India lacks China's culture of collective discipline, so what will provide the glue for people to cooperate rather than follow their raw survival instincts? asks Ravi Bhoothalingam.
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Modi govt must bring about reforms to kick-start big-ticket infra projects.
'We have to do everything in our power to get as many Academy members to watch the film as possible.' 'After that, I am confident, my film will speak for itself.'
'Nowhere amidst the efflorescence of 13 military bands, 16 marching contingents and 22 tableaux was there any hint that far from being a rich country of poor people, the closely guarded secret is that India is a poor country of extremely rich people,' notes Sunanda K Datta-Ray.
Sri Lanka's new Finance Minister Ali Sabry on Tuesday resigned, a day after President Gotabaya Rajapaksa appointed him after sacking his brother Basil Rajapaksa amidst the island nation's worst economic crisis.
Inviting private sector in Indian Railways is a good idea.
Under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, the Centre provides an annual financial benefit of Rs 6,000 to eligible beneficiary farmers in three equal four-monthly installments of Rs 2,000 each.
Voters can be relied on to punish a party which makes reckless promises without actually implementing them, asserts Virendra Kapoor.
'It is time we Indians learnt to believe in ourselves, and stopped questioning our own capabilities every time a space launch is not a glorious success,' says M D Riti.
Sources in the AINRC told PTI that the BJP insisted on the induction of its representative as deputy chief minister and also wanted two more posts of ministers.
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
The corporate sector should give priority to building toilets in schools as part of their corporate social responsibility initiatives.
"I don't want Z category security. I want to be an A-category citizen, at par with you all. Why was UAPA not invoked against those who fired at me? ...I want to live, to speak. My life will be safe when the poor are safe. I will not get scared of those who shot at my car," he said in Parliament.
In December 2019, the India arm of Deloitte Touche Tohmatsu surprised many with its ultra-competitive bid to become the transaction advisor for the country's largest strategic divestment in Bharat Petroleum Corporation (BPCL). The multinational major quoted just Rs 1; the second-highest bidder, SBI Caps, reportedly quoted Rs 15-17 crore. For Deloitte, the motivation was to bag a prestigious deal adding a national energy company to its portfolio. No doubt, it expected BPCL to go to a marquee buyer in quick time.
No one really knows what proportion of the nation's wealth and income are available for defence
The Right to Read programme hopes to cover 100,000 schools, covering 15 million students.
Says GDP growth rate from 2014-15 to 2015-16 will be greater than that of 2014-15 from 2013-14
Contrary to the bragging that marked its two-year anniversary, the government's timidity on reform is simply astounding.
'Modi looks to be an effective, result-oriented, purposeful leader, focused on bringing greatness and glory to the nation.'
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So it is best for his critics to give up their sniping and supplement his efforts,' asserts B S Raghavan, the distinguished civil servant who served three prime ministers.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Government may also consider giving relief to some of the worst-affected sectors.
It is Mumbai's favourite festival and is celebrated each year with fervour and frenzy. But when the city welcomes "Ganpati Bappa" this Friday, the celebrations will be low key. With a cap on the size of idols, ban on processions and restrictions on devotees visiting pandals, celebrations are toned down for the second year in a row. Festival budgets have shrunk and as a result, corporate sponsorships have dried out.
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
The central bank has ordered lenders to clean up balance sheets by March 2017
This is the first time that Gandhi has raised an issue in the 17th Lok Sabha
The prime minister, who spoke in the Upper House as it bid farewell to 53 retiring MPs, noted that Rajya Sabha members are representatives of the states and the interest of their state should be a priority for them.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
Cheil India has a strong presence in the retail and shopper marketing space.
"Our armed forces represent India's diversity and the collective spirit of 130 crore Indians. Our forces are not only known for their utmost professionalism but also they are at the forefront helping people in times of crisis. Our forces are synonymous with trust," Modi said.
The 15th Lok Sabha will go down in the history as the most disrupted in Independent India so far including the pepper spray incident which marked a new low in parliamentary conduct.
The government and the farmers must come back to the negotiating table with only the interest of the country in mind, suggests Vivek Gumaste.
Inflation targeting has worked well and the government must stay with it, and the framework is going to work well in the period ahead also, former RBI Governor D Subbarao said on Thursday. He also said low inflation contributes to sustainable growth. Addressing the 'Times Network India Economic Conclave' virtually, Subbarao said the government's proposal to privatise some public sector units is not akin to selling family silver but it is a route for putting India on a sustainable growth path.
