Saturday, 3 December, 2022
TopicBloomberg wire

Topic: Bloomberg wire

After India’s latest GDP revisions, even economists are wondering how credible our data is

The central bank's Department of Economic and Policy Research has flagged considerable volatility in initial estimates of GDP and questioned the veracity of official data.  India’s multiple...

India misses the deadline for issuing tenders to procure submarines & naval helicopters

The development is a setback to PM Modi’s $250-billion military modernisation plan to arm India's defense forces with state-of-the-art military hardware at a time when threats from neighbours China and Pakistan are rising.

Emerging market firms are new darlings of investors as US multinationals fall out of favor

It is highly likely that investors have realised the U.S. market has become very expensive. And, the cash yield offered by S&P 500 companies can no longer keep pace with rising interest rates.

India’s 7% growth tide is not lifting every boat in the stock market’s ocean

The country’s market value may have doubled to $2.3 trillion in five years but company earnings show only few have reaped the growth.

High crude oil prices and risk of fiscal slippage has made India’s bond market nervous

India is struggling to keep international investors interested. An uncharacteristically bold concession from the central bank shows the extent of desperation. The 10-year U.S. bond yield...

Modi mapping invisible jobs to help measure India’s real growth

For the first time, the government's labour survey will include the country's vast informal sector, but not everyone is convinced it'll signal creation of new jobs.

India’s economy will not work until its women do

Sri Lanka, Bangladesh and Nepal all doing better in harnessing women’s economic output than India which is second only to Pakistan.

High oil prices and a weak rupee indicate that the RBI may change interest rates soon

The rupee is Asia’s worst performing currency this year, and it will be further affected by higher global crude oil prices. The central bank may need to act early to maintain macro-economic stability.

Why spotting the elusive snow leopard in Ladakh is like peekaboo with a ghost

The incredibly rare snow leopards of Ladakh are thankfully off the endangered species list since last year. The increase in their numbers is drawing...

Relax, India. There’s a bigger China bet than Pakistan

Even though China has pledged the largest sum to Pakistan for CPEC, Malaysia has quietly raced ahead of the pack in securing Chinese money for infrastructure projects. 

On Camera

YourTurn

File photo of Kerala Governor Arif Mohammed Khan | ANI

Arif Mohammad Khan vs Kerala govt isn’t a new faceoff. Old cases show Governor wears two hats

Under UGC provisions, a search committee is appointed to find suitable candidates for the V-C post. Governors make their selection from among these names.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.