India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
Havildar Abhilash Singh (retired) has been taken to hospital. He was on relay hunger strike.
Arvind Mayaram, economic affairs secretary at the finance ministry, also said that a fall in bulk diesel demand this fiscal year will save the government about $1 billion.
Instead of failing young Indians, the government should now focus laser-like on education, skilling, healthcare, and the environment, says Mihir S Sharma.
The main factor boosting production was a sustained rise in new work inflows.
After the Chennai floods, insurance companies had got 50,000 claims worth Rs 4,800 crore.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
The RBI had on August 7 announced a five-member expert panel under former ICICI Bank chairman Kamath to make recommendations on the required financial parameters for recasting corporate loans.
The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.
How much are others responsible for the Trump presidency moving in the directions it has, asks T N Ninan.
Call for fiscal autonomy to Union Territories with Assemblies may get louder with 'special status' to J&K in the Finance Commission, say experts.
Here's what celebrities had to say about Arun Jaitley's Budget.
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
Finance Minister Arun Jaitley should not drop the ball on continuing the battle against black money and move towards digital transactions to reduce the preponderance of cash in the economy, says A K Bhattacharya.
As per commerce and industry ministry data, food inflation fell to 4.91 per cent in March from 7.79 per cent in the previous month.
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.
The allocations for social sectors either have been maintained or increased.
The expectation that Mr Modi would be a major reformer, capable of reinvigorating the Indian economy, were based on a complete misreading of both his actions and his performance as Gujarat chief minister, says Mihir S Sharma.
'Course correction today would be good politics and also good economics,' notes T N Ninan.
The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
The Reserve Bank on Friday said the new UPA government, which is slated present the Budget some time in July, should resist pressure for another stimulus as sustained economic recovery would require fiscal consolidation in medium term.
He said the migrants and poor people had great expectations after the prime minister's address to the nation, but sadly...
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
By the looks of it, the Congress cannot hope to return to power even in election 2024. What it can do is to start from the bottom, hold organisational elections, which are honest, and co-opt those elected to form teams of office-bearers at all levels, right up to the working committee. By the very nature of the elections that they are going to lose, the party should use the interim to shore up youth power, or whatever remains, says N Sathiya Moorthy.
Surplus in March, the last month of a financial year, has helped the government reduce fiscal deficit in the last few years.
'Today, political formations seem to adopt an 'us' versus 'them' approach which shows up even in their attitude towards civil servants.'
'This creates an added layer of fear.'
On reforms in pipeline, she said the government is for universal right to minimum wages and wants to remove regional disparity through a national floor wage.
Pandemic-hit auto majors are likely to set aside these time-tested strategies for now, and, instead, focus on attractive finance schemes and an enhanced digital experience.
Tax authorities want to reduce harassment of tax payers by eliminating interface between assessees and taxmen
In its morning update, the Union health ministry said the total number of positive cases has reached 2,16,919 with a record spike of 9,304 new cases since Wednesday 8 am across the country, while the death toll has increased to 6,075 with 260 more fatalities in this period. A PTI tally of figures announced by different states and union territories, as of 9.50 pm, showed a higher number of confirmed cases across the country at 2,17,389 and the death toll at 6,233.
'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.'
Summary of sports events and persons who made news on Friday
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
Current Account Deficit is projected at 1.2 per cent and 1 per cent of GDP in 2014-15 and 2015-16.
He stressed that there was no need to bring the legislation as it was "anti-democratic" and "divided people on the basis of religion". "There is a constitutional crisis. You cannot ignore state governments. You have to take them into confidence," Sinha said when asked about resolutions passed by states against the Citizenship Amendment Act.
It will take a female domestic worker 22,277 years to earn a top CEO of a tech company makes in one year.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances