China will use airpower to support Pakistan from the start of a war. China will use the opportunity to at least take Ladakh. Its growing navy will prevent India from blockading or attacking the Makran Coast. And thanks to Chinese weapons, Pakistan keeps expanding its forces, observes Ravi Rikhye.
Switzerland face an anxious wait to see if they will make Euro 2020's last 16 after Xherdan Shaqiri's superb double helped them secure third place in Group A on Sunday with a 3-1 win over a dismal Turkey.
'Not a single person I spoke to there believes that the Kundalkulam plant is safe.'
The size of Delhi's Budget is close to Rs 55,000 crore, or about 6 per cent of its gross state domestic product (GSDP). What set the state apart is that in the last decade, its fiscal deficit hardly crossed 1 per cent of GSDP, while many other states grappled to contain it within 3 per cent. This was largely possible due to the revenue surplus position, reports Abhishek Waghmare.
Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.
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The broader consensus was that the Fed would cut the monthly stimulus of $85 billion by $10-15 billion.
From social engineering to bearing the cost of COVID-19 treatment to financial reconstruction of Tamil Nadu's debt the debutant chief minister is emerging as a leader with a difference, says Shjne Jacob
Both enter finals in Singles of the Swiss Open
As the BJP is set to form the next government in Maharashtra on Friday, industry experts want the new chief minister to expedite the delayed infrastructure projects in the state and revive investment in key sectors by removing bureaucratic bottlenecks.
Prime Minister Narendra Modi had announced a relief package of Rs 20 lakh crore or about 10 per cent or GDP last week. However, many of the measures unveiled have been in the form of moves like loan guarantees which do not entail an immediate fiscal cost.
China has conveyed its willingness to enhance cooperation with India on combating the menace of terrorism, including in the United Nations, President Pranab Mukherjee said on Friday winding up a "fruitful and productive" four-day visit to that country.
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The cap on FDI in retail has been totally removed, while the limit in insurance sector has been enhanced to 46 per cent.
The Bharatiya Janata Party on Thursday came under fresh attack from its ally Shiv Sena, which slammed it for creating a "trust deficit" by hobnobbing with the Raj Thackeray-led Maharashtra Navnirman Sena in the run-up to the polls and asked it to mend its ways and follow the "alliance dharma".
India's double Olympic medallist P V Sindhu failed to reach the women's singles summit clash after going down fighting to Japan's Sayaka Takahashi in three games at the French Open badminton tournament Paris on Saturday.
Images from the English Premier League matches played on Sunday.
World championship bronze medallist Lakshya Sen entered his maiden World Tour Super 500 summit clash on Saturday with a come-from-behind win over Malaysia's Ng Tze Yong at the Yonex-Sunrise India Open in New Delhi.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
The match lived up to its billing right from the start
"Throughout our history we've learned this lesson -- when dictators do not pay a price for their aggression, they cause more chaos. They keep moving. And, the costs and threats to America and the world keep rising," Biden said addressing the joint session of the Congress in his first State of the Union.
'For the next two years, we expect the bulk of earnings growth contribution from sectors like financials and energy, where the outlook remains positive, while the sectors which are linked to domestic consumption and are currently witnessing strains on margins have low salience for Nifty earnings.'
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
Top gainers in the Sensex pack included Hero MotoCorp, Maruti, M&M, Bajaj Auto, HUL, HCL Tech, Bajaj Finance, ITC, HDFC and L&T, rising up to 7.51 per cent.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
Out of 30 key export sectors, as many as 22 showed negative growth in September.
'Event management can distract from, but not permanently mask, execution failures,' points out Rathin Roy, director, National Institute of Public Finance and Policy.
Yuvraj Singh and Mahendra Singh Dhoni turned the clock back with a batting masterclass as the old warhorses' twin tons powered India to a 15-run win over England in the second One-day International and take an unassailable 2-0 lead in the three-match series.
A round-up of Tuesday's action in the UEFA Champions League.
Hasty, ill-conceived steps show how isolated Mamata Banerjee had been from the national political trend. A fascinating excerpt from Sugato Hazra's Losing The Plot: Political Isolation Of West Bengal.
Liverpool will play the winner of Wednesday's other semi-final between Ajax Amsterdam and Tottenham Hotspur with the Dutch side leading 1-0 from the first-leg in London.
India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and financial instability, according to a UN report released on Thursday. The UN Conference on Trade and Development (UNCTAD) report downgraded its global economic growth projection for 2022 to 2.6 per cent from 3.6 per cent due to shocks from the Ukraine war and changes in macroeconomic policies that put developing countries particularly at risk. The report said while Russia will experience a deep recession this year, significant slowdowns in growth are expected in parts of Western Europe and Central, South and South-East Asia.
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
'The pressure to work together is even greater than before, because the Chinese have launched a full-court press on the border, in the region, and globally to advance their geopolitical agenda.'
Real Madrid are hoping the fit-again Cristiano Ronaldo can lead them into the Champions League final although strike partner Karim Benzema remains a doubt for Wednesday's return match with Manchester City.
Saina Nehwal was forced to retire midway through her opening match but India's young brigade produced a clinical display to notch up a fine 3-2 win over Spain and get off to a winning start in the Uber Cup in Aarhus, on Sunday.
'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
A summary of Saturday's action at the US Open.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
'All the hard work of 23 years of Indo-Naga political talks having passed through six successive prime ministers is coming to a nauseating end because of the mischief that keeps boiling in the hands of this interlocutor who has become more a liability than anything,' the NSCN IM said.
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