The Reserve Bank on Wednesday projected inflation to come down below the upper threshold level of 6 per cent by March quarter of the current fiscal. RBI Governor Shaktikanta Das said the central bank will keep 'Arjuna's eye' (focus) on the evolving inflation dynamics and will remain 'nimble and flexible' to deal with the price situation. Global commodity prices, including crude oil, have undergone some downward correction, but uncertainty continues to surround the near-term outlook in view of the prolonging geo-political hostilities. Moreover, the resurgence in domestic services sector activity could also lead to price increases, especially as firms pass on input costs.
'...through the will of the people and commitment of leaders.' 'It may not happen today or tomorrow, but it will happen.'
The oil cartel's decision to maintain the production ceiling at its 2016 level, despite the recovery of the world economy, will ensure shortfalls in supply and high oil prices in the foreseeable future, warns Ambassador D P Srivastava.
'Of the 202 debates, 79 were around attacking Pakistan and 66 attacking the Opposition and Nehru.' 'The PMC Bank scam where thousands of depositors lost their savings got just one,' points out Vanita Kohli-Khandekar.
The Goods and Services Tax will make India a competitor in Chinese-style manufacturing and employment.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
What drives Pakistani men to join its military, despite the toll it takes on them?
The only thing that might justify a response is the desperate state of Pakistan's economy and how its people are suffering. But it's better to be heartless for now, argues Shekhar Gupta.
The Howdy Modi put a dagger into the heart of the 'bipartisan consensus' in the US regarding the relations with (Modi's) India, points out Ambassador M K Bhadrakumar.
Gold has pushed lower as a result of Chinese selling.
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
'The Bharat Jodo Yatra successfully resurrected the Rahul Gandhi brand.' 'There's a critical mass that has built up for the Congress and Mr Modi is feeling the heat on the Adani issue, the raids on the BBC offices, the Opposition getting together.'
Aided by the $57.8-billion merger of HDFC Bank and HDFC, India Inc reported its highest ever mergers and acquisitions in calendar 2022 at $171 billion as against deals worth $145 billion announced last year. The acquisition by the Adani group across cement, media and ports dominated the headlines with the conglomerate making its foray into the cement sector by buying Swiss materials firm Holcim's stake in Ambuja Cements for $6.5 billion. The Adani family's additional $4-billion open offer for Ambuja did not get a response because shareholders preferred to stay invested with the new owner.
We are in this mess as the machinery of the government in a market economy is broken. We need technically sound banking regulation, so that capital is not misallocated, and the landscape does not get littered with zombie firms kept alive through evergreening, says Ajay Shah.
Dubbed as "Jobs Governor", Haley turned South Carolina's economy around during her tenure as governor and transforming the state into a manufacturing powerhouse. She cut taxes, repealed burdensome regulations, and turned South Carolina into "the Beast of the Southeast". Under her leadership, figures note, the state's unemployment rate hit a 15-year low, and when she left office, South Carolina was at full employment.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
India needs a place where all regulators could gather and function as in a war room.
The demand for minerals, boulders and sand is so great that it has fueled a black market and the goons who control this trade do not hesitate to kill law enforcement officers and reporters who have tried to expose them.
'Modi's finest political legacy ought to be a border settlement with Beijing,' asserts Ambassador M K Bhadrakumar.
'Indian-Americans for Trump 2016' -- which was registered as a political action committee on January 21 with the federal election commission -- aims at garnering support of Indian-Americans to have Donald J Trump become the next president of the United States.
This paradigm was brilliantly captured by a Tweet: Given the success of the UPA in dismantling our economy there is a distinct possibility that ISI could actively consider winding up its Indian operations shortly!
Abdollahian, who is on his first visit to India since he assumed office last year, raised the issue of the controversial remarks, made by two former Bharatiya Janata Party spokespersons, in his meeting with National Security Advisor Ajit Doval in the national capital on Wednesday.
Instead of being a facilitator, each political formation has only tried to be an ATM for freebies, feels Veena Sandhu
New Delhi has a chance to rid itself of its image as the bully in the subcontinent by helping a neighbour tackle problems that India, for once, has no role in creating. It should grab the opportunity with both hands, suggests Aditi Phadnis.
'India's manufacturing will take 10-15 years to catch up with China.'
Executives feel political and other turmoil will hit plans, funds flow; govt says fears valid but will prove wrong.
The surge in oil prices has also affected the rupee, which hit a 6-week low of 70.25 on Friday against the dollar.
Haley warned Americans that a Biden-Harris administration would lead the country on the path of socialism, which has failed everywhere in the world.
As the political battle for the future of Maharashtra's political quinquennial future nears its electoral conclusion, Shreekant Sambrani looks at the intertwining nature of national and regional interests and the place for and value of inclusiveness in electoral politics.
In Kerala, the use of black ranges from such convenience to strictures by community and religion to fashion and personal choice. One would have to be really insecure or too fond of the well settled life to see black solely as a badge of protest, points out Shyam G Menon.
For the BJP, the RSS' organisational heft is a prized asset, considering the slew of elections it faces this year, ahead of the Lok Sabha election in 2024.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
'The potential headwind is that the Indian economy is likely to see a slowdown in growth rates over the next two years.'
It was their first conversation since Indian-origin Sunak took charge as British prime minister on Tuesday.
Arun Jaitley and Janardan Dwivedi have rewritten the rules of politics in the Age of the Internet and its young and restless user base, reports Rediff.com's Sheela Bhatt.
What these elections prove beyond any doubt (if ever there was one) that Modi's hold over public mind and Shah's mastery of election management are unparalleled. It doesn't seem likely that they will be matched any time soon in the Indian political scene, reaffirms Shreekant Sambrani.
This is the full text of Finance Minister P Chidambaram's speech on economy to Lok Sabha.
'India is so poor that political parties will not be able to wipe out poverty from our country in another 100 years. I am of the opinion that development can come only through corporates.' 'Tomorrow, if Tata or Birla or Reliance takes up another 500 panchayats, it will boost the Indian economy also.' Sabu M Jacob, managing director of the Kitex group whose NGO Twenty20 has just won a panchayat election in Kerala, speaks to Shobha Warrier/Rediff.com
Russia's main gain will be that in geopolitical terms, Ukraine regains its sovereignty and ceases to be a de facto American colony, observes Ambassador M K Bhadrakumar.
