Home Economy Page 263

Economy

Pakistan, Thar Desert

China is boosting Pakistan’s power generation but it’s of little use to consumers

Pakistan has added half of its power generating capacity in the past 5 years with Chinese help but a weak distribution network isn't helping.
homosexuality

Legalising gay sex expected to boost India’s ‘Pink Economy’

Indian businesses, MNCs and government have an opportunity to profit from the Supreme Court ruling to decriminalise homosexuality.

Like nephew, Mehul Choksi used shell firms to keep spoils of Rs 13,600 crore PNB con: ED

ED has accused Choksi of diverting Rs 3,257 crore of the Rs 6,000 crore credit accessed by his group companies from PNB.
sun set

India among countries doing little or nothing to stop bribing of foreign officials

Transparency International examined China, India, Hong Kong & Singapore for the first time for its report on foreign bribery.
pedestrian

Forget the rupee, corporate earnings are improving: India’s largest brokerage

ICICI Securities says robust consumption and a pick up in loan growth show the economy is on the mend after demonetisation & GST.

Record-low Rupee puts RBI under pressure to step in

Though RBI has raised interest rates twice since June and depleted billions of dollars to boost the currency, it has not been successful.
Sensex

Sensex crashes 509 points to close at one-month low, Rupee plummets to 72.73

The 30-share index tanked more than 1% for the second day in a row after the rupee slid to a new lifetime low of 72.73 in afternoon trade.
File image of Raghuram Rajan | Tomohiro Ohsumi/Bloomberg

It all began under UPA: Raghuram Rajan gives Modi ammunition against Congress on bad loans

The reckless lending by PSU banks is seen as an outcome of pressure by UPA government to step up credit.
Rupee

Rupee could soon touch 75 per dollar, some lenders predict

India’s August trade deficit is likely to remain at $17-$18 billion, while Fed reserve is set to raise rates again, both of which will weigh on the rupee.
China

This Indian company hit a jackpot because of China’s push for blue skies

Shares of Graphite India have shot up more than 1,200 % since January 2017, boosting the wealth of founder K.K. Bangur to about $1.75 billion.

On Camera

File image of PM Narendra Modi and Chinese President Xi Jinping | Wikimedia Commons

China’s on India’s side in Pangong, Hot Springs. ‘Difference in perception’ line suits it

China has, over the years, specialised in salami slicing. In Sept 2017, then Army chief Bipin Rawat had cautioned that China was silently taking over territory.

Harsh Vardhan questions Delhi govt: Is Arvind Kejriwal failing in handling Covid-19 crisis?

Union health minister Harsh Vardhan Thursday raised concerns about rising Covid cases and low testing levels in Delhi.

Defence

File image of soldiers of the Indian Army and China's People's Liberation Army | Photo: ANI

India, China army commanders to meet tomorrow. These are the issues 14 Corps chief will raise

14 Corps Commander Lt Gen Harinder Singh is scheduled to meet China’s Southern Xinjiang Military District chief at Chushul-Moldo border personnel meeting point Saturday.

The Chinese are so predictable, Modi & Shah should’ve seen them coming on 5 August 2019

India should’ve anticipated the Chinese appearance in Ladakh, even the timing of it, when the status of Jammu & Kashmir was changed.