All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting.
'Modi looks to be an effective, result-oriented, purposeful leader, focused on bringing greatness and glory to the nation.'
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So it is best for his critics to give up their sniping and supplement his efforts,' asserts B S Raghavan, the distinguished civil servant who served three prime ministers.
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
Governments that do not respect central banks' independence will sooner or later incur the wrath of the financial markets, ignite economic fires, and come to rue the day they undermined an important regulatory institution; their wiser counterparts who invest in central bank independence will enjoy lower costs of borrowing, the love of international investors, and longer life spans, said Acharya, who will return to the New York University's Stern Business School in August.
Indian American Louisiana Governor Bobby Jindal has a good chance of being selected as vice-presidential running mate of Mitt Romney, the presumptive Republican presidential nominee, a media report has said.
Manohar Lal Khattar took oath as Haryana chief minister for the second time on Sunday and will lead the Bharatiya Janata Party-Jannayak Janta Party coalition government in the state. JJP leader Dushyant Chautala took oath as the deputy chief minister.
At the moment, there appears to be no alternative political narrative to the one lying buried under the debris of havoc caused on this front by the fallout of 'August 5, 2019', asserts Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
Russia and China are tight-fisted and Iran is broke and none of them has the political will or capacity to bankroll the Afghan economy, which only the US can, points out Ambassador M K Bhadrakumar.
"Anything can happen in cricket and politics. Somewhere you feel you are losing the match, but the result is exactly the opposite," Gadkari said when asked about the current political situation in Maharashtra
The RBI is understood to be dithering since it would want more clarity on the cost of the fiscal policies the new government would undertake before it decides to cut rates, even though it has pencilled in a lower gross domestic product growth rate for this fiscal year.
India Ratings and Research on Friday revised down India's FY22 real GDP growth forecast to 10.1 per cent, from earlier projection of 10.4 per cent, citing the second wave of COVID-19 infections and slower pace of vaccination. At a time when large parts of the country are experiencing tremendous pressure on medical infrastructure, the agency said it expects the second wave to start subsiding by mid-May. Earlier this month, the Reserve Bank maintained its 10.5 per cent GDP growth estimate, but Governor Shaktikanta Das has flagged the rising cases as the biggest impediment to recovery.
The proclamations came after various Hindu organisations in the US announced the addition of another major festival, an entire month of festivals, in October as the Hindu Heritage Month.
Informing about his decision, Maurya said in a tweet in Hindi, 'Due to the attitude of gross neglect towards Dalits, backwards, farmers, unemployed youth and small and medium-sized traders, I am resigning from the council of ministers of Yogi (Adityanath) of UP.'
Former RBI deputy governor Subir Gokarn outlines an economic plan for Modi sarkar.
On growth, the Governor said the prospects in the last few months have improved.
With just three days left for her crucial run-off for the Republican governor's nomination from South Carolina, American-Indian aspirant Nikki Haley received a major boost in her electoral prospects with an endorsement by the blogger who had alleged to have affair with her.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
The BJP announced names of 107 candidates for the Uttar Pradesh assembly polls.
The additional cash will now give the Centre more headroom for stimulating the economy.
Modi will also need to reconcile market demands with those from forces within his own administration
With Haryana facing the prospect of a hung assembly, Indian National Lok Dal chief Om Prakash Chautala on Thursday said that the governor should invite the opposition parties first and give them an opportunity to form the government. "We appeal to the governor to invite the opposition parties first, which have emerged as the largest group. Chief Minister Bhupinder Singh Hooda should immediately step down on moral grounds."
If this turns into reality, India's gross domestic product (GDP) growth will be the lowest since 2012-13, which could severely hit job creation and income growth in the near term.
If he doesn't win next year, it will set back the party's prospects in 2024. If he wins, it will be seen as his win as much as the BJP high command's, points out Shekhar Gupta.
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
The meeting between the West Bengal government and the Opposition in the presence of governor, Gopal Krishna Gandhi, seeking a breakthrough in the Singur impasse, appeared to have achieved success with the state accepting the 'land for land' formula, and offering 47 acres inside the factory complex now held by WBIDC and another 27 acres acres held by the power department inside the factory complex, along with state held (or 'khas') land of 43 acres
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
Adhikari, the face of the Nandigram movement that catapulated Mamata Bannerjee to power in 2011, sent his resignation letter to the chief minister by fax, which he then forwarded to Governor Jagdeep Dhankhar by e-mail.
Even as the Shiv Sena, Nationalist Congress Party and Congress were burning the candle at both ends to hammer out a deal over forming the government in Maharashtra, the Amit Shah-led BJP was quietly planning its moves.
This is the fifth straight cut in rates by the Reserve Bank of India in as much policy reviews in 2019, and takes the total quantum of reductions to 1.35 per cent.
'The greed for power of the BJP and its allies is exposed to the fact that they can't even give charge to a trusted lieutenant in the absence of the CM.'
Y V Reddy, outlined certain key milestones in the Indian economy's growth story and envisioned the future trajectory
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
It happened in 1844, and now 168 years later, Republican nominee Mitt Romney may need to duplicate a rare feat achieved by James Polk, the 11th US president, if he wants to defeat President Barack Obama in Tuesday's race to the White House.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
There is also a lobby within the bureaucracy that wants to see Rajan's influence curtailed
The Centre on Thursday said that the expression 'office of profit' has not been defined in "any law".
The party desperate to retain power in the state will also prepare dossiers on opposition MLAs to assess the winability of prospective party nominees.
