Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. Delivering the annual KP Hormis (Federal Bank founder) commemorative lecture in Kochi this evening, the governor was quick to acknowledge and assure that the domestic financial sector is stable and the worst of inflation is behind us. Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact on the external debt servicing ability of nations, Das said, "We have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us."
A fracture of interstate relations could be India's biggest risk coming out of the pandemic. This topped a list of critical risks for India over the next two years, according to Geneva-based World Economic Forum's Executive Opinion Survey (EOS), whose results were released on Tuesday. Other top risks include a debt crisis in large economies, widespread youth disillusionment, failure of technology governance and digital inequality.
Prime Minister Narendra Modi said on Friday that the combination of technology and talent will be a guarantee for a bright future for the world.
In the last three years, 20 gardens have changed hands, and 90 per cent of the buyers are from non-tea background.
Crime, climate change and cool Oscar winners dominate the OTT menu this week.
For India, it is a symbol of will and a successful feat of arms.
India has so many relationships, such an ability to communicate and find touch points with different countries and regions.
According to the external affairs ministry, the prime minister will first visit Hiroshima in Japan from May 19 to 21 to participate in the annual summit of the G7 advanced economies under the Japanese Presidency.
The lobby objected to the Indian mining giant's $16.5 bn Carmichael project.
This could become tricky territory for India, given its basically adversarial relationship with China, its moves to block imports and investment from that country, and to deny market access for Chinese technologies, observes T N Ninan.
Kareena in a Kalimpong murder mystery, Priyanka in a Hollywood rom-com, a South Korean style western and lots, lots more on OTT this week.
G20 is an ideal platform to discuss and find solutions to "most pressing" problems such as global warming and climate change which affect the poor most, President Droupadi Murmu said in her maiden address to the nation on the eve of Republic Day.
At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.
The BJP is the preferred choice because it offers what the Mughals and later British offered in their time: A stable polity and an environment in which business could function, explains T N Ninan.
Youngsters must remember education is their BIGGEST investment EVER: Their lifelong income-earning provider! asserts CA P V Subramanyam.
The country's largest software company Tata Consultancy Services (TCS) on Wednesday said its net profit increased 8.7 per cent year-on-year to Rs 11,342 crore in the September 2023 quarter. The Tata Group flagship had reported a net profit of Rs 10,431 crore in the year-ago period.
The US President also underlined that both countries "will advance sustainable and inclusive growth while tackling shared challenges like the climate, energy, and food crises."
RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy. Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, Das said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession,"yet uncertainties lie ahead of us." "Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as threat to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains.
Ratan Tata-promoted Electrodrive Powertrain Solutions or Electra EV has raised USD 25 million in equity capital from GEF Capital for a minority stake. The Tata Group patriarch set up Electra EV in 2017 and the company designs, manufactures and supplies EV powertrains systems across passenger and commercial vehicle segments. It also has products for the agriculture and off-highway segments.
Cairn joins a slew of multinational firms including Vodafone Group Plc and Royal Dutch Shell Plc that have been slapped with retrospective tax demands by Indian authorities.
For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
Prime Minister Narendra Modi held talks with US President Joe Biden at the White House on Thursday to discuss a wide range of issues of mutual and global interests, aimed at further boosting the Indo-US strategic relations in areas like defence, space, clean energy and critical technologies.
A day ahead of the G20 Summit, it was not very clear whether a consensus on the text to describe the Ukraine crisis in the joint leaders' declaration was achieved with China appearing to emerge as the main stumbling block to bridge the differences on the contentious issue.
The international community counts a lot on India's leadership of the G-20 at a time when the world is faced with the continued economic slowdown and social distress, the chief of the International Monetary Fund Kristalina Georgieva has said. "India, which is the president of G-20 countries, remains among the countries that perform better than the global average and by a good percentage," IMF managing director Kristalina Georgieva told reporters during a media roundtable on Thursday. India formally assumed the G20 (Group of 20) Presidency on December 1.
There's a lot of entertainment coming up for you on OTT in the month of August.
If the pitch gets hampered then the match officials will assess the pitch and see whether it is in good condition to play or not if yes they will continue playing on the same and if not then they will look at the other pitch condition and take a call on whether they can play on the other one or not, according to ANI.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
'If you look at the entire 60-day period of March and April, you see that temperatures were soaring more than 3.5 degrees Celsius above the maximum temperature.' 'Normally, events like this happen only for a short period.'
As India's stock rises, the resolution of the border row may become even more difficult, warn Harsh V Pant and Kalpit Mankikar.
'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'
Prime Minister Narendra Modi on Sunday made a fresh push for reforms in global institutions, including the United Nations, asserting that the world's 'new realities' should be reflected in 'new global structure' as it is nature's law that those who don't change with times lose their relevance.
Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.
Prime Minister Narendra Modi on Saturday announced the adoption of the New Delhi Leaders Declaration, a significant victory for India's G20 presidency that came amid increasing tensions and divergent views over the Ukraine conflict.
British Indian think tank 1928 Institute organised a special roundtable entitled 'India and the Indo-Pacific' bringing together the High Commissioners of India, Bangladesh, Australia, Canada, Nepal, among others, ahead of the reception in the River Room of the House of Lords on Monday evening.
Prime Minister Narendra Modi on Friday embarked on a tour of Japan, Papua New Guinea and Australia to attend three key multilateral summits including that of the G7 grouping and Quad.
La Nina, construction worsen air quality; spike in respiratory ailments.
The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.
Prime Minister Narendra Modi on Friday expressed hope that G20 will draw inspiration from the vibrancy of the Indian economy and work towards bringing back stability, confidence and growth on the global landscape.
"Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration," Modi said while addressing the second session of the Summit at the Bharat Mandapam in New Delhi.
