The only feasible way to have a healthy banking sector could be making it mostly private, along with two or three large, better-run government banks, suggests T N Ninan.
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
The North-West is expected to be hit the most.
China's GDP took the worst hit since the disastrous Cultural Revolution in 1976, plummeting by 6.8 per cent in the first quarter of 2020 as the country took unprecedented measures to fight the coronavirus pandemic that brought the world's second largest economy to a standstill. China's gross domestic product stood at 20.65 trillion yuan (USD 2.91 trillion, approx) in the first quarter of 2020 amid the Covid-19 impact, down 6.8 per cent year on year, China's National Bureau of Statistics (NBS) said on Friday.
There could be a paucity of isolation and ICU beds, and ventilators, according to a study.
The BJP's manifesto for UP elections promised many things. But, given the state's precarious financial position, fulfilling these promises is likely to prove tricky, says Ishan Bakshi.
The dividends for the economy from such a rapid rise in capital expenditure would be huge, observes A K Bhattacharya.
The world's two largest economies, the United States and China, will again win most gold medals at the Olympics and Britain will push Russia into third place in the overall standings, Goldman Sachs predicted in a survey released on Monday.
'As for tricky relations with China, India needs less of summitry type event management and more anticipatory analysis and management of events,' says Ambassador Jaimini Bhagwati.
Unless public health is prioritised over swift re-opening, the chances are that a third wave will hit India sooner than we would like.
'The Budget will have to be substantially re-cast as soon as a new government takes charge after the elections.' 'Both revenue and expenditure numbers will have to be trimmed -- and then may better reflect the deceleration of economic activity caused by slowing consumption trends,' points out T N Ninan.
A change in the desire to buy consumer durables is perhaps the most important indicator of an economy changing direction, explains Mahesh Vyas.
The brokerage said it has high hopes for recovery and reforms following the general elections.
The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India and France, which together accounted for 60 per cent of global military spending, it said.
Citing rising prices, slowdown in growth and depreciation of rupee among the problems facing the economy, the opposition members said in the Lok Sabha that they feared the repeat of the 1991 crisis when the country had to mortgage gold as it failed to meet short-term debt obligations.
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
China is the second largest spender on defence after the US. T
'India is ahead only of Pakistan in the amount spent on each soldier a year.' 'The Indian military is a manpower-heavy throng that is poorly armed, equipped, and trained,' observes Ajai Shukla.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
Modi's government plans to support domestic demand
India's growth is "firming up" while most of the major economies, including China and the US, are seeing stable momentum.
The government is committed to restrict the fiscal deficit at 3.4 per cent of GDP as envisaged in the Budget.
'2020 will show whether India's troubled domestic economic and political house reveals a mismatch in their strategic association or whether closer strategic ties are yet possible,' says Anita Inder Singh.
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
Under the new methodology, the base year has been changed from 2004-05 to 2011-12 and also in conformity with the international practice, the GDP is now measured at market prices.
The MLS and NBA were paying particularly close attention to Friday's events as many of the positive tests occurred in Florida where both leagues have announced plans to restart their seasons at Orlando's Walt Disney World.
With adoption of the new method the size of China's economy last year was about $130 billion larger than previously estimated.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."
'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
Dissatisfaction with the state leadership, along with caste and sectarian factors and economic issues -- particularly those relating to jobs and rural distress cost the BJP.
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. However, stressed loans and impending job losses are the dark clouds, says Devangshu Datta.
In an address at the Council of Heads of Government meeting of the eight-member SCO, Vice President Venkaiah Naidu said the most important challenge faced by the region is terrorism, particularly cross-border terrorism, and that India remained concerned about threats emerging from ungoverned spaces as well.
If the real economy is indeed looking up, then it no longer needs hand-holding and fiscal laxity
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Rediff Labs analysed the data on happiness, peace and human development for countries all over the world.
22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.
With RBI holding on to rates, investors should avoid longer duration funds for the near future, experts tell Joydeep Ghosh
