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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
Three positive possibilities to look forward to (Column: Market Watch)
The week gone by had a trading holiday on Monday in India and the US, and began trading on Tuesday on an extremely weak note. The merger of PSU banks probably did not go down well with the markets or they expected more than just this. Either way Tuesday was really weak. The remaining three days saw the market alternating between gains and losses. Come Friday, there were again expectations of yet another press conference and markets gained with BSE SENSEX up 337 points and NIFTY up 96 points.
Category: India, New Delhi,Business/Economy,Opinion/Commentary
The dynamics of India's growth recession (Column: Active Voice)
The crisis brewing within the Indian economy has gained unanimous acceptance by now. Even the latest annual report of the RBI for the fiscal year 2018-19 (or FY19) confirmed that the Indian economy has indeed hit a rough patch. The GDP growth rate of the economy has slipped to 5 per cent in the first quarter of FY20, the lowest in over six years. This is an indication of tougher times ahead. Be it the recent collapse of the automobile sector or the rising number of non-performing assets (NPAs), sluggish consumer demand or failing manufacturing sector; all have a hand in this deceleration of growth rate.
Category: India, New Delhi,National,Opinion/Commentary
Aadhaar linkage with social media is troublesome (Comment)
As a debate rages on over the floating idea of linking Facebook accounts to Aadhaar, it is time we ponder if this is the only option or there are other better solutions that could not just secure the digital and social media lives of citizens but also ensure their privacy and safety.
Category: India, Himachal Pradesh,National,Opinion/Commentary
Markets should see strong upward movement - after a while (Column: Market Watch)
What a dramatic week just went by. It shook the market and then on Friday evening we had the Finance Minister soothing the nerves with balm. The true test would be the week ahead when one sees the response of her announcement from FPI's for whom it was primarily meant. The announcements are not yet over with more to follow in the week ahead and the subsequent week. It appears the housing sector would be a key beneficiary of announcements in the coming week.
Category: India, New Delhi,Business/Economy,Opinion/Commentary
It's time social media authenticated its users (Comment)
On August 20, the Supreme Court of India sought the response of the Centre and social media companies to respond on Facebooks plea to shift cases related to linking social media accounts with Aadhaar from various courts across the country to it. In all likelihood, the apex court will hear a matter that affects the very fabric of democracy of this country. This is a good step as finally the judiciary will address an issue that is becoming difficult for the executive to handle.
Category: India, New Delhi,National,Opinion/Commentary
Kashmir: Will BBC Once Again Lift The Veil Of Secrecy? (Comment)
It is just as well that the BBC has decided to expand its shortwave radio service in Kashmir to beat the communications blackout. This is not the first time the BBC has played this role - and for good reason. Because the supine, mainstream media in L.K. Advanis words crawls when it is asked to bend.
Category: International, United States,National,Opinion/Commentary
Batla House': Facts messed up by fiction (IANS Review; Rating: ** & 1/2)
"Batla House"; Cast: John Abraham, Mrunal Thakur, Ravi Kishen; Direction: Nikkhil Advani; Rating: ** & 1/2 (two and half stars)
Category: International, United Kingdom,Cinema/Showbiz,Bollywood,Opinion/Commentary
'Vidya Sinha was Rajnigandha to fans after her first film'
I am at a loss of words to hear about Vidya Sinhas demise, simply shocked beyond words. Till only the other day, I was watching her on the television show, "Kullfi Kumarr Bajewala". I was felt happy watching her on the show because our association is a really long one. I know her from the days of her first film, "Rajnigandha" (1974). Now, on hearing about her death, I am extremely sad and dont know how to react.
Category: India, Andhra Pradesh,Cinema/Showbiz,Bollywood,Opinion/Commentary
Exposing get rich quick schemes (IANS Interview)
New Delhi, Aug 13 (IANS) Get rich schemes - call them what you may - have siphoned off some Rs 7 lakh crore but no one seems to bat an eyelid, laments Aruna Ravikumar, a three-decade veteran of the print and electronic media, in her new book, tracing their origins to the liberalisation of the economy in 1991.
Category: India, Delhi,National,Opinion/Commentary
Needed: A new mindset in Bollywood (Battling Change-II)
If the Industry has survived (thrived?) so many decades it is because of the influx of fresh capital from new, glamour struck players. Every generation since the beginning of the Indian film Industry has seen a fresh set of
Category: India, New Delhi,National,Opinion/Commentary
(RELEASE NOW) Applied Intelligence (Column: Spy's Eye)
A remarkable transition that is happening on the quiet to push the world from the Information Age to the overpowering Age of Intelligence is felt but not consciously absorbed by the leaders of business and industry including those responsible for Corporate Governance. They are aware that comprehensive information was needed today for successful decision-making in any sphere and that all enterprises therefore had to make an investment on gathering and analysing information that was either available in the open or accessed through channels created with some special effort. The open sources of information broadly include publications, online material, seminars and conferences, public contacts and even trade exhibitions. The advent of the Age of Information gave instant access to any information that was put in the public domain and therefore any competitive advantage a player could derive from it would be incumbent upon the latter's ability to use competent analysis to read into that open information some significance for the future that others had not noted. Analysis thus becomes an instrument of Intelligence generation.
Category: India, New Delhi,National,Opinion/Commentary
Equity Market Outlook: Only silver lining is reasonable valuations (Guest Column)
The overall sentiment, on the domestic front, remained negative throughout the month on account of lower growth and subdued consumer sentiment, credit crunch due to tight liquidity conditions and rising stress especially in NBFCs and lack of any boost measures in the short to medium term.
Category: India, West Bengal,Business/Economy,Opinion/Commentary
Modi removes impediments to Kashmir becoming heaven on earth again (Comment)
Prime Minister Narendra Modi has once again proved that he is head and shoulders above the run-of-the-mill politicians. His decision in respect of Jammu and Kashmir required many exceptional qualities. First and foremost was real insight into and understanding of the complexity involved in the Kashmir problem.
Category: India, New Delhi,National,Opinion/Commentary
Death of 370, birth of hope for Kashmiris
New Delhi, Aug 8 (IANS) The end of Article 370 heralds a new beginning for many Kashmiris, despite the doom and gloom in some quarters over its revocation.
Category: India, Delhi,National,Opinion/Commentary
BCCI shaken but still not stirred (Column: Close-in)
The Indian cricket teams performance is the only redeeming feature of Cricket India. They may have lost honourably in the World Cup and a few series in the past 2 years, but cricket on the field is very much on track. It is the off-the-field administration, politics, mayhem and chaos that has engulfed Indian cricket which is making the game into a spectacle in the eyes of every Indian cricket lover.
Category: India, New Delhi,Sports,Cricket,Opinion/Commentary
Enabling cities as drivers of economic growth (Column: Active Voice)
Economic development always comes with a dash of urbanization. That is almost an economic truism. Empirical studies have shown that nearly all countries that have attained middle-income status were urbanized by at least 50 per cent, and all high-income countries were at 70 to 80 per cent level of urbanization. The causal factor is the people that are attracted towards cities as urban areas are hubs of activity and growth. The concentration of talent in urban areas drives productivity and spurs job creation and growth. This explains the strong linkage between urbanisation and growth of economies as a whole.
Category: India, New Delhi,National,Opinion/Commentary
Trump is America. America is Trump (Comment)
There can be a golden lining to the clouds, for India
Category: International, Thailand,National,Opinion/Commentary
Post Rahul, Congress may splinter but something new needed (Comment)
When Trinamools Mahua Moitra took Parliament by storm in her debut speech last month, a thought crossed my mind. In over two decades as Congress President could not Sonia Gandhi have sent a handful of young people to both the Houses who would have been noticed: politically savvy, feet on the ground, conversant with issues, articulate?
Category: India, New Delhi,Opinion/Commentary
M.S. Dhoni: Not just a name, but an emotion
New Delhi, July 7 (IANS) Remember in 2005, then Pakistan President Pervez Musharraf had become a fan of Mahendra Singh Dhoni for his hairstyle. In fact, Musharraf was so much in awe of Dhoni's hairstyle during the Pakistan tour of 2006, that he advised him to not get a haircut.
Category: India, Delhi,Sports,Opinion/Commentary
Time to discuss mutual interests (Column: Political Calculus)
US Secretary of State Mike Pompeo came in advance for the final round of Prime Minister Narendra Modi's face-to-face meeting with American President Donald Trump. Trump sent him to fix the schedule of the two top leaders' meeting. It was just before June 28 that a bilateral meeting would be held in the G-20 summit in Japan. But with Foreign Minister S. Jaishankar, Pompeo also held an advance meeting basically for themselves. Trump praised Modi with a tweet as soon as his second innings started, but his main goal was to ensure that India withdrew tax on US items - India has taxed medicine, cars, toys, and this tax had to be reduced.
Category: India, Maharashtra,National,Opinion/Commentary,Politics
Budget 2019: Kickstarting India's Developmental Journey (Column: Active Voice)
Since the time Prime Minister Narendra Modi has set a bold target of making India a $5 trillion economy by 2024 at a NITI Aayog meeting early last month, the conversations in the mass media have disproportionately centred on the idea.
Category: India, New Delhi,Business/Economy,Opinion/Commentary