'Should the most important part of economic reform not comprise the way we look at the fiscal deficit?', asks T C A Srinivasa Raghavan.
Slight recovery in growth is expected only in July-September.
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.
'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.'
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.
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.
'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.
'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.
P V Sindhu beat world No.12 Busanan 21-17, 21-13 in the women's singles opener, while Kidambi Srikanth demolished Sitthikom Thammasin 21-11, 21-11 in 37 minutes in the men's singles.
Silver prices have fallen by eight per cent in 2015 to Rs 34,290 a kg.
A round-up of Tuesday's action in the UEFA Champions League.
The current crisis Karnataka Chief Minister Siddaramaiah is facing is a cumulative effect of inattention to water management and the fiscal burden of populist promises, says Aditi Phadnis.
The petition stated that the proposed project would affect the flow of the river Cauvery considerably and will severely affect the irrigation in Cauvery basin of Tamil Nadu.
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
Images from the Premier League matches played on Sunday.
United Nations General Assembly on Friday appointed Antonio Guterres as the UN Secretary General for a second term beginning January 1, 2022, days after the powerful Security Council unanimously recommended his name to the 193-member body for re-election.
'Indian diplomacy faltered amidst multiple failures of statecraft.' 'The functionaries responsible must be held to account for their abject failure,' asserts Ambassador M K Bhadrakumar.
A summary of Saturday's action at the US Open.
Bayern Munich eased past title rivals Borussia Dortmund 3-1 on Saturday to secure their 10th consecutive Bundesliga crown in front of a sold-out home crowd and with three games to spare, while Paris St Germain secured a record-equalling 10th French top flight title after stuttering to a 1-1 home draw by 10-man RC Lens.
'The big power struggle in faraway Europe erupted at a most critical juncture when India has been increasingly sceptical about American policies and statesmanship,' argues Ambassador M K Bhadrakumar.
The government's programmes should be expected to generate some momentum, but the macro-economic numbers are not encouraging, observes T N Ninan.
Bayern edge closer to Bundesliga title after win at Arminia
When emerging from this crisis, the govt must consider a fresh approach to reviving growth, revisiting the Centre-state fiscal balance, and devising a re-imagined GST 2.0, suggests T N Ninan.
India's most powerful prime minister in five decades gets publicly admonished -- if gently -- by the US vice-president. The question is, would this make him reflect on how and why, or which ones of his government and party's missteps exposed his flank like this? asks Shekhar Gupta.
Silverline seems symptomatic of how Kerala -- its claimed education, awareness and all -- overlooks its real problems, notes Shyam G Menon.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
It is in no way a government of the economic Right. The Right is limited to religion and nationalism. The rest is as Left as the Congress or any other party, observes Shekhar Gupta.
To make possible discretionary spending including capex and that on welfare, the government decided to borrow more than planned in FY21 -- Rs 12.7 trillion.
Valtteri Bottas ended his year-long drought with a dominant victory in Turkey on Sunday while unhappy Mercedes team mate Lewis Hamilton finished fifth and lost the Formula One championship lead to Red Bull's Max Verstappen.
While there was unrest in the rest of the Kashmir valley, the Dal Lake was serene and peaceful.
The major beneficiaries have been the ministries of roads and highways, railways and power
IMAGES from Day 4 of the Wimbledon Champions at the All England Lawn Tennis and Croquet Club, London, on Thursday
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Tamil Nadu's finances most stressed, with gross fiscal deficit estimated at Rs 31,830 crore.
The IAF chief also said Pakistan has become a pawn of Chinese policy and its dependence on China would increase further in future. He said India needs to understand the interplay of some major events in its vicinity that would impact the security scenario of the region.
The comments from Das assume importance as the government for two consecutive terms have missed its fiscal deficit targets by 10 bps
As the world's third-largest oil importer and consumer, India is running out of options as the relentless surge in international oil prices make it imperative to pass them on to consumers, officials said on Monday. India imports 85 per cent of its crude oil needs and about half of its natural gas requirement. While the imported crude oil is turned into fuels such as petrol and diesel, gas is used as CNG in automobiles and fuel in factories.
These conditions are implementation of the 'One Nation, One Ration Card' scheme, ease of doing business, power sector reforms, and urban local body reforms.
IMAGES from football matches played across leagues in Europe on Sunday.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
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