And why markets could give up 25 per cent of all these gains made since March 2020
Investors still seem to have a disinflation bias to their thinking.
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
Here's the full text of President Ram Nath Kovind's address on the eve of 70th Republic Day of India.
The restrictions imposed in March led to a sharp slump in demand from bulk consumers like hotels, restaurants, and roadside tea stalls, as they were forced to shut down. Sales of major milk products such as ice-cream, butter milk, and cheese, which usually spike during summer, also dropped.
'Government is saying that I will not be responsible for ensuring you get MSP but traders and large corporate will be responsible. 'India now is the only country that is saying such things'
Praising Prime Minister Narendra Modi for successfully carrying out the Yoga Day celebrations in Delhi, ally Shiv Sena today said 'commodifying' Yoga will not harm the ancient practice, instead it will increase tourism and generate employment.
With the prices of daily essentials rising, spending on sweets, clothes, crackers, lights and other celebrating items are taking a back seat.
Prices moved up sharply in recent months.
'There has been far too much overconfidence about the size and composition of the Indian consumer economy,' notes Mihir S Sharma.
As common people grope for means to counter the ever-increasing prices of essential commodities, the economists and financial analysts fear that the recent hike in fuel prices would soon push inflation past 9 per cent. In an interview to rediff.com's special correspondent A Ganesh Nadar, Economic advisor to the Tata group Siddhartha Roy, shared his thoughts on the vexing issue of India's inflation.
"Government is not helpless and has means to ensure prices are brought down. More measures -- both administrative and fiscal -- are in the offing to control inflation," Minister of State for Industry Ashwani Kumar told reporters in New Delhi. Iron ore, steel and cement would continue to remain under the government scanner, he said. A series of calibrated measures would ensure that inflation is brought down by at least one percentage point in the next two months, he added.
Even if the GST rate is 18-20 per cent, there would be no average impact on inflation.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
But lower growth numbers in the quarters to come may not mean renewed weakness in the economy at the ground level, says Pranjul Bhandari.
The Rajya Sabha later passed the vote on account and supplementary demands for grants by voice vote enabling the government to meet necessary expenditure pending passage of the Budget by Parliament. With the Upper House approving the vote on account, Parliament on Monday completed the first stage of budgetary exercise for 2008-09. The vote on account was approved by Lok Sabha last week.
The euro climbed 1.3 percent against the yen to 135.60 and added 0.7 percent against the dollar to trade at $1.1115.
'At 23, he has experienced what very few of his age have: Poverty at home, a stint in jail for his student activism.' 'His experience told him that if you want your rights, you have to fight for them.'
The finding is part of a research report by Deutsche Bank
Flour millers want import duty exemption.
Earnings growth is expected to accelerate as lingering toxic effects of note ban ease off and GST settles down. However, stock valuations are high and that means market is also overdue for correction, says Devangshu Datta.
'In 2016, we had De-Mon and in 2017, we had GST.' 'The combined impact of these two started showing up in 2019 and 2020.' 'COVID-19 only added insult to injury.'
Attractively low prices, rising demand and a favourable ratio to gold point to better days ahead for the white metal.
We are entering a period of turbulence, but you can profit off that volatility.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
The Agricultural Produce Marketing Committee Act of a state regulates the purchase of agricultural products, such as cereals, pulses, fruits and vegetables for that region. It hobbles farmers, imposing multiple levies on produce and disallows direct sales to private companies.
The Blair model, used to turn the Labour Party's flagging fortunes around in Britain over a decade back, has come in handy for India's grand old party, which is in search of a winning formula after successive electoral defeats including in Gujarat and Himachal Pradesh.
Do not trust any incoming phone calls or mails that ask you to install any file or programme, warns Niranjan Upadhye, general manager-fraud risk management, Worldline India.
With volatile markets being the trend and interest rates low on return, art seems to have come back as the safest investment option for many, says leading art curators and investment analysts.
Binu Alex, co-founder and editorial director of www.commodityonline.com, in an interview to Syed Firdaus Ashraf/Rediff.com, says demand-supply imbalance arising out of the government's inability to preserve the crop for non-harvesting season is the root cause behind the price rise.
Dow Chemicals, the US-based petrochem giant, may announce its intent of floating a joint venture with Reliance Industries this week.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
It is human tendency to expect returns if you are paying money to buy insurance. However, insurance is not investment. Here are some tips on the mistakes to avoid while buying insurance.
While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future.
India needs to tread cautiously on the growth path.
Contrarian approach to investing works on the foundation of psychology of investors
The chief minister accused the media of "running a misleading and factless campaign" against him and shared on Twitter a full video of the event.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
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