Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
As the coronavirus outbreak enters its fifth month, the UN Children's Fund (UNICEF) requested $1.6 billion to support its humanitarian response for children impacted by the pandemic. The health crisis is 'quickly becoming a child rights crisis. And without urgent action, a further 6,000 under-fives could die each day', it said.
The agreement on pricing last month marks a significant step towards promoting energy security in the region, say Nisha Taneja & Samridhi Bimal.
'There are some high-frequency indicators where uptick is visible and some where it is not'
The steep decline in commodity prices has reversed.
It said an estimated 42-66 million children could fall into extreme poverty as a result of the crisis this year, adding to the estimated 386 million children already in extreme poverty in 2019.
Export of mango, especially alphonso, to European countries has been negligible this season; shipments to the Gulf fell 40-50 per cent.
'With the June quarter GDP shrinking by nearly a quarter, there is an even greater economic imperative: Reduction of uncertainty,' observes Neelkanth Mishra.
Six months after Nepal was devastated by a massive earthquake, relief efforts are literally running out of steam as weeks of protests against a new constitution have led to a critical shortage of fuel. Naomi Mihara reports on how NGOs are racing against time to reach aid to the people before winter sets in.
Unseasonal rains and hailstorm are likely to disrupt supplies.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
'People are already sending congratulatory messages. But I have said, "Please don't until the trials are over".'
Non-resident Indians (NRIs) are very positive about India
There is a need for stimulus, as India is essentially a consumption economy, argues Cargill India chairman Siraj Chaudhry
'There is a need for stimulus, as India is essentially a consumption economy.'
he government is examining a plan of bank recapitalisation and considering an urban version of MNREGS.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
'And they are going to be milder because we are dealing with the vaccinated and are much richer in terms of the immune response in the population.'
'As far as Kashmir is concerned, a 'solution' was very much in play, and had brought endemic violence across the Jammu and Kashmir regions very much under control before the disruptive adventurism of the present regime resulted in a limited and localised escalation.'
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
With the government asking the companies to operate with only 50 per cent staff strength, and exports dipping to almost zero, the truck and bus drivers idling at the petrol pump say they hardly have any work now. At a petrol pump on the deserted Bavla-Changodar highway near Ahmedabad in Gujarat, several trucks and buses are neatly parked in a row.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
From India's fight against COVID-19 to China face-off, Kovind spoke on several issues during the televised address.
Making it easier to do business is a key element of our strategy, says Foreign Secretary S Jaishankar.
Automobile companies are worried about challenges from electric mobility, automation and connected vehicles.
BSE Mid-cap and BSE Small-cap lost 2.5% and 3.1% after oil prices soared
Labour unions, with a history of hostility towards management, are pushing back on Coal India's plans, fearing modernization and outsourcing will hit jobs.
In remarks titled 'Implement Consensus and Handle Differences Properly to Bring China-India Relations Back on the Right Track' posted on the Chinese embassy website, Sun spoke of disruptions in the bilateral relationship and outlined five steps to clarify 'some fundamental points'.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
The BSE Sensex moved up 103 points to 35,319.35, while the wider NSE Nifty finished at 10,741.70, up 23.90 points.
Among the gainers, Sun Pharma topped by rising 3.03 per cent as the weak rupee tempted buyers to accumulate shares of pharma exporters.
'Our network somehow saves 3,000 lives every year, but there's so much more to do, as every death due to shortage of blood is easily avoidable.'
India needs to take note of China's assertiveness in implementing its national security law as also its recently exhibited sensitivity to criticism of Xi Jinping by the Indian media, says former senior R&AW officer and China expert Jayadeva Ranade.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
It is time to reset expectations as government will move with alacrity on social policy, not on economic reforms.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
Though inflation, on the basis of the wholesale price index, is nowhere near the 1990-91 level of 10.26 per cent and India is in a much better position to check it, the greater integration of our economy with the globe has exposed it to a much higher risk of imported inflation.
India is affected by a 'resource inefficiency curse'.
Dharmendra Pradhan lays bare the next course of action for his ministry and says RIL will have to pay the same price at which it produced the volumes.
