A combination of externalities such as global trade wars and slowing growth, continuing glitches in accessing offsets under the GST regime, which has created a liquidity crunch for smaller exporters, and the growing competitiveness of smaller countries are causing the slowdown.
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.
'The rate of transmission of COVID-19 in Hong Kong was 0.7 -- anything below 1 suggests the epidemic is receding.' 'The city-State achieved this without the de facto police-State curfew that India has resorted to,' says Rahul Jacob.
'He is seeking to harness the power of Indian Diasporas to national (support for India in global capitals) and political (enhance the Bharatiya Janata Party's support base) ends.'
Jaitley said among various reforms labour laws will remain a challenge.
'The previous (Congress) government at least did not veto provisions of the cattle laws.' 'The BJP is actively weakening the provisions.' 'The BJP government tried to export goats from Nagpur for slaughter to the Middle East.' 'The whole country was aghast and offended. We are a country of Ahimsa.' 'The BJP has incentivised the butcher industry so meat export has gone up, live animal export has gone up, leather export is on the rise, smuggling has gone up.'
The death toll also saw a record single-day increase of over 350 fatalities to move closer to the 8,500-mark, more than one-third of which have been recorded in 11 days since June 1 -- the day that marked the beginning of a phased exit from most restrictions imposed under a nationwide lockdown with effect from March 25.
There is mounting evidence that the Information Revolution may mean the end of large-scale vertically integrated businesses whose guiding principle, "economies of scale", was the defining miracle of the Industrial Age.
'We are against Alibaba investing in Paytm.' 'We are against the concessions given to Paytm.' 'In fact, we want Paytm to close down because of its alliance with Alibaba.'
The biggest lesson China can teach India is that when it comes to sustaining a love affair with investors, nothing works better than an undervalued currency and its by-product: a current-account surplus.
'The heart of the matter is that India is not Israel.'
International Olympic Committee (IOC) Vice President John Coates has urged Tokyo to consider moving more events to venues outside the capital, including one hundreds of kilometres away, in a bid to rein in spending for the 2020 Summer Games.
This week's collection of unbelievably unusual images from across the world.
A bandh to protest against the release of Cauvery waters to Tamil Nadu has brought Karnataka to a standstill on Friday
Protectionist and exclusionary FTAs weaken multilateralism.
Creating many more half-decent jobs for the 10 million plus new entrants to the labour force each year must surely constitute the primary development challenge for India today.
News of all that's transpired on and off the football field
FIFA vice president Prince Ali Bin Al-Hussein has criticised soccer's world governing body FIFA for banning Iraq from hosting home internationals and called upon the organisation to do more for supporters in the Middle East.
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Bata came up with new brands to beat industry competition.
'If you are a slave, nobody has any problem. The conflict starts when you question and ask for equal rights.'
The primary problem is that India's garment factories are too small and they typically have 150 people and about 80 machines.
With its gaze steadily fixed on the well-being of its people, the government is going about taking all the imperative measures that need to be taken to beat back the pandemic, observes B S Raghavan.
There was no farewell goal but plenty of pride and appreciation as Wayne Rooney made his 120th and final appearance for England in a 3-0 win over the United States in a friendly at Wembley on Thursday.
Ten trade unions with a combined membership of 15 crore workers in public and private sector, including banks and insurance companies, are on a nationwide strike to protest against changes in the labour laws.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
India has a long way to go to catch up with Thailand let alone the US.
The more one thinks about it, the more difficult it is to see how India will be able to reap the benefits of a demographic dividend, says Aakar Patel.
BMS, BKS and SJM are trying to forge common cause with outfits on the other side of the ideological divide over the government's policies they are not in agreement with.
Darryl D' Monte, the distinguished enviromental journalist, discusses how the media covers floods in Mumbai or Texas, but ignores Assam or Bangladesh.
Did you know that employers have to pay equal remuneration to its male and female employees who are carrying out the same or similar work?
A mother-daughter duo is working tirelessly to revive the art and empower rural artisans too.
Maharashtra police on Tuesday raided the homes of prominent Left-wing activists in several states and arrested at least five of them for suspected Maoist links. Near simultaneous searches were carried out at the residences of prominent Telugu poet Varavara Rao in Hyderabad, activists Vernon Gonzalves and Arun Farreira in Mumbai, trade union activist Sudha Bhardwaj in Faridabad, and civil liberties activist Gautam Navalakha in New Delhi. Subsequently, Rao, Bhardwaj and Farreira were arrested. Although Navalakha was also arrested, the Delhi high court ordered police not to take him out of the national capital at least until Wednesday. According to unconfirmed reports, others whose residences were raided are Susan Abraham, Kranthi Tekula, Father Stan Swamy in Ranchi and Anand Teltumbde in Goa. The raids were carried out as part of a probe into the violence between Dalits and the upper caste Peshwas at Koregaon-Bhima village near Pune after an event called Elgar Parishad, or conclave, on December 31 last year. Here are their brief profiles:
Ajit Balakrishnan recalls some lessons from the last time people talked of 'convergence' -- the mid-1990s.
West Bengal with its porous borders has turned into an easy transit point and secure hideout for the agents of terror outfits like Jamaat-ul-Mujahideen Bangladesh and Pakistani secret service Inter-Services Intelligence.
'Bhagwat, aware of the advantages of keeping the BJP in power, is wary about the RSS taking steps that would undermine the popular standing of either the PM or the party.'
Include only what is relevant to your application, says Abhishek Kumar, Assistant Professor, School of Management & Labour Studies, Tata Institute of Social Sciences.
A new generation of scholars -- this time, sociologists and anthropologists, who hitherto have been busy with researching social practices of primitive tribes and social structures like India's caste system -- are starting to cast their eyes on the financial sector.
"The RSS is trying to change the nature of India. Other parties haven't tried to capture India's institutions," he said.
'When workers in other industries enjoy protection, why should sex workers not receive similar protection?' 'Sex work should be treated as work and brought under the work schedule of the labour department.' 'We will only end up giving immunity to the pimps and brothels to buy or sell human beings. This will in turn increase trafficking of young women and children.' Rashme Sehgal reports on the debate over legalising prostitution, a bugle in whose favour has been sounded by the new chairperson of the National Commission for Women, Lalitha Kumaramangalam.
