Unlike the previous visit, where TDP MPs accompanied Naidu to meetings, sources termed the current visit as "low profile", with one-on-one meetings with key Union ministers.
The Reserve Bank of India (RBI) has identified "climate shocks" as a risk to food inflation rates and overall price rise while stating that the outlook for the country's economic growth remains bright. In its Annual Report for 2023-24, released on Thursday, the central bank said easing supply-chain pressures, broad-based softening in core inflation, and early indications of an above-normal southwest monsoon meant well for the inflation outlook in 2024-25. "The increasing incidence of climate shocks, however, imparts considerable uncertainty to the food inflation and overall inflation outlook," said the RBI while noting headline inflation moderated by 1.3 percentage points on an annual average basis to 5.4 per cent in 2023-24.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
Reports (not denied by India) that the USA had 'for the first time provided real-time details to their Indian counterparts on the Chinese positions and force strength in advance of a PLA incursion' into Tawang at the LAC in December 2022, helping India thwart China's expansionist designs, show how operationally effective the USA-India friendship has become on the ground. A engaging excerpt from Sreeram Chaulia's must-read new book, Friends: India's Closest Strategic Partners.
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
In the past five years, UP's Opposition remained passive and defensive against the BJP, a trend that does not augur well for the impending battle.
Domestic institutional investors pumped Rs 2.3 trillion into equities during H1 CY24. Of this, mutual funds contributed 80%.
While Nortje missed DC's IPL opener as he was yet to recover fully from a back injury, Ishant just bowled two overs before limping off the field with a twisted ankle.
Conversation should have been behind closed doors
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
'With the deployment of a higher degree of mechanisation, awarding contractual mining to MDOs and operational efficiency, we feel confident of achieving the desired target.'
Passenger vehicle sales in India kicked off on a flat note in new fiscal 2024-25 with 3.38 lakh units sold in April, impacted by high base effect and muted demand due to the ongoing general elections. Dispatches of passenger vehicles from manufacturers to dealers were at 338,341 units in April 2024 as compared to 332,468 units in the same month last year, a growth of 1.77 per cent with major players Maruti Suzuki India, Hyundai and Tata Motors reporting marginal growth in their domestic wholesales.
Vaishali becomes India's 84th Grandmaster, joins brother Praggnanandhaa in elite club
In red-hot form, two-time former champions Kolkata Knight Riders will look to seal an IPL playoff berth for the first time in three years when they take on the struggling Mumbai Indians in their final home match of the season, in Kolkata on Saturday.
A player-of-the-match award in only his second Test, plaudits from the pundits and even a "man crush" from his England counterpart -- India wicketkeeper Dhruv Jurel could not have dreamt of a better start to his international career.
Brokerages believe that the Bharatiya Janata Party's (BJP's) stronger-than-expected showing in state elections reduces political risks for the domestic markets going into 2024. However, after the short-term excitement, the focus will soon shift to earnings, global liquidity conditions, and the interest rate trajectory. "BJP's win in the three state elections is much better than what exit polls suggested and reinforces the consensus expectations of a Modi win in the 2024 national elections with a greater likelihood of 300+ seats for the BJP.
Jay Shah was seen having a light-hearted chat with Kishan and national captain Rohit Sharma.
Jasprit Bumrah's workload might have increased in Mohammed Shami's absence but India's pace spearhead is in a much better shape right now in terms of fitness to handle the rigours of Test cricket, feels former all-rounder Irfan Pathan.
Improved monsoon, solid fiscal performance, and capex push by the public and private sectors augurs well for India's macroeconomic stability and growth, the finance ministry's monthly economic review for June 2023 said. But the report said that while India's domestic fundamentals remain strong, negative cross-border spillovers and adverse global developments could act as a deterrent in achieving the high growth path this financial year. "An improved matching of aggregate supply and aggregate demand in the Indian economy underpins the progress made in the control of domestic inflation and the consequent strengthening of macroeconomic stability," the review said.
With the first week total set to cross Rs 40 crores, this Yami Gautam-Priyamani starrer is already a good success at the box office.
Passenger vehicle sales are expected to experience muted growth in the current financial year.
For someone who likes to stamp his authority over the opponents, Shane Watson's record has been a bit of a bummer.
For someone who likes to stamp his authority over the opponents, Shane Watson's record has been a bit of a bummer.
Gavaskar felt that Rinku's form in the ongoing IPL had to do with him not being included in the main squad.
High-flying Rajasthan Royals will look to continue their winning momentum and consolidate their position at the top when they take on a resurgent Lucknow Super Giants, who would be gunning for revenge at home in an IPL match in Lucknow on Saturday.
'Just think about it. She's a prosecutor, he's a convicted felon. I love that juxtaposition.' 'She's a woman, and she's black and South Asian. He's a white guy who grew up with enormous [wealth].' 'She grew up in a very average, lower middle class/middle class kind of setting with a single mother.'
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
The KKR think-tank might not be unduly worried as their campaign is still at a nascent stage, but they would like to see the first-choice pacer and spinner finding their range at the earliest.
The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. "Core inflation is trending downwards, indicating a broad-based moderation in price pressures... Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
'He is coming off age and doing what is expected of him and he has done really well for India.'
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.
While Modi was given this t-shirt by Biden, Microsoft CEO Satya Nadella, Chairman of Mahindra Group, Anand Mahindra, Apple CEO Tim Cook and External Affairs Minister S Jaishankar could be seen at the event, amongst many others.
Incumbent DMK MP T Sumathy alias Tamizhachi Thangapandian will face-off former Telangana Governor and BJP leader Tamilisai Soundararajan, while the the AIADMK has fielded ex-MP Dr J Jayavardhan, who won from here in 2014.
Through this 6-inch alternative lifeline, hot khichdi was sent to the stranded workers for the first time since they were trapped.
The Tamil Nadu all-rounder, who was part of the team for two Tests during the Test series against Sri Lanka last year, said that sharing dressing room helped him learn a lot.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
Who do you think batted best in the LSG-RR encounter?
Jadeja, Chahar, Harshal, Tushar, Mitchell... Who gets your vote?
