The Allahabad high court on Friday did not give any immediate relief to the Gyanvapi Masjid committee which had challenged the order of the Varanasi court allowing Hindu prayers in a cellar of the mosque.
A new committee chaired by former Chief Economic Advisor Shankar Acharya will examine the feasibility of having a 'new financial year' to coincide with the calendar year.
The substantially increased economic dualism may exert lasting negative influences which could include a reduced potential for economic growth; the persistence of a very weak employment and poverty situation; rising social and political discord; and heightened vulnerability to geopolitical challenges, cautions Shankar Acharya, former chief economic adviser to the Government of India.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.
The outfit suggested that the government amend the Information Technology Act to classify all such content as pornography, which people should only be able to access by punching in their Aadhaar details or their fingerprints. Archis Mohan reports
My candidate for the best general of the last century hailed from a little, poor colonised Asian nation whose impact on world affairs rarely amounted to much, notes Shankar Acharya.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
The 'Pran Pratishtha' of the idol of Ram Lalla -- the childhood form of Lord Ram -- will be attended by people from all walks of life, including representatives of major spiritual and religious sects of the country and of various tribal communities and prominent personalities.
India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
We will find it difficult to exceed an average of 5 per cent growth in the medium term, warns Shankar Acharya, the former chief economic adviser.
Patel will be administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function to be held at the Helipad Ground near the new Secretariat in Gandhinagar at 2 pm.
The budget-making exercise offers golden opportunities despite challenges, observes Shankar Acharya, former chief economic adviser to the Government of India.
A panel will examine the merits and demerits of various dates for the commencement of the financial year.
'The rise in unemployment, underemployment, discouraged workers and job insecurity is likely to continue, with very adverse consequences for the nation's economic well-being and social cohesion,' warns Shankar Acharya.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
'China need not worry about a truly 'resurgent India'.' 'It's not going to happen.'
When stars travel, they make lovely pictures on social media.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
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Delhiites woke up to thunderstorm and rains on Monday morning that brought a much-needed respite from the sweltering heat.
Patel's name was declared as the leader of the legislative party unanimously at the meeting held at the party's state headquarters 'Kamalam'.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
Also, with Sonia Gandhi, Rahul Gandhi and Priyanka Gandhi Vadra not in the running for the party president's post, a non-Gandhi would be at the helm after over 24 years following the polling on Monday and counting on Wednesday.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
The challenge ahead for central and state governments remains enormous.
Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon, T N Ninan points out.
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
The prospects for strong, sustained economic reforms do not appear to be promising in India.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
'The Opposition thinks since the ruling party is following Savarkar's Hindutva philosophy, they want to regain their lost political mileage (by attacking Savarkar).' 'By doing so, they think they will get their power back.'
'On the tax front, most of the Budget proposals are sensible'.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
Experts say the party is undoing what it achieved through MNREGA by targeting beneficiaries
Stability in currency markets was only restored from September.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
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