S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
Following the killing of an SDPI state secretary late Saturday night, a BJP leader was hacked to death less than 12 hours later on Sunday morning and later, prohibitory order under Code of Criminal Procedure (CrPC) Section 144 was imposed in the entire Alappuzha district, additional police force was deployed there and senior officers camped there to monitor the law and order situation.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
Swamy had been instructed by the deputy speaker of the Rajya Sabha that if he failed to do so, his remarks during the Agusta debate would be struck off.
'The concern that the bad bank may create a moral hazard for the system is extremely valid.'
However, Icra Rating Principal Economist Aditi Nayar feels that the numbers are a bit too optimistic and need real heavy-lifting by the Centre and the states. "The survey forecasts on real and nominal GDP will require a substantial push from Central and state spending as private sector capacity expansion is anticipated to be intermittent, and sector-specific in the next couple of quarters," she said. Nayar added that private consumption is likely to chart a differentiated recovery across income and age groups. Based on the comments made in the Survey, she expects the Union Budget to incorporate a growth in gross tax revenue of 15-16 per cent.
The court said the company has made out a prima facie case in its favour and in case no ad-interim injunction is granted, it would suffer an irreparable loss.
In an editorial in party mouthpiece 'Saamana', the party claimed the foundation stone ceremony in Ayodhya is "personality centric and political party centric".
The Tamil Nadu assembly on Tuesday once again adopted the anti-NEET Bill, returned days ago to the government by Governor RN Ravi, with the ruling Dravida Munentra Kazhagam and principal opposition All India Anna DK reaffirming their opposition to the test.
North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings
Jaitley calls it unfair and false attack on a disciplined civil servant
Veteran doctor and educationist from Karnataka Belle Monappa Hegde and archaeology legend B B Lal were also given the Padma Vibhushan awards.
'When you plot the growth, -- 7.5 per cent for Q2, 0.4 per cent for Q3, 1.6 per cent for Q4 and 20.1 per cent for Q1 now -- all you see is a 'V'.' 'You don't see any other alphabet in the shape there.'
The enthusiasm and excitement of the kids in front of the toys was infectious. I have never seen anyone so happy. That was when I knew what I wanted to do as an entrepreneur.
It is largely due to his vision and efforts that we have almost quadrupled our per capita milk availability in the last 40 years, points out Shailesh Dobhal.
Kingfisher Airlines, promoted by Vijay Mallya whose other group entities included United Breweries, owe close to Rs 7,000 crore to 17 banks.
The Bharatiya Janata Party said on Monday the railways has subsidised 85 per cent of ticket fare for special trains being run to transport migrant workers and the state government has to pay the remaining 15 per cent, soon after the Congress attacked the central government over the issue.
VG Siddhartha's story 'will be a good case study and not a deterrent to those who want to be entrepreneurs. I don't think it will scare young entrepreneurs. I think these cases will make them sensible. They will understand that they have to be very careful about certain things, otherwise, they will have to pay a heavy price.'
Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. "The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI," Das told reportters in Mumbai.
Holidayers, including those who would head overseas between April and June, are set to escape to the hills, beaches, and resorts in the country. This is to fend off the heat and beat the pandemic blues, indicates the initial bookings and online search trends.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
When you start taking feedback seriously that's when you become a better human being, says Ravi Subramanian.
According to the Central Statistics Office data, the jump in the retail inflation based on Consumer Price Index was mainly due to rise in prices of kitchen items like vegetables, meat and fish.
Dravida Munnetra Kazhagam President M K Stalin will try his luck once again from Kolathur constituency in Chennai in the April 6 Tamil Nadu assembly elections while his son Udhayanidhi will make his electoral debut by contesting from the Chepauk-Triplicane segment in the metropolis.
Sitharaman is presenting the full Budget for 2019-20. She is carrying the Budget documents in a red silk bag with national emblem.
The Madras high court has ordered the winding up of private carrier SpiceJet Limited and directed the official Liquidator attached to the high court to take over its assets, in a plea filed by a Swiss company over unpaid dues. The court was allowing a company petition from Credit Suisse AG, a stock corporation registered under the laws of Switzerland, which prayed for winding up of the Indian firm under the provisions of the Companies Act, 1956 and appoint the Official Liquidator of the high court as the liquidator with all powers under Section 448 of the Companies Act to take charge of SpiceJet's assets, properties, stock in trade and books of accounts. The "respondent company (SpiceJet) has miserably failed to satisfy the three pronged test suggested by the Supreme Court in Mathusudan Govardhandas & Co v Madhu Woollen Industries (P) Ltd, and hence had rendered itself liable to be wound up for its inability to pay its debts under Section 433 (e) of the Companies Act 1956," Justice R Subramanian said in his order on Monday and directed the private carrier be wound up and the official liquidator take over its assets.
The identification of host dependency factors mediating virus infection may provide key insights into effective molecular targets for developing broadly acting antiviral therapeutics against SARS-CoV-2 and other deadly coronavirus strains, according to the researchers.
Friday is the last day of the Rajya Sabha during the current session.
One more ruling Congress legislator A John Kumar, a close confidant of Puducherry Chief Minister V Narayanasamy, resigned his MLA post on Tuesday, in yet another jolt to the ruling Congress dispensation ahead of the assembly polls due in few months.
30-year-old V Subramanian aims to revolutionise the education space with his new venture.
BJP MP Subramanian Swamy also said he went to the Rajya Sabha daily and it was not his fault if the the House did not run.
Subramanian said the government is also taking various other steps to improve ease of doing business in the country.
The EUA allows for Remdesivir to be distributed in the US and administered intravenously by health care providers, as appropriate, to treat suspected or laboratory-confirmed COVID-19 in adults and children hospitalised with severe condition.
Tharoor thanked the judge, and said it was "an absolute torture for last seven-and-a-half-years" and that it was a "great relief".
'I am really happy with how people remember my character.'
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
Most of those who tested positive either recently arrived from African countries or were in contact with such people.
The Supreme Court on Thursday said it will hear on July 20 the Amazon plea against the Delhi high court verdict which stayed the directive by its single-judge and paved the way for the multi-billion dollar deal to amalgamate Future Retail Ltd (FRL) with Reliance Retail. A bench of Justices R F Nariman, K M Joseph and B R Gavai was informed by senior advocate Harish Salve, appearing for the Future group, that a Singapore tribunal will commence hearing on the issue from July 12 and requested that the proceedings on the appeals be adjourned for a week. Senior advocate Gopal Subramanian, appearing for the US-based e-commerce giant, said he had no problem if the hearing on the appeals was adjourned by a week, as they will be busy next week before the tribunal.
This is a moment when the leaders at the Centre and states must show true leadership for the sake of the country. And it is the top political leaders, not attorney generals or bureaucrats, who should be sitting together and settling this thorny issue of compensation, says Arvind Subramanian, former Chief Economic Adviser to the Government of India.
