'Modi has presided over an ultra-nationalism that has stunted India's growth, been unable to change the country's external situation, brought foreign intervention into Indian affairs,' explains Aakar Patel.
Around 700 migrant workers, women and children have lost their lives in this reverse migration. But what is happening today with the migrant labour is only a continuation of the policies pursued by the Modi regime during the last six years. It is not for nothing that India was ranked the most dangerous country in the world for women in 2018 by the Thompson Reuters Foundation poll, points out Rashme Sehgal.
Though this is part of the divestment drive, government's stake in these companies remains 100 per cent even after the buybacks
Failure to sell Air India, IDBI may have prompted a change in strategy.
The present turmoil in Air India has thrown up many alternatives including privatisation. Memories are short. Recalling the past may be relevant.
Liquidity issues post the crisis at DHFL, progress of monsoon, rupee trajectory at the domestic level and oil prices are some factors that will keep markets choppy, analysts say.
Author-turned-activist Arundhati Roy on Friday spoke at a convention against corruption organised by Coalition of Democratic Movements in New Delhi. Here's the full text of her speech:
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
'Unless we get the health and economic situations right at the same time, we will not recover.'
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
Analysts were expecting the government to propose higher capital infusion for banks.
'In the end, investing is about people.' 'If you get the right people, they make things happen,' Mengistu Alemayehu tells Shyamal Majumdar.
Murali Kamma misses receiving Diwali cards.
Heavy Industries Minister Praful Patel said Scooters India could be considered for complete privatisation
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
'Our thrust would be on basic facilities first like sanitation'.
India-US relations appear to be increasingly privatised, with little strategic content in it. The hopes raised during the Bush era and the momentum indicated during the Obama visit seem to fade away, at least for the time being.
