The US and the European capital markets closed on a strong note on Monday night, while the East Asian market staged a rally on Tuesday morning, he said. It appears that the measures announced by various governments and central banks have not only infused greater liquidity into the markets but have also helped in restoring the confidence to a significant degree, the finance minister added.
With its political colour dominated by less than democratic trends, BRICS currently leaves some of us wondering -- where in this grouping is there an assurance that human freedom will be respected unconditionally? It would be nice to see the new members of BRICS drawn from the ranks of countries wedded to preserving and guarding human freedom, observes Shyam G Menon.
'To simply let the rupee depreciate to any level according to market forces will not be in the country's interests.'
'Putin has set aside all the rules and now he is deciding the rules.'
The RBI working group's proposal to allow corporate houses to set up banks is a 'good-looking' step in a 'bad direction' and may lead to crony capitalism and eventual financial instability, former chief economist of World Bank Kaushik Basu said on Thursday. Basu further said that there is a good reason why all successful economies have a clear dividing line between industries and corporations on the one hand, and banks and lending organisations on the other.
The ineptness of successive American presidents, from Bush the Younger to Joe Biden the Old, combined with the cluelessness that Americans demonstrate in foreign lands, contrasts with the Chinese leadership's seemingly singular focus on the accumulation of wealth and power, asserts T N Ninan.
Two cases of the new Omicron variant of coronavirus have been detected in Karnataka, the Union government said on Thursday while asking people not to panic but follow Covid-appropriate behaviour and get vaccinated without delay.
"President Biden has had warm and productive early conversations with his counterparts in Australia, India, and Japan, and looks forward to engaging even more directly with our partners in the Indo-Pacific as soon as possible," a senior administration official told PTI.
The United States on Friday said it wants India to work for encouraging democratic reforms in Myanmar and suggested that New Delhi has already begun playing an active role in the South East Asian country.
The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.
The dish is packed with aromatic spices and has a great bite to it.
The AEM has upgraded the regions 2010 growth forecast for the 14 emerging East Asian economies to an aggregate 8.1 per cent from the 7.7 per cent it had projected in April.
Aiming to give fillip to India's Look East policy, Prime Minister Manmohan Singh is expected to announce new initiatives to take forward ties with the ASEAN by setting up a mission and appointing an ambassador for the 10-member grouping.
Wary of being identified, some said they had been reassured by their friends but were still apprehensive for themselves and their families. Adding to their anxiety was news of protests.
"We will intensify our engagement with Association of South East Asian Nations, China, and India to press the Burmese leadership to reform and to participate responsibly in the international community," Assistant Secretary of State for East Asian and Public Affairs, Kurt Campbell said.
The country's largest two wheeler maker Hero MotoCorp and Harley-Davidson on Tuesday announced a wide ranging partnership for the Indian market, days after the US cult bike manufacturer announced its exit from the country. As part of the deal, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name in the country. Besides, it will take care of service and parts requirements for the Harley bikes.
The Union health ministry said in a statement on Monday that over 23,000 adverse events have been reported since the vaccination drive involving Covishield and Covaxin vaccines started in the country and of these 700 cases were reported to be serious.
Tata Motors recently cut the sales forecast of its luxury car brand, JLR, due to chip shortages, scaling down its production numbers from the earlier 120,000 units to 60,000-65,000 units by September, and leading to an almost 10 per cent fall in the company's stock. In May this year, Bosch India, too, had stated that chip shortfalls would impact its production, as supply chains were getting disrupted.
The South-East Asian country is a growing market for sponsors such as brewer Heineken and will give the region four races on the calendar again after the departure of Malaysia last year.
'When I came into the process, there was a treatment and in the treatment, there are always stories and parts that take place in Mumbai.'
'If the Chinese are bringing Pakistan more 'behind the curtain,' in terms of intelligence and military cooperation, it will be tailored to their common interests like confronting India over territorial disputes'
US-based telecom network software and services provider, Telcordia Technologies said on Wednesday its development centre set up at Chennai will cater to the domestic market and other countries of South East Asian region.
Earlier in the day, Bolivia beat Venezuela 3-1 at home and Uruguay and Paraguay drew 0-0 in Montevideo.
Whether one likes it or not, services constitute the value-addition sector that the country has to build on, using its comparative advantage in infotech and related skills, suggests T N Ninan.
This makes it the most valued fintech company in the country after Paytm and Walmart-owned PhonePe.
Over 40 per cent of MSMEs are owned by entrepreneurs from other backward castes.
Warning India of high fiscal deficit and debt burden, global rating agency Standard & Poor's said the country was unlikely to sustain high growth as was achieved by East Asian tiger economies.
The Chennai-based information technology company Polaris Software Lab is looking at establishing a new office in China, which would help the company consolidate its presence in the South East Asian market.
He also reiterated India's strong support in the fight against terrorism with Sri Lanka, which saw the country's worst terror attack on Easter Sunday.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Vice President Hamid Ansari, whose last engagement in his 4-day visit to Vietnam was an Indian community reception hosted by Ambassador Ranjit Rae on Thursday afternoon, described the community as an important agent to expand the economic, commercial and technological ties with the Association of South East Asian Nations, Asean. Around 300 Indians from various backgrounds attended the reception.
India created 64,370 jobs in the last four years owing to outsourcing activity.
Rediff.com's Vipin Vijayan, who is travelling along with Prime Minister Manmohan Singh as he begins his trip to Japan and Thailand, speaks to a senior government official who explains India's position in a growingly multi-dimensional East Asian politics.
Security cooperation and enduring stability in Asia will be on Prime Minister Manmohan Singh's mind during his visit to the two friendly nations, reports Rediff.com's Vipin VIjayan, who is part of the media contingent accompanying the PM
Speaking against the backdrop of sharp differences among East Asian countries over use of resources of mineral-rich South China Sea over which China lays sole claim, the prime minister said, 'concerted effort and collective action on the part of the countries gathered in the region can strengthen mutual understanding and help us address shared challenges'
Foreign Direct Investment to Asia reached record heights in 2011, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2012.
The targets of racism in Australia have changed -- Indians are now most often singled out rather than the past focus on people of East Asian descent, a new social study has found.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances