After the Kerala government declared the coronavirus outbreak as a 'state calamity', as the three positive cases were detected from Thrissur, Alapuzha and Kasaragod, tourism minister Kadakampally Surendran admitted that the sector had suffered a hit. The sector had aggressively launched promotional advertisements in the domestic and international markets after the floods to revive the sector. However, all the efforts took a beating, with mass cancellations of hotel bookings after the outbreak of the infection in the state was reported.
Experts said a dip in consumption expenditure indicated an increasing prevalence of poverty in the country.
The opposition party also claimed that the Modi 2.0 dispensation has turned out to be an "economic and political disaster" and "constant rollbacks" of economic decisions will lead to worsening of the economic situation.
'Karna is the greatest warrior in the Mahabharata -- in fact, Arjuna is a nobody in front of Karna.' 'But Arjuna had a better advisor in Krishna than Karna.' 'Karna failed because he listened to the wrong advice given by Salya.' 'It just shows wrong advisors can land even the mighty in trouble.'
The prospects for strong, sustained economic reforms do not appear to be promising in India.
Referring to the COVID-19 pandemic, Modi said India has always prided itself as the first responder in the region - a friend in need.
Jaitley said a very large number of reforms have taken place over the last few years and that has helped in restoring the credibility of the Indian economy
History would indicate that a recession is not that far off.
China's strong manufacturing base and India's software and scientific skills had massive potential both as a production base and for creating a consumer market.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
The former PM attack on the Modi government for its "disastrous policies" and "economic mismanagement".
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
Higher growth, reform bets have boosted returns but leave limited room for error.
'It may take two years for the economy to return to normal.' 'We should ensure that the vulnerable do not dig into their savings or give up their assets because that will set them back by several years.'
The brand plans to open about 40 franchise-operated Gap stores in India, the company said in a statement.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
Make in India right now is just a slogan. The policy content is missing or not clearly articulated. The lion with cogs and wheels must now show some majestic movement forward, says Rahul Khullar.
The Modi government has ambitious plas to achieve 10% growth, but there is no assessment of how much money is needed for the whole package of measures, and where it will come from. In short, there is no plan for how to get from here to there, points out T N Ninan.
'We are working on both electric scooters and motorcycles.'
In his departure statement ahead of his week-long visit, Modi referred to Indo-US relations and said working together, the two nations can contribute to building a more peaceful, stable, secure, sustainable and prosperous world.
The announcement comes on the first anniversary of the project.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Modi is also scheduled to hold a bilateral meeting with Xi on Tuesday.
After Prime Minister Manmohan Singh's aggressive stance in Rajya Sabha, the Bharatiya Janata Party on Friday said he looked for "alibis' in his speech on the state of the economy and his words reflected "pessimism and negativism".
He underlined that Lok Sabha election results in India show that the Modi government kept alive and strengthened the 'expectation of change' in the country.
'As they come in contact with more people in their professional life, they will need to uncover even more opportunities for growth.'
Just as very high oil prices looked an anomaly in a sluggish world, so now do record high equities.
Echoing the position articulated by Prime Minister Manmohan Singh, China and Russia on Thursday warned that imminent withdrawal of fiscal stimulus by the US could have an adverse impact on the global economy and cautioned the Obama administration against it.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Experts point to the bitter experience of countries including Mexico, Thailand, South Korea and Russia and desist from going forward with plans of issuance of such securities. They say rather than going abroad, the country should increase participation of foreign investor in the government securities which does not have any forex risk.
India ranks 130th out of 189 economies on the World Bank's Doing Business report.
'Long-term retail investors should not worry about these sharp dips and jumps if they have chosen their stocks wisely.' 'Short-term volatility is a given and a rise and fall of two-three per cent should not worry them.'
For its development, India needs a movement akin to the freedom movement, Prime Minister Narendra Modi said on Saturday.
Global investors are fast losing appetite for equities, as deflation seems more of a reality. With commodity prices collapsing, few safe havens are left for investors, with many of the BRICS(Brazil, Russia, India, China and South Africa) losing their charm.
While the latter is being viewed as a greater concern, the former may gain prominence in the next few weeks.
The year 2015 may well turn out to be a watershed in global macroeconomic adjustment.
It is in coal consumption that India most diverges from the rest of the world
Sales jumped 32% as compared to the previous year
IMF attributes the slower growth rate to supply-side bottlenecks.
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