Mandatory hallmarking of gold would be a positive in making the gold market more organised. Mandatory hallmarking would come into effect from January 15, 2020, with a one-year transition period for trade to sell existing inventories. Experts also expect more policy measures next year to bring in more transparency in terms of gold as an asset class.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
Amid tensions over the South China Sea, China on Wednesday warned the United States not to take "dangerous actions" that threatens its sovereignty and security interest, days after an American destroyer patrolled the disputed area.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
'Only when China treats India as an equal can we consider them real friends.'
'The challenge before the two countries is to turn the peak into a plateau and enter an irreversible phase of cooperation,' notes Ambassador T P Sreenivasan.
'The biggest challenge Swaraj and Sitharaman will face is how far they can take their counterparts Pompeo and Mattis seriously.' 'One just doesn't know how long they will even keep their jobs.' 'They are basically salesmen peddling American wares.' 'Actually, there is nothing like 'American policies' in the Trump era,' says Ambassador M K Bhadrakumar.
'There are reports of political dissent mounting on Xi Jinping's handling of the Wuhan fallout.'
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
'Modi and Xi can solve the India-China border problem in a single sitting by keeping the big picture before them, by sweeping away the cobwebs of the past, and by mustering a statesman-like spirit and a long range vision,' says B S Raghavan, the distinguished civil servant.
India has moved beyond the traditional trappings of non-alignment
Chinese observers believe the Sino-US relationship will be impacted by issues in North Korea, Japan, India, Ukraine and Iran and that conflicts with these 'third parties' will without exception ultimately become conflicts between China and the US, points out former RA&W officer Jayadeva Ranade.
On gold buying occasions such as Akshaya Tritiya, Chiraj Mehta points out, investors are often confronted with the question: Should I make just a token purchase, or should I buy more towards building my allocation in the yellow metal?
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
'What matters is that India's perspective on global issues -- climate change, intellectual property, free trade, trade routes being kept free, digital technology -- are listened to with respect,' says Ambassador B S Prakash.
Trump threatens to impose additional $200 billion in tariffs on China, Beijing vows to retaliate
'We have the geographic advantage, demographic advantage, we have the necessary technical skills.' 'We just have to get all of these together. Then, we can very well compete.'
'Xi's emphasis on enhancing conventional military deterrence capabilities, joint operations and power projection are likely to increase friction points with India as with other nations,' points out China expert Srikanth Kondapalli.
'It seems a wiser decision to pull out at the right moment than regret after joining the pact,' explains Dr Rahul Mishra.
"It is a reflection of the bipartisan support in the US to the relationship with India. It is also a reflection of the value people attach to this relationship," Singh said.
Billed as the most comprehensive dialogue between the world's two largest economies, it will be attended by top officials from both sides, including US Secretary of State John Kerry.
Pence accused the Chinese government of orchestrating an aggressive military, economic and political campaign to expand its influence inside the US and across the world.
Ahead of the G-20 summit in Osaka this week, Xi has reasserted China's role as a global player, points out Dr Rajaram Panda.
While India is pushed to keep a tight lid on its own carbon emissions, slow and low emission reduction by major polluters will cause an acceleration of climate change, says Rajni Bakshi.
We see none of the euphoric build-up customary to India's encounter with US presidents in recent times. This gives Modi wriggle room to work on the much-needed reset of India-US ties.
The prime minister also welcomed convergence of views between India and ASEAN for cooperation in the Indo-Pacific region.
Sanmay Ved, in a post on LinkedIn, had said he chose his award to be donated to the Art of Living's education programme.
The relation between India and China has broad influence on Asia's security and the United States will continue to engage with them to encourage regional stability, the nominee for the Pentagon's top policy post for the Asia-Pacific region said.
India is one of the five countries where instances have been found that trade accounts of diamond business are being used to launder illegal funds to the tune of millions of dollars, according to a report by a global financial crimes combating body.
Modi said India will continue its support to ASEAN for a rules-based security architecture for the region.
Assistant Secretary of State for International Security and Non-Proliferation Thomas Countryman said.
'China's deep involvement in the stability and economic and political success of Pakistan actually produces some elements of congruence with India's core interest in a stable and productive relationship with Pakistan.' 'It is not far-fetched for us to pursue that congruence and with ingenuity work out with China a formula that also satisfies our formal position on PoK,' argues Ambassador Kishan S Rana.
'There were assurances that Jaish-e-Mohammad was being reined in as was the Lashkar-e-Tayiba, but Pakistan's security forces could not risk opening too many dangerous new fronts,' notes former foreign secretary Ambassador Shyam Saran, who has just returned from a visit to Lahore.
Clinton slammed Trump for his alleged rhetoric on nuclear weapons.
'Clearly, the warming of ties can be a 'win-win' for India and China,' says Ambassador M K Bhadrakumar.
"Wife diplomacy", which has become focus of China's new leadership, would come into full play in India on Wednesday when Chinese Xi Jinping arrives in Ahemdabad along with his singer wife Peng Liyuan, who has become a fashion icon here.
India is poorer than the world average and so naturally has a greater percentage of poor people and a lower percentage of rich people. Yet using absolute numbers, India has more of almost everything, which is misleading, says Debraj Ray and Maitreesh Ghatak.
Prime Minister Narendra Modi on Friday said his government has carried out major reforms -- including labour reforms and reforms in insurance and defence sectors -- 'in less than 100 days' and stopped reversals Indian economy had been facing.
'If Islamic extremists regain power in Afghanistan, Pakistan will lead them to Kashmir as a fighting arena again. India needs to fortify Kashmir and prepare against these Islamic extremists before they come again.'
