By Asad Mirza As the Biden administration prepares to relinquish power next month, it may leave without accomplishing a much-discussed diplomatic goal: the normalisation of ties between Israel and Saudi Arabia, accompanied by a formal US security agreement with Saudi Arabia. The future of a formal US-Saudi security agreement...
By Tirthankar Mitra Pakistan Prime Minister Shehbaz Sharif securing a $7 billion package from the International Monetary Fund (IMF) in September was accompanied by a commitment to break Pakistan’s longstanding reliance on bailout programmes. Since 1958, it has taken recourse to it 20 times. The country is struggling with...
By Shalaka Chauhan, Abdul Shakeel A new waste-to-energy incineration plant is set to be established in Bawana to burn 3,000 tonnes of mixed municipal solid waste daily per day. Currently, Delhi burns 7,250 tonnes of garbage daily across plants in Okhla, Tehkhand, Ghazipur, and Bawana, with plans to expand...
By Anthony Nadler The Democratic Party has failed to earn the support of what was once its working-class base. This ought to be a moment of reckoning for the party. The anger it faces is justified and necessary to intensify pressure to abandon its tepid political strategies and overreliance...
MUMBAI: Venture capital (VC) activity in India between January and November 2024 recorded a total value of $16.77 billion across 888 deals, a 14.1 per cent increase in value and a 21.8 per cent rise in deal count compared with $14.69 billion across 729 deals during the same period...
Emerging markets-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether. From stocks to currencies to bonds, 2024 was yet another year in which...
NEW DELHI: Despite the demand from some partners for inclusion of investment protection treaties in the free trade agreements that are under negotiation, India would stick to its stand of signing separate treaties for investments and not making them part of FTAs, a senior official said. India is currently...
MUMBAI: Banks have requested the Reserve Bank of India (RBI) to extend the timeline for adhering to new guidelines that prohibit overlapping lending activities between banks and their group entities. In their feedback submitted through the Indian Banks’ Association (IBA), banks have sought an extension beyond the proposed two-year...
JAISALMER: The Goods and Services Tax (GST) Council on Saturday deferred crucial decisions on a large-scale rate rationalisation, taxation of health and life insurance premiums, and on how to restructure the compensation cess after the March 2026 deadline. While a decision on cutting GST on food delivery apps from...
GENEVA/NEW DELHI: India has the potential to be a key producer of sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines’ grouping IATA. With decarbonisation in focus, efforts are being made to...
NEW DELHI: The government has decided to infuse Rs 500 crore capital in state-owned IFCI to improve its financial health ahead of the company’s proposed restructuring and consolidation into a group. With the infusion, the government of India’s holding in the company is expected to further increase from existing...
NEW DELHI: Industry body CII has proposed reforms in India’s Priority Sector Lending (PSL) framework, suggesting inclusion of emerging sectors and high-impact sectors like digital infrastructure, green initiatives, healthcare, and innovative manufacturing. Arguing that current Development Finance Institutions (DFIs) like SIDBI and NaBFID (National Bank for Financing Infrastructure and...
NEW DELHI: The country’s leather and footwear exports are expected to grow by over 12 per cent to USD 5.3 billion in the current financial year on account of healthy demand in key global markets, CLE Chairman Rajendra Kumar Jalan has said. He also said several global companies, including...
NEW DELHI: After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment. Foreign Portfolio Investors (FPIs) began the week on a...
By K Raveendran While Prime Minister Narendra Modi’s ‘friend’, the US President-elect Donald J Trump, is set to move into White House, once again, it need not be particularly beneficial for India. If anything, Trump can be said to be “anti-India” even while remaining “pro-Modi”. The camaraderie contrasts starkly...
By D Raja History of the Communist Party of India in the last 100 years is a glorious saga of struggles and sacrifices for our country and its people. History of our freedom movement and our progress after independence are incomplete without the blood and sweat of communists all...
By Dr. Gyan Pathak India’s only decent job creation flagship programme announced in the Union Budget 2024-25 has gone out of track. Though supposed to be launched on August 1, it is now likely to be launched in January 2025, since details of the programmes are not yet ready....
By Prabhat Patnaik The aim of all fascistic governments is to disempower the people and the Modi government is no exception. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which promised one member in every rural household a maximum of 100 days of employment per year, was a...