Stating that India's consolidated deficit is the highest among the G20 nations, Gopinath added it is important for India to undertake reforms.
With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand. She rooted for government policies focusing on managing a slowdown in domestic demand, and on boosting productivity growth and supporting employment creation in the medium term.
Throughout its 155 minutes, every scene is doused in blaring background music and melodrama. Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.
Rural Development Minister Gopinath Munde had last spoken to ANI a day before his demise.
Jayanth Pooviah, director and chief executive officer of Deccan Charters, confirmed the development.
SBI, along with a few other banks, had given loans to Gopinath for Deccan Cargo, a venture he started in 2009, a few years after he sold Air Deccan to Kingfisher Airlines.
Announcing her appointment, IMF Managing Director Christine Lagarde hailed the Mysore-born Gopinath as "one of the world's outstanding economists with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience".
Some pilots are already in touch with Gopinath while others are betting on Kingfisher's revival.
Bharatiya Janata Party leader Gopinath Munde's nephew was allegedly stabbed by two persons in Parli Vaijanath, Marathwada, on Tuesday and has been hospitalised in a critical condition, police said.
Senior Maharashtra Bharatiya Janata Party leader Gopinath Munde on Tuesday said he would withdraw his resignation from the party general secretary post. Munde had earlier said he would stay in the party and that had never thought of joining any other platform.
Though Anand Sinha, an executive director at the central bank, was late last month selected as the successor to Thorat, he is yet to get the orders from the finance ministry to assume office.
Second deal in 4 months after tie-up with RIL for cargo airlines.
Gopinath Munde came up the hard way and never forgot his roots. Just when he seemed destined for bigger things, death snatched him away.
The resort, Barefoot, in which Gopinath owns close to 35 per cent, is spread over seven acres 'in exotic locale' and has 18 villas.
Senior party leader and member of the national executive committee Yogendra Yadav said that the party had over 1.5 million members and it was only the opinion of the party officer bearers and spokespersons that was relevant.
The Central Bureau of Investigation will probe the death of senior Bharatiya Janata Party leader and Union minister Gopinath Munde in a car crash last week, Leader of the Opposition in Maharashtra assembly Eknath Khadse said following an assurance from Union Home Minister Rajnath Singh.
Capt Gopinath is trying to reinvent the charter business.
Describing the unrest among party members as just the "tip of the iceberg," the report shed light on the underlying discontent within the BJP.
Top Aam Aadmi Party leaders Shazia Ilmi and Captain Gopinath resign.
India's recently-enacted agri laws have the potential to increase farmers' income, but there is a need to provide a social safety net to the vulnerable cultivators, IMF's Chief Economist Gita Gopinath has said. Indian agriculture is in need of reforms, she said. There are multiple areas where the reforms are needed, including infrastructure, the chief economist of the Washington-based global financial institution said on Tuesday. The three agri laws, enacted in September last year, have been projected by the Indian government as major reforms in the agriculture sector that will remove middlemen and allow farmers to sell their produce anywhere in the country.
Rural Development Minister Gopinath Munde died in a road accident while on his way to the Indira Gandhi International Airport in New Delhi on Tuesday.
Discussions have been initiated to sell the company to a Mumbai-headquartered, highly diversified, multi-billion dollar corporate group which has interests in retail and logistics, among various others.
Saris were in vogue at the dinner President Droupadi Murmu hosted for G20 leaders on Saturday evening and earlier as well on Saturday morninbg when Kyoko Jaishankar, External Affairs Minister Subrahmanyam Jaishankar's wife, hosted the leaders's spouses in New Delhi.
Ahead of the monetary policy review on May 3, Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath said inflation was a concern, mainly on account of the high prices of non-food manufacturing goods.
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
Asked whether she would like to go to the Lok Sabha or the Rajya Sabha, Pankaja Munde said it is too late to choose it.
'There are legions of unemployed degree holders across rural and semi-urban belts in Maharashtra. Now, they aren't finding brides.' 'This issue has now snowballed into a social crisis. In 2014 and 2019, they had voted for the BJP.'
'The BJP alliance needs to handle the Maratha quota issue skilfully and address its root cause, which is agrarian distress. Then there is stalled industrialisation. If these issues are addressed, caste fault lines would wither away. But, this is next to impossible in a short span of three-four months.'
After some initial take off turbulence, Gopinath is now actively steering the air cargo business steadily with equity infusion from Reliance Industries.
Kingfisher and Deccan had appointed Accenture to study the structure of the merger of the two airlines including operational synergies, network rationalisation and management structure.
The mortal remains of Bharatiya Janata Party leader and Union Rural Development Minister Gopinath Munde, who died in a road accident in Delhi, were flown to Mumbai on Tuesday evening.
Munde, who returned to Mumbai after meeting top BJP leaders including Lal Kishenchand Advani and Rajnath Singh in Delhi, had a meeting with Thackeray at his residence during which the Shiv Sena leader wished him all success, Sena sources said on Friday. This is Munde's second visit to Thackeray's residence within a span of three days. Just before going to Delhi to meet the party bosses on Tuesday after raising a banner of revolt, Munde had met Thackeray.
In ideologically discordant notes within Aam Aadmi Party, Captain Gopinath, pioneer of low-cost airline business, slammed the decision of AAP government in Delhi to reject FDI in retail, saying the party is "running in danger" of being branded like other parties of resorting to cheap and populist measures.
Two years after selling his budget carrier, Air Deccan to Vijay Mallya-owned Kingfisher Airlines, its former chairman Captain G R Gopinath, still harbours a dream to return to the low-cost airline segment, which he pioneered in the country.
BJP heavyweights Smriti Irani, Arjun Munda, Ajay Mishra Teni and Kailash Chaudhary were among the 13 Union ministers who tasted defeat in the 2024 Lok Sabha elections, as stunning losses in three Hindi heartland states forced the BJP to rely on allies to form the government.
Captain Gopinath's dream of making every Indian fly will now remain just that. But this will rise to another: Mallya's dream of making Kingfisher one of the world's top airlines.
The resignation of Captain Gopinath on Saturday came as a severe blow to the Aam Aadmi Party. "The party has lost its focus and I did not feel the need to continue," said the Air Deccan founder, who had joined the party in January this year.
The ashes of Bharatiya Janata Party leader and former union minister Gopinath Munde were on Sunday immersed in the Godavari river.
Rural Development Minister Gopinath Munde died in a road accident while on his way to the Indira Gandhi International Airport in New Delhi on Tuesday.
As results were declared for assembly elections in four states -- Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana -- here are how some of the prominent candidates fared.
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