World Economics

RBI wrote off Rs 68,600-cr loans of wilful defaulters, including Choksi, Kingfisher Airlines: RTI  Baba Ramdev and Balkrishna's group company Ruchi Soya's Rs 2,212 cr also written off Web Desk April 28, 2020 17:09 IST 54-Mehul-Choksi Mehul Choksi | Amey Mansabdar The Reserve Bank of India (RBI) has written off a staggering Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi's Gitanjali Gems and Vijay Mallya's Kingfisher Airlines, till September 2019. The RBI said the amount (Rs 68,607 crore) comprises outstanding and the amounts technically/prudentially written off till September 30, 2019. The details were revealed by the RBI in an RTI reply to activist Saket Gokhale. In its response, the apex bank released the names of the top 50 defaulting firms and the amount owed by each company. Choksi's Gitanjali Gems is the first among the 50 top defaulters with a massive sum of Rs 5,492 crore written off by the RBI. This

పరారైనవారి రుణాలు మాఫీ చేస్తారా? ఆ రూల్‌ నీరవ్‌, చోక్సీ, మాల్యాకు వర్తించదు ఆర్థిక మంత్రి నిర్మలపై చిద్దూ ధ్వజం న్యూఢిల్లీ, ఏప్రిల్‌ 29 (ఆంధ్రజ్యోతి): బ్యాంకురుణాలు ఎగవేసి విదేశాలకు పరారైన వారి రుణాలను సాంకేతిక కారణాలతో రద్దు చేయాలని ఎందుకు నిర్ణయించారని సీనియర్‌ కాంగ్రెస్‌ నేత పి. చిదంబరం ప్రభుత్వాన్ని ప్రశ్నించారు. యూపీఏ హయాంలో పైరవీలతో బ్యాంకు రుణాలు పొందిన వారే ఎగవేతదారుల్లో ఎక్కువగా ఉన్నారని కేంద్ర ఆర్థిక మంత్రి నిర్మలా సీతారామన్‌ చేసిన వ్యాఖ్యలను ఆయన తిప్పికొట్టారు. వాజ్‌పేయి, మన్మోహన్‌ సింగ్‌, మోదీ హయాంలో రుణాల ఎగవేతదారుల జాబితాను వేర్వేరుగా వెల్లడించాలని తాను పార్లమెంట్‌లో కోరితే ప్రభుత్వం జవాబివ్వలేదని చిదంబరం తెలిపారు. రుణాలను సాంకేతిక కారణాలపై మాఫీ చేసే నిబంధనను నీరవ్‌ మోదీ, మెహుల్‌ చోక్సీ, విజయ్‌ మాల్యాలకు ఎలా వర్తింపచేస్తారని ఆయన ప్రశ్నించారు. రెవెన్యూ లోటును భర్తీ చేసేందుకు ఎఫ్‌ఆర్‌బీఎం చట్టాన్ని సడలించి రుణ పరిమితిని పెంచాలంటూ రాష్ట్రాలు చేస్తున్న డిమాండ్‌ సరైనదేనని చిదంబరం అన్నారు.  జీతాలు చెల్లించండి కాగా చిన్న, మధ్య తరహా సంస్థల్లో జీతాలురాని 12 కోట్ల మంది ప్

Oil prices could go negative again for reasons beyond just storage PUBLISHED TUE, APR 28 20208:30 AM EDT Brian Sullivan @SULLYCNBC KEY POINTS Oil storage reaching capacity isn’t the only thing that could send prices into negative territory again. The Chicago Mercantile Exchange recently raised its margin requirements for forward oil contracts, which could trigger selling when key levels are reached. S&P Dow Jones Indices said that all of its commodity indices will roll out of the June oil contract and into July, joining the United States Oil Fund which is also rolling out of the June contract. Premium: oil pump derrick worker 150423 Martin Divisek | Bloomberg | Getty Images It’s not all about storage. Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, two other happenings right now which are wonky but important and could send oil price

Before change in FDI rules, Chinese invested millions in Indian tech firms Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies Sai Manish  |  New Delhi  Last Updated at April 24, 2020 17:09 IST Tiny URLAdd to My PagePrint Email 1654 The Narendra Modi-led central government has announced some foreign direct investment (FDI) restrictions apparently targeted at China, but it may have shut the stable door long after the horses bolted, shows an examination of recent investments in top Indian technology companies. Business Standard examined investments made in companies like Byju’s, Paytm, Zomato, Ola, Swiggy and Oyo — some of the so-called unicorns, or start-ups with valuation of over $1 billion — and found that the Chinese put big money for significant stakes in them between January and April 2020. ...

With FDI move, India can now trade with China from a position of strength India's trade deficit with China was about $57 billion in 2019. New Delhi may not be able to put transactions with Beijing on hold forever. SESHADRI CHARI 24 April, 2020 12:42 pm IST Representational image | PTI (Representational image) Mask of Chinese President Xi Jinping| PTI Text Size: A- A+ The Narendra Modi government’s move to revise India’s policy regarding Foreign Direct Investment comes close on the heels of Congress leader Rahul Gandhi’s appeal to protect Indian companies from opportunistic takeovers during the current economic crisis brought upon by the coronavirus pandemic. By taking control of the ‘approval’ part, instead of allowing investments automatically from countries like China whose economic model seems to have collapsed, New Delhi has opened a window of opportunity to trade with Beijing on new terms and from a position of strength. It would augur well for India’s democracy if t

The Great Wall against China: Understanding India's new foreign investment rulesChina had recently decided to up stake in HDFC Bank to 1 per centWeb Desk April 23, 2020 07:39 IST India-China-diplomacy-relationship-India-China-shut The finance ministry on Wednesday notified changes in FDI (Foreign Direct Investment) rules which mandate "prior approval" from the Centre for foreign investments from countries "that share border with India", a move that is widely considered a hedge against Chinese takeover of domestic firms that are struggling because of the COVID-19 economic downturn. China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar and Afghanistan are the countries that share a land border with India. China dubbed India's new rules as "discriminatory" and against the WTO's principles on free trade. Out of all the neighbouring countries, China undoubtedly leads in investments. According to the DPIIT data, India received FDI from China wort

Trump thanks China for providing medical supplies  Xinhua, March 27, 2020 The United States is grateful for China's provision of medical supplies for its fight against the COVID-19 epidemic, U.S. President Donald Trump said in a phone conversation with his Chinese counterpart, Xi Jinping, on Friday Beijing time.

Trump thanks China’s Xi Jinping for handling of coronavirus PUBLISHED FRI, JAN 24 20205:05 PM ESTUPDATED FRI, JAN 24 20205:28 PM EST Tucker Higgins @IN/TUCKER-HIGGINS-5B162295/ @TUCKERHIGGINS KEY POINTS President Donald Trump thanked Chinese President Xi Jinping for his country’s handling of the coronavirus, shortly after American health officials confirmed a second case in the United States.  “China has been working very hard to contain the Coronavirus,” Trump wrote in a post on Twitter. “The United States greatly appreciates their efforts and transparency. It will all work out well. In particular, on behalf of the American People, I want to thank President Xi!” GP: Coronavirus Death Toll And Number Of Cases Climbs In China - 106354168 An electrician sets up wiring while workers drive excavators at the construction site of a field hospital on January 24, 2020 in Wuhan, Hubei Province, China. Getty Images President Donald Trump thanked Chinese President Xi Jinping for his

2019 Military World Games From Wikipedia, the free encyclopedia Jump to navigation Jump to search 2019 Military World Games Wuhan Military World Games logo.png Host city Wuhan, Hubei Province, China Motto Military Glory, World Peace (创军人荣耀 筑世界和平) Nations participating >140 Athletes participating 9,308 Events 316 events in 27 sports Opening ceremony 18 October 2019 Closing ceremony 27 October 2019 Officially opened by General Secretary and President Xi Jinping[1] Athlete's Oath Yuan Xinyue Judge's Oath Wen Keming Main venue Wuhan Sports Center Website en.wuhan2019mwg.cn <  2015 Mungyeong 2023  > The 2019 Military World Games, officially known as the 7th CISM Military World Games and commonly known as Wuhan 2019, was held from October 18–27, 2019 in Wuhan, Hubei, China.[2][3] The 7th Military World Games was the first international military multi-sport event to be held in China and also it was the largest military sports event ever to

Donald Trump warns of consequences if China is 'knowingly responsible' for coronavirus 3 min read   .   Updated: 19 Apr 2020, 08:50 AM IST Jeff Mason and Matt Spetalnick   , Reuters Trump and senior aides have accused China of a lack of transparency after the coronavirus broke out late last year in its city of Wuhan Donald Trump has said his government is seeking to determine whether the virus emanated from a Chinese lab Topics Coronavirus US President  Donald Trump  warned China on Saturday that it should face consequences if it was "knowingly responsible" for the  coronavirus pandemic , as he ratcheted up criticism of Beijing over its handling of the outbreak. "It could have been stopped in China before it started and it wasn't, and the whole world is suffering because of it," Trump told a daily White House briefing.

When the 1897 bubonic plague ravaged India 8 min read . Updated: 26 Apr 2020, 10:17 AM IST Aanchal Malhotra A historian with a personal connection to plague duty writes on the parallels between the 19th century bubonic plague and covid-19 Topics covid19plague On 23 September 1896, the first “official"case of the bubonic plague in India was reported by an Indian physician named A.G. Viegas from a house near Masjid Bridge in Mandvi district, Bombay Presidency. The patient was suffering from high fever and large tumours. Other symptoms included swollen lymph glands and eventual gangrene in the extremities, such as toes, fingers, lips and nose. Without treatment, the patient would succumb within days. Originating in Yunnan, China, the plague—caused by the bite of infected fleas in rodents, or contact with the carcass of an infected rodent in humans—travelled across the country to Hong Kong, from where it arrived in British India and the rest of the world, through trading sh

How a media-distracted Trump ended up derailing his own briefing Kevin Liptak-Profile-ImageKaitlan Collins byline By Kevin Liptak and Kaitlan Collins, CNN Updated 1702 GMT (0102 HKT) April 25, 2020 Birx reaction Trump disinfectant vpx_00000000 US senator makes terrible tuna sandwich stuck at home FDA exterior griffin dnt lead 04242020 House Dems investigating unproven Covid-19 antibody tests jill biden new day 4/24 Jill Biden: I'd love for Michelle Obama to be VP pick Trump Dr. Gupta shuts down Trump's medical claim Town hall FDA commissioner weighs in on Trump's disinfectant claim Trump says he disagrees with Dr. Fauci on testing john harwood great depression level suffering sot vpx_00000000.jpg Harwood: Job numbers show 'Great Depression-level suffering' Gov. Cuomo calls out McConnell for 'Blue State Bailout' comment Birx reaction Trump disinfectant vpx_00000000.jpg See Dr. Birx's reaction to Trump's dangerous suggestion (

Debacle of Trump's coronavirus disinfectant comments could be tipping point The US president plans to ‘pare back’ his daily coronavirus briefings after falsely claiming his suggestion to inject cleaning products had been ‘sarcastic’ Coronavirus – latest US updates Coronavirus – latest global updates See all our coronavirus coverage A grim-faced Donald Trump arrives with Vice-President Mike Pence to address and uncharacteristically curt coronavirus taskforce media briefing on Friday. A grim-faced Donald Trump arrives with Vice-President Mike Pence to address and uncharacteristically curt coronavirus taskforce media briefing on Friday. Photograph: Drew Angerer/Getty Images David Smith and Kari Paul Published onSat 25 Apr 2020 14.07 BST 5,632 For Donald Trump, it was the strangest and most news-making thing he could have done: instead of taking questions from journalists, dominating the nation’s airwaves yet again, the US president gave a short pre-written statement and t

Ahmedabad Will Have 8 Lakh COVID-19 Cases By May End At Current Rate Of Increase: Official The Ahmedabad Municipal Commissioner stressed that the doubling rate must be brought down before the lockdown comes to an end on May 3 Outlook Web Bureau25 April 2020 Facebook Twitter Google + Linkedin Whatsapp Ahmedabad Will Have 8 Lakh COVID-19 Cases By May End At Current Rate Of Increase: Official COVID-19 suspects of a residential society being taken to a quarantine centre during a nationwide lockdown to slow the spreading of coronavirus, in Ahmedabad.  PTI Photo The number of COVID-19 patients in Ahmedabad city of Gujarat may grow to eight lakh by the end of May if the current four-day period of doubling of such cases continues, an official said on Friday. Till Friday evening, Ahmedabad district reported 1,821 coronavirus positive cases, the highest in Gujarat. "At present, the rate of doubling of cases in Ahmedabad is four days, which means that cases double every four days