Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23. In its revised Budget (RE) estimate for the 2021-22 fiscal, the government has pegged total subsidies to be at Rs 4,33,108 crore against the actual Budget estimate of Rs 7,07,707 crore in the previous financial year. Out of which, the food subsidy is estimated to decline to Rs 2,86,469 crore in the current fiscal from Rs 5,41,330 crore in 2020-21, while petroleum subsidy is estimated to fall to Rs 6,517 crore from Rs 38,455 crore in the said period.
Prime Minister Imran Khan addressed a ceremony held at Pakistan Air Force base Minhas Kamra in Attock district of Punjab province to induct the new fighter jets.
'The US will not want to tangle with China landwards.' 'Nor will the US confront the Chinese navy seawards on India's account.'
However, Cipla was very clear it does not want to get into vaccine manufacturing.
The salient features of the new OTT/social media policy announced by the Information Technology Minister Ravi Shankar Prasad and Information and Broadcasting Minister Prakash Javadekar on February 25, 2021.
The US has said it will go ahead with its plan to conclude its Afghanistan mission by August 31, even as the evacuation effort, which is now in its "retrograde period", is facing an "ongoing and acute threat" from ISIS-K.
A quintessential military commander, Gen Bipin Rawat possessed an uncanny understanding of geopolitical upheavals, calibrated a tri-services military doctrine to make India face myriad security challenges, and is largely credited with bringing down militancy in the Northeast and Jammu and Kashmir.
The evicted families of Dhalpur villages in Gorukuti will not, however, be paid any compensation as they are "encroachers", the government said in an affidavit to Gauhati High Court in response to a PIL filed by the Leader of the Opposition Debabrata Saikia.
'We lost our place in being first in the epidemic, when it hit India so hard, but we were actually the epicentre of the epidemic from essentially April 2020, for almost an entire year. We had such high cases. We were the country that had the most mixed response.'
Civil Aviation Minister Hardeep Singh Puri Monday said the Airports Authority of India (AAI) will continue to receive revenue share after the government sells its stake in the airports in Delhi and Mumbai. "Those who are raising concerns should also know that the Delhi's airport and the Mumbai airport are on a 60 yr lease. "These & the 6 other airports will be back with AAI after the lease period. So, nothing as they claim, is being 'sold out!" he said on Twitter. Congress leader Rahul Gandhi on Monday attacked the government over reports that it plans to sell its residual stake in the already privatised Delhi, Mumbai, Bengaluru and Hyderabad airports, alleging that such privatisation hurts the public and benefits only a handful of cronies.
If things go according to plan, the vaccine would be available in the market by the end of this year.
Healthcare has become one of the largest sectors of the Indian economy and is expected to reach $372 billion in 2022, according to a report by Niti Aayog released on Tuesday. The report outlined a range of investment opportunities in the country's healthcare sector across hospitals, pharmaceuticals and medical devices. The report, titled 'Investment Opportunities in India's Healthcare Sector', also said India's healthcare sector has the potential to generate 27 lakh jobs in India between 2017 and 2022 -- over 5 lakh new jobs per year.
The country's largest two wheeler maker Hero MotoCorp and Harley-Davidson on Tuesday announced a wide ranging partnership for the Indian market, days after the US cult bike manufacturer announced its exit from the country. As part of the deal, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name in the country. Besides, it will take care of service and parts requirements for the Harley bikes.
'The reality of this virus is that as long as it is circulating, it can mutate into new variants and by the time you realise that this is a new virus, which is more dangerous, and more transmissible, it is too late.'
Eminent rocket scientist S Somanath has been appointed as the chairman of the Indian Space Research Organisation as well as the space secretary, a personnel ministry order issued on Wednesday said.
The masked, blue gowned and now fogged face shields were highly skilled and capable health care workers -- but inside their protective clothing they were people, with emotions -- sad, fearful, tears pouring down their masks and dripping off the sky blue water repellent gowns. Even Kevin the hulk, the male nurse who I saw lift a patient single-handedly to place an X-ray plate under the chest, was staring at his foot wear, moved to tears. Dr Sanjeeth Peter reveals what goes on in a Covid ICU: The second of a heart-wrenching multi-part diary of a Covid Warrior.
'But we are much better than what we all had expected and planned, and what all the prophets of doom had predicted.'
The consumer buying patterns and preferences have changed significantly with categories like health and pharma, FMCG and agriculture seeing a surge and exponential growth along with the rising number of first-time online shoppers.
The mission has three modules - Orbiter, Lander (Vikram) and Rover (Pragyan)
Swapnila said they saw the GSLV Mk-III rocket that will launch the mission into space. "It was so huge," she added.
'One of R&AW's greatest achievements is in projecting itself as benign.' 'This work -- done in tandem with the Diaspora and the MEA -- sells a story of India as mostly the victim.'
'I think Ratan felt he had to do everything that he could to retain control of the company started by his forefathers, because that was the first priority and nothing else mattered compared to that.'
Protests broke out in some states on Friday, including Delhi's Jama Masjid and stone-petling at policemen in Uttar Pradesh's Prayagraj and Saharanpur, over the controversial remarks on Prophet Muhammad by two now-suspended Bharatiya Janata Party functionaries with demonstrators in Jharkhand injuring a few policemen while authorities in Jammu imposed a curfew in few areas and parts of Kashmir observed a shutdown.
If the vaccine is recommended for use as a booster against Omicron, it may significantly boost the demand for Covishield in India.
Jersey is a sweet little drama that hits a home run on the strength of its heart and hero, applauds Sukanya Verma.
According to a gazette notification of the draft rules published on June 5, a hospital or medical institution may import new drug for 'compassionate use for treatment of patients suffering from life threatening disease or disease causing serious permanent disability or disease requiring therapy for unmet medical need', which has not been permitted in the country, but under Phase-III clinical trial (human trial) in the country or abroad, by making an application to the Central Drug Regulator.
A three-judge bench headed by Chief Justice Dipak Misra framed several questions to be dealt with by the Constitution Bench, including whether the temple can restrict women's entry.
In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of chairperson and managing director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently saying the regulator should hear if Indian companies have a view on the matter even as she made it clear that she was not "giving a diktat". The top-500 listed entities were required to split the roles of chairperson and managing director/chief executive officer before the April 2022 deadline.
'If we vaccinate quickly, it could be pushed to January, February, and the longer it can be pushed, the smaller the wave is likely to be, because by that time vaccination will scale up.'
The bench said denying permanent commission to women officers who have served the nation would result in serious miscarriage of justice.
There were apprehensions in the SII about rival Bharat Biotech's 'indigenous' tag, opening up shortcuts for it. One senior person, who was very familiar with the sector, told me, 'The message has gone out from the very top. Somani (V G Somani -- drug controller general of India) has told me "Bharat ka karna hai".' A fascinating excerpt from Abantika Ghosh's Billions Under Lockdown: The Inside Story Of India's Fight Against COVID-19.
The rocket can put satellites weighing upto four tonnes in space, double the weight that the current GSLV-Mark-II can lift.
The vaccine maker Bharat Biotech said in a statement that preliminary reviews indicated that the death was unrelated to Covaxin.
The certification will enable Vistara to safely operate under low visibility conditions due to fog or any other poor weather conditions, which is anticipated in the north-east and northern parts of the country typically during the year-end and the beginning of the year, the airline said in a release.
'You have sufficient protection if you take the second dose of the Covishield vaccine at 12 weeks, because this vaccine works in a way where it provides protection in the first dose.'
How Zabiuddin Ansari alias Abu Jundal, the Indian link in the 26/11 conspiracy, was captured after a painful 43-month chase.
The paper also includes musing that SARS -- which hit China in 2003 -- could have been a man-made bioweapon deliberately unleashed by "terrorists".
The residents of Delhi on Friday woke up to dense fog with minimum temperature settling at 12 degrees Celsius, five notches above normal.
'As I set course for the Helicopter Training School this morning,' notes IAF Helicopter Veteran Air Commodore Nitin Sathe, 'I bow my head in respect for the institution which made me the man I am.' 'I also salute the Chetak which taught me much more than flying.' 'Both these institutions, in their own right, justify the crest and motto of the School: Achievement through Knowledge.'
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