The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
'We don't expect any immediate impact on salaried jobs.'
'As people have moved from cities to small towns and villages, they have carried the infection into new territories.' 'Poor healthcare infrastructure in these places should be a big worry in the days to come.'
Positive cues from the global market front aided the rally.
Here's the full text of President's address with a word cloud.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
Maharashtra Chief Minister Uddhav Thackeray on Sunday night announced a statewide curfew in Maharashtra for 15 days from April 14. However, he clarified, essential services were exempt from the curbs.
energy is India's binding supply-side constraint for inclusive growth.
'We keep worrying about this variant or that variant. Forget about that.' 'Every variant can be stopped with a mask.' 'We don't want to do the simple thing of wearing a mask, but we worry ourselves to death about different variants.'
Indian Parliament's new building will have a triangular shape to reflect the importance of triangles being a sacred geometry in various religions, while its interiors will have three national symbols as their main themes -- Lotus, Peacock and Banyan Tree.
We knew from the moment the pandemic took hold that this would be a long haul -- at least 12 to 18 months. Nothing should have changed that assessment, says Mihir S Sharma.
Delhi Metro, Yamuna-expressway and Tata Power's Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world's most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Containing infiltration of terrorists into Jammu and Kashmir from Pakistan will be another key focus area.
'Revival is happening slowly.' 'But that is, if the pandemic is controlled.'
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Some of the key proposals of the agenda relate to transforming the banking sector, addressing agrarian distress, countering hate crimes and discrimination, and spurring employment generation.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
The changes in the ordinance have been made after taking inputs from states suggesting changes to the Act which would make it more industry-friendly
Instead of announcing new schemes, focus will be on those already announced and key sectors.
The move is expected to help Nokia expand its presence in the key US market.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
'Why do we make finance ministers go into contortions, to tell us that near 6% is 3.5%?' 'Why not encourage more open and full accounting so that the country knows the real picture,' asks T N Ninan.
Future conflict will involve bypassing of frontiers to strike at critical vulnerabilities directly and in the hinterland at the appropriate time, explains Lieutenant General Anil Chait (retd), who served as chief of the Integrated Defence Staff and Central Army Commander.
Justice Gogoi, the 46th CJI and the first from a north-eastern state, said it was not the requirement of the Supreme Court that judges 'reach out to our citizenry through the press'.
The problem can be met, according to Shubhashis Gangopadhyay, research director of India Development Foundation, by the government tapping into its own land holdings.
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
Most, save Jaitley and Venkaiah Naidu, were silent on Bihar polls; it was business as usual for the PM.
The airports chosen for operation, management and development through a public-private partnership model are those in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
Parts of a mutilated body washed up on the sands of Copacabana Beach in Rio de Janeiro on Wednesday, police said, just meters (yards) from where beach volleyball athletes will compete in the upcoming Olympics.
The ambitious Rs 50,000 crore (Rs 500 billion), 3,289 km Dedicated Freight Corridors are a case in point. Although the project started under former railway minister Lalu Prasad and was renamed Diamond Rail Corridors by incumbent Mamata Banerjee, not a single project has been awarded yet.
German Car maker Audi plans to offer cars that can do 400 km on a single charge, says Ajay Modi.
The seventh Tibet Work Forum was held in Beijing on August 28 and 29. Delhi should be deeply concerned, at a time India faces a precarious situation in Ladakh, because the TWF also defines China's western border policies, observes Claude Arpi.
It also advocated adoption of technology platforms and innovative models.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
The prime minister's August 15 address was undoubtedly inspirational and outlined important economic and social objectives, such as making India a global hub for manufacturing, ensuring bank accounts for all poor families, major thrusts in sanitation and cleanliness, and a radical restructuring of the Planning Commission.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'
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