What has surprised the industry is that the Bill has been tabled without any consultation. Critics warn the ban on real-money gaming could fuel black markets, endanger 200,000 jobs and billions in tax revenue.
India ranks low in the index at 84 with a score of 3.81.
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including 25 per cent additional duties for India's purchase of Russian crude oil.
'There are still plenty of jobs out there -- but not enough people with the right skills to fill them.'
India ranks lowest among the world's major economies for its preparedness to tackle global environmental risks and second-lowest for economic risks, while Switzerland is on the top, a report said.
Maharashtra Chief Minister Prithviraj Chavan welcomed the joint decision of CII and WEF to hold the summit in Mumbai.
'The President's expectations shifted. The goal post moved and India didn't realize that the goal post had moved.'
'Just as we cannot surrender the interests of our farmers and dairy industry, Trump is also looking for markets for the produce of the farmers in the Midwest, which are his support base.'
Is a sulking Eknath Shinde on the way out as Shiv Sena chief?
Index analyzes drivers of financial system development that support economic growth.
Opposition candidate B Sudershan Reddy appeals to MPs to vote with conscience in the upcoming vice presidential polls, urging them to prioritize the spirit of India and parliamentary traditions over party loyalty.
Several Congress leaders and social media users claimed that it was a 'teleprompter gaffe' as Prime Minister Modi had to pause and then restart his special address to the World Economic Forum's online Davos Agenda 2022 summit, but BJP leaders and many others pointed out that it was a technical glitch due to which the WEF people were not able to patch the PM and requested him to start again.
A ruling Shiv Sena leader has predicted a "major political earthquake" in Maharashtra on January 23, the birth anniversary of Shiv Sena founder late Bal Thackeray, claiming that 10 to 15 MLAs from the opposition Congress and the Shiv Sena (UBT) will switch sides and join the party led by Deputy Chief Minister Eknath Shinde. The prediction comes amidst reports of discontent within the ruling coalition in the state.
Finance minister P Chidambaram will inaugurate the 20th India Economic Summit to be held from December 5-7, 2004.
In the short run, the Trump presidency has already ensured one thing: The assumptions of the past can no longer guide the strategies of the future, points out Manish Dabhade.
India has slipped two places on the World Economic Forum's Global Gender Gap index to 129th place, while Iceland retained its top position in the rankings published on Wednesday. Within South Asia, India was ranked fifth after Bangladesh, Nepal, Sri Lanka and Bhutan, while Pakistan was ranked last. Globally, Sudan was ranked last on the index of 146 countries, while Pakistan slipped three places to 145th.
The current global financial crisis dominated the India Economic Summit's (IES) pre-event conference. The three-day event, being organised jointly by the World Economic Forum (WEF) and Confederation of Indian Industry (CII) from Saturday, would make its debut in this city after 26 years. The summit, an annual event, is usually held in New Delhi.
The World Economic Forum on Monday said it has decided to defer its Annual Meeting 2022 in the Swiss Alpine ski resort town of Davos in the light of continued uncertainty over the Omicron outbreak. The Annual Meeting, which was scheduled to take place in Davos-Klosters, Switzerland between January 17-21, 2022, is now planned for early summer. The World Economic Forum (WEF) held its last Davos summit, attended by top leaders from across the world, in January 2020, just before the outbreak of the coronavirus pandemic, while the 2021 meeting could not take place due to the outbreak.
Isn't there something significant in the UPI example for all of us to learn from and execute to enable world-scale success for our startups?, asks Ajit Balakrishnan.
Former Maharashtra minister and Shiv Sena-Uddhav Balasaheb Thackeray leader Aaditya Thackeray on Monday claimed nearly '50 people', including 'some middlemen' and personal assistants, will be part of the delegation that will travel with Chief Minister Eknath Shinde for the World Economic Forum (WEF) gathering in Davos, Switzerland.
The WEF will be celebrating 25 years of its engagement with India at the annual economic summit.
This and many more issues related to India's growth will be deliberated at the 22nd edition of the India Economic Summit, to be held here from November 26 to November 28
Kudankulam will house the largest nuclear power plants in India and the flagship project of Russian-Indian technological and energy cooperation.
Over 2,500 global leaders in business and politics arrived in this Swiss resort on Wednesday to put their minds together on how best to support the fragile recovery following the worst economic crisis since the 1930s.
The United States offers an "abundance" of stability and transparency, which makes the world's largest economy an attractive investment destination for the Aditya Birla Group, a top official from the Indian conglomerate has said. Kumar Mangalam Birla said the group chaired by him has invested $15 billion in the US over the last 17 years, making it the biggest Indian investor in the country.
Soros, 94, in the recent past has spoken openly against Prime Minister Narendra Modi. The ruling BJP believe that he tried to interfere in Indian elections.
rediffGURU Mayank Kumar, co-founder and managing director, upGrad, explains how you can skill yourself for an AI-inspired job market.
India's pharmaceuticals and medical devices industries are still hopeful that trade negotiations with the US could cut a fairer deal for both sides, after President Donald Trump announced a 25 per cent tariff rate on India on a social networking platform without divulging the finer details.
Maharashtra has signed MoUs totalling Rs 1.4 lakh crore at Davos on the sidelines of the World Economic Forum Annual Meeting, following Chief Minister Eknath Shinde's meetings with a number of business leaders, the state government said on Wednesday. Karnataka, too, signed MoUs with investment proposals to the tune of Rs 22,000 crore with seven companies.
Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.
The world is becoming "ungovernable" as the economy has become global while governments continue to remain "national", Israeli President Shimon Peres said.
The 15-member Board of BFA included former Japanese prime minister Yasuo Fukuda, former Malaysian prime minister Abdullah Ahmad Badwai, former Singapore prime minister Goh Chok Tong and former prime minister of France Jean-Pierre Raffarin besides former US Treasury Secretary Henry Paulson.
External Affairs Minister S Jaishankar has said the recent confrontation between India and Pakistan was not just a mere conflict between two neighbours, but it was about combating terrorism, which will eventually come back to haunt the West.
Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.
In a sea-change at the highest town of Europe, black business suits and orange-and-blue army dress have now become a common sight in Davos, as the world of business takes over this Alpine resort for the next five days beginning today, from the usual skiing enthusiasts.
José María Figueres, Chief Executive Officer of the World Economic Forum, has resigned with immediate effect. The World Economic Forum has accepted his resignation.
The formulations in the declaration in reference to terrorism is going to be to our "satisfaction", Dammu Ravi, secretary (economic relations) in the external affairs ministry said on Monday.
Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty, rights group Oxfam said on Monday.
Top 10 trends for 2015 are deepening income inequality; jobless growth; lack of leadership; rising geostrategic competition; weakening of representative democracy; rising pollution in developing world; rising occurrence of severe weather events; intensifying nationalism increasing water stress and growing importance of health in the economy.
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