'What would we feel if we found the world behaving the way it has?' 'Forced to fight our own prolonged battle; nobody from outside really demanding that the war end or actively working to make it end, and above all, a completely toothless United Nations reduced to pleading for a halt to the violence,' notes Shyam G Menon, exactly a month after Vladimir Putin ordered the invasion of Ukraine.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
'Even if the government does not implement an all-India NRC before 2024, it will be part of the party's long-term project.'
A seven-year-old boy was killed and another child injured in a crude bomb explosion in Burdwan city in West Bengal on Monday, triggering tension in the area ahead of the elections amid a political war of words over the law and order situation in the state.
Hundreds of farmers, chiefly from Punjab, Haryana and Uttar Pradesh, continue to encamp Singhu, Tikri and Ghazipur border points of Delhi despite "a few" of them being removed after testing positive for COVID-19 and some symptomatic protesters undergoing medication.
The ad for a 'lehnga' brand featuring Bollywood star Alia Bhatt as the much indulged daughter and granddaughter has fired debate on social media platforms and elsewhere on the age-old tradition of giving away the daughter.
Asked whether the SAD would pull out of the National Democratic Alliance as well, Harsimrat said it was for the party to decide and a collective decision would be taken on the issue by all senior leaders together.
'While the country has been hit hard from a strong second wave of Covid, we believe the markets are willing to look through that.'
A weaker rupee could aid corporate earnings through its positive impact on export intensive sectors such as information technology services, pharmaceuticals and commodity producers such as metal and mining, and oil and gas companies.
It is hard to escape the feeling that solving the problems of 2020 and 2021 will require something special which at the moment is not on view, observes Aakar Patel.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
As the next step in futures market, traders can consider putting CEOs, bollywood stars and cricketers up for trading in the market.
With farmers on Thursday blocking railway tracks across the country, at stations big and small, protesters at Singhu said it proves that the agitation is not just limited to Punjab and Haryana.
'They should decide their allocation based on their risk appetite and age, and not valuations.'
He is not good at thinking through laws and policies. His lockdown produced chaos and misery and didn't stop Covid. His GST finished off thousands of companies and reduced the amount of tax government collects to such an extent that he cannot pay state governments any more, observes Aakar Patel.
Finding itself trapped in a cul de sac, all things considered, a negotiated climbdown at this juncture seems the only sensible course available for the Centre, suggests Virendra Kapoor.
Pakistan will buy sugar and cotton from India, newly appointed Finance Minister Hammad Azhar announced on Wednesday, lifting a ban on their import from the neighbouring country imposed in the wake of heightened tension over Kashmir in 2019. The decision was taken at the meeting of the economic coordination committee (ECC), which was chaired by Finance Minister Azhar.
High inflation print is the price that the Reserve Bank of India (RBI) will have to pay to nurse a fragile growth back, say economists. Wholesale Price Index-based inflation rose to a record high of 12.94 per cent in May, aided by low base effect, but also because of higher fuel and commodity prices. Retail inflation, too, surprised by rising to 6.30 per cent, while the core inflation, which is the non-food and non-fuel component, rose to an 83-month high of 6.55 per cent. These numbers are much above RBI's upper limit of 6 per cent inflation target, but there is very little that the RBI can do at this moment.
The West Bengal on Thursday became the sixth state to pass a resolution against the three contentious farm laws enacted by the Centre, even as the opposition Bharatiya Janata Party staged a walkout from the assembly amid 'Jai Shri Ram' slogans.
The bench said it was of the prima facie opinion that the petitioner has a case in and the Transport Department of the Delhi government could not issue the notification as the LG was the competent authority.
'The more retail investors keep away from speculative activity, the more they will manage their risks better.'
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
Any market correction, analysts say, would be an attractive entry point for risky assets, which should do well over the medium-to-long term.
Emotions ran high as the farmers performed ardas (prayers) and havan to thank the almighty and started their 'victory march' from Singhu, Tikri and Ghazipur protest sites to Punjab, Haryana and Uttar Pradesh in convoys of tractors, bedecked with colourful flowers and lights and blaring songs of jubilation.
Standing by his cycle, the 36-year-old from Punjab Moga's district said he could have taken a bus or a train to Delhi, but that could mean his family would have to go hungry.
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
In countries such as Venezuela and Syria prices are doubling every year.
As the growth figures relate to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector, when acute supply disruption led to sharp drop in prices of many commodities largely perishables impacting farmers.
A dedicated physical gold exchange could lead to standard gold pricing in India.
'A perception has been built in our country that whatever Modi says you cannot challenge that.'
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
India's industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021. Retail inflation rose to 5.52 per cent in March, mainly on account of higher food prices, government data showed on Monday. The consumer price index (CPI) based retail inflation stood at 5.03 per cent in February.
Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April.
A clear message was that the ongoing seven-decade-old model of agriculture, based on extensive reliance on subsidy by the government at every stage, was not going to work, said NITI Aayog vice-chairman Rajiv Kumar.
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
'It has the potential to add half a trillion dollars to the economy over the next five years.'
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
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