The retail inflation rate breached the 6 per cent upper tolerance limit of the RBI for the first time in seven months in January, while the wholesale price index stayed in double-digits for the 10th month in a row, showed two sets of data released by the government on Monday. Retail inflation, the key input for the RBI while reviewing the repo rate every two months, soared during the month mainly because of a spike in certain food items. The previous high for retail inflation was 6.26 per cent in June 2021.
India and Pakistan must reform their institutions of governance to accelerate economic growth on a sustained basis for poverty reduction, lawmakers and experts from both the countries attending a meeting in Dubai said notwithstanding the chill in bilateral ties.
Notwithstanding the Nuclear Suppliers Group waiver for New Delhi, Japan on Wednesday appeared non-committal on civil nuclear cooperation with India even as the two countries agreed that atomic power could play an important role as a sustainable and non-polluting source of energy in meeting the growing global demands
"Exports reached a level of $162.9 billion during 2007-08, registering a growth of 29.02 per cent over the same period last year," according to the final figures released by the directorate general of commercial intelligence and statistics. The export target for the fiscal 2007-08 was $160 billion. In the same period, the domestic currency appreciated by about 8 per cent, eroding the profit margins of exporters.
Notwithstanding the current Malaysian imbroglio involving Indian IT workers, India's software and services exports to that country stood at just Rs 70 crore in 2001-02.
The NGO is said to be shutting down its India operations after allegations that the charity was engaging in religious conversion.
'The boundary dispute notwithstanding, China has always had leaders who have been, on the whole, positively disposed towards India.' 'Given the centrality of the Chinese Communist Party, we need to strengthen the linkages with the crucial personalities in the highest echelons of the Communist party and political leadership,' notes China expert Alka Acharya.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
India were handed a 2-3 defeat in the AFC Youth Championship Group 'A' league match.
Force India's 2010 challenger VJM03 made its official testing debut with more than 300km of trouble-free run and no reliability issues on day one of their four-day testing at the Circuit de Jerez in Jerez, Spain.
Inequality and inclusiveness are different, with the latter having several components.
SRK's persona and brand power has been built over nearly 30 years of public acclaim and love. Brands perhaps believe that his troubles are transitory and that as a human brand he has long legs capable of striding over controversies, explains ad guru Sandeep Goyal.
Giving an account of India's overall military modernisation, Lt Gen Pande also said that an in-principle approval has been given to new combat formations called the Integrated Battle Groups (IBGs) which can mobilise fast with a more effective approach.
Mere shuffling of resources or cosmetic changes to prove a point would be counterproductive in the long run, observes Commodore Venugoptal Menon (retd).
'It is crucial today to realise where we have reached in this 15 year-period in order to fully and properly assess the profundity of what General Rawat has said,' points out Ambassador M K Bhadrakumar.
'Any normalisation exercise will bring its share of volatility.'
Karachi, where India refused to play a Test last year, has been listed for an ODI and Test in the 2006 series.
Eyeing a maiden IPL title, the fancied Delhi Capitals will face another litmus test in the form of a Kolkata Knight Riders unit brimming with optimism when the two sides lock horns in the Qualifier 2 match in Sharjah on Wednesday.
The Chinese side has particularly bolstered its presence in the Galwan Valley, erecting around 100 tents in the last two weeks and bringing in heavy equipment for construction of bunkers, notwithstanding the stiff protest by Indian troops. There have been reports of multiple incidents of transgressions by Chinese troops in several areas in Eastern Ladakh.
'I would urge my Indian friends to look at how significant the overall support was.'
Notwithstanding India's good showing en route to the 2003 World Cup final, former batsman Damien Martyn said that it was Australia's 'self-belief' that helped them in outplaying the Sourav Ganguly-led side in the title clash.
The Kartarpur Corridor will connect the Dera Baba Nanak shrine in India's Punjab with Darbar Sahib at Kartarpur, just 4 kilometres from the International Border, located at Narowal district of Pakistan's Punjab province.
Last year, the country's defence budget was $175 billion.
Notwithstanding the challenges posed by the pandemic, the deal street remained buoyant pushing the overall deal value to a three-year high of $90.4 billion during the first nine months of 2021, a 35.1 per cent increase in value over the same period last year, according to an industry report. During the third quarter ending September, total deals grew by a tepid 3.8 per cent, according to the leading provider of financial markets data and infrastructure globally Refinitiv, an LSEG Business. The report also noted that IPOs alone grabbed as much as $9.1 billion of the deal value during the year.
Sweden, Singapore and Finland follow, while the United States loses ground in networked readiness, falling 6 places to 7th position.
The mounting criticism of their poor show in the Test series against Australia notwithstanding, the Indian cricket team chose, on Monday, to enjoy some go-karting instead of having a nets session ahead of the do-or-die 3rd Test starting in Perth on Friday.
Out of the top 11 Asia Pacific economies, the average monthly Indian starting salary was ranked ninth.
With decline in number of fresh COVID-19 cases and easing of restrictions, the country's gross domestic product (GDP) will grow at 8.5 per cent in FY2021-22, according to credit rating agency Icra Ratings. It expects the gross value added (GVA) at basic prices (at constant 2011-12 prices) to grow at 7.3 per cent in FY2022. "The impact of the second wave of COVID-19 and the ensuing state-wise restrictions was seen across a variety of high frequency indicators in April-May 2021.
'Money that came into mutual funds near the previous peaks -- the second half of 2017 and 2018 -- has in most cases experienced unflattering returns.' 'A large proportion of redemptions could be such inflows exiting when the market recovered sharply from July 2020 onwards.'
India and China will grow at 8 per cent or above in the next two years, says global rating agency S&P. According to the report titled 'Asian resilience amid global turbulence', strong regional drivers are expected to insulate the Asian economies from the adverse impact of a moderate recession in the US. Even though the growth rates of Asia-Pacific would slow somewhat, the region would still grow at a relatively fast pace in 2008 and 2009 - buoyed by China and India.
The religious parties, Bhutto added, have gained strength within Pakistan and "today control two of our most important provinces that border Afghanistan."
'Their dharma propels them to pay their workers; otherwise, they know the boys would starve.' 'At the same time they will not allow their business to suffer,' observes Dr Sudhir Bisht.
India Inc's India's Business Confidence Index has gone up by 5.4%.
This is the ninth consecutive day that Pakistan violated the ceasefire. There have been 41 violations of the ceasefire accord this year so far. There has been over 230 ceasefire violations along the Indo-Pakistan border this year.
'Analysts see BECA as a 'force multiplier' for India.' 'But China too is known to have such capabilities.' 'The military gap with China will continue to remain a fact of life, BECA notwithstanding,' argues Ambassador M K Bhadrakumar
However, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter.
'During the course of these two years, as new people have joined, we have no mental picture to associate with them and hence, have little connection with them.'
Australia were on 103 for 2 in the second innings, a lead of 197 runs, at the close of play on the third day of the third Test against India, in Sydney, on Saturday.
India is giving priority to boost trade with European Union and foresees no difficulty in signing a free trade and investment agreement with EU, notwithstanding wide differences between the two sides in the WTO over the Doha Round of trade talks. India and EU are negotiating a free trade and investment agreement aimed at phasing out and eliminating import duties on a large number of trade items.
Immediate NSG membership will not help India realise its nuclear ambitions any faster. It could have easily left the process take its own course, instead of running a high-stakes campaign to get in, says B S Raghavan.
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