The ballooning of crude prices has significantly increased the country's oil import bill and it can also lead to a worsening of the current account deficit and fiscal deficit for the domestic economy.
The flow of economic news suggests that "good days" are not here as yet.
Rajeev Srinivasan on how Indians are satisfied with illusions, not reality.
'I am not minimising either the seriousness or the complex nature of the current situation.' 'Naturally, we have to do what it takes to secure our borders.' 'We are talking to the Chinese, both through military channels and diplomatic ones.'
'In fact, they work in tandem.' 'When it comes to finding a solution, this must be predicated on honouring all agreements and understandings.' 'And not attempting to alter the status quo unilaterally.'
The Modi government's appalling inefficiency and lack of purpose stand exposed, says Ambassador M K Bhadrakumar.
Make in India has few advantages and some disadvatnages too.
Investors are keenly awaiting the announcement of the macroeconomic data-IIP and CPI due on Tuesday.
Stocks of companies having operations and exports to Europe were the top losers.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
The acquisition of stake in Progress Energy Resources Corp's shale gas assets and Pacific NorthWest LNG for 1 billion Canadian dollars ($900 million) marks IOC's maiden entry into North America.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25 per cent.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
Germany is now sitting on a mountain of savings.
'There is a Jack Warner or two in every Caribbean parliament today.'
'Whichever option India chooses, it should be clear to the government that the China-Pakistan nexus poses a clear and present danger to national security,' says Brigadier Gurmeet Kanwal (retd).
A breakthrough will come from what we teach and how, says Ajit Balakrishnan.
Many factors have been identified as key drivers of the inequality between rural and urban areas in China and India.
The rupee resumed higher at 64.40 a dollar from Friday's close of 65.24 and touched a low of 64.54 at the interbank foreign exchange market.
India became more dependent on Iraqi oil recently after it cut supplies from the sanctions-hit Iran.
'India stands to gain immensely by forging a developmental partnership with China.' 'While through sustained strategic communication there is scope to steadily expand the commonality of interests between the two countries.' 'This is also a practical way to ensure that differences do not get over-magnified and become disputes,' says Ambassador M K Bhadrakumar.
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
After a busy day in Stockholm, Sweden, Prime Minister Narendra Modi is in the United Kingdom on Wednesday. PM Modi is in London to attend the Commonwealth Heads of Government Meeting. The PM will also have a top-level meeting with Britain's Prime Minister Theresa May as well as a meeting with Queen Elizabeth II at the Buckingham Palace. Here's a glimpse of NaMo's busy English day.
'I want to leave behind the bank stronger and better than when I took over.'
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
The next 12 months will be quite challenging marked by uncertain political events and evolving macroeconomic scenario
'During his visit to Vietnam on September 3 -- the first visit by an Indian prime minister in 15 years -- Modi will notice the widespread anti-China sentiment in that country.'
Weak GDP data and unfaouvrable global data has pulled down Sensex, Nifty.
President Xi Jinping's visit may put relations between India and China on a new trajectory
If China's behaviour in the past on ticklish issues is any indication then China could eventually support India's NSG application, says Rup Narayan Das.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon, says N Sathiya Moorthy.
India's majoritarian regime is now making a dangerously fast-paced move towards theocracy, like its western counterpart did a few decades ago, warns Mohammad Sajjad.
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