Fitch said COVID-19 is still in India and it is very likely that the government will have to spend a bit more on fiscal measures to support the economy.
Among the states due for election next year are AP, Haryana and Odisha, which have a fair share of agri credit. If these states individually announced debt relief, the combined waiver would be at least around Rs 600 bn to Rs 700 bn. Clearly, this will be a frightening challenge for Indian banks.
The partial withdrawal would mean that Iran would stop exporting enriched uranium stocks as stipulated by the 2015 agreement.
Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar's agenda.
The top court, which refused to pass any interim stay order on the quota, said chances of physical court seem remote due to the persisting COVID-19 pandemic. A bench of Justices L N Rao, Hemant Gupta and S Ravindra Bhatt asked the parties said that all parties should sit together and decide on modalities of hearing like who will take how much time and no one shall repeat the arguments.
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
The Central Bureau of Investigation had registered an FIR on May 15, 2017 alleging irregularities in the Foreign Investment Promotion Board clearance granted to the media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as finance minister.
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
'Today we prove that our democracy still works and that the power always belongs to the people through the power of our vote'
These foreigners had attended the event in March, following which in April COVID-19 cases across the country spiked after hundreds of Tablighi Jamaat members, who had attended the religious congregation at Nizamuddin Markaz event, tested positive.
Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector
The government has an opportunity right now to save Indians from deep recession, and in many cases, starvation, notes Kalyan Singhal.
'We should not minimise the seriousness of Chinese encroachments because their perception is different.' 'Nor should we fall into the trap of accepting so-called 'buffer zones' in areas of overlapping claims. We cannot have buffer zones in our own territory,' asserts Ambassador Shyam Saran, a former foreign secretary.
The Union government gives debt and interest relief under the debt consolidation and relief facility to the states, which meet their targets set by Fiscal Responsibility and Budgetary Management acts. As part of the second stimulus package, states were allowed to deviate from their FRBM targets by 0.5 percentage points to go for a higher fiscal deficit of 3.5 per cent to incur additional capital expenditure to counter the slowdown in the economy of their states.
'Our legal team is doing their best to argue the matter in the court.'
In a virtual roundtable with healthcare workers on COVID-19, Biden alleged on Wednesday that his transition team has not been receiving any cooperation from the Trump administration.
'This prime minister thinks he knows everything.' 'He has to consult, he has to talk and he has to mobilise the best people, but having seen him function, I have no expectations from him.'
Daily wagers are running out of resources, including ration and cash, and the state governments might not be able to sustain their needs for a longer period of time, given the lockdown has already been extended until May 3.
A swift recovery in oil demand in India is not only helping the stability of the global market, it is giving huge fiscal headroom to the government in terms of additional excise duty.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
Addressing his council of ministers in a video conference, Modi asked them to prepare business continuity plans to fight the economic impact of COVID-19 on a war footing, but also asserted that this crisis is an opportunity to boost the 'Make-in-India' initiative and reduce dependence on other countries.
China is acutely conscious of the need for the next Dalai Lama to be under its control. It was for this reason that China recently stressed their claim on Arunachal Pradesh. There were rumours that the next Dalai Lama may be found in Tawang. If that happens, India-China relations will become tense and there may be demands for the child to be handed over to the Chinese, points out Ambassador T P Sreenivasan.
The high court was hearing a plea by Samyak Gangwal challenging a June 2 order of the Central Public Information Officer (CPIO), PMO, refusing to provide documents sought by him on the ground that PM CARES Fund is not a public authority under the RTI Act.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Kim did not rule out diplomacy with the Biden administration despite that Pyongyang called Biden a 'rabid dog' after Biden labelled Kim a 'thug'.
In the opinion piece after the summit, the leaders said the cooperation, known as "the Quad," was born in crisis. It became a diplomatic dialogue in 2007 and was reborn in 2017.
Tharoor said the fishermen took their boats inland and with their expert knowledge of the local conditions, their participation in the ongoing relief operations proved to be a gamechanger.
'The prime minister did not think that COVID-19 was a serious challenge as late as March 20.'
Hail and rainstorm killed 160 people in 11 provincial regions, mainly along the mighty Yangtze River and its distributaries, and have left 28 missing, state-run Xinhua news agency reported.
The industry welcomed the RBI move to deregulate savings bank interest rates, a step which lenders said could fetch better returns for depositors as competition will intensify.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
'This is a critical story that Modi seems to grasp far better -- almost instinctively -- in comparison with most of his predecessors as prime ministers,' notes M K Bhadrakumar.
The president said he will be signing a number of executive orders over the next several days of the week.
Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against coronavirus disruptions, fresh support may be only around 60 per cent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden the bond market, says a report.
'COVID-19 will not stop the expansion of China's 'infrastructure power'.'
Raj Kumar Vaishya enrolled in NOU last year in September to achieve his dream of acquiring a master's degree
Three years after the government brought in a SEZ law promising greater economic activity on the back of tax sops, the Economic Survey on Thursday expressed concern over 'proliferation' of Special Economic Zones seeking a check on them.
In a major relief to thousands of Indian IT professionals, a federal judge in the US on Thursday blocked the enforcement of a temporary visa ban by the Trump administration on a large number of work permits, including the most sought after H-1B visas, ruling that the president exceeded his constitutional authority.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
Addressing a meeting of the Congress Working Committee, Gandhi said it should worry every Indian and her party will have to work hard to repair this damage.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances