Why is China's supreme leader promoting Han Chauvinism so aggressively, asks Claude Arpi.
Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.
The manufacturing and construction sector accounted for 42.7 per cent of GDP while the farm sector accounted for 9.2 per cent.
A Collection of Services Trade Statistics Act is being thought of.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
Experts believe that under-reporting is likely to cause an underestimation of the spread of the disease.
China became the biggest producer of mobile phones, colour televisions and monitors in the world last year and its high-tech exports reached a record $110 billion, according to official statistics.
'Economic issues do not matter during elections; it is the emotional connect that helps swing votes.'
'Success will require political skill, not just economic expertise'
It was higher than 3.2 per cent rate registered in February, the lowest pace recorded in 20 months, state run Xinhua reported.
The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.
Andhra Pradesh posted 8.14% consumer inflation in October.
'Given that the economy is going through a slowdown, further downward revisions of the 2019-2020 growth estimates cannot be ruled out,' notes A K Bhattacharya.
The government is planning to extend the electronic modes of tax payment to its own payments platform, Unified Payments Interface (UPI), credit cards of banks, or even a mobile wallet like Paytm.
According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.
India's industrial production grew by 1 per cent in December, official data showed on Friday. According to the Index of Industrial Production (IIP) data, the manufacturing sector output grew by 1.6 per cent in December 2020.
Americans are lucky they have inherited the innovations of the past.
Bharatiya Janata Party leader Arun Jaitley on Wednesday demanded the resignation of Prime Minister Manmohan Singh for 'failing to take action' against former telecom minister A Raja for over three years in connection with the spectrum scam. Speaking at the massive rally organised by the NDA, Jaitley ridiculed Dr Singh's offer to appear before the PAC. "The PAC has a limited role. It can only go into the statistics and report of the CAG," he said.
'In the absence of a vaccine, as long as there are pockets of active cases in India, it would be good to have a limited lockdown.'
Lenders say settlements will cross over 100 accounts in the March quarter.
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
As many as 77 rape cases were reported across India on an average every day in 2020, totalling to 28,046 such incidents during the year, according to the latest National Crime Records Bureau data.
Delhi has earned the dubious distinction of being the most unsafe metro in the country, topping the list in number of crimes as well as in atrocities on women and children.
The total value of assets held by India's financial institutions touched nearly $2.8 trillion, the third largest among BRICS nations, in 2013.
Why are investors gung-ho about State Bank? asks Tamal Bandyopadhyay.
As per use-based classification, primary good registered a growth of 7.4 per cent, intermediate goods 22.4 per cent, and infrastructure/construction goods 0.1 per cent in February 2020 as against the same period a year ago.
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
India grew at 7.6% in 2015-16 and at 7.2% in 2014-15.
The court took note of the suicides at IIT-Madras since 2006 and advised the institute to provide periodic counselling to students.
'Misplaced national priorities have brought the economy to a cul-de-sac,' says Ambassador M K Bhadrakumar.
The new numbers clearly had very different implications.
A new framework has been put in place for automatic exchange of information between Switzerland and India to help check the black money menace with effect from January 1, 2018. The funds held by Indians through fiduciaries alone used to be in billions till 2007 but began falling after that amid fears of regulatory crackdown. It is now at second-lowest level in 20 years.
Prospects of China hiking interest rates increased as inflation rose to 3.1 per cent in May, surpassing the government target of 3 per cent.
A BJP source admitted that a census will inevitably reconfirm the numerical majority of the OBCs. 'That will overturn social equations and consign the upper castes to a twilight zone of marginalisation. The RSS won't accept it.' Radhika Ramaseshan reports.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Lawyers, doctors, accountants and other professional men are also consuming above average amounts of alcohol 20 units a week according to figures from the Office of National Statistics in UK.
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