India's total online shopper base at 30 per cent of its internet population is low when compared with 78 per cent in China and 70-plus per cent in the US.
The investment climate is going well in India and the private sector should skill their workforce in the interest of its business, Chief Economic Advisor K V Subramanian said on Thursday asserting that he does not foresee any difficulty in demand and supply of the workforce. Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy. The investment climate is going well in India. Other things will follow, though with a lag...it is for the private sector to start recognising that it is in their own business interest that they should skill their workforce. This, in turn, will raise the average level of skills in India," he said.
Kolkata Knight Riders spinner Varun Chakravarthy is still not fit for intense training after his recovery from COVID-19 as he is still experiencing 'weakness and dizziness'.
China's post COVID-19 pandemic economic rebound showed signs of slowdown as the economy grew at 7.9 per cent in the second quarter compared to a record 18.3 per cent in Q1, while the GDP expanded 12.7 per cent year on year in the first half amid the continued global spread of the coronavirus and unbalanced domestic recovery. In the second quarter, the GDP of the second largest economy in the world grew 7.9 per cent year on year, the data released by the National Bureau of Statistics, (NBS) on Thursday showed. On a quarterly basis, the economy expanded 1.3 per cent in Q2.
Two-wheeler sales were down 15.24 per cent in July to 12,81,354 units as compared with 15,11,717 units in the same month last year.
Naren from Hyderabad tells us how his family saved money in the lockdown.
V T Rajan reveals how he cut expenses after his salary was cut by 50%.
The Indian economy is expected to grow around 10 per cent during the current financial year on the likelihood of fewer COVID-19-linked supply disruptions and buoyancy in the global economy, said Poonam Gupta, director general of economic think-tank NCAER. The real challenge, however, would be to sustain a growth rate of 7-8 per cent in years to come, she said. "We could see annual growth in the ballpark range of about 10 per cent. "The reasons for this perceived optimism are: fewer supply disruptions; increased pent-up demand in the traditional and contact-intensive services; and a buoyant global economy.
In its 'back to cricket' guidelines issued for resumption of the game, the ICC has effectively barred players from handing over their personal equipments (cap, towel, sunglasses, jumpers) to the umpire or his teammates as part of maintaining social distance.
The bench directed the Maharashtra government to submit a fresh medical report detailing Rao's health condition on the next date of hearing.
Amid uncertainties arising out of the second wave of COVID-19, the Reserve Bank on Thursday said that a durable revival of private consumption and investment would be critical for sustaining economic growth post-pandemic. Observing that 2020-21 has left a scar on the economy, RBI in its annual report said, "in the midst of the second wave as 2021-22 commences, pervasive despair is being lifted by cautious optimism built up by vaccination drives." The second wave of the pandemic has prompted revision of growth projections for the current fiscal and the consensus appears to be gravitating towards RBI's forecast of 10.5 per cent, the report added.
Sunil Gavaskar feels that once the Australia government has now formally announced that 25 per cent crowd can turn up for sporting events, a World T20 in October looks more imminent than IPL.
Called "Babuji", the former chief minister of undivided Madhya Pradesh and former Governor of Uttar Pradesh in the post-Babri Masjid demolition era was considered as a people's man and was accessible to all.
Colgate-Palmolive India is placing greater emphasis on freshness, whitening, therapeutic, and family toothpastes, as rivals such as Dabur and Patanjali dominate the growing naturals segment of the market. Once under 5 per cent of the Rs 10,000-crore domestic toothpaste market, the naturals segment, which includes ayurvedic and herbal variants, is now 25-30 per cent of the market, industry executives said. Growth rates of the naturals segment are estimated to be in the region of 8-9 per cent in volume terms. In value terms, the growth rate for naturals is around 10-12 per cent, sector experts said.
Sports Minister Kiren Rijiju is hoping India would be abe to organise sporting events in a phased manner by September-October, saying it will help in boosting the confidence of people amid the COVID-19 pandemic. The Sports Ministry had resumed training camps of some Olympics disciplines in the last week of May and Rijiju said events will also gradually start in the near future.
'Tens of millions will be working from home for months at a time, which means the smartest brains in business will be focussed on creating more efficient WFH processes,' predicts Devangshu Datta.
Dietician Komal Jethmalani provides expert help.
Replying to the debate in Lok Sabha on Motion of Thanks to President Ram Nath Kovind's address to the Parliament, Modi said the Congress' 'arrogance' has not gone away despite multiple electoral defeats and its 'misdeeds' seem to indicate that it has made up its mind not to come to power for the next 100 years.
PV Sindhu while addressing the newly-appointed Assistant Directors of the Sports Authority of India through an online session, stressed on the importance of parents, coaches, administrators working as a team to build up a champion.
Sumit Roy, an MBA, shares a simple formula to cut down expenses and save money post lockdown.
Audiences are missing theatres desperately and will go back to them within two-three weeks of them reopening. All those hours of films on television and OTT have not reduced the audience's need for the theatrical experience.
President Donald Trump's executive order restricting entry of skilled foreign workers into the US, mainly on H-1B and L1 visas, has resulted in an estimated loss of $100 billion to companies in the US, a top American think-tank claimed. The executive order signed by Trump on June 22, that had temporarily banned issuing fresh H-1B and L-1 visas till December 31, caused a negative impact to the valuation of Fortune 500 firms equivalent to over $100 billion in losses, Brookings Institute said in a report released this week.
China criticised the forthcoming meeting of the Foreign Ministers of India, Australia, Japan and the United States in Tokyo, saying it is opposed to the formation of "exclusive clique" harming third party's interests.
'I would always put the money I saved into equity mutual funds -- mainly through the SIP route. 'This helped in swelling my savings over a period of time,' says Avik Chowdhury.
Kolpak deals to end; Cricket South Africa's Graeme Smith says they will welcome back any former Kolpak players who are willing to be part of the domestic structures.
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
If everybody is 'working' from home, then how has TV consumption gone up? Who is making all that gourmet food being posted on social media?
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
In a first among domestic teams in India, Cricket Association of Bengal (CAB) will be conducting mandatory eye tests for its senior and under-23 teams once training camps resumes post coronavirus. This was decided during discussion between the CAB administration and Bengal coaching unit, which felt that often the eyesight gets affected after the cricketers come back from a long lay-off.
'I am not sure why you have to worry about saliva or perspiration ... if you are not confident about the two-week period proving enough that you are free of COVID-19, you should not be playing'.
While T20 World Cup is scheduled for an October 18 start, India's tour of Australia will begin with a T20 tri-series in October and end with a four-match Test series in December. Cricket Australia is staring at a staggering loss of 300 million Australian dollars if things don't go ahead as planned.
The BCCI withdrawing the women's national team from a tri-series in England is not a case of neglect, Apex Council member Shantha Rangaswamy asserted on Monday, urging those doubting the board's commitment towards the side to wait for normalcy before passing judgements. The BCCI's decision to not send the team for the tri-series involving England and South Africa amid the COVID-19 pandemic has raised a few eyebrows at a time when it is preparing to host the IPL in the UAE in September-November.
The Niti Aayog vice chairman noted that green shoots of recovery are already visible in multiple sectors. In 15-16 sectors, businesses are coming back to pre-COVID levels," he said.
The novel coronavirus lockdown has been a traumatic experience for many cricketers and teams will have to change their approach to mental health when the game resumes, mental conditioning coach Paddy Upton has said. Cricket, the South African added, does not have a good track record of managing players' mental health, which is likely to suffer as the game's suspension drags on.
Prannoy said a psychologist could have helped him deal with it better and hoped there will be a structure in place to assist the players in the times to come.
Should the much-anticipated series goes ahead as scheduled with the COVID-19 pandemic being brought under control in the best case scenario, run-machines Steve Smith and David Warner's presence will put the hosts at an advantage.
At all India level, per capita income will decline by 5.4 per cent in FY21 to Rs 1.43 lakh, the report said.
The 86-year old veteran Congress politician, who was on Non Invasive Ventilation (NIV) since he was admitted at Gauhati Medical College and Hospital (GMCH) on November 2 due to post-COVID complications, was put under invasive ventilation, the minister said.
'It may be a bit slow to start, but all are eager to get back into action.'
Zhang Yesui, spokesperson for China's Parliament -- the National People's Congress -- in his media briefing ahead of Friday's annual session also sought to deflect allegations that the virus emerged in Wuhan, saying that the recent reports indicated coronavirus occurred earlier in different parts of the world.
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