Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
'Many misunderstood non-violent satyagraha as a passive strategy; it was anything but that,' notes Colonel Anil A Athale (retd).
Generations of Indians don't quite grasp that there would barely be an India had it not been for the Sardar whose steadfastness and guile stitched together that which had been united only in philosophy and spirituality and sometimes not even then -- for thousands of years. A fascinating excerpt from Hindol Sengupta's The Man Who Saved India, Sardar Patel and His Idea of India.
Bharatiya Janata Party looks set to emerge as the single largest party in the Lok Sabha polls but National Democratic Alliance will fall short of the magic figure to form government, Nationalist Congress Party chief Sharad Pawar said, in remarks that may not go down well with the ruling UPA.
'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.
Singh was widely regarded as an expert in the rural and agricultural landscape of the country and is credited with the conceptualisation and implementation of the NREGA (National Rural Guarantee Employment) Act.
'He was a sentimental man, but his commitment to the Olive Green always came before anything else, including his family.' A fascinating excerpt from Rachna Bisht Rawat's Bipin: The Man Behind The Uniform.
'If we are to be a contributor to the economy, we have to reduce carbon and imports.' 'We will achieve both -- that's our target.'
Veteran politician and a member of the country's first Lok Sabha from undivided Madhya Pradesh, Reshamlal Jangade died today at a private hospital in Raipur following prolonged illness. He was 90.
'People of the state who bless me will give a befitting replay to the Congress.'
Modi said this government will offer all 'sahyog' to Kovind.
Born in 1924, Vajpayee entered politics during the Quit India movement in 1942. He was also the first external affairs minister to deliver a speech in the UN Assembly in Hindi. Vajpayee was elected to Lok Sabha from Lucknow in 1991, 1996, 1998, 1999 and 2004. He is the first and the only non-Congress leader who completed his full term as prime minister.
Gandhi and Birla, in spite of their closeness, too differed.
The Reserve Bank of India on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation.
The Reserve Bank of India Governor Shaktikanta Das on Monday said that the "momentum of inflation is on a downward slope" and the central bank would continue to strike a delicate balance between the need to contain price rise and ensure economic growth. The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices. The RBI takes into account a particular range within which crude prices are expected to fluctuate considering all the factors that can be anticipated and that can be sort of foreseen as of today, he said.
On Saturday, in the second T20 International against England at Edgbaston, he was at his best, taking three wickets for 15 runs as India outclassed England by 49 runs to seal the three-match series after taking an unassailable 2-0 lead.
Just weeks ahead of Uttar Pradesh assembly polls, Singh quit the Congress party on Tuesday and joined the BJP, in a setback for the grand old party.
'If you can simplify the technology, you don't need a doctor or a highly qualified technician to work on the technology; even an Asha health worker or a similar front line health worker can use it with minimal training.'
The Aam Aadmi Party claimed on Wednesday that the Bharatiya Janata Party has approached four of its legislators in Delhi, asking them to switch sides and join the saffron party or else, face 'false cases, the CBI (Central Bureau of Investigation) and the ED (Enforcement Directorate)'.
Gavaskar is currently in Southampton with first-hand knowledge about the pitch and conditions for the match starting June 18.
These self-appointed well-wishers of AMU are basically for the control or police model of university governance. They have no faith whatsoever in the democratic functioning of the universities, observes Faizan Mustafa, former dean, Faculty of Law, and Registrar, Aligarh Muslim University.
Reserve Bank Deputy Governor Michael Patra on Wednesday said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets. Emphasising that the Central Bank Digital Currency (CBDC) will be introduced in FY23 as announced by Finance Minister Nirmala Sitharaman in the Budget speech, Patra said India will proceed very gradually on the subject as there are concerns on privacy, its impact on monetary policy formulation and energy intensity. The government had plans to introduce a bill on cryptocurrencies like Bitcoin during the Winter Session of Parliament in November-December 2021 but did not introduce it.
It would be best that Rahul remains party chief, but at the same time, Rahul's own wishes must also be respected, Aiyar said.
'They have been pursuing their agenda of bulldozing everything and everybody on their way.' 'They suddenly see Rahul Gandhi standing in front of them without fear and fighting against them aggressively.' 'He doesn't show any compromise in his attitude towards fascism.'
'Suspect all, fix all.' 'It is this mindset that begins at the very top of an establishment and then trickles down and across,' notes Shekhar Gupta.
Like ants declining to question the rules of the anthill, they feel innately justified in their approach, notes Shyam G Menon.
'New rules have been introduced in cricket by MCC committee and I am quite supportive of couple of them'
New Zealand pacer Kyle Jamieson on Thursday said his team will need to make the most of the second new ball when play resumes on the second morning of the first Test against India.
Many banks' profits will take a hit and a few of them could even end up being in the red because of treasury losses, triggered by a sudden spike in government bond yields in the rising interest rate cycle, notes Tamal Bandyopadhyay.
While the 6.5-km the Z-Morh tunnel is expected to be completed by next year, ahead of the target date of December 2023, the 14.15 km Zojila tunnel is also scheduled to be completed ahead of the target date of 2026, National Highways and Infrastructure Development Corporation Limited officials said.
Voluntary use of masks must be promoted in the country in view of Covid-19's new XE variant, healthcare experts said, calling it the single-most effective intervention against all variants of the coronavirus.
A lot of mid and small-caps are in the bubble zone and command high valuation and have corrected sharply.
It is going to be a rough and brutal 2020 for India as its government pushes on with its ideological agenda, and the citizens do whatever they can to protect themselves, notes Aakar Patel.
India will need to watch carefully and understand the new round of instability and uncertainty in Pakistan, while charting the course of its future diplomatic initiatives, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy and suggest policy prescriptions, quite often misses on the GDP forecast, sometimes by a significant margin. This time, Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President's address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2022, on Tuesday.
Veteran Communist leader and former Chief Minister of Kerala, V S Achuthanandan turned 98 on Wednesday.
'... as has been happening in the last three weeks, then the foreign exchange reserves will not be comfortable to ensure that the rupee does not fall drastically.'
Indicating that India was in "safe hands" with the BJP, he said "You can protect the country if you accept the BJP's ideology."
With inflation remaining at elevated levels, central banks around the world, including the Reserve Bank of India (RBI), will kill excess demand in economy over the next six to eight months, sources in the know said. They also indicated that there could be a rate hike in June, when the inflation forecast for the current financial year would be raised. The RBI, the sources said, might announce more steps such as raising the limit on held-to-maturity (HTM) bonds to support government borrowings but might not come out with any further quantitative easing GSAP (Government Securities Acquisition Programme) measures.
Fifty years ago today, December 25, 1972, Chakravarti Rajagopalachari, one of the titans of India's freedom struggle, passed into the ages. Kalki Krishnamurthy, who penned the Tamil classic Ponniyin Selvan among numerous other novels, describes his first glimpse of the man who would become an august national leader and his cherished role model.
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