The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
GSOMIA does not cover the exchange of classified information with Indian private industry. Washington wanted this covered too, given New Delhi's emphasis on the proposed 'strategic partnership' model of procurement.
Indian equity markets have a limited upside potential in the near-term as they negotiate the ensuing cyclical slowdown, wrote analysts at Nomura in a recent coauthored report led by Saion Mukherjee, their managing director and head of equity research for India. He, however, believes that the foundations are in place for sustainable growth over the medium-to-long term, and hence suggests a 'buy on dips' strategy to equity investors. As an investment strategy, Nomura prefers domestic-oriented sectors and companies over exporters, and prefers stocks that provide valuation comfort. Industrials and banks are their overweight sectors, while IT services and consumer discretionary are their underweight sectors.
Pawar on Wednesday visited the Congress office in Pune for the first time after he quit the Grand Old Party 23 years ago.
Jaishankar also made it clear that it is in nobody's interest to see a country get into severe economic difficulties, and that too a neighbour.
They all seem to forget that the Music Academy is as much an independent institution as T M Krishna is an individual musician. In drawing those red lines for the Academy management, they do not even seem to recognise that they too have crossed a red line themselves, points out N Sathiya Moorthy.
The CPI described the election of Barack Obama as the US President as "historic" and expressed hope that he would bring about a change in the US policies, particularly towards West and South Asia.
The Modi government has to embrace the history of Tamil conquests in South East Asia and stop obsessing about Babar/Humayun, argues Colonel Anil A Athale (retd).
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
Juster, who is the Deputy Assistant to the US president for International Economic Affairs and Deputy Director of his National Economic Council, would replace Richard Verma if nominated and confirmed by the Senate.
At a rally held in Bilaspur Chief Minister Jai Ram Thakur presented the PM with a 'Ransingha', a trumpet-like traditional instrument.
'On hard cases like this one, the Supreme Court has only episodically stood against Parliament and the executive government.' 'I worry that this decision sets a precedent where President's rule is imposed in another state... and during the operation of President's rule, the state is fundamentally altered.'
Prime Minister Narendra Modi's landslide election in 2014 raised hopes he would draw a line under India's socialist past, cut welfare and reduce the government's role in business.
'Barring Tamil Nadu and Kerala, the BJP will may make inroads in Karnataka, Andhra and Telangana in 2024.'
The old Parliament building will now be known as 'Samvidhan Sadan', Lok Sabha Speaker Om Birla said on Tuesday as the functioning of Parliament shifted to its new building in New Delhi.
'This committee underscores the Indian State's longstanding conventional approach to leverage top-down conflict management in North East India in general and Manipur in particular.' 'Trying to 'manage' violent conflicts top-down has not worked in the past, and apparently does not seem to work this time either.'
The Biden administration has eased norms by releasing policy guidance on the eligibility criteria for those waiting for green cards to work and stay in America, days ahead of Prime Minister Narendra Modi's visit to the US.
Peace is top priority in foreign policy: PM
'Better to prevent than to wait for evidence. Protection delayed can also mean protection denied'
Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.
As the old Parliament building hosted a session one last time, Prime Minister Narendra Modi on Monday bid a poignant farewell recalling the country's first PM Jawaharlal Nehru's iconic 'tryst with destiny' speech for continuing to inspire everyone and another predecessor Atal Bihari Vajpayee's 'governments may come and go' remark.
On a mission to cool soaring bilateral tensions, United States Secretary of State Antony Blinken on Sunday held extensive talks with his Chinese counterpart Qin Gang on a range of issues, including the Taiwan issue and the Ukraine war.
These self-appointed well-wishers of AMU are basically for the control or police model of university governance. They have no faith whatsoever in the democratic functioning of the universities, observes Faizan Mustafa, former dean, Faculty of Law, and Registrar, Aligarh Muslim University.
At a time when the BJP's stars are at the top on the eve of the Lok Sabha polls, the Puri-Joshimath Sankaracharyas may have kick-started a row whose efforts might be to divide Hindus, not in the name of castes, but on what passes for greater belief, observes N Sathiya Moorthy.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
'While the US-Pakistan relationship has been stabilised, it's still mired in uncertainty.'
According to a survey, one in three persons in the age group of 15-50 years is addicted to smoking.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
'President-elect Biden, in particular, has deep knowledge of, and experience with, dealing with India, serving as a custodian and champion of the relationship long before it was fashionable to do so.'
The G20 declaration, which hit snags on the language to describe the Ukraine war, amounted to a 'coup' for host Prime Minister Narendra Modi though the final compromise statement reflected a stand far softer than those the United States and its Western allies have adopted on Russia, the world media said on Sunday.
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
Soumya Swaminathan called on governments to boost exercises on reporting actual numbers.
Speaking at an event in Mumbai organised by Pune-based Global Strategic Policy Foundation, he said 'sane' Muslim leaders should stand firmly against fundamentalists and added the minority community does not have to fear anything in India as Hindus don't hold enmity towards anyone.
We as customers have to be conscious and careful to sidestep numerous types of frauds made possible under a mindless shift to a digital ecosystem without customer-redress procedures, warns Debashis Basu.
'The vaccine policy should be such that all people should get the vaccine free.'
During these seven decades, the IAF has lost 2,374 aircraft to crashes. They include 1,126 fighters and 1,248 non-combat aircraft. In addition, 229 trainers and 196 helicopters have crashed. These crashes have resulted in the deaths of 1,305 skilled pilots, note Ajai Shukla and Devesh Kapur.
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
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