virendra pandit

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Indian economy: Q2 GDP down 7.5%, but fast recovery in progress

November 28, 2020 virendra pandit 0

New Delhi: As expected, the second quarter of fiscal 2020-21 has reported a 7.5 percent contraction in India’s Gross Domestic Product (GDP), but a silver lining is that the country’s coronavirus-battered economy is set to improve in the remaining two quarters until March 2021. Performance in the July-September quarter contracted by 7.5 percent as compared […]

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Covid-19: Over 7.4 cr Indians infected by Aug, says ICMR survey

November 28, 2020 virendra pandit 0

Virendra Pandit New Delhi: Even as India, and the world, races ahead to launch a vaccine against Covid-19—on Saturday, Prime Minister Narendra Modi inspected three major pharmaceutical facilities in Ahmedabad, Hyderabad, and Pune in this regard—the latest ICMR survey has revealed that more than 7.43 crore Indians were already infected by the coronavirus pandemic by […]

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E-commerce: Centre forms panel; India plans to have own Amazon

November 28, 2020 virendra pandit 0

Virendra Pandit New Delhi: The Centre is understood to have formed a high-level steering committee to suggest how India can have its own Amazon-variant for e-commerce. India intends to set up its own e-commerce platform to curb malpractices being carried out on different e-commerce platforms and to prevent the flight of capital to other countries. […]

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Global Indians: Will Indians fare any better in America’s Biden era?

November 27, 2020 virendra pandit 0

Virendra Pandit New Delhi: More than five lakh aspiring Indians are looking forward to going to the USA on various visas and try to settle down there once President-elect Joe Biden takes the oath of office on January 20, 2021, and enters the White House some 44 days from now. Recently, Biden had referred to […]

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Pak drug haul: Coast Guard arrest six, seize SL boat, heroin, and drugs

November 27, 2020 virendra pandit 0

Gandhinagar: In a major success, the Indian Coast Guard (ICG), on Friday, said it has arrested six crew and seized a Sri Lankan boat carrying heroin and weapons from Pakistan, off Tamil Nadu coast. The incident happened on November 24 when, following a tip-off, the ICG seized the boat 10 nautical miles off Kanyakumari in […]

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As India bans more apps, Xi exhorts sick PLA, again, to be “battle-ready”

November 26, 2020 virendra pandit 0

Virendra Pandit New Delhi: Under mounting pressure from severely bleeding Chinese companies after India banned 267 apps and took other steps since June to enforce billions of dollars in losses, President-for-Life Xi Jinping has, for a second time in six weeks, exhorted the People’s Liberation Army (PLA) to be “battle-ready”, in an attempt to boost […]

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Banking: Centre approves merger of Laxmi Vilas Bank with DBS India

November 25, 2020 virendra pandit 0

New Delhi: The Centre on Wednesday approved the merger of Chennai-based Laxmi Vilas Bank with the Indian subsidiary of Singapore’s DBS, Union Minister Prakash Javadekar said. A probe was on and the blame for the LVB’s collapse is yet to be fixed, he said at a press briefing after Cabinet decisions. On November 15, the […]

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Business: ‘Amazon like East India Co.’ says Salve in Future case

November 25, 2020 virendra pandit 0

Virendra Pandit New Delhi: The East India Company, although revived in 2010 and owned by a Mumbai-born British-Indian entrepreneur Sanjiv Mehta, refuses to fade away from the country’s memory. The latest reference came in an Indian court where Amazon.com Inc. and Reliance Industries Ltd (RIL) are engaged in a legal battle over Future Retail, which […]

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Roving Periscope: Iran & co may face geopolitical ‘orchestra’ in 2021

November 24, 2020 virendra pandit 0

Virendra Pandit New Delhi: The no-longer-secret meeting of Israeli Prime Minister Benjamin Netanyahu with US Secretary of State Mike Pompeo and Crown Prince Mohammad Bin Salman in Saudi Arabia points to the emerging alliance against Iran, whose nuclear-armed neighbor Pakistan and friend North Korea may have to face not just music but a geopolitical orchestra […]

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Banking: RBI may allow more, bigger private banks

November 23, 2020 virendra pandit 0

Mumbai: With the Reserve Bank of India (RBI) relaxing norms, major corporate houses are likely to be allowed to open private banks. According to reports, the government is considering opening up the banking sector for more private players by relaxing some of the rules for the participation of corporate houses in setting up new banks. […]