The revival of long-term growth is highly dependent on the revival of private investment.
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
After turning net buyers for the fifth straight month till June, foreign portfolio investors (FPIs) withdrew a net of Rs 11,743 crore ($1.7 billion) in July. This was their highest outflow since October 2018.
No country has achieved a faster, deeper modern transformation than China, says former ambassador Kishan S Rana.
"The political stars never quite aligned but a solution similar to the Northern Ireland Good Friday Agreement, with a soft border allowing locals to travel freely from one part of Kashmir to the other, will have to be the outcome of any peaceful solution," he noted.
'A sense of purpose is lacking in India's diplomacy.' 'This is what happens when foreign policy becomes the stuff for grandstanding before the domestic audience,' says Ambassador M K Bhadrakumar.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
'Imran Khan hopes to fulfill the dreams of the founders of of Pakistan in establishing an Islamic Welfare State.' 'The grave situation of the economy makes realisation of this dream very difficult,' points out Colonel R N Ghosh Dastidar (retd).
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
Despite the recent imposition of import rule and high duties, the yellow metal continues to attract buyers.
'Misplaced national priorities have brought the economy to a cul-de-sac,' says Ambassador M K Bhadrakumar.
Stability in currency markets was only restored from September.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
'We don't know how much the Pay Commission outflow will be.'
'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.
The time is ripe to extend the confrontation with the Chinese to the maritime domain, says former RA&W officer Krishan Varma.
Pakistan's 'approach is one of getting even, an eye for an eye, or death by a thousand cuts.' 'The entire effort is to be the equal of India. Unfortunately, the reality is that this can never be the case.' 'India will always be the bigger, economically stronger, technologically more self-reliant country.' 'Therein, lies the dilemma Pakistan faces which leads it to perennial enmity with India,' notes Ambassador Gautam Bambawale in the Air Marshal Y V Malse Memorial Lecture 2019.
In India post the success of masala and green bonds on the LSE, Nikhil Rathi tells Rajesh Bhayani that there are many international investors interested in buying into the India story
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
The government planned to borrow 10-15 per cent of the total borrowing offshore. That works out to at least Rs 71,000 crore, or about $10.4 billion at Friday's exchange rate.
Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.
Chinese Foreign Ministry said international community should respect sovereignty and independence of the Maldives.
Blinken and Indian leaders on Wednesday will discuss a plethora of pressing issues such as the fluid situation in Afghanistan, regional security concerns, COVID-19 response and ways to boost Indo-Pacific engagement, people familiar with the agenda of talks said.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
World trade has been growing slower than world GDP since 2012.
After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
Resolving the TBS challenge comprehensively would require 4 Rs: Recognition, recapitalisation, resolution and reform.
The biggest lesson China can teach India is that when it comes to sustaining a love affair with investors, nothing works better than an undervalued currency and its by-product: a current-account surplus.
During Vajpayee's tenure, he was there as an indispensable insider, witness to every action that had an impact on history: Pokhran-II (nuclear tests in 1998), the 1999 Kargil conflict between India and Pakistan, the Indo-Pak Agra Summit in 2001, intense engagement with the United States on nuclear issues besides the Kandahar hijack.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
'If the situation escalates, then mini-scale firing might happen.'
Sharad Kumar has been training in Ukraine since 2017 in his bid to win a medal at the Tokyo Paralympics, postponed to next year due to the pandemic.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
The majority in the markets believe that a September lift-off is likely.
The rupee's recent decline is sharp, yes, he says, but the tale would be scary if India was like the Asian crisis countries of 1997-98, or even Argentina in 2001, when large amounts of debt was denominated in foreign currency. According to him, India's percentage of external debt to GDP was around 20
