Yet another effort to reach a consensus on the Women's Reservation Bill failed to make any progress with two major political parties staying away from an all-party meeting here today and others opposed to the measure sticking to their guns.
Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
Analysts are divided on their retail price inflation forecast, with some saying the first quarter numbers will overshoot the RBI target by as much as 60 bps while others are softer in their estimate. Consumer price inflation retreated from its 15-month peak of 7.4 per cent in July to 6.8 per cent in August, much lower than the market expectations, despite vegetable prices remaining elevated at 26.1 per cent. Food inflation eased to 9.9 per cent from 11.5 per cent, led by some cooling of inflation in vegetables, cereals, pulses and milk.
The all-party meeting aimed at reconciliation and conferring full powers to Sri Lanka's provincial councils will be reconvened in a month after initial deliberations on Wednesday failed to yield any agreements, party officials said on Thursday.
Lashing out at the opponents of labour reforms, particularly the Congress, the government on Tuesday sought political consensus on the vital issue to enable Indian industry become competitive worldwide and augment its position in the global
The Congress president during his year at the helm of the party has repaired the citadel for far more challenging years ahead, and played a crucial role in shaping the Opposition alliance.
The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses. Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments. Bharatiya Janata Party's (BJP's) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.
A five-judge constitution bench headed by Chief Justice DY Chandrachud had on May 11 reserved its verdict on the pleas after a marathon hearing of 10 days.
InterGlobe Aviation, the operator of India's leading airline IndiGo, delivered a better than expected performance across most parameters in Q2FY24. The company posted its fourth consecutive quarter of net profit of Rs 188 crore. It had reported a loss of Rs 1,583 crore in the same quarter a year ago.
In a major initiative to deal with the unrest in Kashmir, Prime Minister Manmohan Singh said on Tuesday that the Centre was willing to consider autonomy for the state within the ambit of the Constitution.
The government said on Wednesday a consensus was needed quickly to pass a business-friendly land reform law
Despite multiple headwinds at the start of 2023, the Indian markets delivered a strong performance, posting 19-20 per cent growth for the year. Even as new records were set, investor sentiment remains strong going into 2024, given the lower inflation, expectations of steady to lower interest rates, higher economic growth, and strong inflows. However, the overriding concern for most brokerages is valuations.
Modi said this is the time for peace and brotherhood, and time to move forward together.
The Maratha quota matter snowballed into a major challenge for the state government after the police earlier this month baton-charged a violent mob at Antarwali Sarati when protesters allegedly refused to let authorities shift Jarange to hospital.
'AI may perform tasks, but deep expertise and specialisation remain uniquely human.'
According to a senior Congress leader, the constituents of the opposition alliance intend to move forward with the theme "Main Nahin, Hum (We, Not Me)" at the meeting.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
Interacting with representatives from NGOs, Congress leader Rahul Gandhi on Monday asked opposition parties to fix a date to help government pass bills on which there is general consensus.
Against the backdrop of riots in Muzzafarnagar, Minorities Affairs Minister K Rahman Khan on Wednesday said the Centre would try to build consensus among political parties to get the Anti-riot Bill passed in Parliament.
Consensus eluded the Parliamentary panel on Lokpal on the issue of including the prime minister within the ambit of the ombudsman with a majority opposing the suggestion, saying it could lead to complications while some others favoured it with riders.
There have been growing global concerns over China's sweeping claims of sovereignty over all of the South China Sea, a huge source of hydrocarbons.
The Pakistan Cricket Board on Thursday held a review meeting of their woeful Asia Cup show in the wake of their World Cup squad announcement.
Consensus continued to elude the Women's Reservation Bill which is unlikely to see the light of the day during the current session of Parliament.
India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.
Roads are being expanded, bridges are being built, hotels are springing up, and the crowds are pouring in. Bringing with them promise of unforeseen economic boom. Ayodhya, it seems, has opened up its heart, Saisuresh Sivaswamy/Rediff.com discovers on his first day in the city.
The resolution recognised the contribution of sports in creating an atmosphere of tolerance and understanding among peoples and nations, its role to prevent and counter terrorism and violent extremism and its contributions to building resilience against radicalisation to violence and terrorist recruitment.
Crude and gas supply concerns have eased amid reports that Israel and Hamas have struck a peace deal. The International Energy Agency estimates oil demand may drop slightly in calendar 24 but Opec probably has enough pricing power to maintain $80/ barrel Brent prices. Russia's share of India's crude imports remained strong at about 35 per cent in September 2023.
'The succesfully conduct of the global event would have filled the Indians with pride'
The trend of players plying their trade in overseas leagues right after their retirement from international cricket or IPL has irked the board.
Mohan said bilaterally also, India is working with countries like the United States.
India's role as a leader of the global south may require it to give up its ambition to serve as a bridge between the warring halves of the international community, points out Mihir S Sharma.
The Biju Janata Dal will not oppose the government simply for the sake of opposing it, BJD Member of Parliament Bhratruhari Mahtab tells Aditi Phadnis.
Beleaguered Egyptian President Mohammed Morsi on Wednesday refused to quit and offered a consensus government to end a standoff with the powerful military, as the 48-hour deadline for him to meet people's demands expired with both sides pledging to sacrifice their lives to defend the country.
It's the first time in my memory that I have seen a negative expected return for equities, notes Akash Prakash. Hopefully, this implies the consensus is being too negative, and markets, as usual, will surprise everyone and deliver the least likely outcome.
The original suggestion was to call it 'Indian National Democratic Inclusive Alliance', but the word 'democratic' was replaced with 'developmental' after Kumar and Yechury raised some objections saying it sounded too similar to the ruling National Democratic Alliance (NDA), sources said.
In an apparent reference to the Left parties' opposition to the Indo-US nuclear deal, National Security Adviser M K Narayanan on Wednesday said the lack of consensus on the issue was hampering efforts to become a part of nuclear mainstream and needed an early resolution. He said opposition to the nuclear deal within the country is driven by 'considerations' other than the factors like non-proliferation cited by some members of the international community.
The government will seek the "broadest possible consensus" within the country to enable the next steps to be taken on the Indo-US nuclear deal, Prime Minister Manmohan Singh said in the Lok Sabha on Wednesday. "We are presently engaged in negotiations with the International Atomic Energy Agency for an India-specific safeguards agreement," the prime minister said. ". I believe that such co-operation is good for us, for our energy security and for the world," he said.
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