News for 'economic crisis'

Zelenskyy explains war situation, Modi says India willing to help

Zelenskyy explains war situation, Modi says India willing to help

Rediff.com24 Aug 2024

Ukraine and Russia need to engage with each other to find a solution to the ongoing conflict between them, India said on Friday after Prime Minister Narendra Modi held wide-ranging talks with President Volodymyr Zelenskyy in Kyiv under the shadow of the raging war.

We Are In An Era Of Puppets And Puppeteers

We Are In An Era Of Puppets And Puppeteers

Rediff.com31 Dec 2024

'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.

How Sri Lanka overcame bowling crisis to outshine Bangladesh

How Sri Lanka overcame bowling crisis to outshine Bangladesh

Rediff.com10 Sep 2023

Dasun Shanaka on Saturday said someone had to 'chip in' with the side's frontline bowlers out with injuries.

Emergency in Sri Lanka ahead of new President's election

Emergency in Sri Lanka ahead of new President's election

Rediff.com18 Jul 2022

Sri Lanka's Acting President Ranil Wickremesinghe on Monday imposed emergency giving him sweeping powers ahead of the key election on July 20 to pick a new President as he urged the political parties to put aside differences and form an all-party government, with the Opposition dubbing his decision as an 'undemocratic draconian act'.

Greece crisis poses little threat to global economy: IMF

Greece crisis poses little threat to global economy: IMF

Rediff.com10 Jul 2015

The ongoing Greece economic crisis poses a little threat to the rest of the world as the global economy has withstood the stress tests of the last two weeks fairly well.

Putin-Modi meet likely during BRICS summit: Will they talk Ukraine peace?

Putin-Modi meet likely during BRICS summit: Will they talk Ukraine peace?

Rediff.com12 Sep 2024

"We are waiting for our good friend Modi and best regards to him," the Russian media quoted Putin as saying in the meeting with Doval.

'Go home' chant getting louder as pressure mounts on Gotabaya to quit

'Go home' chant getting louder as pressure mounts on Gotabaya to quit

Rediff.com10 Apr 2022

Eyewitnesses said that a section of the protesters had remained for the all-night vigil.

High commissioner hosts iftar in Colombo

High commissioner hosts iftar in Colombo

Rediff.com10 Apr 2022

As the anti-hijab, anti-halal and anti-azaan campaigns continue in India, it's good to see Indian High Commissioner to Sri Lanka Gopal Baglay host a iftar party in Colombo.

Sri Lankan Oppn agrees to form all-party interim government

Sri Lankan Oppn agrees to form all-party interim government

Rediff.com10 Jul 2022

Sri Lanka's main Opposition parties on Sunday agreed to form an all-party interim government after the anticipated resignation of President Gotabaya Rajapaksa on Wednesday, following unprecedented political turmoil that forced him and Prime Minister Ranil Wickremesinghe to offer their resignations over the mishandling of the nation's crippling economic crisis.

Wickremesinghe sworn in as Lanka interim Prez

Wickremesinghe sworn in as Lanka interim Prez

Rediff.com15 Jul 2022

Lankan Speaker told the party leaders that Parliament will meet on July 20 to elect a new president.

The RBI Story: 90 Years And Going Strong

The RBI Story: 90 Years And Going Strong

Rediff.com24 Apr 2024

Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.

THRILLED To Get A Gas Cylinder

THRILLED To Get A Gas Cylinder

Rediff.com21 May 2022

During the economic crisis in Sri Lanka, the joy of receiving a domestic cooking gas cylinder is priceless.

After 3 years Sheikh Hasina to visit India on Sep 5 for talks

After 3 years Sheikh Hasina to visit India on Sep 5 for talks

Rediff.com22 Aug 2022

Bangladesh Prime Minister Sheikh Hasina is expected to travel to India on September 5 on a three-day official visit during which defence cooperation and regional stability are likely to be the focus of her talks with Indian counterpart Narendra Modi, an official said on Monday.

Sri Lankans on edge ahead of President's promised resignation

Sri Lankans on edge ahead of President's promised resignation

Rediff.com12 Jul 2022

Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.

More economic measures coming soon: Anurag Thakur

More economic measures coming soon: Anurag Thakur

Rediff.com22 May 2020

The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.

Asset divestment needed to resolve Vedanta's debt crisis: Analysts

Asset divestment needed to resolve Vedanta's debt crisis: Analysts

Rediff.com10 Oct 2023

Analysts assert that Vedanta Group's plan to demerge India-listed Vedanta Limited into six listed entities will not resolve the debt problem of its promoter entity, Vedanta Resources (VRL). They suggest that additional asset sales or stake sales by promoters will be necessary to repay the debt. Vedanta is already considering the divestment of its iron-steel division and its copper plant.

Lessons of fiscal prudence from Sri Lanka: Jaishankar at all-party meet

Lessons of fiscal prudence from Sri Lanka: Jaishankar at all-party meet

Rediff.com19 Jul 2022

Sri Lanka is facing 'a very serious crisis' that makes India naturally worried, External Affairs Minister S Jaishankar told an all-party meeting in New Delhi on Tuesday and dismissed suggestions about such a situation arising in India.

When A Country Goes Bankrupt...

When A Country Goes Bankrupt...

Rediff.com7 Jul 2022

Sri Lanka is bankrupt, Prime Minister Ranil Wickremesinghe declared on Tuesday.

Will govt cut petrol, diesel prices before Maha election?

Will govt cut petrol, diesel prices before Maha election?

Rediff.com19 Sep 2024

International oil prices continue to be extremely volatile, falling on one day and rising thereafter, a top oil ministry official said explaining the reason behind no reduction in petrol and diesel prices despite softening in input cost, but could not say if the rates will be cut before Maharashtra elections. Global oil benchmark Brent crude futures fell below $70 per barrel last week -- the first time since December 2021 -- but gained thereafter. Brent was trading at $74.58 per barrel on Thursday while West Texas Intermediate advanced to trade at $71.71.

Modi-India Inc meet: A move to boost confidence amid crisis

Modi-India Inc meet: A move to boost confidence amid crisis

Rediff.com8 Sep 2015

The meeting will focus on how to make the crisis an opportunity for India.

Singapore extends Rajapaksa's stay by 14 days: Report

Singapore extends Rajapaksa's stay by 14 days: Report

Rediff.com27 Jul 2022

Rajapaksa, 73, fled Sri Lanka after the July 9 uprising when people broke into the President's House after months of public protests against him for mishandling the country's worst economic crisis since 1948.

NC promises Article 370, autonomy, statehood resolution

NC promises Article 370, autonomy, statehood resolution

Rediff.com19 Aug 2024

Restoration of Article 370 and Jammu and Kashmir's statehood as well as implementation of the autonomy resolution passed by the erstwhile assembly in 2000 are among the National Conference's 12 guarantees announced in its manifesto for the upcoming polls.

Sri Lankan President Flees Protestors

Sri Lankan President Flees Protestors

Rediff.com9 Jul 2022

Thousands of protesters in Colombo broke through police barricades and stormed President Gotabaya Rajapaksa's official residence in the Sri Lankan capital, demanding he resign and accept responsibility for the island's gravest economic crisis that has caused thousands of Sri Lankans to live on one meal a day.

Canada didn't act on Bishnoi gang despite info: India

Canada didn't act on Bishnoi gang despite info: India

Rediff.com17 Oct 2024

During the briefing, Jaiswal reiterated that so far no evidence has been shared by Canada.

Gotabaya retains Mahinda, drops 3 Rajapaksas in new cabinet

Gotabaya retains Mahinda, drops 3 Rajapaksas in new cabinet

Rediff.com19 Apr 2022

Prime Minister Mahinda Rajapaksa became the only member of the family to retain a cabinet position in his younger brother Gotabaya Rajapaksa's new cabinet of 17 ministers appointed on Monday, as the island nation was facing the worst economic crisis.

Who Will Win Sri Lanka's Presidential Poll?

Who Will Win Sri Lanka's Presidential Poll?

Rediff.com20 Sep 2024

'The Indian government is better prepared this time and has reached out to all contenders and not putting all eggs in one basket.'

Modi flags concerns over high food, fuel and fertiliser prices; says unsure when crisis will end

Modi flags concerns over high food, fuel and fertiliser prices; says unsure when crisis will end

Rediff.com12 Jan 2023

The world is in a state of crisis and it is difficult to predict how long this state of instability will last, Prime Minister Narendra Modi said on Thursday referring to various global challenges arising out of conflict, war and terrorism among others. In his opening remarks at the Voice of Global South virtual summit, Modi flagged concerns over rising prices of food, fuel and fertilisers, economic impact of the COVID-19 pandemic as well as natural disasters driven by climate change. "We are meeting as a new year dawns and brings new hopes and new energy," Modi said.

White House: Modi's US visit was not about...

White House: Modi's US visit was not about...

Rediff.com24 Jun 2023

Prime Minister Modi on Saturday left for Egypt after concluding his state visit during which he held wide-ranging talks with President Joe Biden and addressed the joint session of the US Congress.

Lankan Parl meets to announce Prez vacancy, Oppn leader Premadasa in fray

Lankan Parl meets to announce Prez vacancy, Oppn leader Premadasa in fray

Rediff.com16 Jul 2022

During the 13-minute special session, Dhammika Dassanayake, ecretary general of Parliament, announced the vacancy for the post of president.

Indian Biz Sees Hope After Bangladesh SC Order

Indian Biz Sees Hope After Bangladesh SC Order

Rediff.com22 Jul 2024

'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'

COVID positive McDonald to miss start of SL tour

COVID positive McDonald to miss start of SL tour

Rediff.com1 Jun 2022

The Australia squad raised concerns about touring Sri Lanka, which is in the midst of an economic crisis, but the cricket board of the South Asian country has declared the tour will go on as scheduled.

'If its basic industry is terrorism': Jaishankar on helping Pak

'If its basic industry is terrorism': Jaishankar on helping Pak

Rediff.com23 Feb 2023

Jaishankar also made it clear that it is in nobody's interest to see a country get into severe economic difficulties, and that too a neighbour.

'You Can't Understand Human Beings...'

'You Can't Understand Human Beings...'

Rediff.com1 Jul 2024

'...without looking into yourself.' 'What matters most is human relationships and the human mind.'

How Modi govt brought economy back on track: White Paper

How Modi govt brought economy back on track: White Paper

Rediff.com8 Feb 2024

The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.

'India's influence in Bangladesh will remain strong'

'India's influence in Bangladesh will remain strong'

Rediff.com8 Aug 2024

BJP leader and India Foundation founder Shaurya Doval said there may be certain perceptions that need to be set right initially as India "went long on relations with Sheikh Hasina".

Chinese spy ship won't dock in Hambantota, says Lanka

Chinese spy ship won't dock in Hambantota, says Lanka

Rediff.com11 Aug 2022

Sri Lanka's Hambantota Port authorities said the high-tech Chinese research vessel that was to dock there on Thursday won't reach the port as scheduled, according to a media report, days after India expressed security concerns over its presence in the island nation.

India The Diplomatic Ambassador In Global Crises

India The Diplomatic Ambassador In Global Crises

Rediff.com16 Sep 2024

Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Sri Lankan protesters camp outside PMO demanding ouster of Rajapaksas

Rediff.com26 Apr 2022

Thousands of demonstrators have hit the streets since April 9, as the government ran out of money for vital imports; prices of essential commodities have skyrocketed and there are acute shortages in fuel, medicines and electricity supply.

'If You Want To Invest Directly, Ensure...'

'If You Want To Invest Directly, Ensure...'

Rediff.com27 Aug 2024

'...you evaluate three key factors before committing your money.'

Lanka's parliament to pick president on July 20, Wickremesinghe frontrunner

Lanka's parliament to pick president on July 20, Wickremesinghe frontrunner

Rediff.com15 Jul 2022

The 225-member Parliament will elect the new president by a secret vote on July 20, Speaker Mahinda Yapa Abeywardena said on Friday.