"Now is the time for countries with room in their budgets to deploy -- or get ready to deploy -- fiscal firepower. In fact, low interest rates may give some policymakers additional money to spend," new IMF chief Kristalina Georgieva said.
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
Pinarayi is exploring the potentials of 'socialism with Indian characteristics'. The next five years under Pinarayi's watch will be a transformative period for Kerala's development, observes M K Bhadrakumar.
According to Japanese financial services major Nomura, India's manufacturing PMI remained in the expansion zone but suggested some consolidation after the rapid ramp up of activity in December.
The budget has strong growth impulses and response of the economy is positive.
Haley's endorsement is seen as a big boost for Rubio, but this does not guarantee him a win in South Carolina, despite the fact that the Indian-American is one of the most popular governor's in the state's history.
Barcelona agreed to pay a fine of 5.5 million euros ($6.21 million) to the Spanish authorities to settle a tax fraud case over the transfer of Brazil international Neymar in 2013.
With lakhs of these workers stranded on highways and inter-state bus terminus, the government stepped in and asked states and union territories to immediately set up relief camps for migrant workers and others who are returning to their home states or trying to do so during the nationwide lockdown period.
In less than five months of resuming charge of the finance ministry, Palaniappan Chidambaram has put in place virtually a new team to take charge of the government's fiscal policy management in the remaining months of its tenure. Will the celebrated economists and IAS officers share the required equation remains to be seen.
Analysts tracking Apple said the India results were glimpses of what the company could achieve in emerging markets with a right pricing strategy for its products and local manufacturing.
There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.
If the projections come true, then India would regain the tag of the fastest growing major economy of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019.
'Unless we get the health and economic situations right at the same time, we will not recover.'
It is not just a mere coincidence that the change in the government's response happened when Chidambaram took charge.
Prime Minister Shinzo Abe and Donald Trump talked by phone for about 50 minutes Friday morning and agreed to 'strengthen cooperation' on fighting the novel coronavirus, but did not discuss postponing the Olympics or holding them without spectators, Japanese officials said.
Encouraged by response of foreign investors to PSU stake sale, the government is proposing to raise the disinvestment target to Rs 40,000 crore in the next financial year by selling equity in 20 companies.
The 'terrible' surge of the coronavirus cases in India has severely impacted COVAX's vaccine supply in the second quarter of this year to the extent that there will be a shortfall of 190 million doses by the end of June, according to a joint statement by the WHO, UNICEF, GAVI and CEPI.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
said its consolidated net profit has gone up by 7 pc to Rs 3,708 crore while total income in the October-December quarter rose 8.3 pc to Rs 18,093 crore.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
Dabhol power plant is a lesson on what to avoid while setting up large infrastructure projects.
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RBI's forex swap window for oil marketing companies addresses an urgent issue but what happens when the dollars have to be returned?
While the session will begin with the President's address to the joint sitting of the two Houses, the same day the pre-budget economic survey will be tabled.
India cannot choose its geography and devise regional strategies to dovetail into the Western Indian Ocean hypothesis conceived in the Pentagon, argues Ambassador M K Bhadrakumar.
Ban on purchase of vehicles, except for defence, continues.
The trade deficit is now at $21 billion.
The government, which had set a reserve price of Rs 14,000 crore for pan-India spectrum broadly drawing from the basis used by Comptroller and Auditor General in calculating the loss in the previous sale in 2008, managed a meagre Rs 9,407.64 crore (Rs 94.07 billion) in the auction that lasted barely two days.
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of $483 billion, the lowest of Barack Obama's presidency
Chief Minister MK Stalin has shown that he is cut from a different cloth when it comes to embracing what is current, modern and absolutely necessary. Thus, even while retaining the spirit and content of the pan-Tamil, Dravidian socio-political and socio-economic ideology to the 't', his government has also acknowledged the need to accepting scientifically-proven facts in operational matters, says N Sathiya Moorthy.
The report said efforts to stabilise the economy through monetary policy interventions need to be complemented by appropriate fiscal policy measures.
'All of us have believed in decentralisation. You may not like property taxation, neither do I. My solution is that the Centre does the tax collection, but we can give a matching grant instead of redistribution,' says the outgoing CEA, Arvind Subramanian.
Air India expects to wipe out some red marks from its balance sheet.
After poor response to last month's 2G spectrum sale, a ministerial panel on telecom on Friday decided to lower the base price by 30 per cent for radiowaves in 1800 Mhz band in four circles, which attracted no bidders, for fresh auction this fiscal.
It blamed delay by the Reserve Bank in cutting rates and prop up growth.
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
In April, the World Bank had projected India's GDP would grow at 6.1 per cent in the current financial year and at 6.7 per cent the following year.
The report said inflation is expected to remain below 5 per cent over the two years.
Diwesh Sharan, a deputy director general of ADB, says beside the PPP model and viability gap funding, there is a 3rd option - value capture - to raise funds for India's ambitious infrastructure projects.
'You peel one layer, then another layer, then another, but in the end, you will see that there is no onion inside.' 'This package has been packaged well, but there is nothing much inside the package!'
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