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AI May Lead To Flattening Of Pay Structure: IMF's Gita Gopinath

Ms Gopinath also said China's growth projection has been downgraded slightly. Marrakech: As the lingering effects of the Covid pandemic and the Russia-Ukraine war continue to be felt, it's been a challenging few years for the global economy, but there are rays of hope as well. In an exclusive interview with NDTV in Marrakech, the International Monetary Fund's Gita Gopinath spoke about the macroeconomic stability in India, the headwinds in China, artificial intelligence, extreme weather events and how all of these will impact the trajectory of the world economy in the coming years. Speaking on the sidelines of the 2023 World Bank Group - IMF Annual Meetings, the First Deputy Managing Director of the IMF also spoke about the impact of the conflicts between Israel and Gaza and Russia and Ukraine on oil prices and food security.  Boundless Potential, Some Concerns Emphasising that it is early days to assess the true potential of artificial intelligence, Ms Gopin...

Annular Solar Eclipse Is Underway. See First 'Ring Of Fire' Video

The 'Ring of Fire' is also known as annular solar eclipse. The first pictures of the moon passing between the Sun and the Earth in a so-called "ring of fire" solar eclipse are coming in and the views are amazing. Taking to X (formerly Twitter), US space agency NASA shared a live stream of the phenomenon. It showed the moon starting to cover the Sun, leaving a brilliant ring of sunlight visible and giving it a "ring of fire" effect.  "We're getting our first views of the "ring of fire"! Here's a look at the annular solar eclipse from Albuquerque, N.M., as the Moon nearly (but not completely) covers up the Sun," NASA wrote on X.  Take a look below:  We're getting our first views of the "ring of fire"! Here's a look at the annular solar eclipse from Albuquerque, N.M., as the Moon nearly (but not completely) covers up the Sun. pic.twitter.com/SCW8r77FG4 — NASA (@NASA) October 14, 2023 NASA is also live-str...

"It's Personal For Us": White House On Israel-Gaza War

The Hamas attack on Israel has caused emotions to run high at the White House. (File) Washington: The Hamas attack on key US ally Israel has caused emotions to run high in a place better known for the steely exercise of power -- the White House. President Joe Biden has given several strongly worded speeches pledging support for Israel since Saturday's assault by the Hamas group, and at one point pounded on a lectern to make his point. Emotion got the better of a senior White House official who choked up on live television as he discussed the attacks. Joe Biden's national security advisor admitted the crisis was "personal for us." The unusually open displays reflect deep anger in the White House over the attacks, which killed more than 1,200 people, as well as its long-standing ties with Israel. In contrast, the White House's reaction to the fate of people in Gaza after more than 1,530 people were killed in a week of Israeli strikes has been more muted. A...

Amid War, US Defence Chief To Visit Israel Today To Meet Netanyahu

US Defence Chief Lloyd Austin will also meet Israeli defence officials during his visit. Washington: US Defence Secretary Lloyd Austin will visit Israel Friday and meet with Prime Minister Benjamin Netanyahu as the country reels from a devastating attack by Hamas militants that has left thousands dead, an American defence official said. Austin's trip -- which follows a visit to Israel by Secretary of State Antony Blinken -- will also include meetings with defence officials and the country's emergency government, the US official said Thursday. Hamas gunmen killed 1,200 people in Israel and took about 150 hostages in their surprise onslaught from Gaza on Saturday. Israel has retaliated by raining air and artillery strikes on Hamas targets in Gaza for six days, claiming over 1,350 lives. Washington responded by sending an aircraft carrier and other warships to the eastern Mediterranean and promising munitions and other equipment to Israel. Austin told journalists in Bruss...

RSS Chief Says "Bharat" Has Been A Secular Nation For 5,000 Years

Mohan Bhagwat said seers created 'Bharat' for the welfare of the world. T New Delhi: RSS chief Mohan Bhagwat on Wednesday said 'Bharat' has been a secular nation for 5,000 years and called upon people to remain united and present the best example of human behaviour before the world. Addressing an event organised to launch a book, 'Prithvi Sookta - An Ode To Mother Earth', authored by senior RSS functionary Ranga Hari, Mr Bhagwat appealed to people to have devotion, love and dedication for their motherland, saying, "We consider motherland as an essential component of our national unity." "Our 5,000-year-old culture is secular... In all 'tatva gyan' (knowledge of elements), this is the conclusion. The whole world is one family, this is our feeling. This is not a theory... know it, realise and then behave accordingly," the RSS chief said. "There is so much diversity in the country. Don't fight with each other. Make your c...

Erdogan In Talks With Hamas For Release Of Israeli Hostages: Report

Turkish President Recep Tayyip Erdogan has launched a negotiation process with Hamas. Istanbul: Turkish President Recep Tayyip Erdogan has launched a negotiation process with Hamas for the release of Israeli hostages  kidnapped by the Palestinian militants, an official source told AFP on Wednesday. "They are negotiating to secure the release of the hostages," the source said, confirming a report by the private TV channel Haberturk. Dozens of people have been taken hostage during Hamas's surprise attack on Israel. The Turkish President, who has offered to mediate to restore peace, has been stepping up talks with his Middle Eastern counterparts. Late Wednesday he spoke with Saudi Arabia's Crown Prince Mohammed bin Salman and Algerian President Abdelmadjid Tebboune, the Anadolu state news agency reported. It quoted Erdogan saying that on behalf of Turkey, "we are ready to do everything in our power", including mediation and "fair arbitration...

"Increased Workload": Ajit Pawar Quits as Director Of Cooperative Bank

Mr Pawar cited increased responsibility in the party as one of the reasons for resigning. Pune: Maharashtra Deputy Chief Minister Ajit Pawar has resigned as a director of the Pune District Central Cooperative (PDCC) Bank, said a statement released by the bank on Tuesday. Mr Pawar decided to step down as a director citing increase in the workload after becoming deputy chief minister and increased responsibility in his party, said the bank's chairman Dr Digambar Durgade. The Nationalist Congress Party leader was a director of the bank since 1991, and under his leadership, it made remarkable progress and became the number one bank in the cooperative sector in the country, the bank said in the statement. When Mr Pawar became a director, the bank's turnover was Rs 558 crore and now it stands at Rs 20,714 crore, it said. Ajit Pawar had split the NCP headed by Sharad Pawar in July this year when he joined the Shiv Sena-BJP government in the state. (Except for the headline, t...