Both Obama and Modi have taken bold steps towards laying the groundwork to give a big push to Indo-US trade, and now it's time to execute, says Bikash Mohapatra.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
BSE Realty index zoomed by almost 7% followed by counters like Metal, Oil & Gas, Auto, Banks, Auto, Healthcare and Power, all surging between 1-5%.
Even US equities are now back to end-2014 levels.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
The tall claims that the state administration, particularly Modi's highly charged PR machinery has created to hardsell the state, and in turn Modi himself, are not reinforced by the numbers
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
We are in this mess as the machinery of the government in a market economy is broken. We need technically sound banking regulation, so that capital is not misallocated, and the landscape does not get littered with zombie firms kept alive through evergreening, says Ajay Shah.
A sovereign bond float continued to be among the range of options to address the current account deficit (CAD), Finance Minister P Chidambaram said on Tuesday, even as former Finance Minister Yashwant Sinha asked him to tell Parliament the Centre would not countenance that measure.
With a middle class still so small and no apparent leaps in productivity on the farm or in manufacturing on the horizon, India faces its own age of diminished expectations.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
India, Asia's third-largest economy, is likely to grow 5.3 per cent in 2013, the OECD said, lower than the November forecast of 5.9 per cent.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
China's domestic debt is a major concern.
Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets
The world economy's growth engine is slowing, but not collapsing.
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
Even as the United States snuggles closer to India with the thinly veiled objective of containing China, the Indian strategy is to avoid alienating either nation.
India has a long way to go to catch up with Thailand let alone the US.
Paris attacks took the centre stage at the G20 Summit on Sunday with Prime Minister Narendra Modi calling for a united global effort to combat terrorism as world leaders joined a clarion call to eliminate ISIS network.
'Jin Jiang had invested in Louvre Hotels.' 'Louvre, a couple of months ago, took a majority in Sarovar hotels.' 'So they are coming in now.' 'Look at the Chinese -- two quarters ago they took 25 percent in Hilton.' And then HNA also took majority in Carlson (Radisson).'
Markets in green tracking firm global cues.
Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank's base in Shanghai. If established in Mumbai, it may have employed a few Indian bankers and satisfied the national ego but there was little financial value to be drawn from it.
China's slowing means commodity markets are no longer overheated.
Dreams must be accompanied with a reality check on what they actually imply.
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," he said.
Chinese leaders may well respond to challenges with heightened rhetoric.
The WTO has already significantly lowered its sights since a decade of Doha talks broke down, forcing the body to focus on a much less ambitious set of reforms.
'If a student can't get to school, the school will get to you. Even people with low reading abilities can be taught via videos.' 'Companies and students will be linked to their universities from the beginning and not towards the end of their course.' 'Digitalisation in education will be of enormous impact. Higher education must be closely linked to the demands on the future workforce.'
'If a student can't get to school, the school will get to you. Even people with low reading abilities can be taught via videos.' 'Companies and students will be linked to their universities from the beginning and not towards the end of their course.' 'Digitalisation in education will be of enormous impact. Higher education must be closely linked to the demands on the future workforce.'
Critics have even suggested that India is doing this because it is not prepared to take on the requirements of TFA, with a relatively weak trade infrastructure.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Taking on board India's concerns, the G-20 Summit on Friday acknowledged that excess volatility of financial flows and disorderly movements in exchange rates can affect economic and financial stability of emerging markets and called for sound policies to address it.
Apoorva Giri tells us how she's making a difference through her workshops.
This is the full text of Finance Minister P Chidambaram's speech on economy to Lok Sabha.
India can become a better place to do business only when exports begin to boom.
Without reforms to boost returns for multinational capital, Narendra Modi's 'Make in India' campaign will face testing times.
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