Chief Economic Adviser K V Subramanian on Wednesday said India is expected to hit a growth rate of 6.5-7 per cent in 2022-23 and accelerate further to 8 per cent in the subsequent years on the back of reforms undertaken by the government. He also said the government is expected to meet the fiscal deficit target of 6.8 per cent in the current fiscal despite pressure on revenue collections.
The Supreme Court on Wednesday adjourned hearing on the plea of the Board of Control for Cricket in India seeking to amend its constitution with regard to the tenure of its office bearers including president Sourav Ganguly and secretary Jay Shah.
The 75-year-old Congress president, who was supposed to depose before the agency on Thursday, wrote a letter seeking more time on the grounds that the doctors had 'strictly advised her to rest at home following her hospitalisation on account of Covid and lung infection'.
According to traders, Chief Economic Adviser Subramanian's comments practically ruling out a stimulus package for the economy weighed on investor sentiment.
The apex court also issued notice on the interim relief sought in the plea for restraining the state from appointing or dismissing 'archakas' (priests) at temples and Hindu religious institutions in the state till the disposal of the petition.
A Delhi court on Monday sent to 14-day judicial custody the former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna in connection with the co-location scam case.
A man who had arrived from Nigeria and six of his family members who tested Covid-19 positive and their tests had 's' gene dropout were doing well and the officials of Greater Chennai Corporation were involved in monitoring the primary and secondary contacts of his family members, Tamil Nadu Minister Ma Subramanian said on Wednesday.
Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets
Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.
Indian American Raj Subramaniam would be the new chief executive officer of FedEx, according to an announcement made Monday by the US multinational courier delivery giant.
Chief Economic Advisor Krishnamurthy Subramanian said India's economy will witness a decline in the current fiscal, but the drop will be limited if there is an economic recovery in the October-March period.
The Supreme Court on Wednesday agreed to hear on July 26 the plea of Bharatiya Janata Party leader Subramanian Swamy seeking a direction to the Centre to declare the 'Ram Setu' as a national heritage monument.
The Delhi high court on Thursday dismissed BJP leader Subramanian Swamy's plea seeking to set aside the Air India divestment process on the allegation that the methodology adopted by the government in the valuation of the national carrier was "arbitrary, illegal and against public interest". The order was passed by a bench of Chief Justice D N Patel and Justice Jyoti Singh. The court said a detailed order will be uploaded. "Dr. Subramanian Swamy, sir we are dismissing this matter...," the bench said.
Throwing his party's weight behind the Congress to ensure an Opposition win in the 2024 Lok Sabha polls, Dravida Munnetra Kazhagam president and Tamil Nadu Chief Minister M K Stalin on Wednesday said arguments by some favouring a front without the grand old party should be rejected.
The faculty members have noted that Mehta's resignation is a "matter of great anguish".
Congress president Sonia Gandhi has sought more time from the Enforcement Directorate to appear before it as she is still suffering from Covid, party sources said on Tuesday.
The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
On October 3, Subramanian, a Chennai-based mechanical engineer, had tagged the Twitter handles of NASA, LRO and ISRO in a tweet, asking, "Is this Vikram lander? (1 km from the landing spot) Lander might have been buried in Lunar sand?"
'This year there is a sharp spike in fever cases, and it seems to be more than the pre-COVID-19 levels.'
Initially, she was summoned by the agency on Monday but it was deferred by a day.
Former CEA Arvind Subramanian called for research in the area and urged the NSE Centre for Behavioural Science in Finance, Economics and Marketing to explain why as the economy has been going down, the stock market has been going up.
A barfi guaranteed to lift your spirits this festive season.
The high court's observation came while dismissing an appeal by Samata Party challenging a single judge's order which had rejected its plea against allotment of 'flaming torch' election symbol to the Uddhav Thackeray faction of the Shiv Sena.
The 1991 provision is an Act to prohibit conversion of any place of worship and to provide for the maintenance of the religious character of any place of worship as it existed on August 15, 1947, and for matters connected therewith or incidental thereto.
The White House described the development as "quite good news".
Gandhi, 75, was earlier asked to depose on June 8 but she sought a fresh date from the federal probe agency after she contracted the coronavirus infection.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
The Enforcement Directorate (ED) on Tuesday raided a dozen locations including the head office of the Congress party-owned National Herald newspaper in New Delhi as part of an ongoing money laundering probe, officials said.
It is not unlikely that ahead of the Lok Sabha elections, the BJP government comes up with more imaginative schemes aimed at constituency-building. The party under Modi's leadership has a more modern thinking in such matters unlike its rivals, which are still steeped only in ideology, points out N Sathiya Moorthy.
A video clip of two Dravida Munnetra Kazagam men removing and throwing away two flex boards embossed with the name and picture of 'Amma' from a state-run canteen in Chenani went viral on Tuesday and they were expelled from the party.
The Supreme Court of India on Wednesday asked the Centre to furnish by October 31 its affidavit in response to petitions challenging the validity of certain provisions of a 1991 law, which prohibit filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947.
Finance Minister Nirmala Sitharaman on Friday presented the Economic Survey that details the state of the economy ahead of the government's Budget for fiscal year beginning April 1, 2021. The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
The Congress is gearing up to demonstrate a political show of strength on Monday when the party leader Rahul Gandhi will appear before the Enforcement Directorate (ED) in connection in connection with a money laundering case linked to the National Herald newspaper.
The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.
The case pertains to the ED probe into the alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
Congress leaders Abhishek Manu Singhvi and Randeep Surjewala said party president Sonia Gandhi has been summoned by the ED for questioning in a money laundering case linked to the National Herald newspaper on June 8, and she was determined to appear before the agency as she has nothing to hide.
Swamy now wants Arvind Subramanian, one of the front runners for the post of the new RBI governor to be sacked.
Chief Minister M K Stalin inspected several inundated areas here along with top officials including Chief Secretary V Irai Anbu and directed authorities to take swift action to drain flood water.
"To make sure there isn't a Covid surge in the country, PM Modi has asked us to be careful. The government is also preparing if at the Covid cases increase. Today, mock drills are conducted across Covid hospitals in the country to make sure people get proper treatment," Mandaviya said.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
