India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
The overall gold demand during the second quarter of 2013 stood at 1,148 tonnes, the World Gold Council Q2 Demand Trends report said.
At times of slow growth, India has seen number of graduates doubling since 2008 to almost 25 million in 2016
'Analysts see BECA as a 'force multiplier' for India.' 'But China too is known to have such capabilities.' 'The military gap with China will continue to remain a fact of life, BECA notwithstanding,' argues Ambassador M K Bhadrakumar
2020 has dimmed the animated bulbs that create magical images and transform Kolkata into a mesmerising fairyland during Durga Puja.
While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future.
The global financial services major had earlier said that the central bank would keep its policy rates on hold.
'Chinese pressure on Taiwan is unlikely to ease till Beijing feels that stability is being restored in the Sino-US relationship,' says former RAW officer Jayadeva Ranade.
India needs to consider whether the Donald Trump administration can actually deliver, observes former foreign secretary Shyam Saran.
Sensex sinks into red at close on growth concerns.
The rupee on Monday plunged to a two-week low of 66.61 by falling 47 paise against the US dollar on heavy demand for the American currency from importers.
The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6 percent by January 2016.
The Reserve Bank of India kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday.
He added that the risks can increase if the Chinese slowdown gathers more speed.
'The bigger challenge and dilemma for Pakistan would be if the US and Saudi Arabia go full throttle against Iran and enforce regime change in Tehran.' 'That would be bad news for Pakistan, especially with the current instability in Balochistan,' notes Brigadier Narender Kumar (retd).
He said the 2 countries have handled border issues in the past.
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Adopting a wait- and-watch approach ahead of US Fed meeting
'The ceremony on May 30 is all about Modi and there is the great risk that Imran Khan who is a rockstar among Indians might end up stealing the show,' says Ambassador M K Bhadrakumar.
The IT slowdown directly threatens the well being of other industries as well as India's IT cities. This impact has not necessarily been factored in, yet.
However, it still lags far behind the US, which leads with a market-capitalisation of $23.9 trillion through August 2014.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
Most say a rate cut could come in RBI's June policy.
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
As the pandemic unfolded, the India-China relationship has come under severe stress. To restore normalcy, agreements between the two countries must be respected scrupulously in their entirety. Where the Line of Actual Control is concerned, any attempt to unilaterally change the status quo is unacceptable, declares External Affairs Minister Dr Subrahmanyam Jaishankar.
This rally is largely being driven by hopes that the Modi government will drive economic growth higher, and, thus, increase earnings growth for companies.
'Clearly, the warming of ties can be a 'win-win' for India and China,' says Ambassador M K Bhadrakumar.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
'The men in black suits and hair dye in Beijing have not only completely blown the cover story of "peaceful rise," but have managed to antagonise regional powers in the Indo-Pacific.'
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
Brent hit a session high of $114.69 a barrel, its loftiest since September last year.
Barred from international competition, Russia is training its athletes at a series of special domestic tournaments and banking on hopes a doping ban will be lifted in time for this year's Rio Olympics.
His view will be shaped by his perception of US world interests and India's economic performance relative to China.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
'The optimistic advice might be "fasten your seat belts" and the pessimistic one might just turn out to be "brace for impact",' says Claude Smadja.
