Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If Modi's truly a reformer and a believer in minimum government, he would bury the Vodafone ghosts now. He would also then go to Bihar, campaigning on his politically controversial reforms. Both will need him to dip deep into his accumulated political capital and risk it, suggests Shekhar Gupta.
India did not create the problem. But if it had a better functioning government system, it would have been able to deal with it at lower cost to its citizens, explains T N Ninan.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Congress chief spokesperson Randeep Surjewala wondered why Prime Minister Modi was 'silent' on his 'India First' policy as President Trump talked of 'America First'.
We import from China not because we love China, but because they sell us these things at cheap prices, points out Rathin Roy.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
The Congress seems to have learned nothing from its defeats. At a time when its supporters worry that the idea of India is under attack, the party is still preoccupied with its own battles, notes Vir Sanghvi.
It was a many splendoured political career, which ended at the presidential palace. But the prime minister's post eluded him, even though it was a position he openly aspired for.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The fiscal deficit, as per the survey, deteriorated to 5.8 per cent of the GDP as compared to 3.4 per cent for 2018-19 estimated in the interim Budget.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
While Maharashtra and Gujarat continue to top the nationwide tally, Tamil Nadu has now crossed the 5,000 mark. The death toll of the southern state has reached 37, with two more women succumbing to COVID-19 during the day.
He made a reference to the clash between Indian and Chinese troops in Ladakh's Galwan Valley in June this year. "What our jawans can do, what the country can do, the world has seen in Ladakh," he said.
The first commercial flight from Pakyong would begin from October 4.
The prime minister was speaking at an event to mark golden jubilee of the Aditya Birla Group's presence in Thailand.
Modi launched the membership drive of the ruling Bharatiya Janata Party from his Lok Sabha constituency of Varanasi on Saturday, noting that it will further connect people from all walks of life with the saffron party.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Just see what kind of political, social and economic impact it will have when the number of unemployed goes up four times in one year suddenly.'
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
'We should not minimise the seriousness of Chinese encroachments because their perception is different.' 'Nor should we fall into the trap of accepting so-called 'buffer zones' in areas of overlapping claims. We cannot have buffer zones in our own territory,' asserts Ambassador Shyam Saran, a former foreign secretary.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Tata Motors was the biggest loser in the Sensex pack, tumbling 2.47 per cent, followed by Reliance Industries (2.44 per cent), Maruti (1.84 per cent), SBI (1.76 per cent) and Bajaj Finance (1.23 per cent).
Modi has appointed P K Sinha, who superannuated as cabinet secretary on Friday, as Officer on Special Duty (OSD) in the Prime Minister's Office (PMO), he said.
'Even before the outbreak of the flu, it had become clear that the tax revenue numbers for 2019-2020 were overestimated,' observes A K Bhattacharya.
The NSE Nifty closed lower by 32.15 points, or 0.32 per cent, at 9,984.80.
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
The highest collection target has been given to Mumbai at Rs 4.39 trillion, followed by Delhi and Bengaluru.
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
No one was injured in the incident that came even as Uttar Pradesh Chief Minister Yogi Adityanath during a poll rally in Delhi's northwest Rohini area alleged that those who support terrorists in Kashmir are staging protest at Shaheen Bagh.
The 30-share Sensex ended up 390 points at 26,637 and the 50-share Nifty closed 118 points higher at 7,961.
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
Monsoon is likely to be below normal in the current year at 93%.
While asserting that the growth of coronavirus cases in the country has been more or less linear and not exponential, it also said testing has been ramped up consistently.
Indian economy grew 7.9% in March quarter and recorded a five-year high growth rate of 7.6% for the 2015-16 fiscal
He said that if there are issues that need to be talked about, it is between India and Pakistan.
'You had earlier sent a Prime Minister from Assam (referring to Manmohan Singh) whom people do not even remember now'
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