If the impact of the Greece crisis spreads across Europe and parts of the world which are more interconnected than ever before, India cannot hope to be insulated, says Paranjoy Guha Thakurta.
Three years after the prime minister's election promise that his government would create 10 million jobs, the emerging picture is not pretty. Employment HAS TO take on a critical status in the government's agenda, says Shyamal Majumdar.
The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.
Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.
'It is nice that the banking system is in good shape.' 'It is a little early to call it too good because I think it was too bad in the past.'
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
'It did not vote against America, or for Russia.' 'If we had voted for the American motion, it would have spoilt our relationship with Russia without any change in Russia's behaviour.'
'We have the technical expertise, and international collaborations. We also have robust real-time data. We are a university of pandemic management. If the ministry neglects the role of NCDC, it is the loss of the country'
'It is at the root of all the reservation tussles, and the sharpening polarisation that we witness today, be it on Jat politics or the problems faced by Indians from the north-east in many places,' says Ambassador Kishan S Rana.
It had entered the segment by pumping in over $290 million.
'Silicon Valley people are generally used to layoffs.' 'Every person who has been in the industry for 15-20 years would have been laid off at least 3-4 times.' 'In India, we aren't used to that concept.' 'So when it came here, people were shocked.'
Major General S C N Jatar, who passed into the ages on Monday night, thwarted anti-national forces at the peak of the Assam agitation. Colonel Anil A Athale (retd) salutes this officer and gentleman.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
'As long as economic growth remains steady, creating jobs and generating stable incomes, the rise in home loans should not create problems.' 'If the growth trajectory changes course over the medium term and interest rates rise along with inflation, the expanding trend in home loans may not sustain.'
"Which foreign powers may be interested in taking advantage of unrest and instability in Manipur? Does the geopolitics of south east Asia also have a role in these events," he asked.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Will G20 showcase an India that is inclusive, culturally rich, diverse and tolerant, asks Ramesh Menon.
Subdued demand from developed countries and blocs like the US and EU is impacting exports of key sectors including engineering, gems and jewellery and may have implications on India's exports in case the global situation does not improve in coming months. Global inflation, Russia-Ukraine war, simmering China-Taiwan crisis and supply disruptions are hurting economic growth worldwide, leading to poor demand, experts say. The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, according to the World Trade Organization forecast, released in April.
Gujarat Chief Minister Narendra Modi has started preparing the ground to rescue Indians who are expected to be deported from Saudi Arabia as it goes ahead with its new job law, Nitaqat. Sheela Bhatt reports
Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.
Finance Minister Nirmala Sitharaman on Wednesday said the country's economic growth remains a priority for the government, as inflation has come down to a manageable level. Job creation and equitable distribution of wealth remain the other focus areas, she said at India Ideas Summit. "Some of course are red-lettered (priorities), some may not be. Red-lettered ones would of course be jobs, equitable wealth distribution and making sure India is moving on the path of growth.
The World War I had been triggered by an assassination in then relatively unknown Serbia.
'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'
'The time has come for all those believe in a democratic India to stand up and be counted and to make a choice.'
Over 40,000 people working in various industries, including those in the export sector, in Jalandhar have lost their jobs primarily due to steep reduction in production -- a direct fallout of the economic slowdown dawning on India as a result of the global financial crisis.
I have absolutely no problem with India's conducting business with the generals in Myanmar because that is how India's interests were best served. But how does India benefit from cracking Tibetan skulls outside the Chinese embassy, and how does it benefit from pandering to extremists by exiling Taslima Nasreen?
The ongoing crisis in Manipur has affected several others in the country in one way or the other. Over the years Manipur has produced brilliant sports person in the country.
Yashwant Sinha explains where the Modi government has gone wrong in its handling of the economy.
It is necessary that at least three million additional jobs (if not more) are created every year to ensure that there isn't an increase in the stock of unemployed, says Mahesh Vyas.
At this year's TIME ball in New York City on Thursday, April 25, you would have run into a Coimbatore-born American scientist, looking lovely in Sabyasachi Mukherjee designer finery, who would most likely have been hanging out with Dua Lipa.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes, observes Tamal Bandyopadhyay.
The four judges -- Justices J Chelameswar, Ranjan Gogoi, Madan B Lokur and Kurian Joseph -- have taken up their respective business on the first working day of the top court after the January 12 press conference.
'Worse disasters -- both natural and man-made -- have come and gone in our country. We are here because our ancestors and we survived.'
'What the government should do to create jobs is to help revive the MSME sector.' 'This sector gives employment to lakhs of people.' 'The MSME sector provides more employment than the big industries.' 'So, what should be done immediately is to revive the MSME sector.'
A feature of 'Third World-ism' is lack of accountability. Whether and how the Modi government is held to account politically is a matter for the future, observes T N Ninan.
We require a very pivotal kind of leadership now from the central bank in order to work with the government
