Reserve Bank will have to constantly re-assess the "dynamic and fast changing situation" and tailor its actions accordingly, Governor Shaktikanta Das said during the recent meeting of the Monetary Policy Committee (MPC) which decided to maintain status quo on key interest rate. According to the minutes of the six-member MPC meet released by Reserve Bank of India (RBI) on Friday, the five other members had also expressed a similar opinion amid the ongoing Russia-Ukraine conflict's impact on the global and domestic economies. MPC, which held its meeting from April 6-8, unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth despite inflation edging higher in the aftermath of Russia-Ukraine conflict.
The 92-year-old hedge fund tycoon, who has been associated with supporting liberal causes, on Thursday sent shockwaves in the Indian political scene saying Gautam Adani and Prime Minister Narendra Modi's fates are entwined, and alleged that Modi was not a "democrat."
'A very large part of this would have come from opium.'
Billionaire Gautam Adani on Tuesday said China will feel increasingly isolated as rising nationalism, shift in supply chains and technology restrictions threaten the world's second-biggest economy. This is because globalisation, of which China was seen as the foremost champion, is at an inflection point. "It will look very different from what we had come to accept in a largely unipolar world," he said.
He also said that it was wrong to suggest that India stopped foreign made vaccines like that made by Moderna and Pfizer from coming to India.
It is evident that the younger generation is increasingly choosing to postpone or completely forego the idea of getting married, observes Sybil Shiddell, country manager India, Gleeden, a discreet extra marital dating Web site.
China claims nearly all of the disputed South China Sea, though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. Beijing has built artificial islands and military installations in the South China Sea. Beijing is also involved in a maritime dispute with Japan over the East China Sea.
Tendulkar's sterling performances, his fascinating duels for supremacy with contemporaries -- Brian Lara, Ricky Ponting, Inzamam-ul Haq, Jacques Kallis among batsmen; Shane Warne, Muttiah Muralitharan, Wasim Akram among bowlers -- embellished modern cricket and globalised the game, asserts Ayaz Memon who has observed the cricketing colossus from the day he made his Test debut in November 1989.
Incidents such as the violent clashes in Assam only tell us that we need to sensitise the youth about our country -- especially the borders states -- of which they have very vague notions, says educator Chitra Jeyakumar
2007 saw Indian companies actually face off with feisty global competitors.
India's 'Look East Policy' offers a new opportunity for Andhra Pradesh to rediscover its links with the region and build a mutually beneficial interface with ASEAN.
Warning against social consequences of increasing phenomenon of jobless growth in developing nations, India has said partnerships between governments and private sector can explore means of corporate social responsibility as an instrument for achieving productive employment and decent work for all.
The US President also underlined that both countries "will advance sustainable and inclusive growth while tackling shared challenges like the climate, energy, and food crises."
Prime Minister Manmohan Singh on Monday said the approach of developed nations in managing global affairs was not acceptable and questioned the subsidies given by the West in WTO regime to the detriment of developing countries.
India is keen to strengthen its partnership with Russia on Arctic subjects and there is immense scope for cooperation in the field of energy as well, Prime Minister Narendra Modi said.
China has launched a host of reforms to halt the slow down of the economy, which is hovering around seven per cent with forecasts that it would dip down further.
'Winning a deal is one aspect, making sure that we are able to execute it profitably is also important' says Rajesh Nambiar.
The airlines' losses globally are expected to be down from $52 billion in 2021 to $9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said in Doha on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of global air traffic. Walsh, in his inaugural speech at the 78th annual general meeting of IATA here, said that while the outlook for airlines globally is positive, the business environment remains challenging.
Indian policymakers are almost alone, alongside the United States, in seeking a hard and multi-sectoral global decoupling from China in the expectation that it will boost their economies, observes Mihir S Sharma.
Indo-Pacific region. Senior officials from the ministries of External Affairs and Defence, and the US departments of Defence and State met here for the India-US 2+2 Inter-Sessional meeting.
C K Ranganathan, chairman and managing director of Cavincare, talks about the current global economic crisis
Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against the dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained inflation and central banks worldwide adopting hawkish monetary policy approach. "We are relatively better placed. We are not a closed economy. We are part of the globalised world.
India must integrate more with East Asia by getting into regional trade arrangements, lower its tariff walls, and improve the quality of its workforce, suggests T N Ninan.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Pankaj Ghemawat is dismissive of the obsession with growth and scale economies -- he calls them 'dinosaur economics.' He would be much happier if companies considered all components of economic value while assessing cross-border alternatives.
It is time that we think of boosting domestic consumption as a fillip to the Indian economy, says M R Venkatesh.
Tata Institute of Social Sciences offers a two year programme in globalisation and labour.
Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.
Reserve Bank Governor Shaktikanta Das said on Monday that fair and impartial auditing is essential for a resilient economy as it instils confidence among citizens. Addressing officers at the National Academy of Audit and Accounts, Das said that audit is important for the country as public expenditure decisions are based on these reports. Observing that there is a need to improve the quality and depth of audit, he said the Reserve Bank has taken a host of steps in consultation with the Institute of Chartered Accountants of India (ICAI) for improving the audit of banks and financial institutions.
Due to globalisation, growing economy, aging population and changing lifestyle, India will face a tsunami of chronic diseases such as cancer.
Singh said the warship's commissioning will boost India's maritime power.
'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'
Ramiz Raja says he will discuss his proposal to launch a four-nation ODI tournament with Sourav Ganguly
Divya Nair makes a list of Tamil films you must watch at least once. The good news is that they're on OTT right now.
Netaji Subhas Chandra Bose had formed this government and taken oath as prime minister on October 21, 1943."
Why are the poor turning Right instead of turning toward far-Left parties, ponders Pranab Bardhan.
Anybody who's plugged in to the modern, globalised world will understand why, says Kanika Datta.
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