The free fall of economies could be arrested only after a massive coordinated effort by world leaders from the G-20 nations.
'Even one accident can cause problems for the entire coastal system.'
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
The government has revised gold import data, bringing down numbers for November by $5 billion to $9.84 billion, possibly to rectify double accounting of inbound shipments. According to revised data of the commerce ministry arm Directorate General of Commercial Intelligence and Statistics (DGCIS), gold import numbers have been slashed since April 2024, revealing excess imports of about $11.7 billion during the first eight months of 2024-25.
US-based Citigroup is likely to allocate more global roles to India than to any other centre it operates in due to the country's strong talent pool, said Jane Fraser, chief executive officer of Citigroup, on Wednesday in an interaction with CNBC-TV18. Fraser also expressed confidence that India will remain the world's fastest-growing economy.
India has its share of both large tech companies and large national laboratories, but why is it that these don't seem to be at the forefront of any innovation news headlines? asks Ajit Balakrishnan.
American economic historian and labour economist Claudia Goldin won the 2023 Nobel Economics Prize for her work examining wage inequality between men and women, the Royal Swedish Academy of Sciences said on Monday. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 was awarded to 77-year-old Claudia Goldin "for having advanced our understanding of women's labour market outcomes" the prize-giving body said in a statement. Goldin will receive 11 million Swedish kronor, or around $1 million, as the sole winner of this year's prize.
'Expect India to keep doing well irrespective of geopolitics.'
'The bull market cycle ran for five years. It's the end of that cycle.' 'The next cycle is a down cycle, and in that down cycle, you will see the Sensex falling from their highs of around 68,000 to maybe 40,000-50,000 at the bottom of the cycle.'
India should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports.
Simplifying investment policies at the micro level and introducing a time-bound framework will be critical for India's growth targets, notes Krishna Ella.
We must bring a laser focus on our own interests, and define our friends and foes more clearly instead of trying to live by somebody else's rules. We must grow up, think for ourselves, think India First, asserts R Jagannathan.
India's stock markets corrected recently but foreign money is likely to chase China rather than India in the short-to-medium term, said Chris Wood, global head of equity strategy at Jefferies, on Thursday. Wood told the Business Standard Manthan Summit in New Delhi he is bullish about Indian equities from a long-term perspective, but for the short term he is cautious given the quantum of foreign investor (FII) outflows and valuation woes.
'Of the 20 trading days of January till January 28, FIIs have been selling for 19 trading days'. 'When did FIIs withdraw money with this kind of intensity?' 'It never happened. It's the first. It did not happen even during the 2008-2009 financial crisis when Lehman went under.' 'Even then you did not have like a 19-day selling spree from the FIIs.'
Funding challenges are not limited to just one think tank. Several scholars say that access for conducting research and getting foreign funds has become a major hurdle for think tanks, with the government raising many questions regarding such inflows. As a result, many think tanks are keeping a low profile and becoming less prolific.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
'The President-elect firmly believes we can avoid conflict with the Chinese Communist party because they need our markets.'
'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'
'A less tense US-China relationship would make Beijing less likely to provoke India -- including on the border -- in retaliation for its close defence ties with the US.'
'We face the risk of remaining a low-income country for a very long time unless something changes in the next few years.' 'Instead of constantly talking about becoming a developed economy, we need to start fixing the problems of the economy one by one.' 'There is so much potential, and we are squandering away the opportunity.'
Sharmistha Mukherjee, daughter of former President Pranab Mukherjee, has alleged a "rot" within the Congress party and called for serious introspection. She criticized the party's lack of ideology and its treatment of non-dynastic leaders, citing the case of former Prime Minister P.V. Narasimha Rao. She also questioned the party's failure to convene a Congress Working Committee meeting after her father's death, highlighting a perceived loss of institutional memory. Mukherjee, who has since left politics, also advocated for a memorial to former Prime Minister Manmohan Singh and a posthumous Bharat Ratna award for him.
'The Dravidian movement was started for the Hindus who were rejected by the upper castes.'
The United States has approved the extradition of Tahawwur Rana, accused of involvement in the 2008 Mumbai terror attacks, to India. The decision was announced by President Donald Trump during a joint press conference with Prime Minister Narendra Modi in the White House. India is currently working on the logistics of Rana's surrender and extradition, with several final steps to be completed before he is sent back to India. The joint statement issued by India and the US during Prime Minister Modi's visit reaffirmed their commitment to fighting terrorism and eliminating terrorist safe havens. The leaders also called on Pakistan to bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks. Rana, a Canadian national of Pakistani origin, is currently lodged at a metropolitan detention center in Los Angeles. He is associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks.
Preparing for the XAT requires a balanced approach, focusing on conceptual understanding, regular practice, and strategic planning, says Rahul K Shukla, convenor, XAT and admissions, XLRI-Xavier School of Management.
'Retail investors have to stick to their asset allocation plans and continuously do portfolio reviews.'
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
The Central Board of Direct Taxes (CBDT) has signed up the country's three top economic think tanks to arrive at an official figure. This will help the government frame policies to tackle the problem.
'If we truly wish to understand and apply Marx's insights today, we must reject the rigid dogmas that later 'Marxists' imposed in his name.'
'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'
A leading expert predicts that the incoming Trump administration will likely continue its pro-India policies, including the Indo-Pacific strategy and Quad, but highlights potential challenges such as trade disagreements, immigration issues, and a possible quid pro quo for technology sharing. The expert also notes that the Trump 2.0 administration may prioritize great power politics over strategic altruism, potentially impacting human rights and religious freedom concerns.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
'People understand Hitlershahi, tanashahi and now Modishahi.'
Every mobile user is a content creator and broadcaster and has the moral responsibility to ensure the veracity of the information shared by them, Minister of State for Information and Broadcasting L Murugan said in New Delhi on Thursday.
United States President-elect Donald Trump's plan to overhaul the government with a new department headed by tech billionaire Elon Musk and Indian-origin entrepreneur Vivek Ramaswamy will be a biggest threat for China as it has to compete with far more efficient US political system, a policy advisor to the Chinese government said.
'Trump administration wanted a positive tone at this summit, but there was still some anxiety that there could be some awkward moments -- and there were not.'
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
'Within India, people want high-quality, personalised banking services, and the demand for such services has exploded.'
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