It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
A day before taking charge, Finance Minister Pranab Mukherjee on Sunday met senior officials of the ministry to discuss issues related to the economy.
Monetary policies worldwide has to deal with issues like controlling inflation, promoting growth and financial stability.
Dr Cabbie never takes itself too seriously, says Joginder Tuteja.
Kaushik Basu, the C Marks Professor of International Studies, professor of economics, and director of the Center for Analytic Economics at Cornell, has been asked informally if he would consider becoming Chief Economic Advisor (CEA), a post that will fall vacant after Arvind Virmani ends his tenure and leaves to join the International Monetary Fund at the end of the month.
The second phase of reforms was expected to address areas like extending 'national treatment' to foreign banks, which means that foreign banks would be treated on a par with Indian ones under the World Trade Organisation agreement. Other items that are to be considered include permitting listing foreign banks' wholly-owned subsidiaries in India and the acquisition of sound Indian banks by foreign banks.
India's wholesale price index, the inflation measure most widely followed by policy-makers and investors, does not need another revision after the release of the final number eight weeks after the provisional numbers, as more than three-fourths data are collected by then, Pronab Sen, chief statistician, Ministry of Statistics has said.
Given the monetary steps taken, I am hopeful we will be back to normal inflation, that is 5-6 per cent, within 12 months.
Akshay Kumar will play a brave Sikh in the 1914 Komagata Maru ship tradegy.
The country's economy is expected to grow by around 6 per cent in the current fiscal, even in the worst-case scenario of global recession prevailing till March 2010, according to Arvind Virmani, chief economic adviser in the Ministry of Finance.
Putting forward the government's view on the high level of fiscal deficit, Arvind Virmani, chief economic adviser in the finance ministry, claims the 6 per cent deficit is reversible.
The inflation which hit a high of 13 per cent in August following spike in prices of petroleum products in the international market, has been on the decline since the outbreak of the global financial crisis in mid-September last year.
India should continue with the pending reforms in many sectors to get the economy back on track and take it to a high growth rate, says Arvind Virmani, chief economic advisor to the government, in an interview with Business Standard
The government is expected to announce the second stimulus package in the next three days.
As far as the overall investment in the economy is concerned, there does not seem to be much difficulty this year but concerns are there that new projects may not be started from the next fiscal. The Reserve Bank is expected to signal cut in interest rates by banks on Saturday. It is expected to slash both short term rates, repo and reverse repo, at which it gives and borrows money from banks in exchange of government securities.
Inflation in India drastically fell to a new 20-year low of 0.27 per cent for the week ended March 14, from 0.44 per cent in the previous week, as food and fuel items turned cheaper, prompting analysts to say that rate of price rise would soon turn negative.
in some sense, it is much worse as the current rise was preceded by an increase in commodity prices
According to the GDP data, the Indian economy recorded a growth rate of 7.8 per cent during the first half of 2008-09, down from 9.3 per cent during the corresponding period last fiscal.
Isabelle Kaif joins the ranks of Kareena Kapoor and Shraddha Kapoor!
FM P Chidambaram is expected to address the IMF-WB's spring meeting on April 12 & 13 that is likely to be dominated by the impact of US recession, global inflation & consequent credit crunch leading to global economic slowdown. He is expected to take up India's concerns of rising global food & commodity prices, besides spiraling crude oil prices in the backdrop of domestic inflation, which has touched a 3-year high of 75%. India will take up hike in assistance issue with WB.
India and China will become an integral part of the global power structure by 2015 and will remain in that growth trajectory till 2020 before they leap frog to become a part of the tri-polar world along with the US by 2035, said a reputed economist.
International consultants Hewitt Associates has said it is helping two foreign firms in bidding for PSUs put up for divestment and is engaged in due diligence for four private companies for M&As in financial, IT and commodities sector.
Isabelle Kaif will star opposite Sooraj Pancholi in a film produced by T-Series.
India is slated to become the third largest economy with a share of 14.3 per cent of global economy by 2015 and graduate to become the 'third pole' and growth driver by 2035.
Economic think-tank Indian Council for Research on International Economic Relations has warned that higher economic growth of 7-7.5 per cent annually cannot be achieved in the next five years unless the government accelerates reforms.
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Camel milk is an excellent source of iron and protein when compared to cow milk. It also has high Vitamin B3 and good probiotics. With the variety of nutrients camel milk has, experts feel it should be labelled a superfood.
In a paper, EAC-PM accused Subramanian of "cherry-picking high-frequency indicators" to express his skepticism about the growth rates after 2011-12.
Most economists were of the view that the NSSO should release the data, as any move to withhold it will dent the image of country's statistical system.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
A look at the top tweets from your favourite Bollywood celebrities.
RBI unsure whether to cut rates or not in its next monetary policy.
Third seeds China won the junior girls' title with an upset victory over India 'A', while top seeds India 'A' won the junior boys' crown, in the US $8000 Reliance India Junior and Cadet Open Table Tennis Championships, at the NSCI-Sardar Vallabhbhai Patel stadium in Mumbai on Thursday.
A summary of sports events and sports persons, who made news on Saturday
He is the man behind Blackstone's India strategy
A look at the top tweets from your favourite Bollywood celebrities.
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