The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.
'If we want faster growth and want greater flow of credit towards the private sector, it's important to have many more of such large entities.'
The time is ripe to extend the confrontation with the Chinese to the maritime domain, says former RA&W officer Krishan Varma.
While Modi must worry about the electoral backlash of bailing out state-owned banks, China's communist rulers face fewer constraints.
The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
Prime Minister Narendra Modi arrived in Berlin for an overnight stopover on his way to Brazil for the Brazil, Russia, India, China and South Africa (BRICS) Summit meeting that will address regional crises and security threats to restore a climate of peace while advancing global economic stability.
'The accusation that Pakistan risks losing sovereignty to China is emotive and has the potential to spread.' 'China will, however, remain intent on achieving its strategic ambitions of acquiring Gwadar port and securing a large chunk of Pakistan occupied Kashmir,' says former RA&W officer Jayadeva Ranade.
"What we have been able to gather is that Newsclick stands accused of offences under the Unlawful Activities Prevention Act (UAPA), for purportedly carrying Chinese propaganda on its website. All devices, laptops, gadgets, phones, etc have been seized in the past. All emails and communications have been analysed under the microscope," the statement by NewsClick read.
'Indian equity valuations, although not very expensive, are not cheap either.'
The debt resolution involves RCom exiting the SDR framework with no conversion of debt into equity and zero write-off by lenders, Anil Ambani said, adding that he expects full closure by March 2018.
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The World Bank in its report said the relative importance of remittances as a source of external resources is expected to increase further.
The BRI, a pet initiative of President Xi, is aimed at promoting network of roads, ports and rail networks all over the world to spread China's influence.
Swamy said Prime Minister Narendra Modi should convene a conference of "insiders" to draw up a new policy especially after the recent Lakhvi episode.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
China continued to have pockets of poverty despite massive development.
The Indian Army on Friday strongly insisted on early disengagement of troops by China from all the friction points in eastern Ladakh at the eighth round of corps commander-level talks between the two sides that primarily focused on a roadmap for restoration of peace and tranquillity in the region, according to people familiar with the developments.
The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India to 9.5 per cent for the fiscal year to March 31, 2022 as the onset of a severe second COVID-19 wave cut into recovery momentum. This forecast for 2021-22 is lower than the 12.5 per cent growth in GDP that IMF had projected in April before the second wave took a grip. For 2022-23, IMF expects economic growth of 8.5 per cent, larger than the 6.9 per cent it had projected in April.
The total assets of the superrich soared to 31 trillion yuan.
A World Bank report says that in comparison to 708 R&D researchers per million population in China, the number was a dismal 119 in India in 2004. While the same is 3,319 in Russian Federation, in Brazil the number of researchers per million population is a much better 344.
The rapid growth of India and China will overshadow the development of their Asian neighbours in coming years, with the purchasing power of their populations increasing to almost match consumers in the US and EU combined, a senior Doha Bank official has said.
'For the common man, the economic conditions are not going to get better.'
Ahead of the Union Budget for 2023-24, Budget makers have welcomed the global consensus view that India will remain one of the bright spots in calendar year 2023. But there is some alarm over the grim global situation and how that might impact the Centre's projections and assessments for next financial year. The big global headwinds include a deep and sustained recession in the West, including India's biggest trading partners in North America and Europe, continuing volatility in commodity markets, and renewed Covid-19 fears, as lifting of strict curbs by China could potentially lead to a massive spread again.
Military officials said India is also strengthening its surveillance mechanism to keep an eye on Chinese activities along the borders in the strategically sensitive Tibetan region and has even been regularly deploying choppers to carry out recce.
'How Xi Jinping will withdraw the aggression and justify it to his Communist party in case of a negotiated settlement might be his biggest headache.' 'Unless he is ready to gamble on an armed conflict, whose outcome given India's battle-readiness and determination is always uncertain,' observes Virendra Kapoor.
'Chasing sectors which have reported strongest earnings is not always the right strategy for outperformance.'
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
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.
Foreign portfolio investors (FPIs) turned net buyers in October after being net sellers in the previous month. In October, FPIs bought shares worth nearly Rs 8,430 crore ($1 billion) against net selling of Rs 13,405 crore ($1.6 billion) in September. Positive flows during three of the previous four months have pushed the domestic markets towards fresh all-time highs. At present, the Sensex and Nifty are less than 2 per cent shy of breaching record highs logged in October 2021. A rally in equity markets in the US and Europe is in hopes that the Federal Reserve may go soft on rate hikes after its November meeting.
After 2014, our growth has been average of around 5%. If this continues, we will remain here like Egypt, Brazil, South Africa and Bangladesh, points out Aakar Patel.
The revised projection comes after a 17% rise in the April-June.
Lack of literacy is compromising the ability of farmers in India and China, two of the world's most populous countries with the smallest farm size, to raise productivity without losing soil fertility, says Kunal Bose.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
"All temporary structures and other allied infrastructure created in the area by both sides have been dismantled and mutually verified. The landform in the area has been restored by both sides to the pre-standoff period," the Army said in a statement.
Sources said the Indian troops resolutely confronted the Chinese PLA soldiers.
At a media briefing, External Affairs Ministry Spokesperson Arindam Bagchi said India monitors such developments.
'During my visit to Japan and after meeting with Prime Minister (Shinzo) Abe, I gladly recall that in our joint declaration we mentioned Asia-Africa growth corridor and proposed further conversation with our brothers and sisters of Africa,' Prime Minister Modi said.
'If there is any reason to change my holding in Adani group stocks, the Hindenburg report on the group is not the one.'
