Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
Growth has been under pressure since the lockdowns related to Covid-19 started and fresh prescription generations slowed.
A government source on Saturday said that the matter related to Pegasus software is being monitored by a committee under the Supreme Court and its report is awaited.
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
The human resource development ministry is slated to introduce a bill in the monsoon session of the Parliament to provide for an internationally acceptable certification for Indian engineers.
Surface temperatures have increased rapidly during the past century, leading to an increase in the frequency and intensity of tropical storms in the Arabian Sea, reports Sanjeeb Mukherjee.
The economy grew by 4.4 per cent in the first (April-June) quarter of current fiscal. In 2012-13, the gross domestic product growth fell to a decade low of 5 per cent.
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
Whether we flew aircraft or mastered plastic surgery is immaterial for modern India, what matters is if ancient Indians understood the science and art of settlement planning, architecture and governance of natural resources. This is the history we need to learn, says Sunita Narain
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
'There is a weak link between the economy and the stock market.'
The Centre has also listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill.
Investors continue to back-up equity mutual funds in June as such schemes attracted a net inflow of Rs 15,498 crore on strong flows from systematic investment plans despite volatility in the stock market and relentless selling by Foreign Portfolio Investors (FPIs). This also marked the 16th straight month of positive inflow in equity schemes. Inflows into equity mutual funds in June was lower compared to the net inflow of Rs 18,529 crore seen in May, data from the Association of Mutual Funds in India (AMFI) showed on Friday.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
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.
India remains one of the most over-owned market in Asia.
Riding high on the hopes of a normal monsoon, the agriculture ministry aims to increase foodgrain production by 6.35 million tonnes to a record 298.3 million tonnes in the 2020-21 crop year. The foodgrain output in the 2019-20 crop year (July-June) is estimated at an all-time high 291.95 million tonnes, as per the second advance estimates released by the ministry in February.
More than 300 verified mobile phone numbers, including of two serving ministers, over 40 journalists, three opposition leaders and one sitting judge besides scores of business persons and activists in India could have been targeted for hacking through an Israeli spyware sold only to government agencies, an international media consortium reported on Sunday.
As soon as the House met at 2 pm, papers were laid on the table and two resolutions adopted amid slogan shouting and protest by Congress members.
The Congress on Saturday attacked the Centre over a New York Times report which claimed that the Indian government bought the Pegasus spy tool in 2017 as part of a deal with Israel, alleging that the government indulged in illegal snooping using the spyware which amounts to 'treason.'
Leading two-wheeler maker Hero MotoCorp is going full throttle to launch a Harley-Davidson model with retro styling as it looks to enter a very profitable segment in the premium motorcycle space, according to a senior company official. The alliance between Hero and Harley-Davidson fructified last year after the iconic US two-wheeler maker announced discontinuation of sales and manufacturing operations in India, a decade after it started selling its premium bikes in the country. "There are two legs to the Harley tie up strategy. One of course is that we are the sales distributors for Harley bikes in India.
The Opposition alleged that without any provocation from the Opposition, "outsiders who were not part of Parliament security were brought in to manhandle the Opposition leaders and members, including women Parliamentarians who were only protesting against the Government's conduct, highhandedness and muzzling of the voice".
With the Covid-19 pandemic showing signs of ebbing and economic activity picking up, factory owners in Jalandhar had hoped that the worst was over. However, the heat wave in April and extensive power cuts that came with it, have crushed their hopes. The city's large number of micro, medium and small enterprises (MSMEs) are now gearing up for yet another struggle, this time to survive with the shortage of power that is severely impacting their operations.
Former Congress chief Rahul Gandhi, Bharatiya Janata Party ministers Ashwini Vaishnaw and Prahlad Singh Patel, as also former election commissioner Ashok Lavasa and poll strategist Prashant Kishor were among those whose phone numbers were listed as potential targets for hacking through an Israeli spyware sold only to the government agencies, an international media consortium reported on Monday.
The agenda for the meeting is 'Evidence of the representatives of the Ministry of Electronics and Information Technology, Ministry of Home Affairs and Ministry of Communication (Department of Telecommunications) on the subject of 'Citizens' data security and privacy'.
Gujarat opener Priyank Panchal is likely to lead India 'A' in three four-day 'Tests' against New Zealand 'A'
The Question hour in the Lok Sabha was also washed out for the second consecutive day as an aggressive opposition stalled the proceedings over the same controversy.
If you thought the Tata Nexon EV was it, wait till you drive the new Tata Nexon EV Max with more battery power, says Rajesh Karkera. Photographs and video: Hitesh Harisinghani/Rediff.com.
India's current account deficit is expected to deteriorate in the current fiscal on account of costlier imports and tepid merchandise exports, according to the Finance Ministry's monthly economic review. The review released on Thursday by the ministry also said that global headwinds would continue to pose a downside risk to growth as crude oil and edibles, which have driven inflation in India, remain major imported components in the consumption basket. For the present, it said, "their global prices have softened, as fears of recession have dampened prices somewhat. This would weaken inflationary pressures in India and rein in inflation."
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
'Rezang La was a unique battle.' 'It was not a large scale battle like the Battle of Kohima which involved a large number of troops.' 'Here there was just a company that fought it out till the last man.'
Indian economy, which is 75 per cent dependent on agricultural output is seen to grow at the rate of 6.5 per cent in 2003-04 on the back of normal monsoon rains.
On Day 2 of Parliament's monsoon session 2020, Defence Minister Rajnath Singh is likely to make a statement on the continuing standoff between Indian and Chinese troops along the Line of Actual Control in eastern Ladakh.
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
Wildlife enthusiasts and nature lovers have started flocking to Assam's two principal habitats of one-horned rhinoceros, Kaziranga National Park and Pabitora Wildlife sanctuary, which have been declared open for tourists for the winter till April-end.
Indian consumers are likely to get respite from rising prices just before the festival season. Some consumer companies, including automakers, have indicated that they are planning to pause price hikes just before demand picks up in August, while keeping a close eye on volatile raw material prices.
