Prime Minister Manmohan Singh on Monday said the impact of the global economic slowdown is not as bad on India as on other countries since the government had taken measures to stimulate the economy to ensure that high growth pattern was restored soon.
Infosys Chairman Narayan Murthy equated the present economic crisis in the US to the Great Depression. "The present crisis in the US reminds me of the 1929 depression. More signals are emanating of the 1929 depression than the 70s' one. I have a suspicion that it (the present crisis) could be a longer one," he said. A recovery from the present crisis may take longer than 18 months, he said.
'They are totally disconnected with farm activities which their families have been involved in for years.'
Disgruntled BJP leader Jahanzaib Sirwal criticizes his party for allegedly using the plight of displaced Kashmiri Pandits for political gains and calls for meaningful action to address their grievances.
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Initiating a debate on the current economic situation in the country, Ravi Shankar Prasad of Bharatiya Janata Party slammed the government over rising prices, including that of onions, saying the common man is suffering and "crony capitalism has come to rule".
China's ruling Communist Party is holding its annual leadership conclave to discuss the new five-year plan, the impact of US President Donald Trump's tariff war, and the ongoing anti-corruption crackdown in the military.
India and China will escape the downturn that other countries in the world are expected to face.
The Maratha reservation agitation, spearheaded by Manoj Jarange Patil, paralysed South Mumbai for the fourth day, with massive crowds choking traffic and hurting business.
Increase in sufferings in India has also resulted in an increase in sufferings in South Asia, the latest report from the American opinion poll agency said.
'There are active terror modules across the country who will find new ways and new targets. From intelligence agencies to an alert citizenry, we all have to play our part.'
'When you compare Bihar's poverty from its earlier times, then there is a huge difference. Things have improved a lot. And migration has played an important role in reducing poverty.'
'This escalation was definitely not part of Gen Z's plan. It seems now that these external forces were keenly observing the initial developments from the sidelines and jumped into the fray, taking advantage of the situation, finding that the time was suitable for such acts'
The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
The response by the finance ministry and the RBI to the churning in financial markets is mature.
Democratic socialist Zohran Mamdani, of Indian descent, has won the New York City mayoral election, becoming the first Muslim, first Indian-origin, first African-born, and youngest mayor in over a century. His victory is seen as a significant moment for the city and the Indian-American community.
'This will be a close election. At least now, it appears that the NDA has an edge.'
External Affairs Minister S Jaishankar criticizes Pakistan's attempts to protect a terror group at the UN Security Council, highlighting the need for urgent reforms within the global body.
The government thinks that it can buy peace with its own people, not by providing an environment for growth, but by bribing them into silence, writes M R Venkatesh.
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
The crisis may not be as visible this time, but the stakes are just as high, points out Rajeswari Sengupta.
The story of Bihar's educational reform is a lesson for all reforms done halfway.
Sri Lanka has bestowed its highest civilian award, the Mithra Vibhushana, on Prime Minister Narendra Modi in recognition of his role in strengthening ties between the two nations. The award was presented by President Anura Kumara Dissanayake at a ceremony in Colombo. PM Modi expressed gratitude, stating the award honors not just him but also the people of India. The Mithra Vibhushana, instituted in 2008, has previously been awarded to prominent figures such as former Maldivian president Maumoon Abdul Gayoom and the late Palestinian leader Yasser Arafat. India's Foreign Secretary Vikram Misri highlighted the award as a recognition of PM Modi's contribution to strengthening the India-Sri Lanka partnership, particularly during Sri Lanka's economic crisis. The award includes a citation and a silver medal adorned with Sri Lankan gems and symbolic motifs representing shared heritage and prosperity.
'You cannot 'clear' your way to peace.' 'You need intelligence, calibrated force, impartial law enforcement, political neutrality, humanitarian returns and a sustained reconciliation plan.'
The US remains the largest market for IT outsourcing, and for Indian giants TCS, Infosys and Wipro, it contributes around 40 per cent of their top line.
'The BJP only talks of Kashmiri Pandits when elections are held.'
Expecting the economy to slow down in the current fiscal amid global recession, President Pratibha Patil said the new government will focus on adversely-affected sectors like infrastructure, exports, SMEs, and housing to restore the growth momentum.
The water crisis could jeopardise more than half of the world's food production and cause an average global GDP loss of 8 per cent by 2050, with lower-income countries facing up to a 15 per cent loss, according to a new report.
The most optimistic scenario is that when it is all over and the global economy is back on even keel, the Indian leaders will be stronger than they are now by virtue of having cut costs and acquired market share in the interim. India's three big IT firms Infosys, Wipro and TCS -- have added significant new clients and announced multi-year, multi-million dollar deals.
Motilal Oswal Financial Services has posted a net profit of Rs 20.4 crore, a sharp drop of 62 per cent compared to the corresponding period of the previous year. The fall is attributed to the tough market conditions. Kochi-based Geojit Financial Services has posted profit after tax of Rs 38.63 crore after the company received Rs 40 crore as compensation from BNP Paribas for discontinuing the commodity business.
LinkedIn experts and real-life stories offer hope that Indian tech talent can still thrive globally, even as the $100,000 H1B fee reshapes onsite opportunities.
The White House trade adviser, Peter Navarro, on Sunday (local time) again added to his previous meltdown, after being corrected over spreading misinformation pertaining to India's purchase of Russian oil, by dismissing the community notes on X and accusing it of serving 'foreign interests' that meddle in domestic US economics and politics.
'There are times when India should stand up without hesitation and voice its indignation over the US' pressure tactic. This is one such moment,' asserts Ambassador M K Bhadrakumar.
The two sides are also likely to firm up a currency swap framework and seal several other agreements including one on debt restructuring following talks between Modi and Sri Lankan President Anura Kumara Disanayaka on April 5, people familiar with the matter said.
Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as an unprecedented economic crisis roils the country.
The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the International Monetary Fund (IMF) and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves.
Anura Kumara Dissanayake was sworn in as Sri Lanka's ninth president on Monday, amid hopes that he will bolster the country's economy and eliminate corruption.
If the Indian government is indeed serious about reversing brain drain, it needs to put much more emphasis on research and innovation, especially in areas that will determine the future, asserts Prosenjit Datta.
The MiG-21 episode demonstrates that procurement is always strategic.
Choices about what aircraft to acquire, who builds them, who supplies the spares, who trains the pilots and technicians are decisions with political consequences lasting for decades.
Asserting that sovereign debt and banking stress in Europe are the most serious risks to the global economy, the United States on Wednesday said European leaders must escalate their efforts to address the economic challenges faced by the region.
