Finance Minister Nirmala Sitharaman on Thursday said inflation management cannot be "singularly" left to the monetary policy as a majority of activities are outside its purview in the current context. Speaking at a seminar organised by economic think-tank Icrier, the finance minister said that both the fiscal policy and the monetary policy have to work together to contain inflation. Consumer price index (CPI) based inflation or retail inflation is ruling above the Reserve Bank's comfort level of 6 per cent since January.
China's deteriorating economy is a serious concern. Xi Jinping and China's new premier will have a difficult task ahead of them after the 20th party congress, notes Jayadeva Ranade, the retired senior RA&W officer and China expert.
'In India, there's currently evidence the Centre has not managed a smooth vaccine rollout.' 'It is now falling back on blaming states, which are facing vaccine shortages,' points out Devangshu Datta.
Ishan Bakshi studies the Budgets of six states, their expenditure priorities and outlays to understand the trend.
'India and China have to make concrete progress with regard to the border issue, addressing the trade deficit, and facilitating people-to-people interactions. This has to happen in the next two, three years.' China expert Tansen Sen tells Sheela Bhatt/Rediff.com how India and China can take their relations to the next level.
'I will try and make my panchayat a model one in Bihar.'
'Health will continue to be at the centre of the government's attention as it underpins economic recovery and our collective well being.'
'The outlook for private investment, which has been such a weak link for India for so long, remains challenging.'
'I can't help it if people don't love the minorities, the Dalits and Adivasis; they are as much of this country as any other Indian.' 'If I love them, it does not mean I do not love my country.' 'It is ironic and funny that they have laid such severe anti-national charges against me.'
Modernisation of Madrasas is in line with Prime Minister Narendra Modi's plan that he laid out in run-up to Lok Sabha elections in 2014.
Experts said a dip in consumption expenditure indicated an increasing prevalence of poverty in the country.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
'India's output contraction in the previous year was among the worst in the world!'
The BJP is not taking the AAP challenge lightly. Amit Shah has cautioned party insiders to ensure that AAP does not cross a vote share of 24%. He has always seen AAP as a much more significant challenge than the Congress, observes Ramesh Menon, author, Modi Demystified: The Making Of A Prime Minister.
'India enjoys the maneuverability of a coming big power.' 'It is this possibility that has persuaded Moscow to humour India and stayed Washington from getting punitive about India's neutrality on the Ukraine issue.'
Inter-ministerial group to meet on Thursday to finalise model concession pact.
Agnipath offers jobs to youngsters between 17.5 years and 23 years of age. The unemployment rate in this age group has risen from around 23% in 2017 to over 50% since 2020. Every second person who is looking for employment in this age group is unemployed, explains Mahesh Vyas.
While the Constitution makes everyone in India eligible to work anywhere in the country, states have used legal loopholes to frame laws.
The Centre on Wednesday announced a raft of post-retirement employment possibilities for 'Agniveer' like priority in recruitment to the central armed police forces (CAPF) and Assam rifles but that failed to assuage the concerns of the opposition Congress which warned the 'transformative' 'Agnipath' scheme will reduce the operational effectiveness of the armed forces.
'The threat of ceding space to China in Afghanistan appears to be one factor propelling our government to get a bit more active now.'
Joe Biden's B3W proposal aims to bring democracies together. India should come up with its own plans to contribute to the initiative, states Rahul Mishra.
Amarinder said predictions by health experts about the spread of the pandemic are 'horrendous and frightening'.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Govt to soon appoint consultant to explore opportunities for shortlisted Andaman & Nicobar and Lakshadweep island clusters.
Critics argue that much more could have been done and that the government was slow to react to many events.
Ajay Bahadur Singh could not become a doctor because of family and financial constraints. He now helps financially challenged students from Bhubaneshwar become doctors.
A city like Davos in India would give a big boost to tourism, development, jobs and overall economy
'China feels India will be hard-pressed not to go after China because we are so badly dependent on them -- and that is the reality.'
Could the Centre and the prime minister have achieved more than what they did on curbing the endemic spread through more of the Modi outreach, given his credibility and unchallenged ability to communicate with the masses, asks N Sathiya Moorthy.
'The government has failed to understand the seriousness of the situation, and that's why they are underestimating the problem.' 'They think some tinkering here and there will fix the economy automatically.'
On Dr Homi J Bhabha's 110th birth anniversary, Dr K S Parthasarathy shares some personal memories of the legendary nuclear scientist.
The Border Security Force has been put on high alert along the India-Bangladesh border in Assam and Tripura following intelligence inputs of Islamic terrorists planning to infiltrate the country.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Can the finance minister manage our expectations, asks A K Bhattacharya.
Millions of Indian children lack access to online education as they do not have smartphones, computers or an Internet connection.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
'Just see what kind of political, social and economic impact it will have when the number of unemployed goes up four times in one year suddenly.'
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