"We have a commitment before the people of Karnataka. Parliament elections are ahead. So, I have to bow to the AICC president and the Gandhi family. In the larger interest of the party (I have agreed to the formula) and why not, because sometimes the ice should break. Ultimately, there is a responsibility towards what we have a commitment to the people of Karnataka and we have to deliver," he said.
It is speculated that Scindia, known to be very close to Congress leader Rahul Gandhi, met the legislators in a bid to feel their pulses in the wake of developments in Karnataka and Goa.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
Foreign portfolio investors' (FPIs') net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said. FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL). Market participants said that the majority of the inflows were channelled through corporate bonds.
India appears poised to sustain its growth in a more durable way than before with the economy carrying the momentum from FY23 into the current fiscal year, the Annual Economic Review for 2022-23 released by the finance ministry on Thursday said. However, the report cautioned that escalation of geopolitical stress, enhanced volatility in global financial systems, sharp price correction in global stock markets, a high magnitude of El-Nino impact, and modest trade activity and FDI inflows, are factors that could constrain the pace of growth. "Should these developments deepen and dampen growth in the subsequent quarters, the external sector may challenge India's growth outlook for FY24," the finance ministry said.
Thackeray also took a dig at governor Bhagat Singh Koshyari over imposition of the President's Rule in the state.
The seven-point terms of reference of Sirkrishna committee announced by the central government has plunged Andhra Pradesh into a political uncertainty and pro-Telangana groups have given a call for strike in the region on Saturday.
Against the background of growing political uncertainty, the Centre is planning two Ordinances to fast-track the creation of eight new Indian Institutes of Technology and 16 central universities.
With the Left parties' withdrawal of support from the Manmohan Singh led United Progressive Alliance creating a political uncertainty at the Centre, some leaders have started efforts to woo Telangana Rashtra Samiti president K Chandrasekhara Rao, to secure his support for the beleaguered coalition."I told him clearly that we will extend support to the UPA only if the government announces the formation of Telangana state," Rao told reporters in Hyderabad.
Equating the imposition of the Emergency with dacoity, he said, "Generally, dacoity is carried out around midnight. Similarly, this dacoity of democracy in the country also took place around midnight."
High crude oil prices, widening current account gap and political uncertainty may keep the rupee weak in the near term.
Exceptions were made for ultra-mega power plants, such as the one at Sasan, which the court observed were not under consideration, and for coal blocks attached to the power and steel companies controlled by the central government.
Former Thailand prime minister Thaksin Shinawatra returned to the country on Thursday after 17 months living abroad in self-exile to face corruption charges, adding to the political uncertainty gripping the nation despite the restoration of democracy.
Pakistan Prime Minister Shehbaz Sharif on Thursday chose Lt Gen Asim Munir as the new Army chief to replace incumbent General Qamar Javed Bajwa.
"There is no possibility of extremists coming into the government in Pakistan and therefore taking over the (nuclear) assets...through the political or the democratic system," he said.
Examples of coordinated initiatives.
After sinking 586 points during the day, the 30-share index ended 503.62 points, or 1.29 per cent, lower at 38,593.52. The broader NSE Nifty plunged 148 points, or 1.28 per cent, to 11,440.20.
On the job front, Indian service providers continued to add to their payrolls and the sector witnessed the second-strongest increase in employment since March 2011.
The Pakistan People's Party, heading the coalition, decided to keep the ministerial portfolios, except for Finance, vacant hoping to bring around Nawaz Sharif's party which pulled out its ministers after the deadline for reinstating the judges sacked by President Pervez Musharraf expired on Monday.
August 15, 2023 became for me, an extraordinary Independence Day. I will remember it as the day the country's largest political party -- one that struts around like a colossus and tutors us in apt behaviour -- suddenly looked bankrupt in terms of ideas and had to take out a personal guarantee from the prime minister to underscore its capacity to deliver our future, observes Shyam G Menon.
India's voting pattern in the United Nations with regard to the Israel-Palestine conflict is lately marked by a calibrated distancing from Israel, observes Ambassador M K Bhadrakumar.
Sexual assault of two foreign teenagers and allegations of a cover-up sparked law and order concerns in Goa where terror threat has hit tourist inflow during the peak season this year. However, the state with a history of political uncertainty saw the Congress-led government surviving in office despite two attempts at rebellion within the coalition.
In constitutional democracies the Opposition is legitimate and part of the legislature. To see it as the enemy and to try and get rid of it through convictions and expulsions is not democratic, asserts Aakar Patel.
Up 24.2 per cent in less than 30 days! That's how the BSE Sensex has been behaving. The current run, however, is likely to change.
The Indian economy is slowing, and earnings are at greater risk than most realise.
The Indian American community and US business that had lobbied feverishly for the Indo-US civilian nuclear deal, are euphoric over the recent developments where Prime Minister Manmohan Singh has decided to go ahead with the accord come what may and even in the wake of the Left coalition partners withdrawing their support and leaving the country in a state of political uncertainty.
Andhra Pradesh is entering the year 2011 thoroughly exhausted and shaken by the political instability, uncertainty and onslaught of one calamity after another during the year bygone. And the outlook for the next year does not look good either as the political parties are bracing up for a new round of battle. Sadly, as usual, the people are caught in the middle helplessly.
Setting the tone for his 2024 re-election bid, Prime Minister Narendra Modi on Tuesday called for waging a war against the 'three evils' of corruption, appeasement and dynastic politics, stepped up the OBC outreach with a mega scheme and exuded confidence he would return to address the nation from the Red Fort next year.
The Reserve Bank on Wednesday projected inflation to come down below the upper threshold level of 6 per cent by March quarter of the current fiscal. RBI Governor Shaktikanta Das said the central bank will keep 'Arjuna's eye' (focus) on the evolving inflation dynamics and will remain 'nimble and flexible' to deal with the price situation. Global commodity prices, including crude oil, have undergone some downward correction, but uncertainty continues to surround the near-term outlook in view of the prolonging geo-political hostilities. Moreover, the resurgence in domestic services sector activity could also lead to price increases, especially as firms pass on input costs.
A group of current and retired faculty members at the Indian Institute of Management-Bangalore (IIM-B) has asked leaders of corporate India to "de-fund" the spread of misinformation and hate speech through news channels and social media.
'The senior army leadership has no interest in reconciling with Imran Khan, and no interest in seeing him return to power.'
For the already invested, the road ahead looks rather bumpy. However, when markets offer little to cheer about, for ones who have stayed away for so long, it does offer a whole lot opportunities.
Investors need not worry about short-term volatility. Over the long term, equities offer the best returns. as per a study
Commerce and Industry Minister Kamal Nath has said that a broad political consensus was necessary on the deal. Nath pointed out that it was because of this consensus that economic reforms have continued despite changes in governments and prime ministers. He said that it needs to be looked more as an energy deal rather than nuclear deal. To ease the tight power situation, he said India is looking for clean coal technology as also alternative sources of energy.
Amid high political drama over leadership change in Rajasthan, the Opposition Bharatiya Janata Party on Sunday hinted at imposition of President's rule in the state.
Use the SIP method instead of a 'wait-to-invest' policy.
The overall India PC market grew by 8 per cent year-on-year in terms of unit shipments to a record 2.08 million during the quarter. But it was down compared with 10 per cent in the first quarter (Jan-March).
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances