Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
Terming investment in infrastructure "quintessential" to boost growth, the Economic Survey on Friday said post unlocking of the economy, infra sectors are poised for growth and construction of roads is expected to return to the high pace attained before COVID-19. The infrastructure sector will be the key to overall economic growth and macroeconomic stability, the Survey said emphasising that the year after the crisis (2021-22) will require sustained and calibrated measures to facilitate the process of economic recovery and enable the economy to get back on its long-term growth trajectory. "Basic infrastructure facilities in the country provide the foundation of growth. In the absence of adequate infrastructure, the economy operates at a suboptimal level and remains distant from its potential and frontier growth trajectory.
'Our adult minds can use logic to understand the consequences, and our responsibilities have enabled us to accept this reality faster.' 'But our little ones still have no clue about what is going on.'
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
The 75-year-old veteran politician and Nepali Congress President took the oath of office and secrecy from President Bidya Devi Bhandari during a swearing-in ceremony which was delayed by over two hours.
He said COVID-19 can be a catalyst towards the adoption of digital technologies in health and education and drive change in a way that even venture capital funds have not achieved despite pouring billions in investments.
Prime Minister Narendra Modi has met his Australian counterpart Scott Morrison in Washington, DC, ahead of the first in-person Quad meeting to be hosted by US President Joe Biden and discussed a broad range of issues of bilateral, regional and global importance, including the Indo-Pacific.
India has just 28 Olympic medals to its credit since making a debut back in 1900.
Over 51% per cent of users feel they will probably continue virtual dating even after they will be able to meet up safely.
'The Vladivostok visit marks a subtle reversal of trend discernible in the revival of India-Russia relations pioneered by Modi during the past couple of years,' says Ambassador M K Bhadrakumar.
'It may take two years for the economy to return to normal.' 'We should ensure that the vulnerable do not dig into their savings or give up their assets because that will set them back by several years.'
However, the growth during the next financial year would be higher at 8.1 per cent in case of a second wave of the coronavirus and bit slower at 7.9 per cent if the virus recedes and remains under control.
Here's the full text of address to the nation by President Ram Nath Kovind on the eve of the Republic Day 2022.
Hitting hard on the three and half years of the Trump administration during her first appearance after being picked as the vice presidential nominee of the Democratic party on Tuesday, Harris, 55, presented a long list of missteps taken by the current United States government.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
Aseem Chhabra brings you the Best of the Berlinale.
Faced with acute power shortage that sparked widespread protests and violence in which four people were killed in police firing, Bihar's Energy Minister Bijendra Prasad Yadav demanded that the Centre issue a white paper on the state's power crisis.
If Irrfan could have been our finest professor of empirical philosophy, and Nawaz is our foremost poet of that space halfway between the gutter and the stars, then Jaideep Ahlawat has to be our greatest artist-scientist, asserts Sreehari Nair.
Among his wards, Mayank Agarwal, Prithvi Shaw and Hanuma Vihari have taken to Test cricket like duck to water, all-rounder Vijay Shankar is staking World Cup claims, while Shubhman Gill broke into the ODI team in New Zealand.
Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.
Though a weak dollar will lend some support to revenues and margins in FY21, the demand environment will outweigh any gain.
Despite possessing a global footprint and heaps of the youthful energy the International Olympic Committee (IOC) is desperate to tap into, skateboarding is late to the Olympic party following the arrival of snowboarding, skicross, BMX, beach volleyball and others.
Prime Minister Narendra Modi seems to have secured a rare concession from Pakistan that 'terrorism' and not the issue of Kashmir be the central theme of the India-Pakistan dialogue.
Nepal plunged into a political crisis last Sunday after Oli, known for his pro-Beijing leanings, in a surprise move, recommended dissolving the 275-member House, amidst a tussle for power with former prime minister Pushpa Kamal Dahal 'Prachanda'.
The total electricity production in the world in 2008 stood at 19,950,3917,395,212 kWh, while the total power consumption was 17,109,665,000 gigawatt hours.
An FFT statement said it had consulted with the ATP, WTA and International Tennis Federation (ITF) to allow the Roland-Garros showpiece the benefit of an extra week.
Govt keen to revive business sentiment in india.
The storm is likely to impact Mumbai, Thane and other coastal districts of Maharashtra like Raigad and Palghar along with Valsad, Navsari, Surat, Bhavnagar and Bharuch districts of Gujarat and Union Territory of Dadra and Nagar Haveli and Daman and Diu. Preparations for the impending cyclone were discussed at a meeting of the National Crisis Management Committee (NCMC), headed by Cabinet Secretary Rajiv Gauba, a home ministry statement said.
Axis Bank was the top gainer in the Sensex pack, surging over 13 per cent, followed by ICICI Bank, IndusInd Bank, Maruti, TCS, Kotak Bank and Reliance Industries. On the other hand, Nestle India, HUL, Tech Mahindra and Sun Pharma ended in the red. NSE Nifty zoomed 273.95 points, or 3.03 per cent, to finish at 9,266.75.
Under Kohli, playing cricket will now be about winning, not avoiding defeat. India will not just be liked or admired -- it will be respected and feared. A country whose stars were labeled 'talented' or 'elegant' or 'inconsistent' now finds itself with a captain who is professional, tough, and combative, the embodiment of athleticism, aggression, and ambition. A fascinating glimpse from Pride, Prejudice And Punditry: The Essential Shashi Tharoor.
Inflation targeting has worked well and the government must stay with it, and the framework is going to work well in the period ahead also, former RBI Governor D Subbarao said on Thursday. He also said low inflation contributes to sustainable growth. Addressing the 'Times Network India Economic Conclave' virtually, Subbarao said the government's proposal to privatise some public sector units is not akin to selling family silver but it is a route for putting India on a sustainable growth path.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
L&T was the top loser in the Sensex pack, dropping 4.99 per cent, after the engineering major posted a 45 per cent decline in consolidated net profit for the September quarter. Titan, ONGC, Axis Bank, HUL, NTPC, M&M and HDFC were the other major laggards, shedding up to 3.32 per cent. NSE Nifty fell 58.80 points or 0.50 per cent to 11,670.80.
While the industry has been given the highest benefits, farmers will have to contend with 1 per cent reduction in electricity costs.
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
'For equities, inflation trending upwards but within the range of expectations can actually be a big positive as it helps earnings and may shift flows from bonds to equities.'
Second seed Dominic Thiem celebrated his 27th birthday with a commanding 6-3, 6-3, 6-2 victory over India's Sumit Nagal on Thursday to move into the third round of the US Open.
The agricultural supply system has to be able to respond to this increasing demand, which it is not able to do.
Laxman said the management had made up its mind before the 2020 auction to pick young Indian batsmen for the middle-order.
Experts said banking is a play on the economy and the latest buying into this space is underpinned by hopes of a sharper-than-expected recovery in the economy.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances