'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.
"High rate of economic growth has bypassed 77 per cent of population, which is living on a meagre income of Rs 20 per day... barely sufficient to survive," he said, while addressing the eighth Editors' Conference on social sector issues in New Delhi on Thursday.
Canadian Prime Minister Stephen Harper is leading an official delegation on a three-day visit to India during which the two countries are expected to finalise a civilian nuclear deal and ink a major economic treaty. Harper arrived in Mumbai late Sunday night after attending the Asia-Pacific Economic Cooperation (APEC) summit in Singapore.
Poverty figures for 2011-2012 have shown a steep decline since 2004-2005.
'Section 153A is not meant to protect fragile sentiments of the majority Hindu community who choose to get offended by slogans celebrating the success of the Pakistani cricket team.'
"In the next five years both India and China will continue to grow very fast. Both will struggle to gain influence in global decision making that is commensurate with the size of their economies," says Arthur Kroeber.
Ambani is also the year's biggest gainer, adding USD 9.3 billion to his wealth amid the continuing success of his Reliance Jio broadband telco service.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
I tried to reason in my mind that wouldn't beating Pakistan again and again -- in the league matches and in the knockouts if they made it -- be a better tribute to our martyred soldiers? A revealing excerpt from Vinod Rai's Not Just A Nightwatchman: My Innings In The BCCI.
Although the services sector is a huge success, the biggest challenge for the Indian government is to build public support for the sector.
'Outside investors don't want to get tangled up in a religious war.'
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
India's economic growth does not match its intellectual prowess, but now the government and the private sector are waking up, says Hong Kong tycoon Ronnie Chan.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
A report published in British journal The Lancet reckons India's working population will surpass China's in the mid-2020s.
'Those who worked with him or came to know him rated him as one of our best, with a sharp intellect, unfailing courtesy and ready wit.' Ambassador T P Sreenivasan fondly remembers Ambassador B S Prakash, wonderful human being, unusual diplomat and long-time Rediff.com columnist, who passed away into the ages on Monday, October 4, 2021.
'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.
Human memory about policy issues is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor 'doing business' climate, taxtortion, extortionate oil prices, and high dependence on babus and the big State that has kept the enterprise system stifled, observes Debashis Basu.
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
Prime Minister Modi made a strategic blunder of Nehruvian proportions -- presuming no war can happen now, and the Chinese won't be a military threat and risk their economic interests, observes Shekhar Gupta.
'When growth drops precipitously from 7% to 4.5% in four quarters, it is for all practical purposes a recession' notes T N Ninan.
China's growth model is based on the oldest rapid economic growth hormone available: debt.
The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.
'We can only hope that the government has finally 'got it' and will stay focused on improving productivity, demand, and governance,' says Debashis Basu.
Karzai said Afghanistan wanted India and Pakistan to sort out their problems.
Cannot solve problems by perpetuating poverty in the name of environment, the prime minister said.
If the earnings in the first quarter of the current financial year are an indication, most banks, particularly those majority-owned by the government, have fared well, reveals Tamal Bandyopadhyay.
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.
TIME also named freedom fighter Amrit Kaur as 'Women of the Year' for 1947
Biden and Harris are the leaders we need at this time to do the painful but necessary work of creating a more inclusive -- and united -- nation, points out Murali Kamma.
In the final segment of a four-part interview, Communist Party of India-Maoist general secretary Ganapathy says the Maoists are prepared to come to the table for talks provided the government agrees to their main demands.
Ravi Shankar, a senior Indian journalist working with a leading state-run English newspaper, was presented with 'Friendship Award', China's highest honour for foreign experts for their contribution to the country's economic and social development.
The last edition of the 14-year-old morninger, which had already stopped from Delhi and other centres earlier, will come out on Thursday from Mumbai and Ahmedabad, the broadsheet owned by Zee group's Subhash Chandra's Essel group said.
'The more the news media weakens, especially at this juncture of economic ruin with lay-offs and wage cuts, the more the owners and journalists weigh their value in terms who they are close to, the more they depend on the State to bail them out of trouble, slow-fry their rival, the faster it pushes us towards institutional destruction,' warns Shekhar Gupta.
'The world does not care about the tension on our border.' 'India has to emerge as a strong economic power.' 'Respect comes when the world sees a country with a direction and leadership that has a vision,' points out Ramesh Menon.
'The redrawing of the map with the inclusion of Kalapani area by Nepal and endorsement from the House of Representatives shows the KP Oli government's move to gain cheap popularity in the name of nationalism'
Ajit Jain, rediff India Abroad's Managing Editor, Canada, who is traveling with Canadian Prime Minister Stephen Harper on his first-ever visit to India, reports on the opening of the Asia Pacifiv Economic Cooperation conference in Singapore.
