'Earning expectations remain strong.'
The excise duty cut will translate into a reduction of Rs 9.5 a litre on petrol and Rs 7 a litre in diesel after taking into account its impact on other levies.
The challenges before the coming Budget are more daunting than those in 2021, reveals A K Bhattacharya.
India's services sector activities contracted further in June as the intensification of the COVID-19 crisis and reintroduction of containment measures restricted demand, a monthly survey said on Monday. The seasonally adjusted India Services Business Activity Index fell from 46.4 in May to 41.2 in June, as new work intakes and output contracted at the fastest rates since July 2020, which prompted companies to reduce employment again. Subdued demand conditions resulted in a second successive monthly drop in new business received by services firms.
'Aquaponics can effectively cushion the impact of a calamity like COVID.'
Domestic pharma major Panacea Biotec in collaboration with Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) has begun the production of 'Sputnik V' COVID-19 vaccine in India, according to a joint statement issued.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
The agency welcomed the Rs 1.70-lakh crore package announced by Finance Minister Nirmala Sitharaman earlier in the day but said more measures like loan forbearances for small businesses and households are necessary.
Gosavi's photos and videos with actor Shah Rukh Khan's son Aryan Khan went viral on social media after the NCB's raid.
The API of Paracetamol, a fever and pain medication, has grown 25 per cent from Rs 450-480 per kg in December 2020 to Rs 580-600 per kg in April. When compared to the pre-Covid prices of December 2019, the surge is much steeper -- around 140 per cent, reports Sohini Das.
Over 20,400 foreign nationals have been evacuated from India amid the coronavirus crisis and any decision on bringing Indians from abroad will be taken at a later stage after reviewing the situation, the government said on Friday.
The growth momentum that started during the festival season is likely to sustain in the new year, reports Arindam Majumder.
Saudi Arabia has invested in Pakistani nuclear weapons projects and believes it could acquire atomic bombs "at will", the BBC reported on Thursday.
It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.
China's state media on Tuesday defended Pakistan's nuclear record, saying it was A Q Khan who was responsible for atomic proliferation which was not backed by the government and argued that any exemption to India for Nuclear Suppliers Group entry should also be given to Pakistan.
"Selling military hardware to Pakistan -- with a generous subsidy from American taxpayers -- is no way to convince them to become responsible players in the international community and assist in the fight against terrorism," Rand Paul said.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
During the 13th annual summit, the two prime ministers reviewed developments in bilateral relations and explored new areas of cooperation, focusing on shared vision for peace and prosperity in the Indo-Pacific, where China is flexing its muscles.
An agreement to expedite the Jaitapur nuclear plant was expected to be signed.
On Saturday, an online marijuana sale racket was busted by Bhind police in Madhya Pradesh, leading to the arrest of two persons and seizure of 20 kilograms of the contraband, according to an official. The accused were operating the racket through a leading e-commerce firm, which received two-thirds of the profits generated, as per the official.
Making nuclear exemptions for India, says Senator Edward Markey, 'only infuriates Pakistan and leads them to further increase their own nuclear capacities.'
'This reluctance to respond forcefully to Chinese PLA provocations and outright aggression has as much to do with Prime Minister Modi personally, as with the institutional mindset of the MEA or even the Indian Army.' 'They are scarred by the 1962 War and are still cowed by China.'
China on Monday defended its visa curbs which have prevented thousands of stranded Indians from returning to Beijing, saying they are "appropriate" to control the spread of COVID-19 and do not target India alone, but are applied to even Chinese citizens coming back from overseas.
The chargesheet was filed against Nirav Modi and 23 others.
If there is a morality tale here, it is that debt and death spare no king.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Stressing that the Covid virus may continue to transmit for a "very long time", senior WHO official Poonam Khetrapal Singh says the level of immunity in a community, through vaccination and previous infection, will determine whether it will become endemic in the long run.
Despite presiding over scores of factories in what is today India's largest garment exporter with 105,000 employees, Ahuja is a modest man with much to be immodest about. He tells Rahul Jacob that the government needs a free trade agreement with Europe fast to ensure a level-playing field with Bangladesh and Vietnam.
Baba Ramdev's Patanjali Ayurved is considering bidding for the title sponsorship of the upcoming Indian Premier League, according to a company official.
Firms that should borrow abroad do not do so enough, and those that should not borrow abroad do.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
'India has to ensure its borders are properly sealed and there is no infiltration from PoK.
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
Chief Economic Adviser K V Subramanian on Monday said the overall impact of the second wave of COVID-19 on the country's economy is not likely to be large but cautioned about an uncertainty surrounding the pandemic going ahead. He further said that given the circumstances due to the pandemic, it is difficult to forecast if the country would achieve a double digit growth in the current fiscal. The Economic Survey 2020-21 released in January this year had projected GDP growth of 11 per cent during the current financial year ending March 2022.
'It is difficult to see how we will be able to get out of the hole that we have dug ourselves into and are digging deeper into,' notes Aakar Patel.
The consignment was imported by a trading company registered in Vijaywada in Andhra Pradesh.
Auto majors face dip in exports due to credit squeeze in Lanka, Nepal
'There will always be a challenge to maintain a fine balance to ensure that the growth keeps happening and inflation is contained.'
Delving into implications of the latest developments in Afghanistan, Russian Ambassador Nikolay Kudashev said that there is a danger of the possible spread of terror into Russian territory as well as Kashmir, noting that India and Russia will continue to work together to counter any threat of terrorism.
Sanjeev Nayyar offers a roster of things to do to see the India of our dreams.
