Higher economic growth can be sustained only in an atmosphere of reasonable price stability
The announcement of McMaster's ouster, who the White House said had a "good working relationship" with Trump, is the latest in a string of high-profile White House departures since President Trump took office in January 2017.
Delivering his major economic policy speech at the prestigious Brookings Institute, Summers, however, candidly acknowledged that it is 'surely' too early to gauge the broader economic impact of the President's programme.
The US spent $1.5 million a day since 2001 fighting the opium war in Afghanistan. After hundreds of airstrikes failed to curtail the Taliban's $200-million-a-year opium trade, the US military quietly ended the campaign when the Trump administration officials engaged in direct peace talks with the Taliban, notes Atanu Biswas.
PM's economic advisors have suggested a hike in petrol and diesel prices to tackle the global crude prices.
'The MEA, hopefully, made it clear that the Indian PM can't be seen in Xi Jinping's company when China has, for all intents and purposes, annexed over 1,000 sq kms of Indian territory in eastern Ladakh, and essentially that the Wuhan spirit and the Mamallapuram spirit have turned into vinegar.'
Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve the people, argues Tamal Bandyopadhyay.
Industrial growth has entered the negative zone in October, two years after the global financial crisis. But Prime Minister's Economic Advisory Council chairman C Rangarajan pins hopes of a revival in the fourth quarter.
Poland, which currently holds the council's rotating presidency, has listed the matter for discussion at 10 am on Friday, the diplomats were quoted as saying.
The next round of bad news could come from Europe, where banks in a number of economies such as Italy, Portugal and Greece are sitting on mountains of bad loans.
The Biden administration should expect continuity in Iran's policies under Raisi. This may not necessarily mean that strengthening of ties with the West will be Raisi's top priority, observes Ambassador M K Bhadrakumar.
India might be heading towards a "serious livelihood crisis" as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze. In an interview to PTI, he also said the government's target to make India a $5 trillion economy by 2024-25 was never a "feasible target" and was just to pander to the "super-power ambitions" of the Indian elite. About the impact of the second wave of COVID on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.
Creating many more half-decent jobs for the 10 million plus new entrants to the labour force each year must surely constitute the primary development challenge for India today.
As the Under Secretary for Commerce, Juster played a key role in developing the Indo-US deal.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
Chidambaram to meet ministries' financial advisors, PM's economic council.
Juster played a key role in the landmark Indo-US civil nuclear deal.
We now face further uncertainty, Johnson told the House of Commons after the final of 2 important votes.
There may be some losers as well as winners. And those who lose their jobs to the new technology will soon find other employment, says Martin Feldstein.
'I hope that the incoming Biden-Harris Administration works with India to address some of the most profound geopolitical transboundary challenges.'
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
The central government has asked public sector undertakings to dissuade their employees from participating in the bandh.
NITI Aayog has a dual role of a monitor and advisor.
He had come in search of jobs in America to rescue his presidency and India failed him in more ways than one, observes Ambassador T P Sreenivasan.
Juster, 62, is an old India hand who played a key role in the landmark Indo-US civil nuclear deal.
Americans are lucky they have inherited the innovations of the past.
Legal sector may be opened up for foreign investment.
Shivshankar Menon said the government's amendment to the Citizenship Act was a "self-inflicted goal".
At its heart, the issue is more than compliance. It is the risk of possible breakdown of a strong nexus between insurance firms and motor car dealers that makes the business the top earner for the former.
A confrontation with the Taliban in Kabul in this fading light of a twilight zone would have been sheer madness, observes Ambassador M K Bhadrakumar.
Bangalore-born Bhattacharyya, an alumnus of Indian Institute of Technology (IIT) Kharagpur, was awarded the Padma Bhushan in 2002 for his services to science and technology and made a life peer in the UK's House of Lords in 2004.
It took 64 days for COVID-19 cases in India to touch the (May 19) one lakh-mark from 100 cases, and another fortnight to cross two lakh cases on June 3. It took 10 days for the tally to touch the three lakh-mark and another eight days for the cases to climb to four lakh.
The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.
Spurring the economy, currently in the throes of a slowdown, remains the prime focus for most ministries, but the government is also looking to make women's welfare and environmental protection key to policymaking in this term.
India-China relations have always attracted Parliament's attention and there have always been useful and productive and constructive discussions how to engage with China, notes Rup Narayan Das.
The country opened its airspace for all flights except for New Delhi, Bangkok and Kuala Lumpur on March 27.
A moderate GST rate obviates the need for the two-rate structure.
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
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