The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
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Returns on godl have depleted in past few years,
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
While information technology companies will benefit, firms with high foreign borrowings or heavy dependence on imports will be hurt.
Former environment minister Jairam Ramesh on Thursday virtually backed the non-governmental organisation Greenpeace in the backdrop of an Intelligence Bureau report warning that the NGO is a threat to the country's economic growth.
Rajeev Srinivasan on whom the Congress might put forth as its leader in 2014.
Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
Milind Deora, minister of state for communication and information technology and shipping, is one of the Congress' young guns under Rahul Gandhi. He tells Kavita Chowdhury that the core problem for the United Progressive Alliance in its second term has been its inability to communicate effectively. Edited excerpts:
'In the last ten days a mastermind has emerged who is misleading him and using him like a pawn. We made Hardik the face of this agitation. Hardik was the smallest mohra in this agitation.' 'The mastermind is doing Hardik's makeover. He is increasing his face value. But this is helping us in pushing forth for our demands. Because Hardik's face value is increasing, our agitation is benefiting. What is the motive of this mastermind in doing what he is doing is a different issue.'
'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'
Locked in a neck-and-neck battle, Hillary Clinton and Donald Trump have made a last minute dash to key swing states to woo undecided voters as major polls on the final weekend before the election day showed the race for the White House was too close to call.
Shiv Sena said that Dalit Prez candidate has been chosen for vote-bank politics.
Venkaiah Naidu said 'let there be a discussion... November 8 is a historic day'.
The BRICS summit offers Modi an excellent platform to reach out to world leaders and conduct diplomacy on the very ticklish issue of reform of the world governance structure, and to exchange notes with his peers on international, regional and bilateral issues on the margins of the meeting, says Rup Narayan Das.
Chinese President Xi Jinping has suggested five thrust areas to improve relations with India. It is likely all these issues, in addition to the points raised by Xi at Fortaleza, will be part of the joint declaration at the end of his visit to India, says Srikanth Kondapalli.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
A big hit to China's growth or to Europe's financial system could certainly tip the global economy.
Arun Jaitley and Janardan Dwivedi have rewritten the rules of politics in the Age of the Internet and its young and restless user base, reports Rediff.com's Sheela Bhatt.
Sepp Blatter comes across as an amiable character with eccentric ideas about football but he has shown in the past that he possesses a ruthless instinct for survival and extraordinary political nous.
When Sepp Blatter is not comparing FIFA to a boat in calm or choppy waters he often uses football analogies to illustrate his point so it might amuse him to think he faces a tricky 45 minutes at this month's Congress.
Narendra Modi, says T V R Shenoy, is 'busy trying to woo back two constituencies that were crucial when the BJP won power in the elections of 1998 and of 1999, namely UP (and the Hindi belt in general) and educated youth.'
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
'We have nothing to gain by helping any other country to become a threat to India,' former Sri Lanka president Mahinda Rajapaksa, who is on the comeback trail, tells Rediff.com in an exclusive interview.
South and South-West Asia could witness an economic growth of 5.3 per cent in 2015, which will be a four-year high.
Companies from the capital goods space will under-perform.
The US #DeepState has had a fine run, but will now discard Saudi Arabia as it is no longer useful to them, says Rajeev Srinivasan.
Shyamvar Pinturam Rai and Pradeep Waghmare. Both erstwhile employees of Peter and Indrani Mukerjea. In the witness stand on Monday, Waghmare came across as a cheerful, straightforward man who is attempting to clamber his way towards prosperity. In the witness stand on Friday, Rai shed his customary jauntiness and broke down weeping, begging forgiveness from CBI Special Judge Jayendra Chandrasen Jagdale.
'I returned to jail at 4.45. I was body searched and sent back to my cell.' 'A bowl of dal was kept there covered.' 'Another guard gave me a tablet and I became unconscious.' Accused One spoke about a similar incident happening to her in October 2015 and also with a bowl of dal.
The Prime Minister's Office has made clear Modi's wishes that the reception planned for him at New York's famed Madison Square Garden should not carry the imprimatur of any community organisation, but be under the auspices of a 'Reception Committee for the Prime Minister of India.' Aziz Haniffa/Rediff.com reports.
'Will 'Make in India' be able to harness the demographic dividend so it does not become a disaster?' 'Will 'Digital India' live up to the lofty promises the government and private sector made as part of its recent launch?'
After weeks of bargaining and protesting, the BJP and the TDP came to a seat sharing arrangement for the May 7 polls in Andhra Pradesh. But will this alliance help the saffron party make inroads in the Telangana region? Vicky Nanjappa finds out
With EU, it is part of the FTA that we will need to negotiate.
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
'I could have never imagined any other prime minister giving time to a separatist leader.' 'I think the Hurriyat should not be ignored. I think like Pakistan, they are being unnecessarily ignored.' A S Dulat, the former RA&W chief who visited Kashmir recently, speaks to Sheela Bhatt/Rediff.com
The AAP has adopted policies in an ad hoc manner, without thinking them through or deriving them from a broader framework. This must change if the AAP is to become a credible alternative, says Praful Bidwai.
In the pitch dark of the African night, a herd of cape buffaloes gather at the watering hole for a drink, taking care to stay by the edge to avoid the crocodiles lurking in the depths. In Gangiova, a village in Romania, a doctor places her stethoscope to the chest of a newborn baby, listening intently for the beating of his tiny heart. These are just some of the moments that have been picked by the judges for the Sony World Photography Awards. For the 2017 competition, photographers entered 227,596 images across the awards' Professional, Open and Youth categories. The Open competition winner will receive $5,000 (Rs 3.3 lakh), Sony digital imaging equipment and flights and accommodation to the awards ceremony at Somerset House in London. Sony World Photography Awards has been kind enough to share some of their shortlisted pieces with us.
Prashant Lingam and Aruna Kappagantula are changing the way houses are being built in India.
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