She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
The silver lining is that a pick-up in the US economy could help emerging market exports.
'India needs to adopt a more proactive policy of triggering exports to China.'
Uttarakhand was a tragedy that none of us will forget. As experts analysed the tragedy, it became clear that the disaster was more man made. The intergovernmental panel on climate change in its Assessment Report 5 states that human influence on the climate system is clear and this is evident from the increasing greenhouse gas concentrations in the atmosphere, positive radiative forcing, observed warming, and understanding of the climate system.
Many analysts argue with limited space for a fiscal stimulus, the burden of lifting growth lies squarely on monetary policy.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
India, Asia's third-largest economy, is likely to grow 5.3 per cent in 2013, the OECD said, lower than the November forecast of 5.9 per cent.
Less than a week after its CEO and co-founder Rahul Yadav was sacked, realty portal Housing.com's website was hacked on Monday.
Given the developments, analysts do not foresee a quick recovery.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
Companies in China, South Korea and Indonesia pay 25 per cent tax, while those in Malaysia pay 24 per cent. Only Japan has a higher tax than India at 30.6 per cent. Hong Kong has the lowest corporate tax rate of 16.5 per cent while Singapore has 17 per cent rate and Thailand and Vietnam levy 20 per cent tax on companies.
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.
'Chinese dominance reduces India's influence in South and Southeast Asia and erodes its status globally.' 'For a country striving to create a multipolar Asia, it would be a serious setback,' says Brigadier S K Chatterji (retd).
The broader NSE Nifty too fell below the 10,100 level by dropping 100.10 points to end at 10,094.25
Faster normalisation of central-bank balance sheets will drive yields higher.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
We must see New Delhi's position as a signal of competition to the Chinese grand design for the 21st century world, says Nitin Pai.
The new government needs to clearly insist on diplomatic reciprocal arrangements with China. While reciprocity is a function of power in bilateral relations, the Modi-led government's responses should be based on India'S inherent strengths, says China expert Srikanth Kondapalli.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
The IL&FS group has a complicated structure, with the holding company owning stakes in its financial services arm as well as the subsidiaries that operate its infrastructure assets.
Kicking off Bharatiya Janata Party's poll campaign in Jharkhand, Prime Minister Narendra Modi on Friday launched an attack on the state government over the issue of development and asked the people to free the state from dynastic rule to end corruption.
'India imports 70 per cent of its bulk drugs from China. Are we going to live without antibiotics?' asks Debashis Basu.
The GST will subsume excise, service tax, value added tax, octroi etc.
In the past 12 months, such earnings have grown in double digits in Europe, the US, Japan and South Korea.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
Group still far from coordinating monetary/forex policy
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
The improving earnings and economic outlook has titled the scales back in favour of Indian equities this year, reports Pavan Burugula.
'What we need is right skilling, re-skilling and up-skilling.'
'There are some encouraging signs.' 'Notice that we have not said 7%-plus, we are keeping it at 6% to 6.5%.'
Those scheduled to attend the five-day WEF Annual meeting, beginning January 21, include more than 40 heads of state or government, including those from the UK, Australia, Japan, Iran, Israel, Pakistan, Brazil, Italy, Mauritius, Republic of Korea and Switzerland, WEF announced on Wednesday at a press conference in Geneva.
The meet will focus on the recent global economic developments, challenges and collective measures to address them
'Painting opponents as the enemy of the State, using fake news, making wild allegations about rival parties, curtailing civil liberties and challenging the Constitution itself are worrying developments.'
