While news on the monsoon front remains bleak (rainfall during June 1 to 17 was 45 per cent below normal), water levels in reservoirs across the country are dwindling, Citi economist Rohini Malkani said on Monday. Earlier this month, Citi revised its FY'10 GDP forecast for India to 6.8 per cent from 5.5 per cent and it raised its view to 7.8 per cent from 6.6 per cent for FY'11 on the back of election results and higher investment growth.
Sports Minister Jitendra Singh was far from impressed as he took stock of India's preparations for next year's Commonwealth and Asian Games in a meeting with SAI officials here and expressed dissatisfaction with the progress made so far.
The government refused on Monday to go ahead with a listed short duration discussion on the ongoing violence in West Bank and Gaza, saying it could impact India's diplomatic ties with Israel and Palestine, both friendly countries.
The banks have asked the court to demand his return and to impound his passport.
Massive capacity additions are required to meet power deficit and rising demand; so the sector seeks the benefit given to mega power projects be extended to 500 to 1000 MW too.
'Unfortunately, the judges chose not to address the issue of whether Hindutva is an appeal to religion.' 'From the moment the judgment is delivered, it is the law of the land.'
With so much bad news, everybody is hunkering down in readiness for Mr Modi's next radical Big Idea, says Kanika Datta.
Leaving behind the bashing they suffered in the opening match, Indian bowlers bowled with supreme control to bundle out West Indies for 143 in the second and final Twenty20 international in Florida on Sunday. Leg spinner Amit Mishra (3/24) provided the opening breakthrough by dismissing Johnson Charles (43) and R Ashwin then combined with paceman Jasprit Bumrah to tighten the noose around the West Indies with regular strikes.
The global economic slowdown has had its impact on India's export growth, which slowed to 10.4 per cent in September to $13.74 billion.
Data spanning the years 1951 to 2014 show that temperature and pressure conditions at specific locations in the Arctic region during the pre-monsoon period correlate with the Indian summer monsoon rainfall, points out Charu Bahri.
"The outlook for exports in 2008-09 may not be as bright as in the past few years with lower projections in world GDP and world imports and exchange rate developments," according to the pre-Budget Economic Survey tabled in Parliament.
Talking about opposition by the Left parties to the growing ties with Washington, the Prime Minister's envoy said, "Whatever be the reservations that have been expressed about our relations with the US, no other friendly country, member of the NSG has the necessary standing to lead the process of opening up the existing multilateral regime to accommodate India".
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
Lower crude oil prices would impact India's inflation, CAD.
Rajan said investments should return after initial investor worries over Brexit.
Will the rupee keep falling in value against the US dollar? What will be its impact?
'Now is the time for India, our biggest neighbour and oldest friend, to bring the full array of international policy instruments to bear.'
The moves by the RBI, announced late on Wednesday, should increase supplies of gold and brighten the earnings outlook for jewellery makers after the government took tough measures to curb imports last year, analysts said.
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar.
A newspaper reported that over 500 Indians have association with firms in tax havens.
According to the global financial services major, inflation may remain sticky, with a possible El Nino effect on the monsoon likely to push up food prices and geopolitical uncertainties seen pumping up global commodity rates.
PepsiCo Chairman and CEO Indra Nooyi hoped that whosoever comes to power after the next elections will manage the country well so that India clocks a consistent 7-8 per cent economic growth.
Ahead of President Vladimir Putin's visit to New Delhi, Indian and Russian officials will be holding talks on the multi-billion dollar Fifth Generation Fighter Aircraft joint project.
Amid a spurt in terror attacks in various countries, Prime Minister Narendra Modi on Thursday said terrorism is the "gravest threat" to the world, "equally impacting" India and Mozambique which agreed to strengthen security and defence ties and bolster cooperation in food security.
The latest macro-data from India is disquieting
Jaitley said each of the regions in the world is trying to do its best.
The short limited-overs' series against minnows Zimbabwe was far from a cakewalk, especially the Twenty20s, but India coach Sanjay Bangar was happy with the team's showing, saying the youngsters in the side made an impact.
India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.
India's exports dipped deeper in the negative zone.
Officials in the weather department said the monsoon is expected to be below normal because of the El-Nino effect.
On the back of ongoing reforms and stress on manufacturing, India. he said, can look for much bigger share in global exports.
There are about 2 million eligible Indian origin people that can vote.
A rare Bharatiya Janata Party leader with no Rashtriya Swayamsevak Sangh link, Kiran Bedi, the party's chief ministerial nominee for Delhi, described the Sangh as "very nationalistic" that has kept India united.
India's external firewalls were solid in the form of a healthy reserve position.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
North Korea is unlikely to strike first, but its response in retaliation, if attacked, could be massive even at the expense of its own destruction, says Rajaram Panda.
The International Cricket Council does not like the current dispute between the Board of Control for Cricket in India (BCCI) and Cricket South Africa (CSA), ICC chief executive Dave Richardson said.
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash.
Finance Minister Arun Jaitley accused Congress of setting a wrong precedence for future opposition parties by continuously disrupting Parliament.
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