D&B sees January IIP to decline by 0.5-1.5 per cent. Last month the factory output, as measured in terms of the index of industrial production, had contracted by 0.6 per cent.
It would be a miracle if demonetisation doesn't extract a political price from the BJP and Modi, says T C A Srinivasa-Raghavan.
In Mumbai, police seized Rs 1.40 crore from three persons in new Rs 2,000 notes.
With the Rafale contract in limbo, the upgrade of IAF's Mirage 2000 and Jaguar fighters has become vitally important.
'Make in India is one of the priorities identified by Minister Sitharaman and this is our great weakness,' warns Vice Admiral Premvir Das.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
With the party leadership having entrusted a key state like Maharashtra in the hands of Gen Next, the Bharatiya Janata Party is currently busy scanning the dossiers of several Uttar Pradesh leaders so that it could zero in on a youth who could be groomed as the party's potential chief minister when the state assembly goes to polls in 2017.
India's first exclusive defence satellite GSAT-7 was successfully launched by European space consortium Arianespace's Ariane 5 rocket from Kourou spaceport in French Guiana on Friday, giving a major push to the country's maritime security.
The RBI Governor brought down retail inflation to 3.8% in July.
'The Gita was propounded on a battlefield and regards the use of force to establish Dharma or righteousness, as not only legitimate but one's highest duty,' says Colonel Anil Athale (retd).
Negotiations between the BJP and the PDP to finalise the Common Minimum Programme have intensified
Modi has the ideas for a new, hopeful India, and an idiom in which to sell optimism to voters. But he doesn't yet have the team for it, and soon enough, questions will begin to be asked by an impatient, non-ideological, I-don't-owe-anybody-anything generation of Indian voters, says Shekar Gupta.
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
How seriously should we take Natwar Singh's book? Indeed how seriously should all such memoirs and autobiographies be taken? The answer, I imagine, depends on the intent. If the authors are merely settling scores, as many think Natwar Singh is, future historians would be entitled to ignore such autobiographies. But if there is no mens rea (guilty mind), so to speak, these books must be taken seriously, says T C A Srinivasa-Raghavan.
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
The suspense over government formation in Jammu and Kashmir following the hung verdict in the assembly elections continued on Wednesday as the People's Democratic Party, the single largest party, and the Bharatiya Janata Party, the next big outfit, kept their cards close to the chest.
The failure to restructure our armed forces in line with contemporary needs 14 years after the Kargil war will impose strategic costs beyond just delays and scandals, says Nitin Pai
'We use the word "historic" perhaps too much, but the prime minister's visit certainly was historic in so many ways.'
In putting the country's economy back on the rails, it is best that Narendra Modi and Arun Jaitley draw on grass-roots feedback and their own practical sense and native wisdom without allowing themselves to be sucked into the quicksand of economic punditry, says B S Raghavan.
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