Chief Economic Advisor Krishnamurthy Subramanian said China imports a lot of components, parts, assembles and integrates and then exports them.
It is the biggest issue we have ever faced in the securities market, where a sensitive and systemically important institution and first-line regulator was not only exploited by unscrupulous elements but functioned like a private fief, points out Debashis Basu.
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.
The investment climate is going well in India and the private sector should skill their workforce in the interest of its business, Chief Economic Advisor K V Subramanian said on Thursday asserting that he does not foresee any difficulty in demand and supply of the workforce. Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy. The investment climate is going well in India. Other things will follow, though with a lag...it is for the private sector to start recognising that it is in their own business interest that they should skill their workforce. This, in turn, will raise the average level of skills in India," he said.
The dean of a state-run medical college was relieved of his post and put on waiting list as 'Maharshi Charak Shapath' instead of the Hippocratic oath was administered to new students and a departmental inquiry has been ordered, the government said on Sunday.
A one-day complete lockdown to tackle the rapidly rising COVID-19 cases was enforced across Tamil Nadu on Sunday while police, local and health authorities stepped up measures to check violations.
Tharoor's remarks came after several BJP leaders accused the Congress of 'Pakistan parasti (worship)' and Union minister Jyoritiraditya Scindia asked if this was part of the 'Haath Se Haath Jodo Abhiyan' with enemies.
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
'Given the 50 per cent or thereabouts increase in borrowing that has been announced, it is a reasonable estimate to say that at this time, an increase of 1.7-1.8 per cent on the 3.5 per cent budgeted fiscal deficit target is being anticipated,' Chief Economic Adviser Krishnamurthy Subramanian said on Friday.
Arvind Subramanian talks about US and China's power play and where India figures in these dynamics.
The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.
The target of mopping up Rs 1.75 lakh crore from divestments of some of the public sector companies, including LIC and BPCL during the current fiscal, is on track and groundwork is being prepared for the goal, Chief Economic Advisor Krishnamurthy Subramanian said on Monday. On the COVID-19 pandemic, Subramanian said the impact of the second wave is lesser than that of the first one. In an interactive session, organised by Federation of Telangana Chambers of Commerce and Industry, the CEA said robust GST collections, over Rs one lakh crore per month for eight months in a row shows that consumption is picking up indicating positive signal for growth.
Some of our leaders were busybusy over the weekend.
Ram Sethu, also known as Adam's bridge, is a chain of limestone shoals between Pamban Island, off the south-eastern coast of Tamil Nadu, and Mannar Island, off the north-western coast of Sri Lanka.
After the trio who called on Trinamool Congress supremo Mamata Banerjee on Tuesday -- retired diplomat and ex-Janata Dal-United MP Pavan Varma; retired cricketer and former BJP MP Kirti Azad; former Congressman Ashok Tanwar -- it was Dr Swamy's turn to call on Didi at her nephew Abishek Banerjee's Delhi home on Wednesday, instantly triggering speculation of his joining the TMC.
The Enforcement Directorate (ED) has asked Congress president Sonia Gandhi to depose before it on July 21 for questioning in the National Herald newspaper-linked money-laundering case, officials said on Monday.
NSE managing director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the bourse as well as in the co-location matter. "I have informed the board that I am not interested in pursuing a second term and will therefore not be applying and participating in the process that is underway. My tenure ends on July 16, 2022," Limaye said in a statement.
The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.
The apex court also issued notice on the interim relief sought in the plea for restraining the state from appointing or dismissing 'archakas' (priests) at temples and Hindu religious institutions in the state till the disposal of the petition.
The Supreme Court on Wednesday adjourned hearing on the plea of the Board of Control for Cricket in India seeking to amend its constitution with regard to the tenure of its office bearers including president Sourav Ganguly and secretary Jay Shah.
The 75-year-old Congress president, who was supposed to depose before the agency on Thursday, wrote a letter seeking more time on the grounds that the doctors had 'strictly advised her to rest at home following her hospitalisation on account of Covid and lung infection'.
Throwing his party's weight behind the Congress to ensure an Opposition win in the 2024 Lok Sabha polls, Dravida Munnetra Kazhagam president and Tamil Nadu Chief Minister M K Stalin on Wednesday said arguments by some favouring a front without the grand old party should be rejected.
Chief Economic Adviser K V Subramanian on Wednesday said India is expected to hit a growth rate of 6.5-7 per cent in 2022-23 and accelerate further to 8 per cent in the subsequent years on the back of reforms undertaken by the government. He also said the government is expected to meet the fiscal deficit target of 6.8 per cent in the current fiscal despite pressure on revenue collections.
A Delhi court on Monday sent to 14-day judicial custody the former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna in connection with the co-location scam case.
The Supreme Court on Wednesday agreed to hear on July 26 the plea of Bharatiya Janata Party leader Subramanian Swamy seeking a direction to the Centre to declare the 'Ram Setu' as a national heritage monument.
A man who had arrived from Nigeria and six of his family members who tested Covid-19 positive and their tests had 's' gene dropout were doing well and the officials of Greater Chennai Corporation were involved in monitoring the primary and secondary contacts of his family members, Tamil Nadu Minister Ma Subramanian said on Wednesday.
Indian American Raj Subramaniam would be the new chief executive officer of FedEx, according to an announcement made Monday by the US multinational courier delivery giant.
Subramanian, 33, who was on Tuesday the toast of the astronomy world, managed what ISRO and NASA couldn't through his close examination of before and after images of the scheduled landing.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
Congress president Sonia Gandhi has sought more time from the Enforcement Directorate to appear before it as she is still suffering from Covid, party sources said on Tuesday.
'This year there is a sharp spike in fever cases, and it seems to be more than the pre-COVID-19 levels.'
It is not unlikely that ahead of the Lok Sabha elections, the BJP government comes up with more imaginative schemes aimed at constituency-building. The party under Modi's leadership has a more modern thinking in such matters unlike its rivals, which are still steeped only in ideology, points out N Sathiya Moorthy.
The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
The Delhi high court on Thursday dismissed BJP leader Subramanian Swamy's plea seeking to set aside the Air India divestment process on the allegation that the methodology adopted by the government in the valuation of the national carrier was "arbitrary, illegal and against public interest". The order was passed by a bench of Chief Justice D N Patel and Justice Jyoti Singh. The court said a detailed order will be uploaded. "Dr. Subramanian Swamy, sir we are dismissing this matter...," the bench said.
Initially, she was summoned by the agency on Monday but it was deferred by a day.
According to traders, Chief Economic Adviser Subramanian's comments practically ruling out a stimulus package for the economy weighed on investor sentiment.
The high court's observation came while dismissing an appeal by Samata Party challenging a single judge's order which had rejected its plea against allotment of 'flaming torch' election symbol to the Uddhav Thackeray faction of the Shiv Sena.
Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.
The 1991 provision is an Act to prohibit conversion of any place of worship and to provide for the maintenance of the religious character of any place of worship as it existed on August 15, 1947, and for matters connected therewith or incidental thereto.
The faculty members have noted that Mehta's resignation is a "matter of great anguish".
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