Making a case for an optimal fiscal stance, the Economic Survey on Friday said growth leads to debt sustainability and not necessarily vice-versa. "This is because debt sustainability depends on the 'Interest Rate Growth Rate Differential' (IRGD) i.e. the difference between the interest rate and the growth rate in an economy. "With the Indian context of potential high growth, the interest rate on debt paid by the Indian government has been less than India's growth rate by norm, not by exception," it said.
The economic survey for 2020-21 has suggested revision in the weightage of food items to gauge the true picture of inflation in the country, and said new sources of price data also need to be incorporated in the wake of increasing retail e-commerce transactions. As per the survey, the current spike in consumer price-based retail inflation of food prices is mainly a supply-side phenomenon. The survey noted that the weights of all items in retail inflation are based on the NSO household consumption expenditure survey of 2011-12, adding the weight of food items in the index might have significantly decreased over the decade since then.
According to the IMD forecast, monsoon is likely to be normal this year.
Sonal lived the feminist slogan: The personal is political, in a way few feminists have been able to. She will be remembered and missed for doing this not with a dour self-righteousness, but with humour and a rare joie de vivre, remembers Jyoti Punwani.
On this day in 1928, CV Raman discovered a phenomenon of scattering of photons.
'Today, there is pervasive fear in society; an uncertainty of what might happen.' 'This has forced Muslims to shrink further into mental ghettos, with many considering extreme measures like pretending to change their identity.'
Like ants declining to question the rules of the anthill, they feel innately justified in their approach, notes Shyam G Menon.
The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
Airlines such as Vistara and SpiceJet warned their passengers on Twitter that due to the bad weather in Delhi, their flights might get affected.
'The undiminished threat, therefore, has the potency of sustaining itself in multiple ways in the near and medium term.' 'The state agencies need to utilize innovative methods in countering radicalization and violent extremism to address this growing threat'.
In the past four months, more than 4 million new accounts have been opened, taking the total to 44.3 million.
Dharmendra was fascinated by Gabbar's role, then he said he would like to play Thakur. 'I told him he won't get Hema Malini.' 'He laughed and said okay (to play Veeru).'
Thank heavens for these images! From a mesmerizing panorama of the aurora borealis in Iceland to a beautiful image of Comet Neowise, the Royal Observatory's annual Astronomy Photographer of the Year competition has again produced some truly astounding images. Run by the Royal Observatory Greenwich in London in association with BBC Sky at Night Magazine and now in its thirteenth year, the competition this year received over 4,500 entries from around the world. The competition winners will be announced on September 16 at an online award ceremony, and displayed in London's National Maritime Museum that same month. Here's our favourite images from this year's batch.
Lord Palmerston, famed for regular territorial tiffs with neighbouring Downing Street mouse-catcher Larry, will see out his retirement in the English countryside, where he has been spending lockdown already at the home of a member of Foreign Office staff.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
They also warned that banks will start reporting higher non-performing assets after September, once the six-month moratorium on loan repayment ends.
The Biden administration should expect continuity in Iran's policies under Raisi. This may not necessarily mean that strengthening of ties with the West will be Raisi's top priority, observes Ambassador M K Bhadrakumar.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
As there won't be another total lunar eclipse until 2021, here are some of the images from around the world.
'We are very watchful about inflation and growth. But the main challenge is economic revival and growth.'
'Most of our elite athletes are in national camps so they are safer.' 'They don't have to go out to buy vegetables or groceries; they are not as exposed as we are.' 'Most of them work for government organisations, they get salaries and stipends.'
Every 12 years comes a mystical, mind-boggling phenomenon. It is the Maha Kumbh Mela. Harvard experts map the exotic and the mundane at the spectacle. Arthur J Pais reports
President of Public Health Foundation of India, Professor K Srinath Reddy said that India may see COVID-19 cases peaking as early as in two months if there are strong public health measures and people take all precautions like wearing face masks and maintaining physical distance.
He said a different kind of radicalisation was being witnessed in India and in Jammu and Kashmir.
Two decades ago when someone said, "I am on a diet," you assumed they would be eating less of everything. Today, those few words lead to a whole new discourse, says Ambi Parameswaran.
As enterprises halt ongoing projects or cancel them, all staffers working on such projects are placed on the bench. In some cases, IT firms have to reduce billable staffers in a project as clients ask for scaling down support, leading to rise in reserved employees.
The Delhi high court had directed the Centre on Tuesday to show cause as to why contempt should not be initiated against it for failing to comply with its order.
Be brave to fail, learn, and lead, advises Abhilash R, founder and CEO, Bloombloom Dreambiz (P) Ltd and B-HUB Lifespaces.
"Voting is our Dharma, and it's at the heart of our society," said Amit Jani, Biden Campaign National AAPI director.
Indian equities are no longer cheap vis-a-vis global markets, and only a short distance away from being the most expensive they have ever been.
'It did not start as a Hindutva slogan.' 'It started to tease the TMC and slowly it got internalised and the BJP started countering with Jai Shri Ram slogans because Mamata was getting provoked.'
Even if our weight yo-yos, our overall health will keep getting better.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
According to a study, sugar makes cancer tumours more aggressive.
Moreover, Assocham warned that the phenomenon is likely to hurt Brand India and impact the country's tourism
The logic of deregulation was that the consumer was protected no matter what the price of crude. But now the reverse has happened. The government is protected no matter what the price of crude, observes Aakar Patel.
'We are only amplifying the voice of scientists and experts. We are gathering information by talking to experts and are sharing it. If the government chooses to ignore that, what can we do?'
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