China continues to hold out on fingering Pakistan as the 'mothership of terror,' declaring Masood Azhar a terrorist at the UN, and India's membership of the NSG, says China expert Srikanth Kondapalli.
India's foreign reserves continue to march to record highs, touching USD 393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
Prime Minister Narendra Modi leaves for Brazil on Sunday for attending the five-nation summit of BRICS nations on July 14 and 15 which is expected to finalise the setting up of a development bank and seek reforms of the United Nations and international financial organisations.
As the context of Panchsheel has changed, it is all the more essential that India and China need to reinvent and redefine Panchsheel for a new world order taking into account globalisation, and mutual economic interdependence. The new Panchsheel, in order to be relevant, needs to shed its binary approach of west verses the east recognising the seamlessness of global frontiers, which globalisation has brought in, says Rup Narayan Das.
India's dream to be in the forefront of international politics has come true. India has placed itself firmly as a major player in the shaping of a new world order, observes Ambassador T P Sreenivasan.
Addressing the BRICS investment seminar in Mumbai ahead of the 5-nation Summit in Goa on October 15-16, Jaitley said the government has put FDI on automatic route in almost 90 per cent of the areas that are eligible for foreign direct capital.
Uttar Pradesh chief minister Akhilesh Yadav has written as many as 80 letter to the PM since he took as the reins of the state three years ago.
Opportunity for India to take leadership in economic diplomacy.
Narendra Modi's engagement at the upcoming BRICS Summit in Brazil will be keenly watched as the prime minister will interact with some of the world's most powerful leaders. The summit to be held in Fortaleza will also see the launch of the significant BRICS bank whose idea was mooted by India. Rediff.com's Sheela Bhatt gives a lowdown on Modi's first major international rendezvous.
Amid imminent phasing out of the fiscal stimulus by US Federal Reserve, Prime Minister Manmohan Singh on Wednesday called for an "orderly exit" from unconventional monetary policies being pursued by the developed world for the last few years to avoid damaging growth prospects of the developing world.
Under KV Kamath's leadership, ICICI Bank's revenues grew multi-fold.
KV Kamath has had a tough journey so far.
The new government needs to clearly insist on diplomatic reciprocal arrangements with China. While reciprocity is a function of power in bilateral relations, the Modi-led government's responses should be based on India'S inherent strengths, says China expert Srikanth Kondapalli.
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
The BRICS summit made clear that China's support for Pakistan is unwavering. China will continue to pressure India to ease tensions with Pakistan and resolve the Kashmir dispute.
India and Brazil on Wednesday called for urgent progress in reforms of the UN Security Council, as they agreed to scale up bilateral ties and deepen cooperation in international fora.
India has undertaken a number of structural reforms.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Wang arrived in Delhi on Thursday evening in the highest-level visit between the two countries after the ties came under severe strain following the military standoff in eastern Ladakh that began nearly two years ago.
Prime Minister Narendra Modi asked G20 nations to freeze and repatriate unaccounted money hoarded abroad.
Investors who ditched US markets for emerging ones during the financial crisis are set to pay a hefty price.
If banks cannot charge interest from borrowers during the moratorium, who will bear that cost? Should the depositors subsidise the borrowers by foregoing interest on deposits? In that case, we will turn banking on its head! notes Tamal Bandyopadhyay.
External Affairs Minister S Jaishankar on Thursday conveyed to his Chinese counterpart Wang Yi the need for an early resolution of all outstanding issues along the Line of Actual Control in eastern Ladakh, and asserted that bilateral ties should be based on mutual respect, mutual sensitivity and mutual interest.
After news of KV Kamath stepping down as the non-executive chairman, Infosys is on the hunt for filling up the post.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
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.
The meet will focus on the recent global economic developments, challenges and collective measures to address them
Will demonetisation lead to a rate cut, leading to higher quantum of lending?
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
The corporate sector does not care from where the money is coming.
India was ranked 12th among the large economies in 2008, and moved up to 10th by 2013, overtaking Canada and Spain.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
Only India is anticipated to witness better growth momentum among the BRIC bloc
'Building on the potential for closer ties is the changing narrative in each country about the other. The Chinese narrative on India has become significantly more positive over the past few years,' says Walter Andersen and Zhong Zhenming.
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