News for 'economic-crisis'

'Imran has divided the Pakistan army'

'Imran has divided the Pakistan army'

Rediff.com1 Dec 2022

'Many senior officers are unhappy with him, but many lower level officers are still supportive.' 'This is also not something that has happened for a long time. So this is certainly a milestone.'

Freebies: Nothing Called A Free Lunch

Freebies: Nothing Called A Free Lunch

Rediff.com28 Oct 2022

To help the country emerge as a true welfare State, political parties must put the country's interests first before strategising to win elections and short-term goals, argues Ramesh Menon.

Pakistan always first in our neighbourhood policy, says China

Pakistan always first in our neighbourhood policy, says China

Rediff.com14 Apr 2022

China on Thursday told Pakistan's new Prime Minister Shehbaz Sharif that it will always put its "all-weather ally" as a priority in its neighbourhood diplomacy as it praised his commitment to promote the USD 60 billion CPEC initiative.

'US Won't Pressure India On Russia'

'US Won't Pressure India On Russia'

Rediff.com27 Oct 2022

'Washington appears to be playing the long game, and making the argument to India that over the longer term, Russia -- sanctioned, cash-strapped, isolated by the West -- will no longer be a viable defence partner for India'

'It was not a mob. It was a revolution'

'It was not a mob. It was a revolution'

Rediff.com15 Jul 2022

'This is a historical moment in the political history of Sri Lanka.' 'You can see the amount of pressure that is coming from the people because nobody addressed the policy blunders, multiple corruption charges and huge scandals.'

Modi says India is mother of all democracies, flays populism politics

Modi says India is mother of all democracies, flays populism politics

Rediff.com12 Jul 2022

He recalled that the state was home to Vaishali, said to be the oldest republic in the world.

Rupani's 'weak' CM image may have led to his downfall

Rupani's 'weak' CM image may have led to his downfall

Rediff.com11 Sep 2021

Some observers also point to the way he handled the second wave of COVID-19 pandemic and economic and social distress that followed it, even suggesting that it may have contributed to his downfall.

Imran Khan faces revolt from his ruling party ahead of no-trust vote

Imran Khan faces revolt from his ruling party ahead of no-trust vote

Rediff.com18 Mar 2022

The National Assembly session for the move is expected to be convened on March 21 and the voting is likely to be held on March 28.

China is our most important partner, say Taliban

China is our most important partner, say Taliban

Rediff.com3 Sep 2021

Describing China as its 'most important partner', the Afghan Taliban has said it looks to Beijing to rebuild Afghanistan and exploit its rich copper deposits as the war-ravaged country faces widespread hunger and fears of an economic collapse.

Remittances to India likely to see 23% drop: World Bank

Remittances to India likely to see 23% drop: World Bank

Rediff.com23 Apr 2020

Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic, which has resulted in a global recession, the World Bank has said. Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis induced by the pandemic and shutdowns, according to a World Bank report on the impact of the Covid-19 on migration and remittances released on Wednesday.

Tokyo Games: An Olympics of many firsts for flagbearers

Tokyo Games: An Olympics of many firsts for flagbearers

Rediff.com22 Jul 2021

Aussies Cate Campbell and Patty Mills are both attending their fourth Olympics. Mills, a basketballer who plays for the San Antonio Spurs in the NBA, will be the first indigenous Australian selected to carry the flag for the Opening Ceremony.

Why Messi considered leaving Barcelona in 2013

Why Messi considered leaving Barcelona in 2013

Rediff.com9 Oct 2019

Barcelona captain Lionel Messi has said he considered leaving the club when he was investigated for tax fraud in 2013, saying he felt "badly treated" by Spain.

Pak Parl session called on Mar 25 to take up no-trust motion against Imran

Pak Parl session called on Mar 25 to take up no-trust motion against Imran

Rediff.com20 Mar 2022

Around 100 lawmakers from the Pakistan Muslim League-Nawaz and Pakistan Peoples' Party submitted the no-confidence motion before the National Assembly Secretariat on March 8, alleging that the Pakistan Tehreek-e-Insaaf government led by Khan was responsible for the economic crisis and the spiralling inflation in the country.

Footballers could face mass layoffs over coronavirus

Footballers could face mass layoffs over coronavirus

Rediff.com18 Mar 2020

Professional football has been wiped off the map for weeks, maybe months, after all the major leagues, cups and international competitions were suspended, culminating in the postponement of Euro 2020 and Copa America on Tuesday.

'Pandits' exodus wasn't genocide'

'Pandits' exodus wasn't genocide'

Rediff.com17 Mar 2022

'I am not sure of the numbers killed, but they were not as high as the use of the word 'genocide' suggests.' 'There is another meaning you could take, 'cultural genocide', in that the Pandit community is extremely small and their forced departure led to a wiping out of their culture.'

Gita Gopinath to quit as IMF chief economist, return to Harvard

Gita Gopinath to quit as IMF chief economist, return to Harvard

Rediff.com20 Oct 2021

IMF's Chief Economist Gita Gopinath will leave her job in January next year and return to the prestigious Harvard University, according to the global financial institution.

Haryana passes resolution on SYL canal, transfer of Hindi-speaking areas in Punjab

Haryana passes resolution on SYL canal, transfer of Hindi-speaking areas in Punjab

Rediff.com5 Apr 2022

The Haryana assembly on Tuesday passed a resolution seeking the completion of the SYL canal and the transfer of Hindi-speaking areas from Punjab, while denouncing the neighbouring state for staking its claim over Chandigarh.

Why Is Govt Increasing Taxes For Middle Class?

Why Is Govt Increasing Taxes For Middle Class?

Rediff.com16 May 2022

'When you need to revive the economy, when you need to revive aggregate demand, you cut taxes.' 'But what's this government doing?' 'It's increasing taxes for the middle class and the vast majority of the poor on fuel, which has a ratchet effect on most other products.'

Imran says won't resign, to play till last ball as 3 allies may ditch him

Imran says won't resign, to play till last ball as 3 allies may ditch him

Rediff.com23 Mar 2022

Talking to reporters in Islamabad, he said the Opposition has laid all of their cards, but the no-confidence motion against him would not be successful.

Voters Least Bothered About Economy

Voters Least Bothered About Economy

Rediff.com7 Feb 2022

Issues such as the economy's health and the government's ability to produce an environment where jobs are available are not of particular concern to us as voters, asserts Aakar Patel.

SEE: When Mukesh and Nita Ambani release a book...

SEE: When Mukesh and Nita Ambani release a book...

Rediff.com27 Aug 2020

Here's what happens.

India's Jobs Crisis

India's Jobs Crisis

Rediff.com25 Feb 2022

The number of Indians over 15 either working or looking for work is lower as a percentage than in the United States, China, Bangladesh or Pakistan, points out Aakar Patel.

No plan to print currency notes to tide over crisis: Sitharaman

No plan to print currency notes to tide over crisis: Sitharaman

Rediff.com26 Jul 2021

The government has no plan to print currency notes to tide over the current economic crisis triggered by the outbreak of COVID-19 pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a question on whether there is any plan to print currency to tide over the crisis, the finance minister said, "No Sir". Many economists and experts have suggested to the government to print more currency notes to tide over the difficult economic situation with a view to support the economy ravaged by the spread of COVID-19, and protect jobs.

Reserve Bank supersedes boards of Srei firms

Reserve Bank supersedes boards of Srei firms

Rediff.com4 Oct 2021

The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law. This is only the second time in as many years that the Reserve Bank of India (RBI) is referring entities for the resolution process under the Insolvency and Bankruptcy Code (IBC) after taking first ever such step in the case of DHFL back in 2019. Superseding the boards of the crisis-hit Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), the RBI has appointed Rajneesh Sharma, former Chief General Manager of Bank of Baroda as the administrator to manage the affairs of the two companies.

PM's private secy Rajeev Topno moves to World Bank

PM's private secy Rajeev Topno moves to World Bank

Rediff.com4 Jun 2020

Besides him, Brajendra Navnit who served in the Prime Minister's Office (PMO) has been appointed as Ambassador and Permanent Representative of India to the World Trade Organisation (WTO), Geneva, Switzerland. Topno is a 1996 batch Indian Administrative Service officer of Gujarat cadre.

Democracy sometimes messy, requires little patience: Biden

Democracy sometimes messy, requires little patience: Biden

Rediff.com6 Nov 2020

Biden also urged Americans to stay calm and wait patiently while every vote is being counted. Biden is just shy of reaching the magic figure of 270 and win the race to the White House.

Revealed: 6-point plan to revive TN economy

Revealed: 6-point plan to revive TN economy

Rediff.com7 Sep 2020

The Palaniswami government is expected to utilise the Rangarajan Committee's recommendations before the 2021 assembly election.

Rebalancing India-China, The Sri Lanka Way

Rebalancing India-China, The Sri Lanka Way

Rediff.com14 Feb 2022

Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.

RBI may cut rates by 75 bps in FY21: Fitch Solutions

RBI may cut rates by 75 bps in FY21: Fitch Solutions

Rediff.com21 Apr 2020

The disruptions caused by COVID-19 have more severely impacted small and mid-sized corporates, including NBFCs and MFIs, in terms of access to liquidity.

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.

'India has to ensure Sri Lanka doesn't become bankrupt'

'India has to ensure Sri Lanka doesn't become bankrupt'

Rediff.com16 May 2022

'India has given assistance that we required, otherwise we would not have been able to survive this far.'

'Hurried Lockdown has Created Havoc'

'Hurried Lockdown has Created Havoc'

Rediff.com12 Jun 2020

'Unless we get the health and economic situations right at the same time, we will not recover.'

'India needs to do much more in Afghanistan'

'India needs to do much more in Afghanistan'

Rediff.com11 Nov 2021

'The threat of ceding space to China in Afghanistan appears to be one factor propelling our government to get a bit more active now.'

Why Thiem is not keen to assist struggling players

Why Thiem is not keen to assist struggling players

Rediff.com27 Apr 2020

Dominic Thiem said he felt there were sections of society that needed more urgent help during the economic crisis caused by the pandemic than his fellow competitors. He criticised the attitude of some players on the lower-tier Futures circuit, which he said meant they did not deserve handouts from the sport's top players.

Crisis at LAC due to Modi's mismanagement: Sonia

Crisis at LAC due to Modi's mismanagement: Sonia

Rediff.com23 Jun 2020

Addressing the Congress Working Committee, the president of the party said, ""Misfortunes do not come singly. India has been hit by a terrible economic crisis, a pandemic of huge proportions and, now, by a full-blown crisis on the borders with China. Much of each crisis is attributable to the mismanagement of the BJP-led National Democratic Alliance government and the wrong policies pursued by it."

'Results are endorsement of communal regime in UP'

'Results are endorsement of communal regime in UP'

Rediff.com14 Mar 2022

'What worked for the BJP were three things: Hindu nationalism, religion and a silent but strong anti-Muslim sentiment.'

'We have a term, 'Pakistanisation' of Ukraine''

'We have a term, 'Pakistanisation' of Ukraine''

Rediff.com12 May 2022

'Transformation of Ukraine into some kind of permanent strategic challenger, which Russia would have to contain and deter, spend a significant part of political and strategic resources on it.'

'Women in Punjab were fed up with Congress, Akalis'

'Women in Punjab were fed up with Congress, Akalis'

Rediff.com11 Mar 2022

'The 10% increase in women voters was a determined bloc of voters.' 'They were willing to try this third party, specially because it seemed it had done something in Delhi.'

Systemic risk in Indian banks to remain high: S&P

Systemic risk in Indian banks to remain high: S&P

Rediff.com12 Apr 2021

S&P Global Ratings on Monday said systemic risk in Indian banks is likely to remain high in the wake of the second wave of COVID-19 and high proportion of weak loans. S&P estimates the weak loans in banks at 11-12 per cent of gross loans.

China could've stopped virus, but didn't: Trump

China could've stopped virus, but didn't: Trump

Rediff.com21 May 2020

The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.