President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
Small stocks made a dashing comeback in 2020 after delivering negative returns in the last two years as increased retail investor participation in pandemic times saw small-cap index surging up to 31 per cent and outperforming the bigger benchmark gauge. This year turned out to be eventful for the equity market, witnessing bearish and bullish sentiments at different points of time. While the initial part of COVID-ravaged 2020 saw the bears in full force amid concerns related to the pandemic and lockdowns hurting economic activities, bulls made a comeback towards the latter half of the year. As the market swayed with many lows as well as highs, small and mid-cap indices emerged as markets favourites in 2020.
Like ants declining to question the rules of the anthill, they feel innately justified in their approach, notes Shyam G Menon.
'If you want to live a happy life, you have to help the downtrodden. You have to understand that you have been given a position which is a confluence of your own capability and the grace of God. You must use that position to exemplify to others what has to be followed.'
There are concerns in the industry around budget cuts by clients and layoffs, as enterprises grapple with reduced earnings amid lockdowns across various parts of the globe.
'It is never a good idea to let the broad population determine policy that is the domain of experts and specialists,' notes Aakar Patel.
NCAER has warned that India's exports might miss the target of 12 per cent growth this fiscal due to the appreciating rupee.
Monetary policy easing, coupled with the relaxation of lending rules and greater election-driven fiscal spending in the first quarter of 2019, will provide some support to growth during the first half of 2019-20 fiscal
Unless there is a sharp uptick in oil prices, Fed may push back rate hike
Perhaps half-way through India's demographic transition, what is the outlook for the future?
This means lower losses on fuel sales by Indian oil companies and a shrinking oil subsidy bill for the government.
IHS said low regulated gas prices have precipitated a supply shortfall in India, but proposed that reforms to the pricing formula could yield higher domestic production and boost India's economy.
Its time the RBI, govt pushes reforms to boost global investment
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
There's lot more to be done for the masses, says Modi.
'What we see today is bargaining.' 'The man's family sets a price for him and then they start bargaining.' 'He is sold to the family that offers the highest price.' 'In this market, a woman is just a commodity to be sold because if she remained at home, it is a humiliation for the family.'
Kataria, 49, an IIT-XLRI alumnus, was quick to implement a number of initiatives during the Covid-19 crisis including launching D2C initiatives such as mobile stores, WhatsApp messaging, video calling and home deliveries. Kataria was also swift to recognise that stay-at-home consumers were keen to buy informal rather than formal footwear, launching new collections quickly to take advantage of this trend, says Viveat Susan Pinto.
Capa lauded govt's efforts in rescuing SpiceJet.
China is estimated to grow at 6.7 per cent in 2016.
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The RBI said lead indicators point to continuing sluggishness in domestic economic activity in the first quarter of 2014-15.
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Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.
The number of Indian passengers has jumped more than 20 per cent in the past year
Some type of global shock adds to the allure of the dollar.
'His contributions in setting up transparent precedents of governance are still basically intact despite the cynicism of several of his successors,' notes Jamini Bhagwati.
India must break out of this strategic triangulation between China and Pakistan. We need to settle our issues with one of the two, notes Shekhar Gupta.
'There are a lot of positive things these reforms are bringing about and it is only a matter of some quarters before the growth rate picks up momentum.' 'Until then we need to be a little bit patient.'
If there is turmoil in currencies, gold can shoot up sharply, says author of Arora Report.
RBI lowered economic growth for the current fiscal to 6.9 per cent from the previously projected 7.1 per cent, but saw it bouncing back in a big way to 7.4 per cent in 2017-18.
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
To a lay observer, therefore, India today presents two conflicting realities.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
We are spectators who have no voice and no power to influence the giant changes being imposed on all of us, says Aakar Patel.
'The disruptions caused by demonetisation and GST will be behind us in another six months.' 'That should give growth a bounce; some coming quarters could well report 7-plus per cent growth.' 'But can that rebound be sustained, or will it be like the bounce of a dead cat?' asks T N Ninan.
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
'People may think that because my father was in the film world and politics, things are easy for me.' 'It is not easy at all.'
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
Maruti Suzuki fell 0.7% even after its March quarter profit grew by 15.8% to Rs 1,709 crore in Q4
Gold prices in the country may even dip to Rs 20,500 per ten grams.
