Even with the Rs 20,000 crore distributed among states, it will still be a fraction of what they have been demanding in financial support and clearance of pending dues.
The government has to make up its mind. Mere articulation of a desire to take tough measures is not enough. It needs to implement those measures and prevent the adverse consequences of a higher fiscal deficit.
The MNS chief demanded that videos of such people being thrashed be made viral on social media, to instill sense of "trust" among people.
A brothel and a funeral home have become the newest benefactors of two cash-strapped Greek soccer clubs struggling to survive the country's economic crisis.
The economic recovery is faltering and even the fast growing emerging markets are slowing down, says Prime Minister Manmohan Singh.
Naomi Osaka has faced a backlash on social media after throwing her support behind the Black Lives Matter (BLM) protests in the wake of the death of George Floyd, an unarmed black man who died in police custody on May 25.
The Jharkhand poll results also show that the caste equations against BJP are consolidating. Cong leaders feel that the BJP is not invincible and can be defeated if like-minded parties get together.
China said the study was "ridiculous" and based on "superficial" information.
Pelosi, 80, secured 216 votes in a tight contest against Republican Kevin McCarthy, who got support from 209 Congressmen, after Democrats lost 11 seats in the November elections to command a narrower 222-212 majority.
In an open letter to Congress chief Sonia Gandhi senior analyst B Raman says that the credibility of the Manmohan Singh government is withering and what the nation needs is a psychological turnaround.
India's gross domestic product growth has slumped to 6.5 per cent in 2011-12, the lowest in the last nine years.
When a technology change happens its universal and so is the impact.
"Antonio Borges, director of the International Monetary Fund's European Department, has notified IMF managing director Christine Lagarde of his intention to leave the Fund for personal reasons," the IMF said in a statement on Wednesday.
The transcript of a rediff chat with M K Venu, managing editor of Financial Express newspaper.
If the first quarter results are anything to go by, the hospitality industry may have to face gloomier times ahead.
In India, total employment grew by only 0.1 per cent yearly over the five years till 2009-10, says the report, "from 457.9 million in 2004-05 to 458.4 mn in 2009-10, while labour productivity grew 34 per cent over this period".
Two days from the start of the Olympics, former British Prime Minister Tony Blair has defended his decision to deliver the games to London, maintaining on Wednesday that the event will be value for money as austerity hits other public projects.
Eurozone crisis has hit the India-France bilateral trade and achieving the USD 12 billion target (of the trade) would be difficult this year, French Ambassador to India, Francois Richier, said.
India's finance minister Pranab Mukherjee is all set to become the next President of the country.
Prime Minister Manmohan Singh on Saturday asked European countries to take firm steps to fix the continent's financial mess, which was hitting India's economic growth and dampening global markets.
In a wide-ranging interview with Business Standard, the professor with Columbia University says economic power is already shifting to emerging market economies.
TCS delivered the best all-round performance, while Infosys and Wipro were dragged down by problems plaguing their restructuring initiatives.
The rupee on Thursday lost 25 paise to 55.72 against the US dollar in early trade at the InterbankForeign Exchange market as the American currency gained strength against other currencies overseas.
'The US appears to think that Pakistan is highly vulnerable today due to its economic crisis and one more turn of the screw may bring about desired results,' says Ambassador M K Bhadrakumar.
Unveiling an election agenda that is literally out of this world, leading Republican White House hopeful Newt Gingrich has promised to build a permanent American base on the moon, an idea termed by his rivals as a wild dream and unaffordable for a country experiencing one of its worst economic crisis.
'What criteria is GoI (government of India) using to judge how long the lockdown is to continue...'
As advanced economies continue to be consumed by the tailback of the economic crisis that struck in 2008, the germ of an alternative model of economic growth seemed to be emerging on the anvil of the BRICS regional grouping that held its fourth summit in Delhi here on Thursday.
Prime Minister Manmohan Singh arrived in New Delhi today after a four-day trip to Italy where he attended a summit of G-8 and G-5 leaders.
Even as the deficits on fiscal and current account fronts have been building up, it is highly unlikely that the country could witness the repeat of the 1991 economic crisis that was caused by similar factors, said Duvvuri Subbarao, Governor of the Reserve Bank of India (RBI) on Thursday.
The United States Citizenship and Immigration Services has announced that it has reached the cap on Congressionally mandated 65,000 H-1B work visas, the most sought after by Indian professionals.
With exports on a downturn due to the economic crisis battering major markets in the US and EU, China has said it will turn to developing countries to sustain its foreign trade-dependent economic growth.
'The government is sincerely working on employment generation. Unfortunately, they are depending on these people from Harvard. Their wrong policies are killing jobs. The government has to come out of the Western framework on which they depend upon a lot.'
European countries have the necessary resources and capabilities to deal with the current economic crisis that has engulfed them, the White House said.
Prime Minister Manmohan Singh on Thursday embarked on a four-day visit to Indonesia and Singapore with an aim of bolstering partnership with East Asia at a time when the United States and Europe are going through economic crisis.
According to the report, the magnitude of internal migration is about two-and-a-half times that of international migration.
The Trump administration has announced new restrictions on H-1B non-immigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
The budget is evidence that we have no strategic plans to successfully compete in the evolving world. If this government were running a business, the board would fire it without a second thought, says Sonali Ranade
The Great Depression, that began almost 10 years before World War II broke out, is said to be the worst-ever financial crisis that the United States and many other nations across the world ever witness to.
In a statement on Wednesday, World Bank said that its President Robert B Zoellick has announced that he would step down at the end of a five-year term in which a transformed Bank played an historic role during the global economic crisis, using record replenishments to provide more than $247 billion to help developing countries boost growth and overcome poverty.
