The RBI governor also warned about the rally, citing the disconnect between the markets & the economy as well as expectations bad-loan ratios at lenders will almost double this year.
In episode 605 of #CutTheClutter, Shekhar Gupta parses numbers to highlight how public sector firms and banks lost Rs 6.9 lakh crore in value in 6 years.
Public sector firms and banks’ total market capitalisation was Rs 19.1 lakh crore in May 2014, but by 28 October 2020, they have lost Rs 6.9 lakh crore.
Sensex stayed in the positive territory throughout the session, closing at 37,930.33 and Nifty ended at 11,162.25 — the highest closing for both the benchmarks since 5 March.
Doubts over the fiscal stimulus package, extension of nationwide lockdown till 31 May & spike in Covid-19 cases weighed on investor sentiment, said traders.
Market tried to cut losses in the morning session but failed as selling resumed in consumer durables and banking sectors, keeping benchmarks below Wednesday's levels.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
The National discussion should me more on economy related issues rather than on politics and religion. Politics and religion is a dead horse being flogged leading to frustration among the media.
An eighteen month stay is virtually the end of this edition of agricultural reforms. Tougher ones lie ahead : Raising power tariffs, reducing procurement of wheat and rice, strong curbs on tapping sub soil water. 2. After almost seven years of a certain approach to politics and governance, based on paramountcy, the government might wish to tot up the costs and benefits. A more harmonious outreach to the Opposition in Parliament and the states. Allowing protests, demonstrations, dissent to play out more peacefully. Not using friendly media – is there any other … – and in house social media resources to denigrate others as anti nationals etc etc. 3. If, in a sense, the dialogue with the farmers has not worked out well, this may be a good time for wider introspection.
Fascinating long read in NYT ( column dates to August 2019 ) about how the relationship between Obama and Biden grew and evolved. As a candidate in 2008, Obama knew he lacked governance experience, whereas Joe Biden had a solid track record, especially in foreign policy. I think President Biden, who has surrounded himself with competent, well mannered people, will do a lot of good at home and abroad. It is for India to be an important part of the American scheme of things, by building up its comprehensive national power.
The National discussion should me more on economy related issues rather than on politics and religion. Politics and religion is a dead horse being flogged leading to frustration among the media.
There need not be a villain in every story.
When is Print making an IPO …
An eighteen month stay is virtually the end of this edition of agricultural reforms. Tougher ones lie ahead : Raising power tariffs, reducing procurement of wheat and rice, strong curbs on tapping sub soil water. 2. After almost seven years of a certain approach to politics and governance, based on paramountcy, the government might wish to tot up the costs and benefits. A more harmonious outreach to the Opposition in Parliament and the states. Allowing protests, demonstrations, dissent to play out more peacefully. Not using friendly media – is there any other … – and in house social media resources to denigrate others as anti nationals etc etc. 3. If, in a sense, the dialogue with the farmers has not worked out well, this may be a good time for wider introspection.
Biden, definitely will not be your average Joe.
Fascinating long read in NYT ( column dates to August 2019 ) about how the relationship between Obama and Biden grew and evolved. As a candidate in 2008, Obama knew he lacked governance experience, whereas Joe Biden had a solid track record, especially in foreign policy. I think President Biden, who has surrounded himself with competent, well mannered people, will do a lot of good at home and abroad. It is for India to be an important part of the American scheme of things, by building up its comprehensive national power.