'We need to see more Indian Americans and people of colour hold elected office and serve in executive roles.'
India's public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said.
Given the developments, analysts expect fiscal and monetary support from the government and RBI to revive sentiment. However, recovery, they say, from these levels will be slow and painful.
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.
The study was ordered in March 2011 when the nation was debating on the amount of unaccounted income with figures projected by politicians and civil society in crores of rupees.
Arun Shourie, a minister in the Atal Bihari Vajpayee Cabinet, has hit out at the Narendra Modi government, saying its economic policy was "directionless" while the social climate was causing "great anxiety" among the minorities.
The Planning Commission, which was established in 1950, will be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi announced that it will replaced by a new body.
"If we have to recognise a government, the first thing is that we will need to wait until the government is formed," Chinese foreign ministry spokesman Zhao Lijian said.
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
'For a responsible person like him to utter such nonsense is shameful.' 'He is not fit to be a director on the RBI central board.'
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
'In South Asia, unlike Southeast, East, or Central Asia, there is a natural hegemon: India. China cannot cast it aside easily'
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
At the same time, the UN said in a report, the performance of private investment remains a key macroeconomic concern.
'If you delay the diagnosis even by 24 hours, in that 24 hours individuals would have affected more people.' 'So, contact tracing, testing, isolation, quarantine needs to continue.'
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.
'Chinese experts estimate that the new US administration is 'at the crossroads of how to re-manage and control' Sino-American differences and strategic divergences and Biden's bottom line is that the US would have 'extreme competition with China, but won't allow competition to develop into conflict',' notes Ambassador M K Bhadrakumar.
The BJP continuing to look at the Dravidian polity through the religious prism has not worked in Tamil Nadu whereas it has yielded political and electoral results across much of the rest of the country, observes N Sathiya Moorthy.
A flop Bharat Jodo Yatra could unleash more resignations from a party which under its current leadership is dying a slow death, warns Virendra Kapoor.
The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.
Pro-growth economist Arvind Panagariya has been appointed as first vice-chairman of the newly announced NITI Aayog, which has replaced the Planning Commission.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
While FIIs have pumped in nearly Rs 17,000 crore, MFs have been net buyers to the tune of Rs 9,000 crore.
'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
In the changed circumstances and attitudes in Britain, we must let bygones be bygones, argues Colonel Anil A Athale (retd).
former Prime Minister Manmohan Singh on Wednesday met Prime Minister Narendra Modi and the two discussed issues related to the economy and foreign policy.
Jaitley exuded hope that the land reforms bill in its new shape would be able to get through the Rajya Sabha.
How much will the banks' bad assets grow in March? It could be anywhere between Rs 1.2 trillion and Rs 2 trillion, observes Tamal Bandyopadhyay.
'He was always opposed to a form of nationalism that was narrow, selfish and arrogant.' 'He will always remain a beacon of inspiration for freedom-loving people across the world and for movements of resistance against oppressive State power.'
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
'When a soldier becomes a king, he better be a king. He should now just forget the past and move beyond continuity. He should catch the potential of India's moment and play a leader's role,' says Vallabh Bhansali of Enam Group.
Market players said a big upmove by the market will depend on policy action by the government to revive economic growth and corporate earnings revival.
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is 'nowhere' near such a scenario. In an interview with PTI, Subbarao suggested that to deal with the second wave of COVID-19 induced slowdown in the economy, the government can consider Covid bonds as an option to raise borrowing, not in addition to budgeted borrowing, but as a part of that.
The report said that "we believe, institutions are more important than individuals" and ultimately what is important is the credibility and the independence of any institution and nothing else.
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