News for 'World Economic Situation'

Reinventing Capitalism For The Digital Age

Reinventing Capitalism For The Digital Age

Rediff.com16 Jun 2023

US Congressman Ro Khanna's message is that instead of depending on the 'hidden hand' of capitalism -- that is to say, the power of markets -- it is time for policymakers to play a more active role in making sure that a wide range of towns become locations for digital economy enterprises and jobs, points out Ajit Balakrishnan.

Do a reality check on free trade pacts, says economic survey

Do a reality check on free trade pacts, says economic survey

Rediff.com9 Jul 2014

During 2013-14, imports from Japan, South Korea and Malaysia stood at $9.49 billion, $12.47 billion and $9.21 billion respectively.

Why Xi Jinping 'fixed' Jack Ma

Why Xi Jinping 'fixed' Jack Ma

Rediff.com18 Jan 2021

Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.

Benegal struggles to find producers

Benegal struggles to find producers

Rediff.com17 Dec 2008

Veteran director Shyam Benegal is having a tough time finding producers for his ambitious project Spy Princess in the recession hit film industry. The film has been adapted from a book of the same name by Sharabani Basu. Noor Inayat Khan, a descendant of Tipu Sultan, was a British-Indian princess who served as a spy during World War II and was captured and shot dead by German forces, who failed to extract any information from her.

Will Asia Cup be shifted from Sri Lanka to UAE?

Will Asia Cup be shifted from Sri Lanka to UAE?

Rediff.com17 Jul 2022

The Asia Cup is "likely" to be moved out of Sri Lanka in the wake of political unrest in the island nation, SLC secretary Mohan de Silva said on Sunday, adding that the tournament could be played in the UAE.

World Bank pegs India's growth at 7.5%

World Bank pegs India's growth at 7.5%

Rediff.com28 Apr 2015

The government had projected the GDP growth to be at 8.5%.

At UNSC, Jaishankar's veiled attack on China, Pak

At UNSC, Jaishankar's veiled attack on China, Pak

Rediff.com14 Dec 2022

Multilateral platforms are being misused to justify and protect perpetrators of terrorism, External Affairs Minister S Jaishankar said

Obama warns of 'economic shutdown' as debt deadline nears

Obama warns of 'economic shutdown' as debt deadline nears

Rediff.com12 Oct 2013

President appealed to Congress to pass the budget while pushing Republicans to agree to hike the borrowing limit.

China offers to restore peace in 'grave' Ukraine

China offers to restore peace in 'grave' Ukraine

Rediff.com11 Mar 2022

Premier Li, replying to a question on China's refusal to criticise Russia's military action against Ukraine, said that utmost efforts should be made to support Russia and Ukraine in carrying forward ceasefire negotiations.

10 Buzz Phrases That Defined The Workplace

10 Buzz Phrases That Defined The Workplace

Rediff.com13 Dec 2022

Trends that added colour to workplace culture in 2022.

War with India is NOT an option: Sharif

War with India is NOT an option: Sharif

Rediff.com6 Nov 2015

War with India is not an option as use of force could only worsen the situation, Pakistan's Prime Minister Nawaz Sharif has said while hoping to resolve all outstanding issues between the two countries.

Lanka crisis: Gotabaya forms panel to manage finances

Lanka crisis: Gotabaya forms panel to manage finances

Rediff.com7 Apr 2022

The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.

'There could be new challenges, new battles'

'There could be new challenges, new battles'

Rediff.com7 Apr 2023

'The Indian economy and the Indian financial sector today remain resilient and much better placed.'

'Taiwan has always been a target of intimidation by China'

'Taiwan has always been a target of intimidation by China'

Rediff.com5 Aug 2022

'If the situation deteriorates and there is further escalation, the USA is in preparedness.'

'What Gives Me Hope About India Is...'

'What Gives Me Hope About India Is...'

Rediff.com24 Aug 2023

'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'

Protect international cricket: MCC calls for urgent intervention

Protect international cricket: MCC calls for urgent intervention

Rediff.com10 Mar 2023

With franchise cricket taking over a major part of the calender, MCC called for urgent intervention to save international cricket.

Gold: Little sparkle for financiers despite tailwinds

Gold: Little sparkle for financiers despite tailwinds

Rediff.com6 Apr 2023

Gold prices hit record high in the third week of March as fears of bank collapses and high inflation led investors to the traditional safe haven. Gold prices are often inversely correlated to dollar strength because the international price is dollar-denominated. The Federal Reserve's (Fed's) stance indicates that the dollar may appreciate further since it is prepared to keep pushing up policy rates. But demand for gold is also up - the World Gold Council claims central banks are buying in addition to private demand.

'A Global Recession Can Be Avoided'

'A Global Recession Can Be Avoided'

Rediff.com4 Oct 2022

'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'

Why Modi govt ramped up import of Russian crude, Sitharaman explains

Why Modi govt ramped up import of Russian crude, Sitharaman explains

Rediff.com8 Sep 2022

Finance Minister Nirmala Sitharaman on Thursday said India has ramped up the import of crude oil from Russia at discounted prices amid sanctions on Moscow as part of the country's inflation management. "In a situation where global prices were going beyond anyone's affordability, at that stage to take a very strong political decision, I respect the prime minister for his courage on this to get it from Russia because they are ready to give it to you at discount. And how speedily did we manage to do it," she said. India ramped up its import from Russia from about 2 per cent of the total shipment of petroleum products to 12-13 per cent in a couple of months as part of inflation management, she said at a seminar organised by economic think-tank Icrier.

Jaishankar meets German counterpart; discusses Indo-Pacific, Ukraine issues

Jaishankar meets German counterpart; discusses Indo-Pacific, Ukraine issues

Rediff.com19 Feb 2022

Jaishankar also met his Iranian counterpart H Amirabdollahian and held productive discussions on bilateral economic cooperation, Afghanistan and the joint comprehensive plan of action, also known as the Iran nuclear deal.

RSS leader raises alarm on poverty, unemployment

RSS leader raises alarm on poverty, unemployment

Rediff.com3 Oct 2022

Hosabale blamed the "faulty' economic policies of the earlier governments for the "ills" in the economy.

World Bank cuts India's 2013-14 GDP growth projection to 4.7%

World Bank cuts India's 2013-14 GDP growth projection to 4.7%

Rediff.com16 Oct 2013

In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.

'Khalistanis are a microscopic minority in Punjab'

'Khalistanis are a microscopic minority in Punjab'

Rediff.com4 Apr 2023

'The Khalistanis get bulk of the money from abroad.' 'Where did Amritpal's Mercedes come from, which costs well over Rs 60 lakhs?' 'Where does his fleet of vehicles come from?' 'Local Punjabis can certainly not contribute this kind of money.'

Want To Buy A Home? Read This Please!

Want To Buy A Home? Read This Please!

Rediff.com12 Jun 2023

Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.

India strives for relationship with China, but...: Jaishankar

India strives for relationship with China, but...: Jaishankar

Rediff.com29 Sep 2022

China claims nearly all of the disputed South China Sea, though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. Beijing has built artificial islands and military installations in the South China Sea. Beijing is also involved in a maritime dispute with Japan over the East China Sea.

Stealth guided missile destroyer Mormugao commissioned into Indian Navy

Stealth guided missile destroyer Mormugao commissioned into Indian Navy

Rediff.com18 Dec 2022

Singh said the warship's commissioning will boost India's maritime power.

Nobody expects my bouncer to come so fast, says economical Mohit

Nobody expects my bouncer to come so fast, says economical Mohit

Rediff.com9 Mar 2015

He has impressed with his miserly bowling effort in the ongoing cricket World Cup.

Prevent Afghan territory from becoming source of terror: PM to G20

Prevent Afghan territory from becoming source of terror: PM to G20

Rediff.com12 Oct 2021

In a virtual address at the G20 Extraordinary Summit on Afghanistan, Modi also pressed for 'urgent and unhindered' humanitarian assistance to Afghan citizens and underlined the need for having an inclusive administration that includes women and minorities, according to the Ministry of External Affairs (MEA).

India needs to adapt to the world of tomorrow

India needs to adapt to the world of tomorrow

Rediff.com10 Sep 2020

In another 2-3 weeks, coronavirus will chariot India to overtake the United States. In March, Modi had exhorted the nation to celebrate India's impending success over the virus by clanging metal plates. Make no mistake, India is losing this momentous war under his captaincy, notes Ambassador M K Bhadrakumar.

The Perils Of Democracy In Pakistan

The Perils Of Democracy In Pakistan

Rediff.com26 May 2023

Pakistan still has to acquire the patience you need in a democracy. The patience to accept that even if I do not like the government I have, I must wait till the next election to change it, explains Shekhar Gupta.

Army maintains strong defence posture along LAC: Gen Manoj Pande

Army maintains strong defence posture along LAC: Gen Manoj Pande

Rediff.com15 Jan 2023

General Pande said the northern border region has been peaceful and steps have been taken to maintain peace through established protocol and existing mechanism.

FY21 GDP shrank 7.3%, worst contraction in 4 decades

FY21 GDP shrank 7.3%, worst contraction in 4 decades

Rediff.com31 May 2021

India's economy grew by 1.6 per cent in the fourth quarter of 2020-21, restricting the full-year contraction to 7.3 per cent, official data showed on Monday. The fourth quarter growth was better than the 0.5 per cent expansion in the previous October-December quarter of 2020-21. The gross domestic product (GDP) had expanded by 3 per cent in the corresponding January-March period of 2019-20, according to data released by the National Statistical Office (NSO).

Is Modi govt's economic agenda ready?

Is Modi govt's economic agenda ready?

Rediff.com10 Jan 2015

Modi government has to come up with a robust economic agenda to impress the masses.

'China is ahead of India because our political leadership was behind'

'China is ahead of India because our political leadership was behind'

Rediff.com12 Oct 2022

'You have to be a total anti-national bozo to shut down the Nokia plant in Sriperumbudur, which was the first large manufacturing plant for mobile phones in India.' 'Why was the unit shut down? Because of somebody's ego.'

'India's power forces world silence on Kashmir'

'India's power forces world silence on Kashmir'

Rediff.com5 Dec 2017

'Increasing Indian influence meant "people here in Washington DC, in Brussels, in London or other world capitals don't talk about Kashmir".'

Imran Khan meets Putin amid Ukraine attack; talks developments in S Asia

Imran Khan meets Putin amid Ukraine attack; talks developments in S Asia

Rediff.com24 Feb 2022

The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.

China Is Net Gainer In Ukraine War

China Is Net Gainer In Ukraine War

Rediff.com7 Mar 2023

The unalloyed truth about the Ukraine-Russia conflict is that it is a war that Russia cannot lose and Ukraine cannot win, observes Colonel Anil Athale (retd).

Greta Thunberg blasts world leaders at UN over climate change

Greta Thunberg blasts world leaders at UN over climate change

Rediff.com24 Sep 2019

Thunberg has been protesting outside the Swedish Parliament every Friday since August 2018 against inaction over climate change.

IAF's 'critical deficiencies' must be addressed on priority: IAF chief

IAF's 'critical deficiencies' must be addressed on priority: IAF chief

Rediff.com22 Dec 2022

'There are certain critical deficiencies like shortage of fighter squadrons and force multipliers which must be addressed on priority to retain our combat edge'

India cites 'inherent limitations' in resolution, abstains from UGA's Ukraine vote

India cites 'inherent limitations' in resolution, abstains from UGA's Ukraine vote

Rediff.com24 Feb 2023

India abstained in the UN General Assembly on Thursday on a resolution that underscored the need to reach "comprehensive, just and lasting peace" in Ukraine, citing the resolution's "inherent limitations" in reaching New Delhi's desired goal of securing lasting peace and ending the conflict which has been raging for one year now.