Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
The vaccination rate needs to go up by three to four times, assert Ajay Shah and Amrita Agarwal.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
Is it time to take a relook at our economic theories? asks Ajit Balakrishnan.
'The crisis has strengthened America's resolve to work towards building its relationship with India as a bulwark against Chinese aggression'
Congress president implored the party to have a 'concrete agitational agenda' to go directly to the people instead of merely being aggressive on social media.
Ajit Balakrishnan offers a thinking man's guide to the angst of the professions.
'If credit is not available, people will postpone buying. That's what has happened.'
Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales. Cars24 now enjoys more than 90 per cent market share among all other similar online transaction platforms. Dhruv Munjal traces the birth of this used-cars platform.
'Businessmen are reluctant to invest because there is a fear that private investors are being targeted by various agencies.'
"The Opposition's mahagathbandhan is an alliance of corruption, negativity and instability. The Opposition has 'dhanshakti' (money power), we have 'janshakti' (people's power)," the prime minister said.
'A mother, a farmer and cattle owner, all have valuable knowledge, but academia has failed to acknowledge their wisdom.'
Nilekani is the president of NCAER's governing body, while Rohini Nilekani is the Founder-Chairperson of Arghyam, a foundation that supports initiatives around the country for safe and sustainable water and sanitation.
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
The Modi PMO is like none other: It is staffed by people who are so low profile that the only dominant personality is the Prime Minister's.
'What India needs to do is to re-build those cultural links in a way it didn't.' 'Clearly, India needs to wake up and spend more time on ASEAN.'
'What we have is the bill and the Act passed by Parliament.' 'And then there is a criterion of exclusion as to who will not be covered in EWS.' 'Beyond that, we have no clue where this idea came from.' 'And most importantly, why is it 10% reservation, and say why not 15% or 20%?'
China said the study was "ridiculous" and based on "superficial" information.
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
The Bank suggested reforms in infrastructure sector.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
'The government is sincerely working on employment generation. Unfortunately, they are depending on these people from Harvard. Their wrong policies are killing jobs. The government has to come out of the Western framework on which they depend upon a lot.'
What do you do when you've lost your job during the lockdown and are unable to get another one? Get expert advice from HR Guru Mayank Rautela.
She also sought confidence building measures to be undertaken on the lines of those initiated in 2002.
'There is no tried and true recipe for creating Silicon Valleys.' 'Attracting and creating a mass of truly dynamic entrepreneurs is at the core and among the hardest and most necessary ingredients.' 'In the US, close to 60% of the top valued tech companies were started by immigrants who found the start-up climate to be superior to where they came from.' 'India would clearly benefit from attracting back its talented Diaspora, but it also needs to hold onto those entrepreneurs.'
Much of the rural recovery story is based on the premise of agriculture doing well. Even if it clocks a growth of 2.5-3 per cent this year, it is still just around 15 per cent of the overall GDP. The non-farm sector, which constitutes a bigger portion of the overall rural economy, is now hampered by disruptions and lockdowns.
'What is forgotten but is actually as important for a society's long run success is morality.' 'Morals and trust are the nuts and bolts of an economy.' 'Without those you can get short run success, but not long-run development.'
The new guidelines can act as a deterrent for students who have for years been unfairly reaping the benefits of the 'Ctrl+C, Ctrl+V' method of research.
'When there is unlocking, there is demand revival.' 'This is going to be the main growth engine in this kind of an economic scenario.'
Xi spoke of the importance of implementing the new development philosophy and advancing the new development paradigm of "dual circulation" in the country's new development phase to ensure a good start for the 14th Five-Year Plan (2021-25) period.
Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone generates $1 billion in annual revenue. Yuvraj Malik explains how these companies are planning their next phase of growth.
A feature of this year's BRICS summit was economic cooperation.
The MoU was signed by New York Consul Geneal Dnyaneshwar Mulay on behalf of the ICCR and Richard L Edwards, executive vice president for Academic Affairs and interim Chancellor, Rutgers University to initiate this academic partnership.
'If some measures are implemented quickly, they can help revive growth.'
Professor Zha Daojiong speaks of the complex issues related to energy security, diplomacy and economics of the region.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
The Chinese envoy recommends an early harvest on the border issue while maintaining peace and tranquillity in the border areas, reports Ajai Shukla.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
'Let the high price of onions clear the market, matching supply with demand.' 'Let onion growers keep exporting -- we are the world's largest onion exporter, export 10% of our production,' advises Naushad Forbes.
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