India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
Summary of sports events and persons who made news on Wednesday
Union Health Minister Mansukh Mandaviya on Tuesday suggested that stickers for houses to notify completion of both doses of COVID-19 vaccines should be given to fully vaccinated families to encourage uptake of vaccine among the population.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
'Since both Ram Charan and NTR Jr are dancing in this song, I don't want one of them to feel one up.'
Make sure to visit this monastery-turned-snake sanctuary when you go to Myanmar.
Senior Congress leader Shashi Tharoor on Thursday virtually ruled out contesting CWC polls if the party decides to hold them, saying he is not considering any further elections after having fought the AICC presidential polls and it is "for others to step forward".
A summary of sports events and sports persons, who made news on Wednesday
Tata Steel was the top gainer in the Sensex pack, zooming 7.57 per cent, followed by Sun Pharma, IndusInd Bank, L&T, ITC and HCL Tech.
The Bharatiya Janata Party faces an uphill task of repeating its performance of the last assembly election of winning 53 out of 58 constituencies in western Uttar Pradesh where polling will be held in the first phase on February 10.
Dutch cricket ventures to a new frontier in maiden New Zealand voyage
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
Petrol price on Thursday was hiked by 35 paise per litre and diesel by 15 paise, pushing rates to a new high across the country. Petrol in Delhi now costs Rs 101.54 a litre and diesel Rs 89.87 per litre, according to a price notification of state-owned fuel retailers. The increase comes after rates stayed mute for three days. Petrol price was last hiked on July 12, on a day when diesel rates had seen its first reduction in almost three months. The increase on Thursday neutralised the 16 paise price cut in diesel on July 12.
Petrol and diesel prices were hiked by 80 paise a litre each on Wednesday, taking the total increase in rates in 16 days to Rs 10 per litre.
Two cases of the new Omicron variant of coronavirus have been detected in Karnataka, the Union government said on Thursday while asking people not to panic but follow Covid-appropriate behaviour and get vaccinated without delay.
UEFA president Michel Platini hit out at FIFA chief Sepp Blatter on Friday, saying the Swiss has stopped serving the cause of football.
Dozens of Japanese towns have abandoned plans to host Olympic athletes because of concern they will overburden stretched medical resources amid a fourth wave of coronavirus infections.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
The government will undertake a detailed evaluation of applications it has received in response to the mega semiconductor scheme and expects to complete the entire process and sign agreements with companies in next 8-10 months, according to Union Minister for Electronics and IT Ashwini Vaishnaw. Vaishnaw said he is happy with the response that came in within a short period of time, when the ministry invited applications under the Rs 76,000 crore semiconductor programme. The government is confident of seeing one of the big global players in semiconductor industry coming in the next round, Vaishnaw told PTI in an interview. He asserted that many other players too are "seriously evaluating" India's semiconductor programme, and that the ministry is in discussions with several companies.
The Tokyo 2020 Olympics torch lighting ceremony in ancient Olympia will be the first in more 35 years to be held without spectators after organisers introduced tighter measures to protect against the coronavirus. Here is a list of international sports events hit by the coronavirus outbreak.
A round-up off all transpired on and off the football pitch
Young long distance swimmer Swapnali Yadav will take part in the Asian Cup International Triathlon to be held at Subic Bay, Philippines on May 5 and 6. The 13-year-old Mumbai school girl has been selected to participate in the sub-juniors event featuring 300m swimming, 10km cycling and 3km running by the Indian Triathlon Federation.
International air travel of passengers has been permitted in a limited manner under the Vande Bharat mission. Further opening-up will take place in a calibrated manner.
With only a handful of models by a few manufacturers including Tata Nexon, MG ZS, Hyundai Kona, among others, the segment has remained under tapped.
Lance Armstrong and his team ran the most sophisticated doping programme in sport according to the United States Anti-Doping Agency (USDA) which released its report on the case against the US Postal cycling team on Wednesday.
The Maharashtra government on Sunday extended till June 30 the lockdown in the entire state, and announced easing of restrictions and phase-wise resumption of activities under the "Mission Begin Again".
'If your oxygen saturation is okay and is maintained after the six-minute walk test -- which has been described all over the world -- and you do not have an unrelenting fever, then you can even be managed at home.'
India and Pakistan have agreed to strictly observe all agreements on ceasefire along the Line of Control (LoC) and other sectors, according to a joint statement on Thursday.
For two decades the US paid in blood and blood money for dependence on Pakistan to carry out one president's boast. Now, having been defeated by its proxies, another president will go into Rawalpindi's embrace to satisfy his constituents, predicts Shekhar Gupta.
The Sports Ministry is set to establish 1000 Khelo India Centres (KIC) at the district level across the country with the help of sporting champions, who will be remunerated for providing their expertise. The centres will either be run by a past champion or have them as a coach.
Sourav Ganguly-led BCCI's demand is for a tournament involving the 'Big Three' of India, Australia and England plus another country to be slotted into an already bursting schedule, putting it on course for a clash with the ICC, which has enjoyed a period of calm in recent years at its Dubai headquarters. India's 'Super Series' proposal is a concern to many in the game, including the executive chairman of the Federation of International Cricketers' Associations (FICA), Tony Irish.
As the Aam Aadmi Party goes through an internal power struggle, senior leader H S Phoolka dismisses the goings-on as normal birth pangs of a political party. Upasna Pandey reports for Rediff.com
Following badminton World No 1 Lee Chong Wei's provisional ban, Rediff.com brings you ten top sports persons who gave in to drugs - one of the mighty perils that has affected modern sporting culture.
The policy has been finalised after nearly eight months since the Ministry came out with the revised draft in October 2015.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
Several Premier League clubs have furloughed employees since the new coronavirus outbreak while others, such as West Ham United and Southampton, have said their players have accepted wage deferrals. While CA announced plans to furlough almost 80% of staff last week, putting them on 20 per cent pay until June 30 when it is hoped more will be known about how long government curbs to control the coronavirus will last.
'While dairy farmers are suffering from low prices, consumers are paying a high price for milk.'
Some believe she should no longer be the face of the struggle to free Myanmar from the new military dictatorship, observes Prakash Bhandari.
Summary of sports events and persons who made news on Monday
The keynote address will be given by United States President Donald Trump
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