A scrutiny of the PM's statements in the last 12 weeks lays bare a stunning lack of homework for a policy that has affected each of the 1.25 billion people of India.
Modi also thanked the media for understanding the gravity of the pandemic threat and appreciated the role played by the news channels in spreading awareness.
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
According to reports, Vodafone NZ had offered all its employees, other than call centre and retail staffers, voluntary severance package
Stock markets squandered early gains but managed to end in the green on Friday, propped up by heavyweight Reliance Industries which announced another stake sale deal for its digital platform. A strengthening rupee and firm global cues also supported the domestic bourses, traders said.
Finance Minister Arun Jaitley should not drop the ball on continuing the battle against black money and move towards digital transactions to reduce the preponderance of cash in the economy, says A K Bhattacharya.
The markets are in bubble territory.
Nasscom said growth for the current financial year (2016-17) was expected to be 8.6%
Car sales likely to touch record 3-mn mark by the end of March.
Enterprise data management will be a USD 105 bn business by 2020.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
Investors will look at how TCS has performed when it announces the quarter's results on October 13, and the forecast from Infosys on October 14
The revenue also rose 14.2 per cent to Rs 29,305 crore (Rs 293.05 billion).
Growth acceleration will be gradual and it is still early days for a sharp recovery, says Gautam Chhaochharia, executive director and head of India research, UBS.
Growth has been slowing year-on-year for the IT sector but investors have continued to bet on it.
Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
'One can start accumulating economy driven stocks in the next few months with a two-three year view.'
Fast growing virtual online currencies and digital work worth $ 3 billion is providing real income opportunities to people in developing countries with more than 100,000 people in countries like China and India earning a living through online games and websites disseminating micro-tasks, a World Bank study says.
Any forced attempt to achieve anything, however lofty the goal, will result in distortions and undesired outcomes, say Anshuman Gupta and Karunakar Jha.
'India needs to adopt a more proactive policy of triggering exports to China.'
After 2 years of lull, sale of winter products like heaters and woollens grow in double-digit
Stronger rupee likely to take a toll; Infosys results on April 13 to be keenly watched
Exposure to debt funds and gold is essential even if current returns from these asset classes are low, suggests Sanjay Kumar Singh.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim.
A bench comprising Chief Justice T S Thakur and Justice D Y Chandrachud said, "We will examine both aspects (inconvenience and constitutional validity) of the matter. Come on Friday at 2 pm".
Special infection proof fabric for usage in hospitals, low-cost corona virus testing kits, isolation pods for coronavirus infected patients, bubble helmets which can be an alternative for traditional oxygen masks and pendant to raise alarm on breach of social distancing, are also among the innovative ideas that have been given shape since the coronavirus outbreak in the country.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
Demonetisation and GST are the main reasons for the job losses.
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
Tele/video-consults have been effective for patients requiring post-hospitalisation follow-up, especially if they are from outside the city; patients with chronic diseases that need periodic monitoring; and pregnant women who require routine checkup with minimum exposure.
The government is also considering mandating payments beyond a prescribed threshold only in card/digital mode.
A Nielsen report found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai.
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