Finance Minister Nirmala Sitharaman on Friday said the world is facing "profound imbalances" in trade and energy security, and is undergoing a structural transformation, with India standing out as a 'stabilising force' that can withstand external shocks.
India's computer services exports have risen 30 per cent since the advent of ChatGPT in November 2022, even as overall services exports have plateaued, World Bank's South Asia Chief Economist Franziska Ohnsorge said, terming Artificial Intelligence (AI) and the conclusion of more trade agreements that can trigger a "manufacturing renaissance", as the two big investment opportunities for India in coming years.
Gen Chauhan said a "whole of the nation" approach will be required to develop the shield.
Kautilya, widely known as pioneer of economics in India and author of Artha Shastra (rules of economics), was invoked for the fourth time in the country's annual Union Budget speech on Friday, including thrice by the incumbent Finance Minister Pranab Mukherjee.
Finance Minister Pranab Mukherjee made a quantum leap.
Lord Krishna, Alexander The Great and Kautilya play stellar parts in Amartya Sen's discussion with Arthur J Pais. A fascinating conversation with the Nobel Laureate
'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.
'It took us 75 years to reach a per capita income of $2,730.' 'According to IMF projections, it will take only five years to add another $2,000.'
'We don't have to go abroad for anything.' 'Anyone who thinks we have a lot to learn from the US needs to have his head examined.' 'We are in a new era.'
Trying to guess Subramanian Swamy's motives or next step has been a rather difficult exercise for decades, says Archis Mohan
Looking under the hood, I see India on the terrible, but commonplace, road to prosperity failure, warns Rathin Roy.
Reserve Bank Governor Shaktikanta Das on Friday stressed that the monetary policy must remain actively disinflationary to ensure that the decline in inflation from its peak of 7.44 per cent in July continues smoothly. Addressing the Kautilya Economic Conclave 2023, he also said price stability and financial stability complement each other and it has been an endeavour at RBI to manage both efficiently. Retail inflation declined to a three-month low of 5.02 per cent annually in September on account of moderation in vegetables and fuel prices, and was back within the Reserve Bank's comfort level.
The police advised people to follow real-time traffic updates on the 'G-20 Virtual Help Desk' for route suggestions for commuting from/to the airport, railway stations, or bus terminals.
Major roads in and around Delhi including on the DND flyover and Ghazipur border were affected from the morning rush hours till around 2 pm.
Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in prices of vegetables and pulses, though it still remained above the Reserve Bank's comfort level for the sixth month in a row. The consumer price index (CPI) based inflation stood at 7.04 per cent in the preceding month of May and 6.26 per cent in June 2021. Inflation in the food basket in June 2022 was 7.75 per cent, compared to 7.97 per cent in the previous month, as per the National Statistical Office (NSO) data released on Tuesday.
The properties overseas include two luxury hotels - one in New York and one in London - two residential apartments in London valued at 15 million each, and a yacht stationed in the UK. In India, Kapoor's six bungalows in Delhi's upscale localities, including Jor Bagh, Hauz Khas, and Kautilya Marg, were also identified.
In renaming TRS and repositioning it as a 'national' party, KCR is also eyeing a pole position in opposition politics ahead of the 2024 Lok Sabha elections.
'It is building the country's infrastructure, and delivering it very efficiently.'
'We actually have a problem because there may be too much activity in India.' 'Markets don't like too much concentration. But we are very happy with our collaborations in India.'
The relative ranking of castes can vary across regions and localities and depends on a number of factors including control over land, wealth, and political power. Castes have often tried to 'upgrade' themselves (a process sociologists refer to as Sanskritization), and sometimes get 'downgraded'. A revealing excerpt from Upinder Singh's Ancient India: Culture Of Contradictions.
Quoting medieval India's political thinker Kautilya as well as Mahatma Gandhi, finance minister Pranab Mukherjee on Monday punctuated his Budget speech with words of wisdom, wit and humour.
The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.
'Failure is success delayed. It teaches you to be patient and persevere so that you improve.'
'The travesty of recent Indian strategic thought is it emerges not from our brains, but from whatever part of the anatomy that secretes the prickliest hormones,' says Shekhar Gupta.
'2,000 years later, we all want the same thing -- we want to live a healthy life, a life that has quality.' 'And Chanakya tells you exactly how to do that.'
Presenting the Union Budget for 2013-14 in Parliament, Finance Minister P Chidambaram also quoted his favourite poet Tiruvalluvar towards the end of his Budget speech after referring to Stiglitz in the beginning.
The key is to act and not wait and watch before the limited window of opportunity shuts, argues Shanthie Mariet D'Souza.
'The BJP believes it has little to lose from a loss of alliance with the Shiv Sena. Fighting alone gives the BJP the chance to test its troops today, and then rework its tactics if necessary, before the big test in 2019,' says T V R Shenoy.
An Indian-origin man and his two partners in one of Britain's largest investment scams were today ordered to pay nearly 115 million pounds for illegally accepting deposits from customers without authorisation from the Financial Services Authority (FSA).
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
Mr Mukherjee has presented a good budget, perhaps even a very good one under the circumstances, but he has shied away from presenting a great budget.
Gates, who is also co-chair in the Bill & Melinda Gates Foundation, further said since the issue of climate change is "complicated", different interventions are required to be taken including developing new variety of seeds and their distribution to farmers.
'The Chinese fault lines are tremendous and we need to exploit them.'
The national flag will fly half-mast on the day of the funeral in Delhi.
The demonstrators, numbering about 50, were protesting in front of the Chinese Embassy at Kautilya Marg, against the alleged killing of a monk in China, according to sources.
A local court has issued notice to Bharatiya Janata Party MP Varun Gandhi asking him to appear in court in connection with a 2009 hate speech case.
Comrade Surjeet knows the Third Front won't win too many seats; he is concentrating on winning power without winning the election, says T V R Shenoy.
'For half a century, Delhi has not seen a truly powerful ruling party president.' 'The Cabinet, chief ministers, and even the heads of the most powerful departments and agencies now acknowledge where power lies, besides the prime minister's office,' says Shekhar Gupta.
Prime Minister Narendra Modi on Wednesday said that his government is unsparing when it comes to punishing the corrupt and listed out the steps initiated by him to curb the menace.
The area is being screened with the help of sniper dogs and bomb disposal squads.
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