A man was shot dead in police firing in Telangana's Secunderabad, trains went up in flames, and public and private vehicles attacked, as railway stations and highways turned into battleground in many states on Friday amid burgeoning protests against Agnipath, the contentious defence recruitment scheme.
'"Who you know" does not help in scoring runs or taking wickets in front of hundreds of millions of fans, which alone determines your selection to play for your team.'
The agrarian crisis must be met with similarly speedy responses.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
'No finance minister has the capacity to put the economy in an ICCU just like no finance minister has the capacity to take it for 10% growth!'
Mumbai is expected to see the fastest rise in UHNWIs followed by Delhi.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
If India is to urbanise successfully, it has to focus on Tier 2 cities with a population of one-five million, observes T N Ninan.
Singh said he had worked as prime minister for 10 years and had always preferred that his work should speak for itself.
The message for 2024 is that the man on the street is not going to be euphoric if the G-20 crowns Modi as king-emperor for 2023, or if India sends its first man to space just ahead of the Lok Sabha polls. Even a 'temple consecration' in Ayodhya, or a Uniform Civil Code, or both of them together, may not have enough electoral purchase if fuel and commodity prices are not rolled back, and money-in-the-pocket does not fatten, points out N Sathiya Moorthy.
"Excellent meeting with Nobel Laureate Abhijit Banerjee. His passion towards human empowerment is clearly visible. We had a healthy and extensive interaction on various subjects. India is proud of his accomplishments. Wishing him the very best for his future endeavours," Modi said in a tweet, sharing a picture of their meeting at his official residence.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
New business received by Indian manufacturers expanded at the fastest pace since February.
The wholesale price index's annual rise compared with a 7 per cent jump forecast by economists in a Reuters poll.
Rajeev Srinivasan on how Indians are satisfied with illusions, not reality.
It is a difficult problem and will require the Union, state governments and civil society, meaning NGOs, to work together, points out Aakar Patel.
As far as Hindus are concerned, the eclipse of Wokeism cannot come any sooner, says Rajeev Srinivasan.
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
All of India welcomes the Light Combat Helicopter into the Armed Forces arsenal and wishes it a safe tenure and happy shooting. May it rule the skies and ensure that the enemies are given a fitting reply when the need arises.
Monsoon in August was almost 24 per cent below normal, which was the sixth driest August since 1901. It came on the back of a 7-per cent monsoon shortfall in July.
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
As some BJP pollsters concede, the Modi leadership's sweeping success in elections 2019, especially across central India, owed not to Hindutva ideology, but to welfare schemes, all of them borrowed from Tamil Nadu, reveals N Sathiya Moorthy.
'India's output contraction in the previous year was among the worst in the world!'
'I can't help it if people don't love the minorities, the Dalits and Adivasis; they are as much of this country as any other Indian.' 'If I love them, it does not mean I do not love my country.' 'It is ironic and funny that they have laid such severe anti-national charges against me.'
A recent study shows that more than 100 million people are excluded from the public distribution system because the central government insists on using 2011 population figures to calculate state-wise PDS coverage, which effectively leaves out 100 million people, reports Sanjeeb Mukherjee.
The Planning Commission has not been central to the policy making process since the mid-1960s, says Nitin Desai.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
World Bank's wrongful depiction of Indian territories as part of Pakistan and China in a map has prompted an Indian lawmaker to lodge a strong protest.
Fresh investments are constrained by tepid demand.
The implication of a slowdown in the financial services sector are very different (eg, likely to affect fewer people directly, and even that affecting those at the top of the income distribution) from that of a slowdown in construction, one of the most employment intensive sectors in the Indian economy (that will affect aggregate demand much more).'
Ahead of India's annual budget presentation next week, IMF's chief economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI on Tuesday. "And you want to revisit it and see how effectively that is working and see whether additional support may need to be provided," she said while responding to a question on her recommendations to Finance Minister Nirmala Sitharaman, ahead of her presentation of the annual Union Budget on February 1. It would be a good time for banks and Non-Banking Financial Companies (NBFCs) to raise capital given the attractiveness of financing conditions at this point, she said.
A day after the Congress brainstormed over its electoral reverses, senior leader M Veerappa Moily on Monday said Sonia Gandhi should take "full control" of the party with a free hand to change non-performing leaders, and asserted that a "mere culture of tweets and social media propaganda" would not take the organisation forward.
.jpg)
New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
It would be larger than even in the pandemic year of 2020-2021, notes Mahesh Vyas.
S&P Global Ratings on Tuesday raised India's growth projection for the current fiscal to -7.7 per cent from -9 per cent estimated earlier on rising demand and falling COVID infection rates. "Rising demand and falling infection rates have tempered our expectation of COVID's hit on the Indian economy. S&P Global Ratings has revised real GDP growth to negative 7.7 per cent for the year ending March 2021, from negative 9 per cent previously," S&P said in a statement. The US-based rating agency said its revision in growth forecast reflects a faster-than-expected recovery in the quarter through September. For the next fiscal, it projected India's growth to rebound to 10 per cent.
The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday. Known for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic. Generally, a K-shaped recovery will reflect a situation where technology and large capital firms recover at a far faster rate than small businesses and industries that have been significantly impacted by the pandemic.
While some visible signs of recovery have emerged, Modi has not announced any sweeping market reforms, with critics saying he has scored high on oratory but low on delivery of his election campaign promises.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Credit growth has slowed down from around 32 per cent (year-on-year) in July 2006 to around 23 per cent in August. Anecdotal evidence suggests that much of the deceleration in growth has come on the back of softer retail credit off-take.
