Reserve Bank Governor Shaktikanta Das on Wednesday pitched for higher investment in infrastructure and reforms in labour and product markets to achieve sustainable growth post-pandemic. Addressing AIMA National Management Convention, Das underlined the need for increased investment in healthcare education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
His remarks assume significance at a time when a large number of Indian students, many of them studying medicine, have been stuck in Ukraine following the Russian attack on that country.
'There is no scope for any doubt. This was a scheme designed to enrich the ruling party.'
Word cloud of outgoing President Ram Nath Koinvd's speech in Central Hall of Parliament building in New Delhi.
'A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals.'
The bill which would have given a two-year window to bring a replacement of Obamacare was defeated by 55-45 votes on Wednesday in the Republican-majority Senate.
China is trying to legitimise its claim over Tibet through museums, and cultural institutions in the region, according to Tibet Rights Collective.
For successive governments the Election Commission remains a 'holy cow', where unhealthy precedents are allowed to be nurtured since Independence, says N Sathiya Moorthy.
Increasing female economic participation by ensuring equal work opportunities for women and expanding access to education and skills training for female entrepreneurs.
The broader NSE Nifty index too finished lower by 4.80 points, or 0.05 per cent, at 10,632.20.
As of last year, India had 1.3 hospital beds per 1,000 people.
The US is the biggest market for the outsourcing industry.
US President Barack Obama on Monday asked the country's largest doctors' group to help him reform America's expensive health care system, making it affordable for millions of uninsured Americans, as he likened the escalating health care costs to a time bomb that may make the country go "broke".
Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
A delegation led by Egyptian Minister of Health and Population Dr Hatem El Gabali met Union Minister of Health Anbumani Ramadoss on Wednesday and discussed about the reforms in health care and pharmaceutical sector in both the countries. Both sides will work in the field of combating infection, reform in health sector, transfer of vaccine technology and Information Technology area.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
Shringla said India will continue to work towards the reformed United Nations during its stint as a non-permanent member of the UN Security Council.
The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
Finance Minister Nirmala Sitharaman will have to do a tight-rope walk between staying fiscally prudent and general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy before general elections. Sitharaman will on Wednesday present her fifth straight Budget at a time when the economy is slowing due to global headwinds and specific sectors need attention. In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.
The BJP welcomed the CBI move, claiming that it had been saying all along that Kejriwal was the 'mastermind of the liquor scam'.
Most of the 400,000 Pentagon staff sent home amid the US government shutdown have been ordered to return to work even as the deadlock over the federal budget between Republicans and Democrats entered its sixth day on Sunday.
Doggedly persisting with its much-criticised zero-Covid policy, China has slipped deeper into the coronavirus quagmire as it reported a record 31,444 infections on Thursday with many of its cities, including Beijing, resorting to community lockdowns to stem the virus amid worsening wintery weather.
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Shedding its gains from Monday, NIkkei has declined around 0.7% while Hang Seng and Shanghai Composite were trading marginally lower.
Prime Minister Narendra Modi made a strong pitch for deeper ties in key areas of counter-terrorism, climate change and UN reforms.
Portugal's shortage of health staff, especially those specialising in gynaecology and obstetrics, has led to the government considering hiring from abroad.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
US said access to affordable health care entails a large number of factors from rates, logistics to insurance reforms.
Foreign Direct Investment (FDI) is critically important for India to become a $5 trillion economy, Deloitte CEO Punit Renjen said while noting that over two-fifths of the 1,200 business leaders surveyed in the US, UK, Japan and Singapore are planning additional or first-time investments in India. Referring to the survey, he said India continues to be "one of the most attractive" FDI destinations. "Despite the COVID-19 destruction, inflows hit a record high last year. "Business leaders, whom Deloitte surveyed, are preparing to make additional and first-time investments in India," Renjen said.
The general secretary of the world players' union FIFPro has blasted FIFA.
The US federal government was due to start partially shutting down on Tuesday after lawmakers failed to compromise on an emergency spending bill before a midnight deadline.
'Investors need to have a fairly diversified basket of funds within equities.' 'We want them to allocate to largecap funds, midcap funds and flexicap schemes.'
The president made a special mention of the threat to the environment and asked all citizens to take care of it for future generations.
Stating that open markets mean more opportunities, Modi said during the last six years the government has made many efforts to make the Indian economy more open and reform oriented.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
The Budget kept away from mood dampeners such as an increase in taxes (capital gain taxes) and even the much-feared introduction of Covid cess and wealth taxes, says Nimesh Kampani, chairman, JM Financial.
Neera Tanden, one of the senior-most Indian Americans in the Obama administration, has quit the administration to rejoin her former liberal and progressive think tank in Washington, DC. She was a key adviser on health-care reform policy and worked with Health and Human Services Secretary Kathleen Sebelius.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
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