A British brokerage on Tuesday cut India's FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the second wave of infections has been deeper than initially expected. Barclays chief India economist Rahul Bajoria also mentioned the slow pace of vaccinations in the country and the rolling lockdowns across many states for the estimate. It can be noted that last month has seen a slew of similar forecasts from analysts, even as the RBI maintained its estimate of a 10.5 per cent growth in real GDP.
After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the government tide over the revenue losses from lockdowns and extend more support to the pandemic hit industries and to the poor people. In fiscal 2020, the RBI had paid only Rs 57,128 crore in dividend to the government and the finance minister had budgeted only Rs 45,000 crore from the central bank. The higher payout followed the Bimal Jalan panel report that had set a new economic framework capital buffer for the central bank along with the contingency risk buffer at 5.5 per cent.
A summary of Day 2 action in the Ranji Trophy matches, played at various venues across the country.
The BJP may be ready and waiting to pounce on another key state of the Hindi heartland, but it is the Congress's holy trinity that issued them an invitation to the beheading, notes Sunil Sethi.
Despite Gaikward's brilliance, Maharashtra could not qualify for the knockout stages of the competition.
A round-up of Ranji Trophy matches played across India on Sunday
Khalid Jamil also created history by becoming the first Indian to coach three or more league games and guide a side to the playoffs.
The body of Debendra Nath Ray, in his 60s, was found hanging from the ceiling of a verandah outside a shuttered shop near his home in Bindal village in Hemtabad area of the district, police said. Ray had won the Hemtabad (reserved) seat on a Communist Party of India-Marxist ticket in 2016 but later joined the BJP. He had, however, not quit his assembly seat.
Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital markets regulator Sebi claimed that recent press releases by Kirloskar Oil Engines Ltd (KOEL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd (KPCL) and Kirloskar Ferrous Industries Ltd (KFIL) "have sought to usurp the legacy" of KBL. Also, they attempted to pass off the legacy and track record of KBL as that of their own, the letter said.
If it splits now, who takes what away and leaves what behind? asks Shekhar Gupta.
India added three unicorns per month in 2021 to nearly double the overall number to about 85 at last count. And there are many gazelles and cheetahs in the pipeline. All gunning to be unicorns (and then decacorns) soon thereafter, notes Sandeep Goyal.
HNI investors need an optimal mix of oversubscription and listing-day gain to make money on leveraged bets, notes Sanjay Kumar Singh.
A roundup of Day 2 of the Ranji Trophy matches on Friday.
Summary of all Ranji Trophy matches played on Saturday
Indian women's cricket's biggest icon spoke on a range of issues covering her legacy, experiences of playing in pre and post BCCI era
Some years ago, Rakesh Gangwal reportedly said his relationship with Rahul Bhatia evolved in an amazing friendship, which he termed 'blind trust'. The question is whether that is under scrutiny now.
The BJP can't be sure if it should celebrate that the old rival is fading or worry that new ones are rising. Because the last thing the BJP wants to see is alternatives rising, if only to the Congress, observes Shekhar Gupta.
When almost the entire political class was engrossed in the Bihar polls, the Congress shahzada was holidaying in a hill station. As the Bihar contest and other by-elections have shown, a large number of states have become Congress-mukt, fulfilling the Hindutva brigade's dream, notes Amulya Ganguli.
The saffron party, which had witnessed unprecedented growth in terms of vote share and mass base over the last few years, had opened its doors wide for leaders from other parties as part of its poll strategy, but that did not go down well with many senior leaders, who had once locked horns with the newbies from rival camps, sources in the BJP said.
The idea behind starting Chingari is not to build a TikTok clone but to position itself as a super app for India like WeChat.
Congress members don't want Rahul Gandhi back as party chief. But the problem is that Sonia Gandhi won't have anyone other than her son to take over the Family Firm, notes Virendra Kapoor.
India's batting great Rahul Dravid will need to apply for the post of head coach at the National Cricket Academy after the BCCI on Saturday decided to invite fresh applications.
BJP state president Dilip Ghosh said efforts will be made to pacify the dissidents.
'The Maharashtrian Congressmen's decision to break away from their reluctant leaders in Delhi to side with the Shiv Sena is seemingly the first sign that the 'high command' is not as powerful as is believed,' says Amulya Ganguli.
'Whatever the BJP tries to do, they will not be able to make a big mark in Kerala.'
'Behind the BJP's anti-Congress crusade is an attempt to divert attention from the Ladakh standoff,' explains Amulya Ganguli.
Defending champions India were today knocked out of the U-19 Asia Cup after suffering a shocking eight-wicket defeat at the hands of Bangladesh in Kuala Lumpur on Tuesday.
IndiGo will seek board approval for Dutta's appointment soon. Till then, promoter Rahul Bhatia will continue to act as interim CEO.
Featuring among others the stars of Newton, Victoria and Abdul and Fukrey Returns.
Love has made me a poet, Rahul thought. He could think about her all day long. Sometimes, she entertained his dreams. He did not wish to wait until after Ganesh Visarjan to see her again.
Muzammil Patel and Rahul Murthi will answer all your start-up queries.
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
BJP protest outside Mamata Banerjee's residence over attack on BJP leader Roopa Ganguly's convoy
After India banned 59 Chinese apps last month, at least three more China-based video apps - Snack Video, Likee Lite, and Zili - have now made it to the list of top 10 downloaded apps in India on Google Playstore.
'The Shaheen Bagh model of bullets and biryani won't work. The RSS looked at a template that would play to Bengali pride and harp on the state's development. Mamata's slogan to defeat the Left Front was 'Bengal awake and arise'. She promised to check the flight of capital from Bengal to far-flung states and usher in a renaissance. The RSS wants the BJP to pitch this line because it feels Mamata hasn't delivered on her promises.'
For this dispensation, ideas are dangerous. Those who propagate liberalism and democratic traditions are even more dangerous, observes Rashme Sehgal.
'The BJP may well be his ultimate destination.' 'In the process, he has probably shot himself in the foot.' 'It is unlikely that either Scindia or Pilot will be anything other than a No 3 or a No 4 in the Modi-Shah dispensation,' predicts Amulya Ganguli.
'Mamata is campaigning hard and not giving the BJP a walkover.'
A round-up of the fourth and final day's play in the Ranji Trophy matches across the country.
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