Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring. Moody's, which has a 'Baa3' rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile. The US-based rating agency had in February forecast a 13.7 per cent economic growth for the current fiscal (April 2021-March 2022).
'Working with Poonam Dhillon and Padmini Kolhapure again has been a dil bekaraar moment.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Sebi on Monday barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to the six debt schemes, Sebi said in its 100-page order. In a separate order, the regulator has barred Vivek Kudva, former head of Asia Pacific (APAC) for Franklin Templeton, and his wife Roopa from the securities market for one year for redeeming units of Franklin Templeton MF schemes while in possession of non-public information.
In October 2018, the Congress leader had stoked a controversy by invoking a news article where an unnamed Rashtriya Swayamsevak Sangh leader had compared Prime Minister Narendra Modi to a "scorpion sitting on a Shivling".
TRAI on Wednesday asked service providers to ensure international mobile roaming (IMR) service is kept 'inactive' by default for all subscribers, and is activated only on explicit request by consumer, as the regulator revamped the framework to protect users from unintentional usage and consequent 'bill shocks'.
The comfort quotient of the Plush New XUV5OO has really skyrocketed, while its driving dynamics remain top-notch, says P Tharyan.
Experts believe that under-reporting is likely to cause an underestimation of the spread of the disease.
Taking a dig at China, Defence Minister Rajnath Singh on Sunday said 'some irresponsible nations' with their narrow partisan interests and hegemonic tendencies are coming up with wrong definitions of the UN Convention on the Law of the Sea.
Amy Jain, jewellery designer launched BaubleBar .
"It is quite obvious to everyone that the situation in India is extremely serious," Dr Fauci, who is considered one of the world's top infectious disease specialists, told PTI in an interview.
The legendary Sachin Tendulkar says the current England team is in complete awe of India's world-class seam attack with only its skipper Joe Root looking capable of getting a big hundred.
There are times in each nation's life when the gods shower their blessings on it. The right leaders are in place and they make the right decisions. Everything seems to click and good luck favours its people. Such times came to this country 50 years ago, recalls Admiral J G Nadkarni (retd).
India, Australia, Japan and the US on Friday pledged to work together for ensuring peace and prosperity of the Indo-Pacific and the world, as top leaders of the Quad grouping announced a slew of new initiatives to take on common challenges, amidst muscle flexing by an assertive China in the strategic region.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.
'After the Congress's 2014 Lok Sabha debacle, commentators identified three major shortcomings: Leadership, organisation, and ideology.' 'Here we are six years later -- and what are the Congress's major failings? Leadership, organisation, and ideology.' 'The party seems to have learned very little during its six years in the Opposition wilderness.'
Smoothly juggling Sandhya's curiosity and closure until her moment of awakening, Sanya Malhotra is emerging into one of the finest actresses of this generation, observes Sukanya Verma.
'We are not yet out of the woods.' 'If India sees the South African or Brazilian type of mutations, our numbers will rapidly rise.'
The seat-share progression should worry the BJP. From the previous assembly polls of 2017, through the assembly segments in its favour in the 2019 Lok Sabha polls and now in 2022, the BJP's seat-share has come down from a high 312 to 275 to 255. N Sathiya Moorthy reads the political tea leaves after the UP and Punjab election verdicts.
Sushant Singh Rajput came, sparkled and left for a world that will hopefully understand and treat him better, hopes Sukanya Verma.
The earliest ones included whistles shaped like birds, toy monkeys that could slide down a string and small carts made from materials found in nature such as sticks, clay and rocks. While there might be no disputing India's rich toy-making tradition, the industry is languishing for lack of investment and technology, and also owing to competition from cheap imports. And though it has been listed among 24 key sectors under the government's Atmanirbhar Bharat Abhiyaan, the question remains: will this push help place it in the global game? Currently, 80-odd per cent of the toys sold in India are imported - nearly 60 per cent of them from China.
What we have in the Congress is a useful glue to hold a non-cultural, unified Opposition together. That is the sacrifice the Congress must be willing to live with if showing the BJP the door is what the collective Opposition wants, observes Shyam G Menon.
Google on Wednesday launched its global 'Be Internet Awesome' programme for children in India in partnership with Indian comic book publisher Amar Chitra Katha to interweave critical internet safety lessons across eight Indian languages. The tech giant has also launched an enhanced Google Safety Centre in eight Indic languages as part of its efforts to step up safety of users on the internet. Google has significantly increased its resources dedicated to India's Trust Safety teams, including product policy analysts, security specialists, and user trust experts that support over 10 vernacular Indian languages, enabling its central teams to benefit from the local nuance and inputs.
Director of the US National Institute of Allergy and Infectious Diseases, Dr Fauci said that India made the "incorrect assumption" that they were finished with COVID-19.
The Sena also said this issue has now become a "matter of prestige" for the party-led government, a day after Sharad Pawar-led Nationalist Congress Party ruled out resignation of Deshmukh.
The Tamil Nadu chief minister may have opened a Pandora's Box on the religion front with the appointment of qualified non-Brahmin temple priests, observes N Sathiya Moorthy.
"The 21st century peacekeeping must be anchored in a strong ecosystem of technology and innovation that can facilitate UN peacekeeping operations in implementing their mandates in complex environments," India's external affairs minister S Jaishankar said
So do they actually disappear or what? Let's find out!
'Our love for our great nation -- Bharat is second to none and our patriotism towards our motherland -- India is for the entire nation to emulate.'
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.
Britain and China have clashed over the offer of British National Overseas passports to Hong Kong residents, observes Rup Narayan Das.
The 70 launches were made in the first half of the financial year alone and were mostly focused on hygiene, health & wellness, naturals and convenience, which were in high demand as Covid -19 raged across the world.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The Reproduction number or Rt refers to how many people an infected person infects on average. In other words, it can tell how efficiently a virus is spreading.
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