It would be a travesty to waste the opportunities made possible by the Kartarpur corridor plan Ties between India and Pakistan are at an ebb — their lowest in two decades. The thread from this phase, as a series of events — the Kargil war (1999), the Agra Summit (2001), …
Read More »Yearly Archives: 2019
Post Acharya’s exit, RBI rejigs portfolios
With Deputy Governor of the Reserve Bank of India (RBI) Viral Acharya demitting office on Tuesday, the central bank has allocated his portfolios to other Deputy Governors. Deputy Governor B.P. Kanungo gets the all-important monetary policy department, which means he will be a member of the six-member monetary policy committee …
Read More »‘Data breaches cost firms dear’
Each employee lost Rs. 5,019 on lost data, stolen record: study Data breaches have cost Indian enterprises Rs. 12.8 crore on an average during the first half of calendar 2019, a 7.29% increase compared with a year ago. Each employee incurred a loss of Rs. 5,019 on account of lost …
Read More »Recoveries help IOB narrow loss
Lender trims loss Rs. 342 crore from Rs. 919 crore, also aided by lower provisioning Public Sector Indian Overseas Bank’s (IOB) net loss for the first quarter ended June 2019 narrowed to Rs. 342 crore from the Rs. 919 crore reported during the corresponding quarter last year, on lower provisioning …
Read More »IMF cuts India’s growth forecast for 2019-20 to 7%
Cites weaker-than-expected outlook for domestic demand The International Monetary Fund (IMF) has cut India’s growth forecast for 2019-20 to 7% from its forecast in April of 7.3% on poor demand conditions, it said on Tuesday. The IMF’s World Economic Outlook July update also cut India’s growth forecast in 2020-21 to …
Read More »U.S. should clarify Trump’s remarks: Ghani
Afghan President Ashraf Ghani said on Tuesday the U.S. should clarify remarks President Donald Trump made about Afghanistan, including a claim that he could win the war in 10 days but didn’t “want to kill millions”. Mr. Trump made the statements on Monday while meeting with Pakistan PM Imran Khan, …
Read More »Trump attacks Mueller ahead of testimony
President Donald Trump attacked Robert Mueller on Monday, even as he insisted he would not watch the special counsel’s potentially damaging Congressional testimony this week about the two-year Russia investigation. Two days before Mr. Mueller testifies — answering questions for the first time about his high-stakes probe into Russian election …
Read More »A legacy dominated by Brexit failure
May had promised stable leadership Theresa May had a mission to fight Britain’s “burning injustices” through strong and stable leadership — but her legacy as Prime Minister will be anything but. The Conservative premier’s turbulent time in office was swamped and ultimately sunk by her legacy-defining battle to secure a …
Read More »Johnson the Brexiteer vows to seal divorce deal
‘We are going to deliver it on October 31, take advantage of all the opportunities it will bring, and defeat Jeremy Corbyn’ Boris Johnson, the Brexiteer who has promised to lead Britain out of the EU with or without a deal by the end of October, will replace Theresa May …
Read More »Surprised by Indian stand, says Imran
Pakistan Prime Minister Imran Khan on Tuesday said he was “surprised” over India’s reaction to U.S. President Donald Trump’s offer of mediation for resolving the Kashmir issue which, according to him, had held the subcontinent hostage for 70 years. India has not been engaging with Pakistan since the attack on …
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