More than half of the respondents (53 per cent) of a survey commissioned by London-based independent think-tank Legatum Institute said India is likely to be the world's most important economic power by 2030.
Delhi Chief Minister Rekha Gupta announced plans to relocate Tihar Jail to the city's outskirts, allocating Rs 10 crore in the 2025-26 budget for survey and consultancy services related to the move. The decision comes amid severe overcrowding at the prison complex, which currently houses over 19,000 inmates despite being designed for approximately 10,025. The Delhi government has also initiated the development of new prison complexes in Narela to alleviate congestion. While a short-term proposal for retrofitting and vertical extension of the jail has been made, the chief minister did not disclose any date for the shifting plans. Additionally, the government will prioritize procurement of products manufactured by inmates in Tihar, Rohini, and Mandoli jails, aiming to boost their earnings and provide them with better opportunities for rehabilitation.
India is not "rethinking" supporting investments from China, said Commerce and Industry Minister Piyush Goyal on Tuesday, referring to a proposal made in the Economic Survey 2024. The survey by India's chief economic advisor last week said India had two "choices" to benefit from the so-called China plus one strategy, either by integrating into that country's supply chain or by promoting foreign direct investment (FDI). "Chief economic advisor's report speaks about new ideas and gives out their own thinking. It is not at all binding on the government and there is no rethinking to support Chinese investments in the country," Goyal told reporters in Delhi.
'If you really love your work and are good at it, it does not matter what is work and life.'
People in Delhi, Haryana, Gujarat, West Bengal, Kerala, Goa and Odisha reported low instances of corruption, while Rajasthan, Bihar, Uttar Pradesh, Telangana, Karnataka, Tamil Nadu, Jharkhand and Punjab had higher occurrences of corruption.
The Indian rupee may remain under depreciation pressure on account of plateauing of exports and subsequent widening of the current account deficit, said the Economic Survey 2022-23 tabled in Parliament on Tuesday. It said the "risks to the current account balance stem from multiple sources". The country's current account deficit (CAD) widened to 4.4 per cent of the GDP in the quarter ended September from 2.2 per cent in April-June due to higher trade gap, as per latest data of the Reserve Bank of India.
'In India, managers and the leadership almost glorify overworking.'
The Supreme Court of India has transferred a Public Interest Litigation (PIL) concerning the safety and longevity of bridges in Bihar to the Patna High Court. The court expressed concern over the state government's handling of bridge collapses, noting that officials were suspended after incidents but reinstated after the public outcry subsided. The court also criticized the state's voluminous response to the PIL, which lacked explanations for the collapses. The Patna High Court will now monitor the state's efforts to ensure structural and safety audits of bridges in Bihar.
DMK MP Dayanidhi Maran objected to the provision of simultaneous interpretation of Lok Sabha proceedings in Sanskrit, calling it a waste of taxpayers' money fueled by RSS ideology. Speaker Om Birla defended the decision, asserting that Sanskrit is India's primary language and that simultaneous interpretation is available in 22 recognized languages, including Hindi and Sanskrit.
Amid a debate on the basis of a monetary policy stance, one may be curious enough to know how non-food retail inflation has behaved over the years in India. Let the eager souls catch a glimpse of facts. In the past 10 years, non-food inflation came down below 4 per cent on two occasions - pre-Covid period of 2019-20 and now in the first four months of the current financial year (FY25).
The Uttar Pradesh government has informed the Supreme Court that the disputed "private well" near the Mughal-era Jama Masjid mosque in Sambhal was situated on public land. The state government said the petitioner failed to disclose there was a well within the boundary walls of the mosque known locally as "yagna koop". The committee, in a spot inspection, found that the well was situated outside the mosque boundary wall, the report said. The report said the state was committed to ensuring peace and harmony in the region and any restraint on the use of such public wells by the community at large may not help in achieving that goal.
State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).
After declining to a three-year low in FY24, the private sector investment is expected to fall further in the current financial year, India Ratings said in a research note.. The investments in the private sector are likely to plummet to below 11 per cent of the GDP in FY25, based on the trends from the latest national accounts data and company fillings, it noted.
India's manufacturing sector growth fell to an eight-month low in September amid softer increase in factory production, sales and new export orders, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in August to 56.5 in September, registering the weakest pace of growth since January.
The earthquake rocked many parts of Thailand including its capital Bangkok, the venue for next week's summit of BIMSTEC regional grouping that is scheduled to be attended by Modi among other leaders.
The Supreme Court on Thursday declined to overturn the Patna high court's interim order suspending the Bihar government's caste survey.
Seven FIRs have been lodged in connection with the violence over a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused. Three people were killed and scores of others injured on Sunday as protesters opposing the survey of the Shahi Jama Masjid clashed with police. The district administration has imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
The cultural richness that began from a narrow bank of the Yamuna has continued for over 7 centuries. And you literally go underground for as little at Rs 50 to see it!
India no longer needs big ticket reforms but small and basic ones to drive the growth forward, Chief Economic Advisor V Anantha Nageswaran said on Monday. Addressing the media after the Economic Survey 2023-24 presented in Parliament, Nageswaran said there is a need to pursue all possible approaches without any ideological orientation. "In terms of the kind of reforms that we need to do, it is no longer big-ticket reforms that dominate your front pages but more about grunt works.
From the Sensex pack, Reliance Industries, Bajaj Finserv, HDFC Bank, Adani Ports, Maruti Suzuki India, Axis Bank, Hindustan Unilever, Sun Pharmaceuticals and Asian Paints were among the laggards. Reliance Industries fell the most by 2.38 per cent to close at Rs 1,171.10 apiece.
The dastardly dimensions of the attack are gradually sinking in even as the Government of India announced its immediate diplomatic and other retaliatory measures. It is generally expected to be followed up with punitive military action across the LoC, sooner than later, observes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
Mishra said that the court has fixed July 7 for the next hearing.
In what could come as a piece of good news, hunger in India - as measured by the Prevalence of Undernourishment (PoU) by the United Nation's Food and Agriculture Organisation (FAO) - has come down from 16.6 per cent of the population in the 2020-2022 to 13.7 per cent in 2021-23, the latest report on the State of Food Security and Nutrition in the World (SOFI 2024) showed. This means that around 39.3 million people have come out of undernourishment between the two periods, NITI Aayog member Ramesh Chand said on Tuesday.
'The earlier a child is given a smartphone, the worst it becomes when they are 17, 18.' 'Every year you delay in giving a smartphone to child, the outcome becomes better.' 'The behavioural changes that are very specific to smartphones are aggression and anger.'
'Not sorry to any politician. Ever. No one. Any party. FIR kar lo (register an FIR). Case kar lo (register a case). Koi farak nahi padta (it doesn't make any difference) - I am not a pushover - won't be bullied. Don't make an issue where there is none. It might be an election year - but people are smart. Indori people - super smart. I'll come to Indore when I wish, as many times I wish - and am confident of Indori mehmaan nawazi (good hospitality)'
Uttar Pradesh Chief Minister Yogi Adityanath has said that forcibly seizing someone's faith and trampling over their beliefs is "unacceptable," especially "when we know the truth about Sambhal" which predates Islam, with the Vishnu temple there being destroyed in 1526. He said that Sambhal has been mentioned in scriptures that are 5,000 years old, which contain references to Lord Vishnu's future incarnation. He also mentioned that a temple of Lord Vishnu in Sambhal was demolished in 1526, and two years later, in 1528, the Ram temple in Ayodhya was destroyed, both acts carried out by the same person.
'One of the big findings is that younger men seem to have shifted towards the Republican Party.' 'In 2020, about 23% of younger men said they would vote Trump.' 'Now that number is 48%.' 'It is like a 25 point shift, and you don't actually see shifts that big in surveys.'
Titan, Nestle, Hindustan Unilever, State Bank of India, Larsen & Toubro, ITC, Zomato and Bajaj Finserv were also among the laggards. Adani Ports, IndusInd Bank, Tata Motors and HDFC Bank were among the major gainers.
There is a "misperception" among the administration around deregulation, wherein digitisation is confused with deregulation, Chief Economic Advisor V Anantha Nageswaran said on Tuesday. Speaking at an event organised by alternative investment industry's lobby grouping IVCA in Mumbai, Nageswaran stressed that what is essential is to do away with needless regulations, whether they are to be complied with online or offline.
Recent documents by NITI Aayog and periodic labour force surveys on employment show that the importance of agriculture is rising in the Indian economy.
With the Uttar Pradesh government set to conduct a survey of private madrassas, proprietors of the theological schools fear that their institutions may be declared illegal and 'run over by bulldozers'.
Actor Prajakta Mali's scheduled dance performance at the Trimbakeshwar temple in Maharashtra on Mahashivratri has been met with opposition from several quarters, including the Archaeological Survey of India (ASI). The ASI has asked the temple authorities not to organize a cultural event at the protected monument, citing a violation of the Ancient Monuments and Archaeological Sites and Remains (AMASR) Act, 1958 and its Rules, 1959. Former trustees of the temple have also expressed concerns about the event, citing the potential for large crowds and law and order issues. The temple authorities, however, have defended their decision, stating that the performance was agreed upon unanimously and that any objections should be made in writing.
Indian tech sector's revenues are set to grow 5.1 per cent to $282.6 billion in FY25, and likely to climb up further to $300 billion in FY26, lobby grouping Nasscom said on Monday. The revenue growth is on the "right trajectory", the body's president Rajesh Nambiar told reporters here, pointing out to revenue growth of 4 per cent in FY24, 5.1 per cent in FY25 and the over 6.1 per cent needed to cross its expectation of crossing $300 billion in FY26.
Hearing a bunch of petitions, a division bench of Chief Justice K Vinod Chandran and Justice Madhuresh Prasad directed the government to immediately stop the caste-based survey, and ensure that the data already collected are secured and not shared with anybody till final orders are passed.
From the 30-share blue-chip pack, ITC Hotels, IndusInd Bank, Mahindra & Mahindra, Sun Pharma, UltraTech Cement and NTPC were among the biggest gainers. Titan, Kotak Mahindra Bank, Nestle, Asian Paints, HCL Tech and ICICI Bank were among the laggards.
'The irony of this country is that the party in Opposition and the party in power both depend on Muslims.'
As per the survey, 7 per cent of employers anticipate an increase in payrolls, 3 per cent forecast a decrease and 54 per cent expect no change.
'We are getting to understand the mind of this generation.' 'Minor tweaks are being made to ease the process as we go along.'
The Reserve Bank of India (RBI) has projected retail inflation at 4.2 percent for the next financial year beginning April while retaining the forecast for 2024-25 at 4.8 percent. The central bank attributed the expected easing of inflation to good kharif production, winter-easing in vegetable prices and favorable rabi crop prospects. However, the RBI also noted that continued uncertainty in global financial markets coupled with volatility in energy prices and adverse weather events presents upside risks to the inflation trajectory.
In India, 11.9 lakh excess deaths occurred in 2020 during the COVID-19 pandemic, 17 per cent higher compared to 2019, an international study has found.
