In televised remarks after Finance Minister Nirmala Sitharaman presented the budget, Modi said it has many provisions for the agriculture sector, including for making loans easier for farmers.
The restoration of the Chilahati-Haldibari railway link and signing of the pacts, providing for cooperation in areas of hydrocarbons, agriculture and textiles among others, came at a virtual summit between Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina.
Analysts say investors should increase their exposure to gold up to 10% of their portfolio, depending on their comfort with a 2-year horizon. But avoid investing in physical gold or deposit schemes run by jewellers
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
Expressing concern over the crisis that has ravaged Eurozone, Prime Minister Manmohan Singh said on Tuesday that the developing world may be hit by these recessionary trends and urged the rich nations to adopt quick and effective measures 'to prevent the global economy from slipping into a double-dip recession'.
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other markets.
India needs to play a more constructive role in global economy, particularly in matters like international trade and capital flows, government said on Thursday.
'If the business doesn't recover in next 6-10 months, there might be situation where there would be some lay-offs...That may be required for survival and to ensure livelihood to millions of people.'
It is important for working professionals to not get attached to a designation or title or brand or a company name, asserts Aditya Malik, MD & CEO, Talentedge.
This year, the combined net profit of 24 index companies, which have declared their June-20 numbers, has declined by 37 per cent year on year, while their revenues, including other income, is down by 21 per cent YoY so far.
Biden said that 100 days since he took the oath of office on January 20 and inherited the worst pandemic in a century and the worst economic crisis in a decade, America is on the move again, turning peril into possibility, crisis into opportunity and setback into strength.
Leander Paes is ready to unleash his 'new version' when the sport resumes but the veteran tennis star fears that the organisers may not be able to pull off Tokyo Games and the legacy he wants to create by playing his eighth successive Olympics could remain an unrealised dream. Paes, who turned 47 on Wednesday, had announced that 2020 would be his last season and Tokyo Games was expected to be his swansong event but the COVID-19 pandemic upset his plans.
The top driver for the Indian workforce while choosing an employer are salary and employee benefits, followed by work-life balance and job security.
Online travel firm MakeMyTrip's top executives Deep kalra and Rajesh Magow have decided to draw 'zero salary' from April 2020, while the rest of its leadership team will take a reduction of around 50 per cent in their compensation amid the covid-19 outbreak. Group Executive Chairman Deep Kalra and its group CEO Rajesh Magow have decided to take 'zero salary' from April 2020 as the company plans to undertake multiple "tough measures" to keep overall expenses at a minimum amid the covid-19 outbreak.
Tech giant Apple on Wednesday said it has slashed its App Store commission by half to 15 per cent for small businesses earning up to $1 million (about Rs 7.4 crore) per year on the platform. In the past, tech majors Apple and Google have been criticised for the high commissions charged from app developers. Apple, in a statement, said the new developer programme will accelerate innovation and help small businesses and independent developers propel their businesses forward with the next generation of groundbreaking apps on the App Store.
India has airlifted more than 6 million COVID-19 doses to nine countries in Phase-I under its initiative termed "Vaccine Maitri".
World Bank Chief Robert Zoellick has asked the Chinese government to hasten planned structural reforms to shift the focus of its export-driven economy toward domestic consumption-led growth as the global economy entered a 'new danger zone' this autumn.
Foreign Direct Investment into India rose by 13 per cent in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies such as the UK, the US and Russia due to the Covid-19 pandemic, India and China "bucked the trend", the UN has said.
'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'
Corruption and inflation were major concerns among Indian investors, according to a survey done by ValueNotes on behalf of JP Morgan Asset Management in December.
The magnitude of the economic losses will depend on how the outbreak evolves, which remains highly uncertain.
The government sought to assure investors that India has a "fortress" like balance sheet and is well prepared to deal with the impact of global economic turbulence.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
Trump has in the past expressed disappointment over China's handling of the COVID-19 pandemic. In May, he claimed that it was the 'incompetence' of Beijing that led to the mass killing across the globe.
Overseas investors had put in a net sum of Rs 45,981 crore in March and Rs 11,182 crore in February in the capital markets
Jaishankar noted that it would be difficult to say what will happen in the future as there are a lot of "contradictions and frictions" out there today.
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
India will soon make available many more COVID-19 vaccines to other countries after two Made-In-India jabs have already been introduced to the world, Prime Minister Narendra Modi said on Thursday while emphasising the country's global responsibility in fighting the pandemic.
India and the US are among the countries excluded from the list of nearly 60 low-risk countries.
American refiners closed some of their production, leading to futures trade benchmarked to the West Texas Intermediate going negative.
China, besides denying the United States allegations that COVID-19 has emerged from a bio-lab in Wuhan, also rejected that it emanated from a wet market in the central Chinese city from bats or pangolins before infecting humans.
In an address during the virtual meeting of the American Association of Physicians of Indian Origin (AAPI) on Saturday, Modi said COVID-19 had been used as an opportunity to work towards making the country self-reliant.
A strong and stable dollar is both in the American interest and in the interest of the global economy, US Federal Reserve Board chairman Ben Bernanke said on Wednesday.
Prime Minister Narendra Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with Finance Minister Nirmala Sitharaman as the pandemic hit sectors from small industries to the aviation sector hard with millions of jobs at stake.
Xi spoke of the importance of implementing the new development philosophy and advancing the new development paradigm of "dual circulation" in the country's new development phase to ensure a good start for the 14th Five-Year Plan (2021-25) period.
Oil still lubricates the global economy and could make it seize up. Prices above $110 a barrel raise the spectre of previous shocks. Judged by fundamental supply and demand, there is no reason for prices to remain so high. But, a sustained spike would be a big problem for the global economy.
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
Locke says the US is seeking a level-playing field.
For India to reach its ambiguous economic growth targets, it needs to be integrated into global trade pacts.
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