'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
He however clarified that it is ultimately up to the courts to officially ban a political party.
Pictures from the IPL 2022 game between Rajasthan Royals vs Delhi Capitals at the DY Patil Stadium, Navi Mumbai
Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
The India Meteorological Department has issued an 'orange' alert.
Despite Beijing reporting just 51 new cases on Wednesday, China's capital tightened Covid restrictions as it battled an outbreak.
The Amar Jawan Jyoti at India Gate in New Delhi was merged with the eternal flame at the National War Memorial on Friday.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
It is pegged at 6.8-8% by various economists, as compared to 6.7%.
With the assembly polls only two years away, in 2026, any demoralising defeat in 2024, would challenge not only the party's continued relevance but also EPS's leadership, asserts N Sathiya Moorthy.
Billionaire Mukesh Ambani's Reliance Retail on Thursday told the government that complex legal structures have been used by some firms to bypass the country's e-commerce rules which from the very beginning do not allow foreign capital in the inventory-based model. At a meeting called by the commerce ministry on allegations that foreign online retailers created complex structures to bypass foreign investment rules and damage small traders, Amazon urged the government not to issue any clarification until investigations into its business practices had been concluded, sources said. At the meeting, Reliance Retail's representatives said the Indian e-commerce policy does not allow foreign capital in the inventory-based model and foreign investment is allowed only in pure technical infrastructure/ platform that facilitates the meeting of buyer with sellers.
At a Madhya Pradesh cabinet meeting held in the temple town of Ujjain, Chief Minister Shivraj Singh Chouhan ceded his seat to Lord Mahakal's portrait, an act some former bureaucrats said was "unprecedented" in the history of the state and could have been avoided.
India is at a "tipping point" and a major focus for Apple, the technology giant's CEO Tim Cook has said, terming the opening of its first two retail stores in the country - in Mumbai and Delhi - as a "milestone" for the company. Speaking at Apple's Q2 2023 earnings call on Thursday, Cook emphasised the dynamism and vibrancy in the Indian market, calling it "unbelievable". "Looking at the business in India, we did set a quarterly record, grew very strong, double digits year-over-year.
'You can still hear gunshots, and this time even children know they are not normal.'
Kerala Education Minister V Sivankutty Sunday contradicted Aam Aadmi Party legislator Atishi's claims that 'officials from Kerala visited a government school in Delhi to understand and implement the city's education model', asserting that his state's Department of Education never sent any officials to the national capital.
A roundup of the Bihani Brand of Dressing.
Pakistan is bracing for another day of violence that broke out in many cities after the arrest of former prime minister Imran Khan for alleged corruption with the leaders of his party announcing a countrywide strike on Wednesday to protest against the fascist government.
The recent move by a group of eight Congress MLAs in Goa to merge with the ruling Bharatiya Janata Party was as per constitutional norms, state assembly speaker Ramesh Tawadkar said.
The epidemiologist estimates that more than 60 per cent of China and 10 per cent of Earth's population are likely to be infected over the next 90 days with deaths likely in the millions.
At least 17 different tests are planned by ISRO next year before it carries out the unmanned space flight in December next year.
The world economy is going through a tough phase.
Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.
Regulatory capacity, hyperactivity and excessive prescription are the biggest challenges the financial sector is facing, said Meleveetil Damodaran, former chairperson, Securities and Exchange Board of India (Sebi). Speaking at the Business Standard BFSI Summit on Wednesday, Damodaran highlighted the need for simpler, clear, and continuous regulations in the financial sector. He opined that the industry had felt it challenging to keep pace with the changing regulations.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
A monumental contribution of 80 off 52 balls by Quinton de Kock -- over 50% of the overall target of 149 set by Delhi Capitals.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
A police officer said that during the investigation names of two suspects residing in Pakistan and Germany, both from banned Sikh organisations, have emerged.
The remarks of the top Biden administration officials this week came amid growing disquiet in Western capitals over India's refusal to directly condemn the Russian aggression in Ukraine and its decision to procure discounted Russian oil.
Prime Minister Narendra Modi on Thursday inaugurated and laid foundation stones of development projects worth more than Rs 38,000 crore in different sectors in Mumbai, giving a big push to infrastructure, urban travel and healthcare ahead of civic polls in the city in which the Bharatiya Janata Party and the Eknath Shinde-led Shiv Sena faction will seek to showcase these ventures to take on their political rivals.
External Affairs Minister S Jaishankar has slammed the mainstream American media, including The Washington Post, for their 'biased' coverage of India.
Until now, these platforms were either working through an investment advisory (IA) or stockbroking licence.
The British government has been under pressure to help a sale process go through after Tata said it would sell its British business.
Delhi's public works department will set up 35 metre-high national flags at 75 locations across the city by January 26, officials said on Wednesday.
Kota, Rajasthan, is both a beacon for the educationally deprived and a cynical place in which 16-year-olds live in Dickensian boarding houses, while teachers drive Audis.
ITC's first foreign venture in the hotel space - a premium and luxury mixed-use development - has been "adversely impacted" by Sri Lanka's economic crisis, the firm said. The $300-million project under WelcomHotels Lanka (Private) Limited (WLPL), a wholly-owned subsidiary of ITC, comprises a luxury hotel and a super-premium residential apartment complex on 5.86 acres of prime sea-facing land in Colombo. In its latest annual report for financial year 2021-22 (FY22), ITC mentioned that the project's construction was running on schedule till the third quarter (Q3) of FY19, but was adversely impacted due to disruptions in the aftermath of the terror incidents in 2019 and thereafter by recurrent waves of the Covid-19 pandemic.
The first two sessions -- held on January 6 and January 24 -- were adjourned by the presiding officer without electing a mayor as the sessions were marred by ruckus and acrimonious exchanges among the members of the Bharatiya Janata Party and the Aam Aadmi Party.
Mukesh Ambani, who took over the reins of Reliance Industries Ltd (RIL) after the sudden demise of his legendary industrialist father Dhirubhai Ambani, completes 20 years at the helm during which the company saw a 17-fold jump in revenues, 20-times surge in profit and has become a global conglomerate.
Protesting farmers clashed with police at several places in the national capital and entered the iconic Red Fort and ITO in the heart of national capital, with hundreds of them deviating from agreed routes, prompting security personnel to resort to lathicharge and tear gas. The farmers have now left the Red Fort after the police intervened. Take a look.
Thousands of people joined a public rally organised by Nagaland People's Action Committee (NPAC) on Friday to demand an early solution to the Naga political issue.
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