)
PM Narendra Modi
Modi was raised in a small town in northern Gujarat, and he completed an M.A. degree in political science from Gujarat University in Ahmadabad. He joined the pro-Hindu Rashtriya Swayamsevak Sangh (RSS) organization in the early 1970s and set up a unit of the RSS’s students’ wing, the Akhil Bharatiya Vidyarthi Parishad, in his area. Modi rose steadily in the RSS
...Read More
Galwan Valley clash: Pompeo says China took 'incredibly aggressive' action
The Indians have done their best to respond to that, he said
)
Google tried to offer $512 mn package to derail Microsoft antitrust pact
While Google has long trailed Amazon.com Inc. and Microsoft in the cloud market, it's begun to see impressive results
Updated On : 16 Jul 2024 | 12:40 PM IST)
Olympics 2024: What to know, who to watch during shooting competition
Shooting begins on July 27, the day after the opening ceremony, and runs through Aug. 5
Updated On : 16 Jul 2024 | 12:54 PM IST)
Budget 2024: Lower GST demand listed by Delhi Market Association officials
Union Budget 2024: The Delhi Market Association has urged the government to consider measures to lower the Goods and Services Tax (GST) rates on essential items and on shop rentals
Updated On : 16 Jul 2024 | 4:44 PM IST)
Page 5 - Latest Updates on PM Narendra Modi
When perception is reality
A deft, economically sensible policy maneuver puts PM Modi's political capital at risk
Rationale behind the package
Govt seems to be preserving some firepower
 "Rationale behind the package")
Power reforms won't electrify the sector
At best, the scheme can be viewed as a one-time measure, while the larger problem of insolvency of discoms remains
Make reforms work
Govt has to find a way to remove the stumbling blocks
 "Make reforms work")
Best of BS Opinion: Unemployment rate at 24%, Covid-19 impact, and more
Here's a selection of Business Standard opinion pieces of the day
 "Best of BS Opinion: Unemployment rate at 24%, Covid-19 impact, and more")
The stimulus that wasn't
The bulk of Ms Sitharaman's proposals addressed supply problems, with only occasional and cursory references to demand, mostly as an afterthought
Cyclone Amphan: Things you should know about this severe cyclone
The NDRF said that it was ready to undertake massive evacuation of 1.1 million people likely to be hit by it
 "Cyclone Amphan: Things you should know about this severe cyclone")
Some steps forward
Package focused on reforms, not to boost demand immediately
Statsguru: Importance of MSMEs in times of Covid-19, economic slowdown
The assurance given by the finance minister that benefits given to MSMEs will not be withdrawn if they grow in size may solve this problem to an extent
 "Statsguru: Importance of MSMEs in times of Covid-19, economic slowdown")
E-learning to be new normal as govt plans TV channel for schoolkids
Infectious disease hospital blocks to come up in all districts; public health labs to manage pandemics
 "E-learning to be new normal as govt plans TV channel for schoolkids")
Great social divide: A new normal post Covid-19
Economic and social activities will come out from slumber in the coming weeks
 "Great social divide: A new normal post Covid-19")
Why rejig in labour laws will not help and holistic reforms are essential
Radhicka Kapoor, senior fellow at Indian Council for Research on International Economic Relations, said the government has to create policies for boosting demand
 "Why rejig in labour laws will not help and holistic reforms are essential")
Important for nations to work together to eradicate Covid-19: Modi to Trump
"I am proud to announce that the United States will donate ventilators to our friends in India. We stand with India and @narendramodi during this pandemic," Trump had said
 "Important for nations to work together to eradicate Covid-19: Modi to Trump")
Best of BS Opinion: Covid-19 big picture, migrant workers, and more
Here's a selection of Business Standard opinion pieces of the day
 "Best of BS Opinion: Covid-19 big picture, migrant workers, and more")
More than 80% Indian households lost income during lockdown, says study
The findings are in line with previous data from the CMIE and others, which showed that more than 100 million Indians have lost their jobs since March 25
 "More than 80% Indian households lost income during lockdown, says study")
The king's speech
What the Indian public got this week was another monologue - the fifth since March 19
Flying blind into Covid-19
Reports this week suggest that the government has sidestepped the criteria for lifting the lockdown of the Indian Council of Medical Research
A lot more needs to be done
While the measures over the last two days focus on some of the structural changes, the economy is now looking forward to steps that would lead to an increase in demand
RBI may have to monetise Rs 7 trn of stimulus, says Bank of America
Of the nearly 10% of GDP worth stimulus, 7.3 percentage points of it can be funded through many means, it said
 "RBI may have to monetise Rs 7 trn of stimulus, says Bank of America")
Covid-19 has created deflationary conditions, says CEA Subramanian
He also said that a good part of the Rs 20 trillion stimulus package is designed in a manner that the fiscal deficit remains under control.
 "Covid-19 has created deflationary conditions, says CEA Subramanian")
