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How does India's recent stimulus package compare with other countries? (Opinion)
Over the last week, the only issue under discussion in Indian business circles is about how much more Government of India could have done for reviving the economy which has stalled due to Covid-19. Indian Prime Minister announced the size of the stimulus package as Rs 20 lakh crore ? close to 10 per cent of the Indian GDP on May 12, 2020. The figure of Rs 20 lakh crore is also very similar to the entire tax receipts of the central government for FY 2020-21, if the year did not have Covid-19 related problems. Subsequently, India's Finance Minister provided details of the stimulus package over 5 days. The stimulus package is a mix of fiscal support, monetary support, ease of doing business processes, as well as some fundamental reforms.
Category: India, Delhi,National,Opinion/Commentary
Negative bias in markets to continue
Markets continued their volatile way and lost on four of the five trading sessions last week. BSESENSEX lost 544.97 points or 1.72% to close at 31,097.73 points while NIFTY lost 114.65 points or 1.24% to close at 9,136.85 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.99%, 0.75% and 0.68% respectively. BSEMIDCAP gained 0.68% while BSESMALLCAP gained 0.47%.
Category: India, New Delhi,National,Opinion/Commentary
Is it time for big changes (Dealing with the Dragon - I)
In his recent book, "Has China Won" published in March 2020, and in the many earlier books, Kishore Mahbubani has stated "US has blundered into geopolitical contest with China". Many other authors like Martin Jacques and Freidman also talk of the situation of Chinese domination, but the future is dependent on their performance.
Category: India, New Delhi,National,Opinion/Commentary
Indian cricket's dream One Day XI (Column: Close-in)
A few days ago, during a panel discussion on selecting the best Indian ODI side at a webinar, my thoughts went towards thinking about Indias one-day cricket. The first international recognised match one is familiar which took place between England and Australia in Melbourne in 1971 and the first World Cup in 1975 in England.
Category: India, New Delhi,Sports,Cricket,Opinion/Commentary
Are Internet platforms adversely affecting children in India (Comment)
With the extensive proliferation of online content, free wi-fi across many locations, dirt-cheap data plans on mobile, broadband and fibre optic networks, watching online content has become the most comfortable pastime with a massive reach across youth and millennials in urban and rural areas. Many web-series and online materials are blatantly displaying nudity, violence, obscene language, has children and growing adolescents in real or simulated sex, offends religious sentiments, and promotes and encourages terrorism. Parents, in many cases, have no idea about the content being watched by their children.
Category: India, Delhi,National,Opinion/Commentary
Corona fallout -- utilise the precious resource called time (Column: Spy's Eye)
Advent of the Age of Information, attributed to the success of the IT revolution, was defined by an instant connectivity across geographical boundaries that created a new kind of economic globalisation where business would be conducted with unprecedented speed. The new 'knowledge economy therefore, mandated that all relevant information needed for decision-making had to be quickly accessed and acted upon for achieving a competitive advantage.
Category: India, New Delhi,National,Opinion/Commentary
Hats off to the 11 gems of Indian Test bowling (Column: Close-in)
In cricket, batsmen are the ones who are mostly looked at as superstars. The bowlers are appreciated and recognised for their feats, but in the end, it is the batsman who hogs the show when the pages are turned many years later.
Category: International, Hong Kong,Sports,Cricket,Opinion/Commentary
Lockdown should be extended for the whole month of Ramzan (Opinion)
Firoz Bakht Ahmed, Chancellor, MANUU (Maulana Azad National Urdu University, Hyderabad), has written a letter to the Prime Minister requesting him not to lift the lockdown on May 3. He fears that in the wake of the Ramzan month of fasting there is possibility of the spread of the coronavirus extremely fast.
Category: India, Delhi,National,Opinion/Commentary
After spectacular rally use correction to re-enter (Market Watch)
The week at the markets consisted of a mere three days as there were religious holidays on Monday and Friday. It was a great time at the bourses as they registered big gains and improved the sentiment. BSE SENSEX gained 3,568.87 points or 12.94 per cent to close at 31,159.62 points while NIFTY gained 1,028.10 points or 12.72 per cent to close at 9,111.90 points. The broader markets saw BSE100, BSE200 and BSE500 gain 12.73 per cent, 12.41 per cent and 12.14 per cent respectively. BSE MIDCAP was up 11.31 per cent while BSE SMALLCAP was up 9.40 per cent.
Category: India, New Delhi,National,Opinion/Commentary
Sanders drops out of Democrats' presidential nomination race
New York, April 8 (IANS) The socialist contender for the Democratic Party's presidential nomination, Senator Bernie Sanders, has dropped out of the race paving the way for former Vice President Joe Biden to become the party's unchallenged candidate to take on President Donald Trump in November.
Category: International, United States,Opinion/Commentary
Two catalysts which have changed India and US for good (Comment)
What will the world look like after the coronavirus induced shut down? I am not in possession of a crystal ball for global survey but I can activate my intuition on the basis of two stories I have covered. I was in the US for the 2016 Presidential elections and I have followed the 2020 drama within the Democratic Party. In both the campaigns Democrats have been in convulsions not to select a nominee but to keep out the one they do not want -- Bernie Sanders. And now they are all mimicking the Sanders platform. The coronavirus has brought out in bold relief, the idea of Bernie Sanders as the panacea for the general distress. The platform the senator from Vermont stood on was total anathema to the great American establishment, its soul torn between Mammon and Joe McCarthy. The pandemic has brought the powerful establishment to its knees. People now matter and democracy begins to look like one. Neither the Democrats nor the Republicans will ever mention Sanders by name. That would be like eating crow. But they are all furtively lifting the Sanders manifesto. The idea of Sanders in todays context is larger than the possible nomination of Joe Biden.
Category: International, United States,National,Opinion/Commentary
Striking a fine balance is the key to success (Column: Spy's Eye)
The unprecedented and unfamiliar 'life and deat' crisis that the corona pandemic has created in the perception of the people at large in India, is throwing up a new challenge of dealing with mass anxiety that seemed to be growing in this long haul. Since it is the 'fear of the unknown that had the most unsettling effect on any ones sanity, dissemination of right information about the character and pattern of spread of the virus has to be kept up through news bulletins, government hand outs and interviews in credible media at this point of time. Circulation of unauthentic warnings and scare stories on social media has become a malaise and informed citizens should stop forwarding these messages.
Category: India, New Delhi,National,Opinion/Commentary
277 evacuees from Iran are coronavirus negative (2nd Lead)
Jaipur, March 25 (IANS) All the 277 evaccues who arrived in India from COVID-19 hit Iran on Wednesday are coronavirus negative, said additional chief secretary of Rajasthan Rohit Kumar Singh.
Category: India, Rajasthan,National,Opinion/Commentary
Evolution from a good Muslim to a bad one: Really? (Comment)
In Nandita Das' film, Manto, the great story writer, who loved Bombay beyond distraction, finds himself under pressure from family, in the midst of the post Partition carnage, to leave for Lahore. Shyam, film star and friend remarks, "You are not such a Muslim that you have to leave for Pakistan."
Category: India, New Delhi,National,Opinion/Commentary
Is global recession likely in 2020? (Comment)
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. However, the National Bureau of Economic Research (NBER), defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. As restaurants, airlines, shops, factories are all shut down around the globe, we could be staring at a global recession very soon.
Category: India, Delhi,National,Opinion/Commentary
All business is human activity (Column: Spy's Eye)
Just as there is no leadership without followers there would be no business if it did not have customers. Business is a venture of the people, by the people and for the people. It is not surprising that business management involves leadership, adoption of 'smart' processes, ability to understand and handle human interactions, study of how national entities -- which are human -- behaved in a globalised world and a realisation that knowledge had become the new determinant of competitive success for human beings. Profit and loss is the outcome of this complex mix -- it is no more a matter of easy presumption that investors could make about the return on their investment.
Category: India, Delhi,National,Opinion/Commentary
Markets have bottomed but aftershocks to continue (Column: Market Watch)
Markets went crazy on Friday the 13th and we had a reversal which is unparalleled in recent times. The benchmark indices hit the lower circuit of 10 per cent and on reopening, they fell further briefly before they recovered not only the losses of 10 per cent of the morning but closed in positive territory by about 4 per cent. Such volatility is sure to increase the health bills of many a senior citizen.
Category: India, Kerala,National,Opinion/Commentary
Why rapes will not stop in India despite the forthcoming four hangings (Comment)
Four hangings as splints for a fracturing land. In caste-inequity normative India -- where mythology is becoming history, politically-inconvenient histories being pathologized, "anti-national" students baton-whipped, minorities being demonized, rights selectively denied: all, viscerally-approved by majoritarianism -- its as if these hangings will provide catharsis.
Category: India, New Delhi,National,Opinion/Commentary
'Namaste' is both preventive, curative in case of COVID-19
With the havoc of coronavirus, a contagious disease all around, people in common seem to be scared of it. They have a strong reason to be concerned for want of no sure cure. However, we can't keep our fingers crossed saying that what can't be cured must be endured. Rather, we need to realise the adage ? an ounce of prevention is worth a pound of cure.
Category: India, New Delhi,National,Opinion/Commentary
After capitulation & covid-19 effect, expect recovery in week ahead (Market Watch)
The week gone by saw the markets under a lot of pressure and they capitulated on Friday in the last hour. There was fear in the markets with coronavirus (covid-19) written all over. The situation was no different globally. Every market saw prices reacting sharply.
Category: International, Thailand,National,Opinion/Commentary
Disarray in Democratic ranks: Has Modi picked two term Trump? (Comment)
A tantalizing tweet or two can change the atmospherics, otherwise Narendra Modi may well be hosting a two-term Trump in Ahmedabad. The race for the Democratic nomination to fight Trump is a melee at this stage which could help enhance Modis reputation as a gambler. It must be remembered, of course, there are nine months left for American elections. Much can change.
Category: India, New Delhi,National,Opinion/Commentary
After recovery, markets to consolidate this week (Market Watch)
The week gone by saw a sharp recovery in the markets coupled with fresh buying and some short covering as well. The fact that global markets were strong as well helped in the sentiment and strong recovery. Markets gained on the first four days of the week and there was profit taking on Friday. The usual week end profit taking phenomenon. The BSESENSEX gained 1.406.32 points or 3.54 per cent to close at 41,161.85 points while NIFTY gained 436.50 points or 3.74 per cent to close at 12,098.35 points. the broader markets saw BSE100, BSE200 and BSE500 gain 4.06 per cent, 4.014 per cent and 4.05 per cent respectively. BSEMIDCAP was up 519 per cent while BSESMALLCAP was up 3.46 per cent. With these gains, market has not only covered budget day losses but much more and recovered more than half of the previous weeks losses as well.
Category: India, New Delhi,National,Opinion/Commentary
Removal of DDT & its financial impact (Opinion)
Earlier effective Dividend Distribution Tax (DDT)was 16.995 per cent on the dividend declared. The tax was then grossed up in Budget 2014 and the current effective DDT rate was 20.56 per cent on the dividend declared. Further resident (non-corporate) shareholders were liable for an additional tax at 10 per cent (plus applicable surcharge and cess) on dividend exceeding Rs 10 lakh. The effective tax rate for Individuals falling in highest tax slabs was 14.248 per cent.
Category: India, Punjab,Business/Economy,Opinion/Commentary
Frugal domestic cricket foundation could be cause for concern (Column)
Indian cricket's premier domestic tournament, the Ranji Trophy -- in its newly formed avtar last year -- is on its second leg this year. With 38 teams in the fray, Indian cricket has truly reached the length and breadth of the country. The Lodha committee recommendation, in involving the north-eastern states along with a few others awaiting recognition, has played a major part in this effort.
Category: India, New Delhi,Sports,Cricket,Opinion/Commentary
Frugal domestic cricket foundation could be cause for concern
Indian cricket's premier domestic tournament, the Ranji Trophy -- in its newly formed avtar last year -- is on its second leg this year. With 38 teams in the fray, Indian cricket has truly reached the length and breadth of the country. The Lodha committee recommendation, in involving the north-eastern states along with a few others awaiting recognition, has played a major part in this effort.
Category: India, New Delhi,National,Opinion/Commentary,Sports
JLo invited to Washington by Ruth Bader Ginsburg
Washington, Jan 5 (IANS) Singer-actress Jennifer Lopez has been invited to Washington, D.C. by US Supreme Court Justice Ruth Bader Ginsburg.
Category: International, United States,Cinema/Showbiz,Opinion/Commentary,Hollywood
Indian cricket in 2019 - A moment to remember (Column: Close-in)
Captain Virat Kohli's final statement on Indian cricket at the end of the year was so true. He said, "2019 is one of India's best years in cricket barring those 30 minutes at the World Cup." If one reflects on the performance of Indian cricket in 2019 which started with a bang by beating Australia in a Test match series, for the first time, in Australia. This truly remarkable achievement by the Indian side not only gave it that much needed boost to their morale and confidence but also established them as the best Test side in the world.
Category: India, New Delhi,National,Opinion/Commentary
Markets may consolidate in Expiry week (Market Watch)
The week began on a positive note with the indices making new lifetime highs and doing so on every day of the week. The BSESENSEX gained 671.83 points or 1.64 per cent to close at 41,681.54 points while NIFTY gained 185.10 points or 1.53 per cent to close at 12,271.80 points. The broader indices saw BSE100, BSE200 and BSE500 gain 1.46, 1.31 and 1.25 per cent, respectively. BSEMIDCAP was up 0.04 per cent while BSESMALLCAP was up 0.44 per cent.
Category: India, New Delhi,National,Opinion/Commentary
Trade cautiously in volatile market (Market Watch)
Markets continued their choppy movement but kept the momentum intact. While the final outcome of the week could be termed as flat or neutral, the upward move and making new highs continued. BSESENSEX gained 2.72 points or 0.01 per cent to close at 40,359.41 points. It made a new high of 40,816.38 points during the week. NIFTY gained 18.95 points or 0.16 per cent to close at 11,914.40 points. The intraweek high on NIFTY was 12038.60 points.
Category: India, Delhi,Business/Economy,Opinion/Commentary
Software is eating trade, digital platforms replacing agreements
Since India rejected RCEP (Regional Comprehensive Economic Partnership) with ASEAN and six other countries, most commentators have focused on reasons for exit. The government has reiterated that it was a decision in the interest of the country. Impact on farmers due to agri-imports impact is one of the dominant reason. There are more powerful forces at play shaping the structure of global trade that India needs to account for in any trade negotiation going forward.
Category: India, New Delhi,National,Opinion/Commentary
Growing the Indian economy would need bold reforms (Comment)
Before returning to New Delhi recently after attending the annual IMF-World fall meeting, Finance Minister Nirmala Sitharaman provided an upbeat perspective on the Indian economy. She asserted that its fundamentals are strong and attributed the majority of the problems ailing the Indian economy to a global slowdown. In the same time period, the World Bank announced that India had jumped 14 spots from 77th to 63rd on its Ease of Doing Business ranking. Together, these indicators might suggest that it should be plain sailing for strong growth of the Indian economy going forward.
Category: India, New Delhi,National,Opinion/Commentary
Many uses of al-Baghdadi: Why did they kill him? (Comment)
In these dark days when terrorism has become a strategic asset, to bump off a superior practitioner like Abu Bakr al-Baghdadi has implications. Had he begun to serve the interests not of his original handlers but, possibly, their rivals? Has he been eliminated at all? Does his disappearance leave unprotected those oil wells, which his gang or his patrons profited from? Is the drama in murky light, a bait to drag President Trump back to the West Asian arena, which he is militarily withdrawing from?
Category: International, Thailand,National,Opinion/Commentary
Samvat 2076 may see plenty of light, change in sentiment (Column: Market Watch)
The week gone by ended with losses. It also brought Hindu calendar year Vikram Samvat 2075 to an end. The Sensex lost 240.32 points or 0.61 per cent to close at 39,058.06, while the Nifty lost 77.95 points or 0.67 per cent to close at 11,583.90.
Category: India, New Delhi,Business/Economy,Opinion/Commentary
Tiger Shroff requests fans to check decibel this Diwali
Mumbai, Oct 26 (IANS) Indians across the globe are in the mood to celebrate Diwali with their family and friends, and Bollywood actor Tiger Shroff has a special message for all fans.
Category: India, Maharashtra,Cinema/Showbiz,Opinion/Commentary,Bollywood
Security is an integral concept (Column: Spy's Eye)
There is no halfway deal in Security. Management of security works on the principle of completeness. You cannot feel satisfied if your house is half secure or if only a part of it is fully secure. The house as an integral unit is either fully secure or is insecure. The framework of security must provide for an ongoing protection of the three assets of the safeguarded entity -- physical, human and information-related. Since security by definition is protection against a 'covert' threat -- from an 'invisible' enemy -- information on that must come in time to allow for preventive action.
Category: India, New Delhi,National,Opinion/Commentary
RPF solves Shatabdi Express snatching case
New Delhi, Oct 20 (IANS) With the arrest of a man, the Railway Protection Force (RPF) claimed to have solved a case of snatching that took place at the New Delhi railway station on September 23.
Category: India, Delhi,National,Opinion/Commentary
Prophet Mohammad at Hudaybiyyah: Lesson for Muslims coping with Ayodhya? (Comment)
Should the Supreme Court verdict enable the building of the Ram Mandir in Ayodhya, Muslim fears about the security of mosques in Kashi and the Idgah in Mathura would appear to have been taken care of by the Places of Worship Act of 1991. The Act spells out that all places of worship "except Ayodhya" will be maintained and respected as they were in 1947. Assurances, however, have value only when there is rule of law which has been a retreating value in recent years. In these circumstances, what is the wise course for the Muslims to adopt when the Ayodhya verdict is delivered before November 17?
Category: India, New Delhi,National,Opinion/Commentary
Sectoral crisis - an introspection of the BFSI sector (Comment)
It has been nearly 13 months since the first sign of markets panicking in the aftermath of IL&FS default and the subsequent hammering down of the BFSI stocks.
Category: International, Spain,National,Opinion/Commentary
US pull back from Syria sows chaos far and wide (Analysis)
New York, Oct 17 (IANS) US President Donald Trump's sudden decision to withdraw troops from Syria has sown a whirlwind of chaos cutting a swath across the Middle East, Europe, NATO and at home in the US.
Category: International, United States,Opinion/Commentary,Politics
India-China equation-post Mamallapuram (Column: Spy's Eye)
The most important takeaway from the informal summit between Prime Minister Modi and President Xi Jinping at Mamallapuram, formerly Mahabalipuram -- the second since Wuhan that happened in April 2018 -- is that the two biggest nations with a deep civilisational legacy could successfully explore the areas of detente and cooperation independently of the third party influences. The scale of welcome accorded to the Chinese President reflected the cultural content of Indian hospitality that would not go unnoticed in terms of the message of willingness to work for mutually beneficial relationship that it put out for the visiting dignitary.
Category: India, New Delhi,National,Opinion/Commentary
What can India learn from China's 70 years of economic growth? (Column)
China celebrated the 70th anniversary of becoming a communist republic with much fanfare. Back in October 1949, when China was adopting the communist model of societal organisation, India was framing its constitution. Less than four months later, India was a democratic republic. The two nations in their current identities were, thus, born out of the ashes of the colonial world around the same time but adopted a contrasting system of economic and social development. After seventy years, the two nations stand at very different levels of development in terms of their economic, military and technological progress. China's prowess on these fronts is incomparable to that of India.
Category: India, New Delhi,National,Opinion/Commentary
Modi's US visit: But is it Mission Accomplished?
Prime Minister Narendra Modi has returned home to India from his six-day visit to the US to reach out to the Indian American community, buttress US-India trade relations, speak in a number of forums, hold meetings with country and business leaders to reassure to encourage and promote investment in India. And do all of this while avoiding or minimizing speaking about Kashmir.
Category: International, United States,National,Opinion/Commentary
Investment elixir: Structures, design and access (Column: Behind Infra Lines)
As the focus continues to be on additional steps to provide further impetus to the Indian economy, the microstructure of the financial markets assumes significance. From a financial market perspective, the focus must now be on "structures, security design, and market access". Mainly, further accelerating capital flow must be the prime objective.
Category: India, New Delhi,National,Opinion/Commentary
Game theoretic approach to India-Pakistan conflict (Column: Active Voice)
The tensions between India and Pakistan refuse to abate. Ties between the two countries are probably at their lowest point in two decades. The deep hostilities today are only overshadowed by the ghosts of the Kargil war in 1999 and the 2001 Parliament attacks. Even the 2008 Mumbai attacks did not bring the relations between the two nations to such a low. This comes riding on a series of events starting from the shocking Pathankot attack (2016), Uri attack (2016), Amarnath Yatra Attack (2017) to the recent Pulwama attack (2019). As a result, the leaders of the two nations have not met since 2015.
Category: International, United States,National,Opinion/Commentary,Diplomacy
Role of Social Progress Index in measuring SDGs
New Delhi, Sep 22 (IANS) In this highly competitive and fast-growing world, every individual wants to achieve new heights. Each country wants to tread on the path of holistic growth in all spheres be it economic, social, or political to surpass the other countries.
Category: India, Delhi,National,Opinion/Commentary
Saudi Arabia looks at post-oil age; ties with India growing in importance (Comment by Saudi ambassador H.E. Saud Bin Mohammed Al-Sati)
This September 23 marks the 89th anniversary of the unification of the Kingdom of Saudi Arabia by King Abdul Aziz bin Abdul Rahman Al Saud. The glorious history of our nation was made by the sacrifices of our founder King and his successors who transformed our great country into a regional leader and global economic power.
Category: International, United States,National,Opinion/Commentary
Week ahead would trade with positive bias (Column: Market Watch)
The week saw markets making some gains and confidence returning. US and China relations too improved, with China taking the first step by agreeing to buy US farm produce and removing the duties that were slapped by them. In reciprocation US deferred the increase in duties that were to happen. All this leads to hope that the US-China trade dispute would get resolved sooner than later.
Category: India, Punjab,Business/Economy,Opinion/Commentary
Indian cricket comes back home (Column: Close-in)
India has over time become the hub and spokesperson for world cricket. The interest, fan following and hype that one encounters at every corner of the country, of matches in India and overseas, is remarkable.
Category: India, Delhi,Sports,Cricket,Opinion/Commentary
Is liberal democracy under threat? (Column: Active Voice)
Every century has its own defining moment. For the nineteenth century, it was the juxtaposition of imperialism with the industrial revolution while for the twentieth century it was the World Wars and the advent of technology. The world in the twenty-first century seems to be at a similar crossroads. After the fall of the Berlin Wall, liberal democracies seemed to be the best form of societal organisation. The trust on the political order was so high that Francis Fukuyama claimed that it is the end of mankind's ideological evolution and the future belongs to liberal democracies.
Category: India, New Delhi,National,Opinion/Commentary
Markets outlook -- equity and debt (Guest Column)
Equity Market Outlook:
Category: India, New Delhi,Business/Economy,Opinion/Commentary