Sri Lanka's embattled President Gotabaya Rajapaksa, under immense pressure from the public and the Opposition to quit over the island nation's worst economic crisis, said on Thursday that the abolition of the executive presidency, a move that will curb his powers, will be considered by Parliament.
Sticking onto his stance of calling the allegations against him 'false', AAP leader Manish Sisodia in his resignation letter said that it is unfortunate that despite working with honesty and truthfulness continuously for eight years, corruption charges are being levelled against him.
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
There are apprehensions about the possibility of the vessel's tracking systems attempting to snoop on Indian installations while being on its way to the Sri Lankan port.
Whether she will pare the fiscal deficit target of 5.1 per cent of GDP, using the record dividend received from the RBI, or expand flagship government programmes will be keenly watched.
'But the world would be much poorer without economics' contribution to understanding how societies function and without economists' suggestions as to how politicians might improve them. 'And economists themselves could do wonders by simply incorporating the country-specific factors in their econometric models rather than just applying them in toto," say Soumya Kanti Ghosh and Samir K Jha.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
At least one person was killed and 12 others injured on Tuesday when the police opened fire to disperse angry anti-government protestors in Sri Lanka's southwestern region of Rambukkana, officials said.
RBI said aggregate demand during the year so far suggests that the shock to consumption is severe, and it will take quite some time to mend and regain the pre-COVID-19 momentum.
Euro zone leaders will hold an emergency summit on Monday.
The decision was taken during a crucial all-party leaders meeting held earlier in the day.
The remarks came amid reports of mounting tension between the finance ministry and the RBI over the autonomy of monetary policy makers.
A group of protesters on Saturday entered the private residence of Sri Lankan Prime Minister Ranil Wickremesinghe and set it on fire, hours after he offered to resign to make way for an all-party government amid unprecedented protests in the country for the resignation of the government led by President Gotabaya Rajapaksa.
If a workable compromise is found and Russia'S Western borders are left undisturbed with a suitable buffer, it will indicate that the US is indeed serious about its focus on China, observes Colonel Anil A Athale (retd).
"The High Commission categorically denies baseless and speculative media reports that India facilitated the recent reported travel of @gotabayar @Realbrajapaksa out of Sri Lanka," the High Commission of India in Sri Lanka tweeted.
The financial sector has been deeply troubled since 2013. It is now in a full-blown crisis, warns Devangshu Datta.
An India-Japan joint statement said the two leaders expressed serious concern over the conflict and the unfolding humanitarian crisis in Ukraine.
Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.
Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic sanctions on Russia. While top conglomerates, including Reliance Industries, the Tata group, and Aditya Birla Group, said they did not have any significant exposure to Russia, executives of some of the oil and gas, pharmaceutical, and tea companies said they were monitoring the situation closely as they earned substantial income from the region. Russian President Vladimir Putin on Monday ordered troops into two breakaway regions of eastern Ukraine after announcing that Russia would recognise their independence.
Sri Lanka, who are third in the WTC rankings behind already qualified Australia and India, will need to beat New Zealand 2-0.
'The coronavirus epidemic highlights the need to start thinking more actively about multilateral coordination, including, but not confined to, health emergencies and climate uncertainties,' says Rathin Roy.
"The two sides note that the relationship between Russia and China has progressed to a more advanced interstate cooperation compared to the military-political unions of the Cold War era as it is not bloc or confrontational in nature, nor does it target any third countries," Russia's new agency Tass quoted the document as saying.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
'Once elected, you have to act like people's representative for the full five years or else people show you your place.'
Delhi's appeasement strategy may now translate as more mega arms deals with the US, generating substantial business and job creation in the American economy. Make no mistake, Americans will use it to pressure India, predicts Ambassador M K Bhadrakumar.
Rajan has already warned he does not have a 'magic wand' to deal with India's economic crisis.
'They will be able to ride over this immediate crisis and carry on, but they need to take corrective steps and these will have to be long term measures which must include working closely with state governments.'
The current instability in the world is a result of long term systemic and socio-politico problems, points out Colonel Anil A Athale (retd).
The ministry of finance is likely to assume crude oil price to remain within $85 per barrel while estimating subsidies for the Interim Budget 2024-25 (FY25), to be presented on February 1. Brent crude prices moved up on Thursday, ending at $78.9 per barrel. Crude oil and cooking gas prices, which move in tandem, impact fertiliser and cooking gas subsidies, constituting 53 per cent of the government's total subsidies.
The cancellation of UGC-NET, amid the raging row over NEET, led to questions being raised over National Testing Agency's (NTA) capability to conduct exams of larger magnitude.
External Affairs Minister S Jaishankar, who addressed the virtual meeting on behalf of Prime Minister Narendra Modi, also pointed out that in response to the crisis in Gaza, India has sent 70 tonnes of humanitarian assistance and will continue its relief assistance.
Speaker Karu Jayasuriya questioned the president's decision to suspend parliament till November 16, saying it will have "serious and undesirable" consequences on the country.
'I am shocked that the BJP makes so many commitments. What did they deliver as the NDA?'
The compulsion behind India and Japan to deepen security cooperation is in response to China's growing political and economic clout and its assertive behaviour in disputed areas. This has been the key driver for bringing both India and Japan closer in the domain of security cooperation, explains Dr Rajaram Panda.
'We need to look after each other during these difficult times.'
Those who worry that the Adani saga will turn the world off India are not looking at the entire picture, asserts Mihir S Sharma.
The fundamental construct of India's neighbourhood policy still needs to be what Vajpayee postulated, Manmohan Singh embraced, and Modi energised. It's just that we need to junk domestic politics and excessive religiosity, while acquiring much humility and a renewed respectfulness towards our neighbours, recommends Shekhar Gupta.
'Over the next two quarters, markets will be guided by observing the earnings resilience of corporates during the second lockdown, progress of the monsoon and the damage, if any, to rural spending power due to the second wave.'
