News for 'World Economic Situation'

Visa on time: Embassies work to meet spike in applications by Indians

Visa on time: Embassies work to meet spike in applications by Indians

Rediff.com21 Jun 2022

Visa delays have perturbed Indian visitors this summer. But a solution could be in sight soon, as embassies gear up to address the challenges caused by a spike in applications and staff shortages. While the British High Commission has said it is working urgently to reduce the current visa processing time, the German Embassy has introduced extra shifts to process more visas. However, appointments with the latter are fully booked till August-end due to high volumes.

China wants 'all parties to guide Taliban actively'

China wants 'all parties to guide Taliban actively'

Rediff.com30 Aug 2021

Chinese Foreign Minister Wang Yi, during his telephonic conversation with US Secretary of State Antony Blinken on Sunday, discussed the deteriorating situation in Afghanistan amidst chaotic airlifts of Afghan civilians and diplomats by the US and North Atlantic Treaty Organisation countries before the August 31 deadline.

India's tweaking of FDI norms aimed at only China

India's tweaking of FDI norms aimed at only China

Rediff.com28 Apr 2020

'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.

Is India becoming a failed State?

Is India becoming a failed State?

Rediff.com8 Jan 2021

'It is difficult to see how we will be able to get out of the hole that we have dug ourselves into and are digging deeper into,' notes Aakar Patel.

'China will have to pay heavy price for military misadventure'

'China will have to pay heavy price for military misadventure'

Rediff.com27 Jun 2020

Experts have said the economic cost of China's misadventure in the last couple of months in eastern Ladakh and South China will be "massive" as it has "exposed" Beijing's "real face" when the entire world is fighting coronavirus.

Ukraine Crisis: Time for Modi To Leave A Mark on India's Foreign Policy

Ukraine Crisis: Time for Modi To Leave A Mark on India's Foreign Policy

Rediff.com1 Mar 2022

Modi has the chance to break out of India's passive mode and firmly tell Russia that in this day and age, India will not support unilateral invasions, asserts Harishchandra Dighe.

Modi govt does not acknowledge the word 'slowdown': Manmohan

Modi govt does not acknowledge the word 'slowdown': Manmohan

Rediff.com19 Feb 2020

There is a need for tax reforms in the country in a bolder way, Singh said.

Fed rate hike may push the world into recession

Fed rate hike may push the world into recession

Rediff.com17 Sep 2015

The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.

LOVE GURU: 'My wife likes looking at fair men'

LOVE GURU: 'My wife likes looking at fair men'

Rediff.com25 Aug 2022

Relationship problems? Let Love Guru help.

Is Xi likely to be overthrown?

Is Xi likely to be overthrown?

Rediff.com10 Jun 2021

China's presence in the international dog house is just the kind of opportunity that his opponents must be waiting for, predicts Colonel Anil A Athale (retd).

Faster roll out of 5G to have greater impact: Airtel

Faster roll out of 5G to have greater impact: Airtel

Rediff.com21 Apr 2022

Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.

'Govt should present new Budget'

'Govt should present new Budget'

Rediff.com7 May 2020

'This prime minister thinks he knows everything.' 'He has to consult, he has to talk and he has to mobilise the best people, but having seen him function, I have no expectations from him.'

If Putin is wise...

If Putin is wise...

Rediff.com5 Mar 2022

'He will consolidate the Russian hold over the Eastern Russian majority provinces in Ukraine and quickly withdraw from the rest of Ukraine.' 'At all costs, the Russians should avoid attacking and capturing urban areas, else they risk getting into a quagmire,' cautions Colonel Anil A Athale (retd).

Delhi's Covid surge no sign of 4th wave, say health experts

Delhi's Covid surge no sign of 4th wave, say health experts

Rediff.com19 Apr 2022

Though Covid cases are rising in Delhi and its satellite towns, the focus should be on hospital admissions that have remained the same or changed just marginally, say several scientists, underscoring that the uptick is not an indication of a fourth wave in the country at this point.

India-China ties going through a 'bad patch' due to Beijing's acts: Jaishankar

India-China ties going through a 'bad patch' due to Beijing's acts: Jaishankar

Rediff.com19 Nov 2021

External Affairs Minister S Jaishankar said on Friday that India and China are going through a 'particularly bad patch' in their ties because Beijing has taken a set of actions in violation of agreements for which it still doesn't have a 'credible explanation' and it is for the Chinese leadership to answer where they want to take the bilateral relationship.

Why India's healthcare system is near collapse today

Why India's healthcare system is near collapse today

Rediff.com10 May 2021

Shortage of ICU beds, oxygen, ventilators, vaccines, doctors, nurses and crematorium space in India has dominated headlines around the world in the past few weeks with Covid-19 cases surging beyond control and the government failing to deliver. Yes, election rallies, Kumbh Mela, blatant flouting of social distancing and mask protocols coupled with a messy vaccination process are said to be responsible for the health crisis of colossal proportions that India is facing today. But an analysis of Budget speeches made by finance ministers over 75 years also offers a glimpse of how low on the priority list healthcare has featured for the political class and policy-makers, which is a significant reason for the current situation.

Xi wants China to be the world's top power

Xi wants China to be the world's top power

Rediff.com21 Oct 2017

'Xi's emphasis on enhancing conventional military deterrence capabilities, joint operations and power projection are likely to increase friction points with India as with other nations,' points out China expert Srikanth Kondapalli.

India, Japan pitch for resolving Ukraine crisis through dialogue, diplomacy

India, Japan pitch for resolving Ukraine crisis through dialogue, diplomacy

Rediff.com20 Mar 2022

An India-Japan joint statement said the two leaders expressed serious concern over the conflict and the unfolding humanitarian crisis in Ukraine.

Taliban: Time for India to think BOLD

Taliban: Time for India to think BOLD

Rediff.com25 Aug 2021

Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.

Canadian PM says he discussed 'recent protests' with Modi

Canadian PM says he discussed 'recent protests' with Modi

Rediff.com11 Feb 2021

Canadian Prime Minister Justin Trudeau has said that he held a "good discussion" with his Indian counterpart Narendra Modi on many important issues, including on the two nations' commitment to democratic principles, recent protests, and the importance of resolving issues through dialogue.

'No need to give special attention to COVID-19 anymore'

'No need to give special attention to COVID-19 anymore'

Rediff.com22 Aug 2022

'All actions for COVID-19 should be the same as for other routine health conditions.' 'There is no need to report the matter in the media all the time; not on front page please.'

FM for more reforms, wants end to impasse on coal, iron ore

FM for more reforms, wants end to impasse on coal, iron ore

Rediff.com27 Aug 2013

P Chidambaram says all options are on the table.

UK agrees to support India's defence manufacturing

UK agrees to support India's defence manufacturing

Rediff.com23 Apr 2022

After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.

'Good chance of substantial recovery in next financial year'

'Good chance of substantial recovery in next financial year'

Rediff.com3 Dec 2020

'I am sceptical of the Indian economy returning to a sustained high-growth trajectory any time soon'

Spain's Lopez says unfair to resume tennis soon

Spain's Lopez says unfair to resume tennis soon

Rediff.com29 Apr 2020

'In order to resume, I think the Tour is going to be open when the world is completely open, and everybody can travel freely'

How the US Lost the Opium War in Afghanistan

How the US Lost the Opium War in Afghanistan

Rediff.com20 Sep 2021

The US spent $1.5 million a day since 2001 fighting the opium war in Afghanistan. After hundreds of airstrikes failed to curtail the Taliban's $200-million-a-year opium trade, the US military quietly ended the campaign when the Trump administration officials engaged in direct peace talks with the Taliban, notes Atanu Biswas.

Petrol, diesel prices drop as govt cuts excise duty

Petrol, diesel prices drop as govt cuts excise duty

Rediff.com21 May 2022

The excise duty cut will translate into a reduction of Rs 9.5 a litre on petrol and Rs 7 a litre in diesel after taking into account its impact on other levies.

'2022 Is Year Of Investing In Markets'

'2022 Is Year Of Investing In Markets'

Rediff.com27 Jul 2022

'Our advice is to put money into equities now rather than staying away.'

UN pegs India's growth at 5.35% in 2014

UN pegs India's growth at 5.35% in 2014

Rediff.com24 Jan 2014

The UN World Economic Situation and Prospects 2014 report said a mild recovery in investment as well as stronger export growth will help in the gradual GDP pick-up.

Modi Failed India on the Economy

Modi Failed India on the Economy

Rediff.com10 Jul 2021

The government did not tell us why our economy had imploded. The prime minister simply stopped speaking on the subject, asserts Aakar Patel.

Mugabe, wife 'in custody'; not a coup, says Zimbabwean army

Mugabe, wife 'in custody'; not a coup, says Zimbabwean army

Rediff.com15 Nov 2017

The army said it was targeting 'criminals around Mugabe' who have sent the nation spinning into economic despair.

Need to delink terrorism from religion: PM's TIME exclusive

Need to delink terrorism from religion: PM's TIME exclusive

Rediff.com7 May 2015

In a two-hour exclusive interview with the Time magazine, Prime Minister Narendra Modi' tears up as he speaks about his "first inspiration", talks tough on terrorism and with pride reflects on his ambitions from India. Here are a few takeaways.

Protests greet Nitish during Muzaffarpur hospital visit

Protests greet Nitish during Muzaffarpur hospital visit

Rediff.com18 Jun 2019

Kumar, who had been away in New Delhi since Saturday, returned to the state capital on Monday evening and held an emergency review meeting on the AES situation with officials.

The world in the era of Donald Trump

The world in the era of Donald Trump

Rediff.com14 Nov 2016

The US foreign and security policy establishment, says Ambassador M K Bhadrakumar, apprehends that Trump may compel them to exorcise the 'unipolar predicament', and bring foreign and security policies to reflect the desires and priorities of the American public.

'The Indian economy has a natural resilience'

'The Indian economy has a natural resilience'

Rediff.com20 Jan 2016

'We are primarily a domestic consumption story. We are less exposed to global forces.'

Pandemic has IFC pumping $1.7 bn in India

Pandemic has IFC pumping $1.7 bn in India

Rediff.com17 Aug 2021

The pandemic has led to the International Finance Corporation massively ramping up its impact investment in the country - its largest client nation globally - at $1.7 billion as of June, a 51 per cent rise over the past 12 months, the largest developmental lender into third world private sector said on Tuesday. This is nearly half of its investment in the whole of South Asia since the pandemic, which touched $3.8 billion as of June 2021, it said. "Our total commitment to India, which is our largest client country globally, at the end of June stood at $1.7 billion representing an increase of over 51 per cent from last year," IFC vice-president for Asia and the Pacific region Alfonso Garcia Mora said in a statement.

Stressed firms must get ready for bankruptcy proceedings

Stressed firms must get ready for bankruptcy proceedings

Rediff.com18 Mar 2021

With just a few days left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely. An extension may not be economically desirable as it hampers the restructuring prospects for stressed companies, according to senior officials. Also, it would be a challenge to amend the law in such a short time. A Bill would have to be passed in both Houses of Parliament, if any change, with respect to suspension of Insolvency and Bankruptcy Code (IBC), is to be made - including extension or creating any exceptions to the rule.

Will bring India's Covid mortality rate to below 1 pc: Vardhan

Will bring India's Covid mortality rate to below 1 pc: Vardhan

Rediff.com17 Sep 2020

Union Health Minister Harsh Vardhan on Thursday said the government was aiming to bring down India's Covid-19 mortality rate to less than 1 per cent from the current 1.64 per cent, which is still the lowest in the world.

2021: India aimed to reshape regional power balance

2021: India aimed to reshape regional power balance

Rediff.com31 Dec 2021

India shifted gears in rejuvenating strategic ties with its major partners like the US and Russia and focused on drumming up global support for its distinct strategy in the Indo-Pacific to check Beijing's increasing muscle-flexing in the region.

'If you allow money to flow, people are ready to buy houses, cars'

'If you allow money to flow, people are ready to buy houses, cars'

Rediff.com5 Sep 2019

'If credit is not available, people will postpone buying. That's what has happened.'