'The government is making more reservations for scheduled castes and scheduled tribes. That, I believe, will ruin Indian industries,' says Professor Baldev Nayar.
'It looked as if India had been a major player in science at that time, raising the question when and why things changed,' says distinguished aerospace scientist Professor Roddam Narasimha.
Gujarat Chief Minister Narendra Modi is a dictator, lying is his style and his development propaganda is completely fake. These are some of the claims made by Professor Hemant Shah, head of the department of economics at H K Arts College, Ahmedabad.
How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
'The BJP has lost 5 states and Lok Sabha elections are due in less than 90 days.' 'The reservation bill is a jhunjhuna (lollipop) for the upper castes.'
India should take 'measured approach' with stimulus packages to deal with COVID-19 by limiting interventions to the provision of food, shelter and basic necessities of life for all; forbearance on payments of outstanding loans; and extra provision of working capital including what will be necessary to cover outstanding wages from lockdown period to enterprises.
'India was fortunate to have a late entry into the pandemic; even the first wave entered India 2-3 months after many other countries experienced it.' 'Similarly, the second wave reached here after other countries went through it.' 'Despite having seen what other countries faced, we didn't ramp up our infrastructure sufficiently enough.' 'We remained highly under prepared.'
'The distrust of traditional political parties in Punjab is an advantage for AAP.'
In an interaction with former Congress chief Rahul Gandhi on the impact of lockdown on India's economy, Rajiv Bajaj, MD, Bajaj Auto, said India tried to implement a hard lockdown which was still porous and ended up with the worst of both worlds.
India may need to take a fresh look at its monetary policy, says Amartya Lahiri, professor of Economics at the University of British Columbia.
India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
The estimated size of the Durga Puja economy could be about Rs 2.75 trillion in 2021 had there been no pandemic, points out Atanu Biswas.
Harris, the 49th US Vice President, will serve as the deputy of President Joe Biden, 78, who also took the oath of office, becoming the 46th US President.
China had been trying hard to enter the Indian market, without opening its own to Indian products. There is an economic crisis in India-China relations that the Chennai Connect barely scratched the surface, points out Srikanth Kondapalli.
However, the government has enacted an important change to the fixed-term employment framework that may help companies in handing out contractual jobs to its existing permanent workforce.
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
India had been growing around 8-9 per cent before theglobal financial meltdown of 2008. The growth rate in 2011-12 slipped to nine-year low of 6.5 per cent.
What is the guarantee that another Trump will not arise and reach out to the American people directly? The fact of the matter is that Trump's support base remains the envy of any American politician, notes Ambassador M K Bhadrakumar.
Amid deepening concerns in China over the regrouping of the ETIM, blamed by Beijing for all the violent attacks in its volatile Xinjiang province and elsewhere in the country, Foreign Minister Wang Yi met Mullah Baradar at Tianjin and sought to prevail on him to build a 'positive image and establish a broad and inclusive political structure that suits Afghanistan's national realities'.
The total household wealth in India during this period rose 1.7 per cent to $246 billion.
President Donald Trump's executive order restricting entry of skilled foreign workers into the US, mainly on H-1B and L1 visas, has resulted in an estimated loss of $100 billion to companies in the US, a top American think-tank claimed. The executive order signed by Trump on June 22, that had temporarily banned issuing fresh H-1B and L-1 visas till December 31, caused a negative impact to the valuation of Fortune 500 firms equivalent to over $100 billion in losses, Brookings Institute said in a report released this week.
'The capability of the Indian State to implement programmes and policies is weak -- and in many domains it is obviously not improving. In police, tax collection, education, health, power, water supply -- in nearly every routine service -- there is rampant absenteeism, indifference, incompetence, and corruption,' says Professor Lant Pritchett.
'While many Chinese policy makers dismiss the political, economic and technological component of US-India relations, they express caution on the defence-related ties which also happens to be a major driver in US-India relations,' explains China expert Srikanth Kondapalli.
'China is constantly probing India's weaknesses.' 'The challenge is to implement a strategy that will allow India to buy time, gather its strength, and eventually counter China,' recommends Harsh V Pant and Vinay Kaura.
Some important simple truths about the issue may be more helpful than high sounding debates, asserts Mohammad Sajjad.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
Economists have asked Finance Minister Arun Jaitley to lower interest rate, rationalise subsidies, remove all cess and surcharge, do away with the retrospective tax amendments and scrap dividend distribution tax to revive investment cycle and promote growth.
US President Barack Obama has nominated Janet Yellen to head the Federal Reserve Board, describing her as one of America's "foremost economists and policy makers".
Yellen is currently Vice Chairman of the Board of Governors of the Federal Reserve System.
As Japan expands state of emergency, calls grow to cancel Games. Japan has repeatedly insisted it will hold the Games despite opinion polls showing a majority of respondents want them postponed again or cancelled.
Around 75 professors and other academics of Indian origin working at some of Britain's prestigious institutions such as Cambridge and Oxford university and London School of Economics on Tuesday issued an open letter, sharply attacking Narendra Modi and saying, "The idea of Modi in power fills us with dread".
Gandhi earlier took a dig at Modi saying he wanted to "congratulate" him on winning the "world famous" Philip Kotler Presidential award.
To a question related to RBI's policy rate, Rajan said no amount of interest rate cut is going to help if credit growth is weak.
India needs to cuts interest rates and expand public expenditure if it wants to boost growth rate, says Sunanda Sen.
'He was always opposed to a form of nationalism that was narrow, selfish and arrogant.' 'He will always remain a beacon of inspiration for freedom-loving people across the world and for movements of resistance against oppressive State power.'
'MGNREGA is definitely like a lifeline and is the employer of the last resort'
In a wide-ranging interview with Business Standard, the professor with Columbia University says economic power is already shifting to emerging market economies.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
Vladimir Franz nicknamed 'Avatar', whose 90 per cent of the body is covered in tattoo, is running at a surprising third place in polls ahead of this week's Czech Republic a presidential election.
The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.
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