'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
The Indian economy is on the path of a durable recovery on the back of conducive monetary and credit conditions, the global headwinds notwithstanding, said a Reserve Bank of India (RBI) article on the state of the economy. Domestically, there have been several positives on the COVID-19 front, in terms of reduced infections and faster vaccinations, the article published in the RBI Bulletin November 2021 added. The Indian economy, the article said, is clearly differentiating itself from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections in various parts of the world.
The country's current account deficit is likely to hit a three-year high of 1.8 per cent or $43.81 billion in FY22, as against a surplus of 0.9 per cent or $23.91 billion in FY21, a report said on Thursday. According to an assessment by India Ratings, the Current Account Deficit (CAD) has moderated to $17.3 billion or 1.96 per cent of GDP in the fourth quarter of FY22 as against $8.2 billion or 1.03 per cent in the year-ago period, and massively down from $23.02 billion or 2.74 per cent in Q3, which was a 13-quarter high. The improvement in the key numbers are due to the remarkable improvement in merchandise exports in FY22, when it grew 42.4 per cent as against a negative 7.5 per cent in the pandemic-hit FY121.
When we know that the ED's conviction ratio is less than 1% of the cases that it prosecutes, when we know that ED 'raids' are today more than 25 times as they were before 2014, why are we giving the ED more powers? asks Aakar Patel.
Jack Ma who had five years ago said he was inspired and excited by "Make in India" possibly understood the essence of the signature campaign better than some others and decided to stay away from India other than as an investor, says Nivedita Mookerji.
It is learnt that Defence Minister Rajnath Singh has conveyed to top military brass that there was no need for reviewing the implementation of any of the key projects along the Line of Actual Control (LAC) in Ladakh, Sikkim, Uttarakhand or in Arunachal Pradesh in view of the aggressive behaviour by Chinese troops in several sensitive areas.
The 102-year-old was given a warm welcome by election staff at the Kalpa booth in Mandi Lok Sabha constituency, which went to polls in the last and seventh phase of the general elections.
This alternative is being planned as the existing projects continue to be delayed due to land acquisition troubles. The ministry is thinking of adding new track lines to its existing eastern and western DFCs passing major areas in the proposed stretches, senior officials said.
If there was one event that made the month of August stand out, it was a strengthening of the dollar index to levels last seen only 20 years ago, as the Federal Reserve dispelled all doubts about its intention to continue raising interest rates. Predictably, most currencies suffered against the US unit, with the bulk of the losers belonging to the emerging markets pack. Amid the volatility, the rupee, however, has displayed significant resilience and fared much better than most of its peer currencies.
According to a report by German banking giant Deutsche Bank, a weaker Indian rupee has allowed India to remain the cheapest major economy in the world despite persistently suffering the highest inflation rate.
President of the European Council Charles Michel on Tuesday spoke to Prime Minister Narendra Modi and conveyed his condolences over the death of Naveen Shekarappa Gyanagoudar, a native of Karnataka.
'Gift-giving' - from free dinners and drug samples to promotional merchandise - seems to be driving drugmakers' marketing - a marketing prescription deeply entrenched in the industry. This is a well-oiled racket that sees pharmaceutical (pharma) companies 'gifting' doctors to push their respective drugs under the guise of marketing. But is there a cure in sight to end this unhealthy alliance? The recent controversy following the income-tax raids on Bengaluru-based drugmaker Micro Labs, makers of popular paracetamol brand Dolo-650, has brought this to the fore, again.
India can seek motivation from the fact that they can claim the top spot in the ICC Twenty20 International rankings if they make a clean sweep in the three-match series that begins on January 26.
Gold demand in India dropped by 30 per cent during the July-September quarter to 86.6 tonnes, compared to the same period last year due to Covid-19 related disruptions and ruling high prices, the World Gold Council (WGC) said in a report.
The military brass is learnt to have apprised Modi about the evolving situation in eastern Ladakh, though officials maintained that the agenda of the pre-scheduled meeting was to discuss the ambitious military reforms and ways to boost India's combat prowess.
The chief of air staff said Chinese actions along the frontier including in the Ladakh sector are being monitored constantly and the IAF's overall preparations are part of continuing efforts irrespective of challenges from China.
India on Friday signed the historic Paris climate agreement in the United Nations along with more than 170 nations.
Images from Day 3 of the third Test between India and South Africa, in Ranchi, on Monday.
'The Make in India target of getting manufacturing to account for 25% of GDP by 2022 is quite impossible to achieve.' 'As for the role of technology in the average Indian's life, it is still quite basic -- mobile phones and Mars successes notwithstanding,' says T N Ninan.
In its latest report '2013 National Trade Estimate: Foreign Trade Barriers' the US Trade Representative has listed out a whole range of difficulties US companies face in India, which according to officials prevent them from realising the full potential of India-US economic relationship.
The relationship between India and China experienced both highs and lows in 2013 with high-level visits and the inking of a pact to defuse recurring border stand-offs after incursions by Chinese troops dented bilateral ties. PTI's K J M Varma reports from Beijing.
The series loss to South Africa notwithstanding, India held on to their second spot in the team list, while star batsman Virat Kohli rose up a rung to second in the batsmen's table of the latest ICC ODI cricket rankings.
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously Sebi and the RBI with carve-outs for IRDAI or possibly PFRDA. But this could change soon with the International Financial Services Centres Authority, observes Subhomoy Bhattacharjee.
China has chosen to keep New Delhi guessing, while retaining for itself the option of constantly changing facts on the ground and shifting the LAC westwards -- the strategy called 'salami slicing', notes Ajai Shukla.
Regional films may have prevailed over the country, but regional leaders still have far mountains to climb to reach Delhi, asserts Shreekant Sambrani.
The BJP's message is that the past must be reinvented as creatively as imagination allows, states Sunanda K Datta-Ray.
'The PLA is under constant watch.' 'There is an escalation matrix. For every degree of escalation, responses are thought of and trained for.'
This could impact non-resident Indians staying in countries such as UAE which does not impose income tax on individuals under local tax laws.
Startups in India need low-cost debt for working capital, which is impossible to get.
There is widening gap between what the government's premier retirement fund makes on its investments and what it offers to employees. The Employees' Provident Fund Organisation (EPFO) makes the bulk of its investments in government-related securities. In other words, it lends to central and state governments and related entities. The interest it gets from these instruments is largely what it uses to pay interest to its subscribers.
'Notwithstanding the realisation among the Indian leadership to build up its navy for the force's expanding role, the Indian Navy was allocated only 15% of the interim defence budget presented in Parliament in February 2019.' 'The outlay for the navy's capital acquisition is not even adequate to meet its committed liabilities,' points out Brigadier S K Chatterji (retd).
This must be the first time in India's history that it has found itself bracketed with countries in a category which political scientists will not rate very highly if only because the group recalls Nazi Germany as one of its most infamous past members, notes Amulya Ganguli.
The current crisis has forced the government to announce measures to ensure that India becomes self-sustaining for any kind of bulk drug. The government says India will not depend on any other country for vital key ingredients for drugs within six years, reports Sheela Bhatt.
"We have very little time left for deciding on the chief guest and the process will be completed soon," a source familiar with the development said.
In the summit as well as in the inaugural '2+2' defence and foreign ministerial talks, the two sides are also expected to focus on the situation in Afghanistan and the rising threat of terrorism including from groups like Lashkar-e-Taiba and Jaish-e-Mohammed.
According to the Grant Thornton International Business Report, 45 per cent of businesses in the BRIC countries (Brazil, Russia, India and China) plan to increase investment in research and development over the next year, compared to just 18 per cent in the G7.
The government is selling its entire 100 per cent stake in Air India but wants effective control to stay with Indian nationals.
The 136-year-old baby, argues Shyam G Menon, is taking a tiny step to tackling the biggest dread of old age: Change.
India deserves a rating upgrade in view of improvement in macro-economic situation, the conservative outlook of Standard & Poor's notwithstanding, Finance Minister P Chidambaram said.
It is learnt that the camp office in Lviv would be able to coordinate the evacuation of Indians to Poland and Hungary while the one at Chernivtsi would facilitate exit to Romania.
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