The coronavirus has infected 1.2 million Americans and killed more than 73,000.
'Those who should have been affected benefitted from demonetisation.' 'And the vast majority who should not have been affected lost out.' 'That is the ultimate result of demonetisation.'
'Leaders of the Indian community in Hong Kong had broached the idea of developing the Andaman and Nicobar islands for investment and setting up manufacturing units,' points out Rup Narayan Das.
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
Remember the US withdrawal agreement was signed in February 2020. In the intervening period, a proper evacuation plan ought to have been in place. It was not. Consequently, tens of thousands of Afghans who had worked as interpreters, drivers, suppliers of goods and services, etc, face brutal retribution from the Taliban, Virendra Kapoor points out.
The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.
The BSE Sensex surged over 442 points to close at its life-time high of 38,694.11 and the broader NSE Nifty ended at a fresh record of 11,691.95, rising 134.85 points.
Did Xi deliver a message to Modi at Mamallapuram, which though couched in a velvet glove was time-bound? What was that message? It is clear Indian/Israeli/US spy satellites would not have missed detecting Chinese troop movements towards the Ladakh-Tibet frontier. Then why did some important functionaries in the Government of India choose to only ask the Russians about this in April 2020? Was Russian reassurance of Chinese troop movements being part of a routine exercise the reason that the Leh-based XIV Corps did not mobilise itself for its annual summer exercises near the LAC? A fascinating excerpt from Iqbal Chand Malhotra's new book Red Fear: The China Threat.
India has already mobilised fighter jets and sent thousands of additional army troops to forward locations along the border with China after 20 Indian Army personnel were killed in a brutal attack by Chinese troops in eastern Ladakh's Galwan Valley on June 15.
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
'Never lose your optimism. Never lose your aspiration and never -- even if India becomes a prosperous consumer society -- never ever lose that shining light in your eyes,' advises Dr Peter McLaughlin, headmaster of the Doon School.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
The renminbi is expected to weaken another 2 per cent in six months.
The US has the distinction of destroying a flawed but functioning State thrice since 1979. Pakistan has been their constant accomplice, explains Shekhar Gupta.
Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
In December, over 1.7 million people have checked in over the weekends.
The broadening of the market rally sends the signal that growth will be broad-based, observes Akash Prakash.
The promise of a less suspicious government is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan.
If New Delhi finds itself out in the cold in Afghanistan, both the Congress-led UPA and BJP-led NDA have only themselves to blame. Each has been in power for a full decade from 2001, without reaching out to the Taliban, points out Ajai Shukla.
'The Chinese can't be trusted hence the need to verify and re-verify.'
India and Pakistan have agreed to strictly observe all agreements on ceasefire along the Line of Control (LoC) and other sectors, according to a joint statement on Thursday.
'The last ten months show that India is not going to trust China.' 'Our military commanders are not going to believe that all is well till it actually is.'
External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi met in Moscow on Thursday amid hopes of a possible breakthrough in reducing tensions along the Line of Actual Control (LAC) in eastern Ladakh.
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
Modi cautioning that cryptocurrency can spoil the youth.
Shanghai Gold Exchange plans to open a centre at GIFT City, in partnership with BSE or NSE
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
What worked for the markets was favourable global investor sentiment and encouraging flows into the emerging markets following stimulus measures taken by central banks.
The India Army troops rose to the occasion to the challenges along the northern border as likely contingencies and possible options were war-gamed beforehand, Army Chief Gen M M Naravane said on Wednesday, referring to the eastern Ladakh standoff with China.
S&P Global Ratings on Wednesday lowered India's economic growth forecast to 5.2 per cent for 2020, saying the global economy is entering a recession amid the coronavirus pandemic. The agency had earlier projected a growth rate of 5.7 per cent during the 2020 calendar.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
The country will not allow any "unilateral action" on its border and will pay any cost to thwart such attempts, he told the Bharatiya Janata Yuva Morcha's state conference.
'The probability of this being a suckers' rally, where all kinds of beaten down stocks have begun to rally sharply, should be a time to be cautious and circumspect.'
China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.
'As banks grapple with risk aversion and savers see an erosion in the value of money, the P2P platform can be a win-win for both borrowers and lenders,' notes Tamal Bandyopadhyay.
On Wednesday, the Chinese authorities extended a ban on sales of shares by large shareholders.
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