As reports of political parties swiftly switching loyalties -- to quench their thirst for power -- swirl over Maharashtra, Rediff.com speaks to different players involved in the game of thrones.
With this India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China's 6 per cent.
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
The free food scheme is driven by electoral considerations, but its long-term fiscal risks outweigh the short-term gains, cautions A K Bhattacharya.
At the invitation of Prime Minister Narendra Modi, President Xi Jinping and PM Shehbaz Sharif will attend via video conference, the 23rd meeting of the Council of Heads meeting of the SCO on July 4.
Investors remained on the sidelines amid doubts whether the B S Yeddyurappa government in Karnataka will be able to prove its majority in the house on Saturday, brokers said.
The discussions are mostly one-on-one, party insiders said on Thursday, a day of many meetings.
Even as our tier-2 and tier-3 cities become increasingly well-mapped, and well-documented through myriad tech-driven data, the Indian film-maker's dominantly urban gaze turns to regions not crowded by data, area codes, or directions, observes Debarghya Sanyal.
Political parties are taking their own time to forge a post-poll alliance in the wake of a fractured verdict in elections to the municipal corporation in Pune as the civic body's current term ends in early March.
"The governor has returned to Ranchi...so far he has not issued any order," an official source in Raj Bhavan said.
>All old signposts have been uprooted and milestones bulldozed. New ones have yet to emerge. The old order stands degraded in the new landscape whose contours are indistinct, observes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
There was broad-based rally with participation across sectors creating enormous wealth for investors but starting 2018, the rally got concentrated into select large-cap companies with under performance in broader markets.
In the Sensex pack, Bharti Airtel was the top performer, surging 4.61%. Other gainers included ICICI Bank, IndusInd Bank, L&T, Sun Pharma, RIL, HDFC duo, Tata Motors and M&M -- climbing up to 3.69%.
'I want to ask Modiji is the support price announced by him good enough to make a farmer's sons to start farming in their villages?' 'Can he swear by Bharat Mata and say that is true?'
The fragmentation of politics and the pressures of coalition management have contributed to a near-secular rise in budgetary social expenditures and spending on subsidies since 1991, leaving little fiscal space for government-led capital investment.
The former J-K CM said the general perception about the delay in government formation was that it is being done to salvage some bare minimum credibility for the PDP.
'We don't have a plan for the crisis at all. The uncertainty will continue.'
Will he, will he not? That is the question on every Congress leader's mind as Rahul Gandhi has still not indicated whether he is ready to take on the mantle of party president.
Experts say foreign investor sentiment was bolstered by the US Federal Reserve's decision to go slow with interest rate hikes and hopes of political stability.
The broader NSE Nifty, after shuttling between 10,649.25 and 10,782.30 points, finally settled 90.50 points, or 0.84 per cent lower at 10,663.50.
Mutual funds' average cash holdings in equity schemes topped 6 per cent in February as fund managers went slow on deployment of new inflows on expectations of better buying opportunities amid uncertainties in the market.
An Egyptian court on Monday sentenced Muslim Brotherhood chief Mohamed Badie and his 682 supporters to death, a move that could raise tension in the country, which has been gripped by turmoil since the ouster of Islamist president Mohammed Morsi last year.
India's economy is likely to grow in the range of 4.5 to 5 per cent during the second half of the current fiscal, a CII survey said.
As of now, Azad couldn't be in the BJP leadership's calculus. The BJP has been trying to drill into the J&K electorate that this time around the UT would most certainly have a Hindu chief minister, explains Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
The ruling MLAs took part in the meeting called by Soren with their luggage before leaving for unknown destination.
'The last thing he would want is new tensions with India.'
Mehbooba also became the second Muslim woman to become the chief minister of any state in India.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
Reiterating the Shiv Sena's demand for sharing the chief minister's post, Raut said the state's CM will be from the Uddhav Thackeray-led party only.
'Individuals who have participated in violence and arson should be identified and not be recruited.'
He regretted that whatever measures governments in the state and Centre should be taking for normalisation of situation were being taken by the opposition parties.
China is expanding its nuclear force and is likely to have a stockpile of about 1,500 warheads by 2035, up from the current estimated number of 400, the Pentagon has said in a report that notes that Beijing aims to expand its national power through both domestic and foreign policy initiatives.
A court in Egypt on Monday sentenced to death 529 supporters of ousted Islamist President Mohammed Morsi on charges of killing a policeman and attacks on people and property, in one of the country's largest mass trials.
The move comes as the intra-party feud reached climax in the ruling NCP which has been witnessing months long tussle between two factions, one led by 68-year-old Oli and Party's chairman and another led by 66-year-old 'Prachanda', also the executive chair of the party and former premier.
The PDP has 28 MLAs, followed by NC's 15 and the Congress's 12. The three parties together will have majority in the 87-member House. The Bharatiya Janata Party is the second largest party in the state with 25 members.
Thackeray held talks with Thorat, former state chief minister Ashok Chavan and senior Congress leader Manikrao Thakare at a suburban hotel.
Only 68 MPs voted in favour of the motion, it said, giving the 72-year-old President a comfortable victory.
Dealmakers and advisors feel investors are shifting their focus to Asia Pacific, especially India, owing to geopolitical instability driven by events such as Brexit and protectionist trade wars.
The tussle for power between Chhattisgarh Chief Minister Bhupesh Baghel and health minister TS Singh Deo appears to have quietened at the top, but the feud is very much visible at the lower level in the ruling Congress.
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