News for 'economic crisis'

Protesters storm Lanka president's home, swim in Rajapaksa's pool

Protesters storm Lanka president's home, swim in Rajapaksa's pool

Rediff.com9 Jul 2022

The President had been moved out of his residence on Friday, in anticipation of Saturday's protests.

Uncle Sam's Dollar Ponzi Scheme

Uncle Sam's Dollar Ponzi Scheme

Rediff.com12 Jul 2024

US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.

IndiGo finally bites the bullet; to lay off 10% staff

IndiGo finally bites the bullet; to lay off 10% staff

Rediff.com20 Jul 2020

It is for the first time in the history of IndiGo that we have undertaken such a painful measure, CEO Ronojoy Dutta said.

Is Modi afraid of expert advice?

Is Modi afraid of expert advice?

Rediff.com9 Jul 2020

It is time the government cast its net wide for seeking expert advice on managing the Indian economy and formed a group to help it navigate the difficult days ahead, advises A K Bhattacharya.

Lanka allows docking of Chinese ship at port amid India's concern

Lanka allows docking of Chinese ship at port amid India's concern

Rediff.com13 Aug 2022

The ship will now arrive on August 16 and remain at the Hambantota port till August 22, they said.

India, US, 12 other IPEF members ink pact

India, US, 12 other IPEF members ink pact

Rediff.com15 Nov 2023

India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.

Modi meets French Prez Macron, both leaders may discuss Ukraine crisis

Modi meets French Prez Macron, both leaders may discuss Ukraine crisis

Rediff.com5 May 2022

Macron held a tete-a-tete with Modi before the delegation-level talks at the Elysee Palace - the official residence of the French president.

Speaker appoints Prime Minister Wickremesinghe as Lanka's acting president

Speaker appoints Prime Minister Wickremesinghe as Lanka's acting president

Rediff.com13 Jul 2022

Sri Lankan Prime Minister Ranil Wickremesinghe was appointed as the country's acting president after President Gotabaya Rajapaksa fled to the Maldives on a military jet on Wednesday in the face of a public revolt against his government for mishandling the economy that has bankrupted the country.

Emergency imposed in Sri Lanka after Rajapaksa flees

Emergency imposed in Sri Lanka after Rajapaksa flees

Rediff.com13 Jul 2022

Sri Lanka on Wednesday declared a state of emergency after President Gotabaya Rajapaksa fled to the Maldives on a military jet in the face of a public revolt against his government for mishandling the country's economy.

Lok Sabha elections as good as rigged: Jean Dreze

Lok Sabha elections as good as rigged: Jean Dreze

Rediff.com14 Apr 2024

Development economist Jean Dreze said the Indian democracy is currently navigating a crisis that is not only limited to the 'recent wave of authoritarianism' but also suppression of opposition voices by the ruling Bharatiya Janata Party.

Hiring activity sees 6% growth in Mar on improving economic activities

Hiring activity sees 6% growth in Mar on improving economic activities

Rediff.com19 Apr 2022

Hiring activity witnessed a 6 per cent year-on-year growth in March this year, supported by a rebound in economic activities and led by sectors such as banking and telecom, according to a report. However, there was a marginal dip of 2.4 per cent in hiring activity as compared to February, owing to the appraisal season, according to the Monster Employment Index (MEI). "Two years into the pandemic, it is heartening to see that the Indian economy has overcome setbacks and challenges with hiring momentum exceeding pre-COVID levels by 6 per cent this year compared to 2020," Monster.com, a Quess company, CEO Sekhar Garisa noted.

Adani Crisis: What RBI, SEBI Must Do

Adani Crisis: What RBI, SEBI Must Do

Rediff.com6 Mar 2023

In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.

India among economies worst-hit from Ukraine crisis: Nomura

India among economies worst-hit from Ukraine crisis: Nomura

Rediff.com26 Feb 2022

Every 10 per cent rise in crude oil price will shave off around 0.2 percentage point (pp) from India's GDP growth and widen the current account by 0.3 per cent, says Nomura.

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