It took 64 days for COVID-19 cases in India to touch the (May 19) one lakh-mark from 100 cases, and another fortnight to cross two lakh cases on June 3. It took 10 days for the tally to touch the three lakh-mark and another eight days for the cases to climb to four lakh.
He said the 'toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society' is stifling economic activity and growth.
Why are the poor turning Right instead of turning toward far-Left parties, ponders Pranab Bardhan.
'The origins of the model of planned economic development adopted by independent India was a direct consequence of the war.' 'The war provided an opportunity for groups at the margins of Indian society to find new avenues for mobility.' 'The war also led to the emergence of India as a major Asian power and set the stage for it to play a wider role in international politics.'
The pandemic has led to the International Finance Corporation massively ramping up its impact investment in the country - its largest client nation globally - at $1.7 billion as of June, a 51 per cent rise over the past 12 months, the largest developmental lender into third world private sector said on Tuesday. This is nearly half of its investment in the whole of South Asia since the pandemic, which touched $3.8 billion as of June 2021, it said. "Our total commitment to India, which is our largest client country globally, at the end of June stood at $1.7 billion representing an increase of over 51 per cent from last year," IFC vice-president for Asia and the Pacific region Alfonso Garcia Mora said in a statement.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
Ajit Balakrishnan decodes the angst-ridden discourse of the day.
'As long as we have such partners, Russia cannot be isolated.'
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.
Th report predicted that the world population is to reach eight billion by mid-November 2022.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like?
'I don't see people standing up against what is happening in Kashmir. I feel this clampdown can exist as long as the government wants it to.'
A Coimbatore-based transgender has become a trailblazer for her community becoming the first TV transgender news anchor when she went 'live' on Independence day on a private Tamil satellite channel in Tamil Nadu.
The major driver of Mod's foreign policy can be gauged from his economic priorities such as creating employment opportunities for the youth bulge. Related to this is emphasis on manufacturing, and infrastructure development, which in turn raises the issue of FDI. He has already articulated his views on all these issues, says Rup Narayan Das.
Here's the full text of the maiden address to the nation by President Droupadi Murmu on the eve of Independence Day 2022.
'It is the regional parties and their leaders who are the ones we have to watch.'
While other states are becoming competitive, Gujarat, say experts is not paying enough attention to maintaining its own position in terms of business reforms.
The government said that the panel has recommended that family income is a "feasible criterion" for defining EWS and in the current situation, a threshold of Rs 8 lakh of annual family income seems reasonable for determining EWS.
This divisiveness is upsetting social cohesion and can throw the bright young people thronging to Bengaluru with billion dollar ideas in their creative minds off balance, warns Shekhar Gupta.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
The judgment came on a batch of pleas challenging the Bombay high court verdict which had upheld the grant of reservation to Marathas in admissions and government jobs in the state.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
A new book may help companies in getting corporate social responsibility right, notes Ajit Balakrishnan.
Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring energy security and work together to fight terrorism.
People have developed a fatalistic attitude where they believe that anything can happen. They think, 'there's no medicine, no beds in the hospitals, what are we alive for?' And when you get that kind of an attitude, you stop taking precautions
While foreign currency rating was retained at Baa2 -- the second-lowest investment grade score -- Moody's also projected a fiscal deficit of 3.7 per cent of gross domestic product in the year through March 2020, a breach of the government's target of 3.3 per cent.
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022. Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like? Archana Masih reports from India's other most talked about state.
India cannot ignore the neglect of climate finance by the developed nations, Modi asserted at G20 session
Chinese Foreign Minister Wang Yi, during his telephonic conversation with US Secretary of State Antony Blinken on Sunday, discussed the deteriorating situation in Afghanistan amidst chaotic airlifts of Afghan civilians and diplomats by the US and North Atlantic Treaty Organisation countries before the August 31 deadline.
Delivering the 66th convocation address at the Panjab University, the vice president said a university should never seek to silence or influence faculty members or students to adopt or renounce any particular position.
'The aim of Russian policy is to reform European security, stop NATO expansion and in a more general sense -- set up the new rules of relations between the great powers.' 'From this perspective. the invasion of Ukraine is quite pointless.'
"If we have to recognise a government, the first thing is that we will need to wait until the government is formed," Chinese foreign ministry spokesman Zhao Lijian said.
'The way discrimination against Muslims has become almost normalised is very upsetting.'
'Quality of management, corporate governance, allocation of capital, full disclosures should form the basis to decide investing in a particular stock.'
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
After many false starts, India may well be at the inflexion point that Deng Xiaoping took China to post-1978. The window of opportunity is wide open right now, says Rajeev Srinivasan.
'Chup is the work that I'm most satisfied with; it won't bore me or make me cringe later.'
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