'The global semiconductor shortage has inadvertently provided an immense fillip to the pre-owned car market'
Union Home Minister Amit Shah and chief ministers of some BJP-ruled states were among those present at the Raj Bhavan ceremony.
The former finance minister was in Mumbai to address Congress party's poll rallies.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The Centre set up a political tug of war with opposition parties which have planned to observe it as a 'black day'
'Is India going to miss some more of its potential demographic dividend?' 'If so, it would be for two reasons: The demographic dividend can be fully exploited only if the people in the working age are actually working.' 'And second, if those working have proper education and skills, making them productive in the workplace.' 'On both counts, the country has fallen short,' points out T N Ninan.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The former RBI Governor also emphasised on the need to boost economic productivity and attract investments.
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
The sad truth is that the debt-to-GDP ratio will shoot up close to 90 per cent in the coming year, and the fiscal deficit glide path does not promise to reduce it substantially any time soon, predicts Mihir S Sharma.
Take part in the growth story, Amit A Shah tells Corporate India.
The economy is growing at 7.5-8 per cent, the finance minister said.
India's exports to China stood at $7.56 billion during the period whereas the imports have jumped to $52.26 billion in April-January
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.
'The next general election is four years away. That's enough time to recover -- provided the government stops spending and taxing so much,' says T C A Srinivasa-Raghavan.
China and India have become the two strongest driving forces for the world's economic growth.
'Modi has given India its 'lost half-decade'. Elect him again and by 2024 it will be a lost decade'
Barring a few, most of the B-schools end up as mere fillers for aspiring students, says Ramesh Kailasam. India needs to have more focused B-schools which are qualitative and practical oriented to churn out students ready to take on the challenge to steer India Inc. and the nation forward.
Before growing 2.8 per cent in latest April-September period, IIP had seen negative growth of 0.1 per cent in 2013-14 period.
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
Experts believe dollar may continue to appreciate due to an increase in US economic growth
'Should you give a man fish, or teach him how to fish?' 'Lurking hidden in the new bout of welfarism seems to be an admission that the State can't deliver for the poor anything other than cash,' notes T N Ninan.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
Inaugurating the two-day 'Global Investors Summit' hosted by Assam, Modi said the National Democratic Alliance government has speeded up the functioning of official machinery and "we want all programmes to be completed before target".
Fall of rupee is not necessarily a bad thing as it will support exports which will help bridge the gap in current account deficit, Chief Executive Officer of Nordea Asset Management Company Allan Polack said.
The dollar-rupee rate could move in the opposite direction if dollar policy rates rise and the FPIs sell in December, says Devangshu Datta.
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
From college intake to visa guidelines, here's everything you'll need to know before signing up for a course in New Zealand.
What is required from government is intellectual framework.
E-commerce giant Amazon and Infosys co-founder N R Narayana Murthy's Catamaran Ventures have "mutually decided" to not continue their joint venture (JV) beyond the end of its current term. The JV, Prione Business Services, which has been running successfully for the past seven years, was coming up for renewal on May 19, 2022. The JV enabled over 300,000 sellers and entrepreneurs to go online. It also enabled 4 million merchants with digital payment capabilities, providing these small and medium-sized businesses (SMBs) and merchants access to millions of customers across the country.
There's no silver bullet to get rid of poverty, says Alok Sheel.
Miller insisted that any legal immigration system should not displace American workers and there should be no abuse of 'fraud'.
History would indicate that a recession is not that far off.
With 202,014 students, India sends the second largest number of foreign students to the United States, a report said.
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.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
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
The prospects for strong, sustained economic reforms do not appear to be promising in India.
