'One Chinese interlocutor said India should realise that "China can do without India, but India could not do without China", pointing to its inability to do without Chinese intermediates and components,' former foreign secretary Shyam Saran discovers on a visit to China.
Cyprus, once a high-income economy is today facing a severe economic crisis.
Trump is confident the US will eventually emerge the winner from whatever turmoil his policies cause, notes T T Ram Mohan.
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While there are no definitive statistics available, the Tirupati Trust Foundation has well over 1,000 tonnes of gold.
Former Indian Prime Minister Manmohan Singh, who died at the age of 92, dropped out of a pre-medical course after losing interest in the subject, according to a book by his daughter. Daman Singh's book "Strictly Personal: Manmohan and Gursharan" reveals that her father was initially interested in medicine but found economics more appealing. She also portrays Singh as a funny man with a good sense of humor.
Instead of boosting growth, policy should focus on addressing the current account and budget deficits.
'Famine in Gaza is not a failure of logistics or aid. What is to blame is deliberate starvation caused by a brutal war.' 'Any child dying in a war zone is a vote of no confidence against humanity.'
The economic situation has led to huge protests with demands for the resignation of Prime Minister Mahinda Rajapaksa and President Gotabaya Rajapaksa.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
'I realised why the farmers and the rural folks are going for Trump. They are so insecure and vulnerable that anybody who is throwing a line of hope to them, they seize it.'
A statement from the finance ministry said, 'it shall be the policy of the Sri Lankan government to suspend normal debt servicing...shall apply to amounts of affected debts outstanding on April 12, 2022'.
Victory wrested from regime that only listens when forced, the TMC said on GST exemption on insurance.
Ppolitical experts in Colombo said the ministers came under intense pressure from the public over the government's alleged "mishandling" of the economic crisis, triggered by the shortage in the foreign exchange reserve.
His remarks came in response to several European nations announcing their decision to recognise a Palestinian state during a summit at the UNGA on Monday. While the move was largely symbolic, it added to Israel's diplomatic isolation. Washington, however, has made clear it does not support the step.
Jailed former Pakistani Prime Minister Imran Khan has called for a dialogue with the military establishment, saying the country is currently governed by "jungle law." Khan, who has been in jail since August 2023, also said that rumors of a deal being made with him are entirely false. He criticized the government's handling of the economy, terrorism, and India's alleged attacks, and warned that Pakistan's moral and constitutional framework has been destroyed.
Domestic exporters on Monday expressed concerns over the crisis in Bangladesh and said the developments in the neighbouring country would have implications on bilateral trade. However, exporters expect that the situation may normalise soon. According to exporters, they are already facing disruptions in exports to Bangladesh due to a shortage of foreign exchange in that country.
The PM's speech from the ramparts of the Red Fort today was " stale, hypocritical, insipid, and troubling", the Congress general secretary said.
'There are still plenty of jobs out there -- but not enough people with the right skills to fill them.'
Prime Minister Manmohan Singh is likely to discuss the impact of global demand contraction on Indian economy with industry leaders in New Delhi on Saturday, ahead of the G-20 summit in London next week.
Prime Minister Narendra Modi is set to visit Sri Lanka, where he will hold talks with President Anura Kumara Dissanayake and strengthen ties through agreements on defence, energy security, and digitalisation. This visit aims to further bolster the already strong relationship between the two nations and is expected to include several outcomes, including a defence cooperation agreement, debt restructuring, and a currency swap. This visit comes at a time when Sri Lanka is recovering from an economic crisis, where India played a significant role in providing financial assistance.
'Granting the country's highest civilian honour to Prime Minister Modi was surprising as it indicated the government was going out of its way to have India as a close partner.'
'You are a guest in the US. It's not your home, you're a guest. If they don't feel comfortable, you have to step out.'
India's gain will be an additional business of $300 million to $400 million per month if 10-11% of Bangladesh's export is diverted to Indian hubs like Tiruppur.
The era where nations thrived through rigid alignments is giving way to an age where the connective State defines power. For India, that era has arrived, points out Dr Nishakant Ojha.
'These efforts by Beijing can be weaponised one day with economic, security and political implications for India.'
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
Democratic Left Front politician Nanayakkara was among the 42 members who declared independence in Parliament from the ruling Sri Lanka Podujana Peramuna (SLPP) coalition.
These six people have created a political climate more difficult for business, indeed more hostile to business, than at any time since the mid-1980s.
Glimpses from around the world that will make you smile and cry.
Industry leaders urge India to pursue diplomatic talks with the US, strengthen manufacturing, and consider China ties to gain leverage against tariff pressures.
'But that was not our aim. Our objective was already achieved.'
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.
The dissidents, led by former president Sirisena's Sri Lanka Freedom Party, would leave the ruling Sri Lanka Podujana Peramuna coalition with its 14 Members of Parliament, party sources said after their meeting with the President on Monday.
'No respite from economic pain is worth the loss of dignity and self-respect,' asserts former foreign secretary Shyam Saran.
The bench said, given the pressing nature of the crisis, particularly in cities like Kota, Jaipur, Sikar, Vishakhapatnam, Hyderabad, and Delhi, where students migrate in large numbers, immediate interim safeguards are the call of the day.
The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.
The Quad grouping has called for bringing the perpetrators, organisers and financiers of the Pahalgam terror attack to justice without any delay and urged UN member nations to extend cooperation for it.
'...they always address problems superficially, never tackling root causes.' 'Currently, the policy response will focus on immediate relief -- getting people to safety, providing facilities, clearing debris.' 'This is necessary, but once immediate relief operations end, everything returns to 'normal' without addressing underlying vulnerabilities.'
'What the US appears to be doing is to force India to be "the buyer of last resort", on whom their products can be dumped, 1.4 billion people have to eat something, so why not eat American corn?' 'What is exercising the Trump lot is the fact that most of the farms are in solidly Republican Midwestern states: Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin,' points out Rajeev Srinivasan.
