The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
He said that India will work with Singapore to bring the Regional Comprehensive Economic Partnership to early conclusion. He also said the India-Singapore Comprehensive Economic Cooperation Agreement has been reviewed and the two sides will work to further upgrade it.
I tried to reason in my mind that wouldn't beating Pakistan again and again -- in the league matches and in the knockouts if they made it -- be a better tribute to our martyred soldiers? A revealing excerpt from Vinod Rai's Not Just A Nightwatchman: My Innings In The BCCI.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
With Modi's international image seriously damaged -- perhaps, irrecoverably -- and Indian foreign policy finding itself in drift, we move on to the New Year in a depressing scenario, points out Ambassador M K Bhadrakumar.
'With the recent challenging of the notion of the Indian Ocean Region being India's strategic backyard, China is gradually upping the ante in the maritime realm around India.'
'China is where the action is, and from where new ideas ('String of Pearls', 'One Belt, One Road') emanate.' 'The Belt-and-Road initiative alone is unmatched in its sweeping dimensions,' says B S Raghavan.
'It doesn't look as if any sensible, worldly wise, person is in charge in China.' 'If at all anybody is in charge, it can only be a bunch of bumpkins of whom Xi has become a puppet,' observes B S Raghavan, the veteran civil servant.
For a rising country like China with its sights set on global and regional power, any coming together of the US and India is the worst case scenario. Hence, China is concerned with the emerging equations between New Delhi and Washington, says Srikanth Kondapalli.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
'Mamata wanted the Congress in alliance with the BJP in Bengal against the Left Front government.' 'Pranab Mukherjee opposed it, stating it would amount to compromising on secularism.' 'In 2021, Mamata defeats the BJP and becomes a champion of secularism.'
Paris attacks took the centre stage at the G20 Summit on Sunday with Prime Minister Narendra Modi calling for a united global effort to combat terrorism as world leaders joined a clarion call to eliminate ISIS network.
'One must remember that a dragon has a forked tongue,' warns Vivek Gumaste.
'A buoyant market economy is one which is led by the innovation and imagination of private persons,' notes Ajay Shah.
Will RBI chief have the final say, in the form of a veto
'New Delhi showed itself willing -- at least for a period -- to tolerate the risk of conflict and to withstand Beijing's implicit and explicit threats.' 'But it also continued to try to cut some kind of deal with China to reduce tensions.'
Nothing, according to Deepak Lal. He argues that the contemporary attempts to control immigration in the US and UK are not nativist.
'All parties and the government acknowledge that there we are in trouble and there is more trouble ahead,' observes Aakar Patel.
Narendra Modi's success at the BRICS summit is the best Diwali gift for India's diplomacy and marks her ascendancy to global leadership, says Tarun Vijay.
If we are to realise the full potential of biologics' ability to improve people's health, it is essential to encourage public policy and support R&D.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
'That the two sides allowed such a situation to arise exposed the level of inaction and inefficiency in China-India border management.' 'The Modi-Xi meeting in Xiamen initiated a process to to avert such contingencies in the future.'
'Keeping its financial interests in mind, China wants no enmity with the Nepalese government.'
Even as politics engaged him more, he never hid his way of life. On one occasion, Morarji Desai pleaded with him to stop drinking publicly. "You stick to your pissky and I'll stick to my whisky'' he is supposed to have told him.
Here's the full text of President Ram Nath Kovind's address to the nation on the eve of 71st Republic Day.
This quiet assertion of China has allowed various smaller countries of South Asia to play China off against India. Most states in the region now use the China card to balance against the predominance of India. Forced to exist between their two giant neighbours, the smaller states have responded with a careful balancing act, says Harsh V Pant.
'India does not wish to remain silent in improving its strategic space so that its leverage to counter China's expansionist designs is maintained, besides enabling it to play a responsible role from a position of strength for peace and stability in Asia,' points out Dr Rajaram Panda.
'All the government needs to do is to identify clear political and strategic objectives and to give the military planners a free hand,' asserts Ajai Shukla.
Together, they controlled nearly Rs 26 lakh crore of assets at the end of FY16.
Domestic investors have managed very well to minimise the impact caused by relentless selling by foreign portfolio investors.
'There are reports of political dissent mounting on Xi Jinping's handling of the Wuhan fallout.'
'Crafting a coherent, transparent and consistent policy vis-a-vis our neighbours, leave alone the rest of the world, is unlikely to be high on the priority list of the new Indian government, which will be sworn in before June,' says Ramananda Sengupta.
'While economic ties are making incremental progress, it is in the security and strategic domains that the India-Japan synergy is more compelling,' says Dr Rajaram Panda.
'The continuing crisis in agriculture, the inability of successive governments to provide secure jobs to millions of youths having varying degrees of skills, and fragmentation of politics have created a sense of despondency.'
'Its internal economic rot and corrupt political elite have made the resurgent supremacy of the military establishment more invincible,' says Sunil Sethi.
What the Indian economy looks like next January will influence her view on India, not her genetics, notes Shekhar Gupta.
'Alas, the Congress party offers no suggestions as to how to unscramble the omlette it cooked during 2004-2014 on which the Modi government may have since lavishly spread some tomato ketchup,' says Ambassador M K Bhadrakumar.
The middle class's long push to force the state to retreat from the economy may be reversing, says Ajit Balakrishnan.
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