In view of the G20 Summit, Delhi Chief Minister Arvind Kejriwal has announced that all schools and offices in the national capital will be closed on September 8, 9 and 10. During this period, even the markets within the ‘controlled zone’, which is mostly located in New Delhi, will remain closed. Chief Secretary Naresh Kumar
Top economist Kenneth Rogoff says China’s economic troubles are the result of a debt bubble that started in 2008 – and money used to prop up growth over the past decade is now hitting back. A Harvard professor wrote an op-ed for Project Syndicate last week pointing to a “debt supercycle” that started in the
In the hotel sector, the covid pandemic hit hard causing travel to halt. However, these hardships led to some necessary cost rationalization by improving digital efficiencies, which is helping the hotels industry grow faster and surge its demand. The sector has grown for the last four quarters due to a recovery in leisure and business
The Gujarat police recently arrested a Chinese man and his partners in connection with a football betting app scam of digital deception. Within nine days, the group allegedly stole approximately Rs 1,400 crore from about 1,200 people. During his stay in India between 2020 and 2022, Woo Uyanbe, a Chinese national from the Shenzhen region,
As per UBS’s Global Wealth Report, India’s wealth per adult has grown 8.7% per annum since the beginning of the millennium and was $16,500 at the end of 2022. A global average wealth per adult is $84,718, so India has a lot to catch up on. As a result, the average wealth in China is
On Monday, the ruble crashed to less than a penny, prompting Russia to consider more extreme measures to support it. Bloomberg reported that Kremlin officials discussed requiring companies to sell export revenue. During a meeting between the government and Russian exporters, which are among the country’s few remaining foreign exchange sources, the proposal was discussed.
In Himachal Pradesh, 21 people were killed in rain-related incidents, while heavy downpours in Uttarakhand led to landslides and swelling of the river Beas. A total of 21 people have died in rain-related incidents in Himachal Pradesh landslides, according to Chief Minister Sukhvinder Singh Sukhu. An official said a cloudburst hit Jadon village late on
According to ISRO, Aditya-L1, the first Indian observatory to study the Sun from space, will be launched soon. According to an update from the Bengaluru-headquartered national space agency, the satellite, which was developed at the U R Rao Satellite Centre here, has arrived at ISRO’s spaceport in Sriharikota in Andhra Pradesh. Usually the first week
Prime Minister Narendra Modi called for a “change in mentality” towards women and urged citizens to combat misogyny. He condemned rapes and crimes against women in India in his first Independence Day speech as prime minister in 2014, saying “when we hear about these rapes, our heads hang in shame”. According to him, our behavior
The China is experiencing deflation for the first time in almost two years, yet another sign that Beijing might need to introduce stimulus measures to revive its stuttering economy. According to data from the National Bureau of Statistics, the consumer price index (CPI), which measures the cost of an average shopping basket, fell 0.3% in
