FRAGILE BENEFITS
Some parties from NDA in touch with us, claims Rahul Gandhi
Congress leader Rahul Gandhi has criticized the fragile numbers of the ruling National Democratic Alliance (NDA) and the potential for a single disturbance to drop the government. He claimed that the Lok Sabha poll results showed a "tectonic shift" in Indian politics and that the idea and image of Modi have been destroyed. Gandhi attributed the defeat of the BJP to the collapse of the party's basic architecture of creating religious hatred.
India has come a long way from fragile 5 days, time to race ahead
While India is integrating into global value chains (GVCs), the benefits via higher overall exports are not yet visible. We also need to create millions of jobs for youth joining the working-age population. There are also global uncertainties to navigate. Higher volatility, repeated supply shocks, higher geopolitical risks and climate change are the new normal. Against this backdrop, the agenda for the next five years requires prioritisation based on five key issues.
India's plan of becoming the fastest-growing G20 nation may hinge on the weather
India's precarious balance between human ingenuity and environmental fragility is under threat as record-breaking temperatures and extreme weather events amplify the challenges faced by its vast population. The path to prosperity is hindered by climate change, highlighting the urgent need for sustainable solutions to secure India's future.
People with more financial literacy are less economically fragile — this matters for aggregate shocks from pandemics to climate change: Annamaria Lusardi
Drawing from our data, these are mostly the Nordic countries, Canada and the UK. They have a strong educational system and do well in financial literacy. This does matter — studying microdata across countries, we’ve found people with greater financial literacy are less economically fragile or more able to face shocks. This is particularly important in an era when we face not just normal distur-bances but shocks at an aggregate level, like the pandemic or climate change, says Annamaria Lusardi.
Dollar steady as traders weigh economic data, yen fragile
The dollar was steady on Friday, on track for its fifth straight weekly gain, as investors take stock of economic data and firm expectations of the Federal Reserve cutting rates in June, while the yen traded at the psychologically key 150 per dollar level.
A fragile global economy is at stake as US and China seek to cool tensions at APEC summit
The world's economy could surely benefit from a U.S.-China detente. Since 2020, it has suffered one crisis after another - the COVID-19 pandemic, soaring inflation, surging interest rates, violent conflicts in Ukraine and now Gaza. The global economy is expected to grow a lackluster 3% this year and 2.9% in 2024, according to the International Monetary Fund.
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Health of rural development institutions fragile; lack financial viability: N K Singh
Nayyar, an economist, had retired as the Principal Advisor, Rural Development, in the erstwhile Planning Commission in 2005. She is known for her contributions to the academic literature, policy making, including rural employment guarantee scheme MNREGA, and institution building in the context of rural development in India.
Health is wealth: Here's why investing in a health insurance plan is a smart choice this festive season
The COVID-19 pandemic has led to increased awareness and importance of health insurance. Consumers are now prioritizing individual and family health and well-being, leading to a surge in demand for health insurance.
What are the benefits and challenges of Big Data Analytics?
Big data analytics has become crucial for enterprises in the world of the digital landscape. Explore the main benefits of this strategy.
Dear Fathers, why investing in your and your family’s health is the best thing you can do this Father’s Day
Here’s why investing in a comprehensive family health insurance plan could be the smartest choice to make this Father’s Day. A solid family healthcare plan will ensure stability during tough economic times, while also providing a cushion of care, safety, and security.
Climate change is making trees bigger …. & considerably more fragile
Studies suggest that longer growing seasons contribute to weakening the wood, making trees structurally weaker.
European stocks slip as banking turmoil keeps sentiment fragile
Credit Suisse's chief executive said on Friday the bank was working hard to stem customers outflows, although this could take time. Credit Suisse shares resumed their decline.
ET GBS 2023: Earlier, India was among fragile 5. Now, it is treated as anti-fragile, says PM Modi
PM Narendra Modi says India has convincingly shown the world how to convert calamities into opportunities. Citing success stories in infra building, aviation, and schemes such as DBT and Gati Shakti, he says the government’s focus has been on re-imagining and re-inventing every single element of governance. Edited excerpts from the speech
Why India and G20 need each other for mutual benefit
An inclusive and democratic G20 is what a rising India needs to project its global ambitions and counter an authoritarian China; G20 needs the developing world.
Dollar strengthens as Fed expected to stay hawkish; yen fragile
Against the Japanese yen, the greenback was 0.44% higher at 148.08, particularly helped by the Bank of Japan's (BOJ) decision to keep ultra-low interest rates on Friday, and BOJ Governor Haruhiko Kuroda's still-dovish comments in the face of rising interest rates elsewhere.
Europe Plus One: Can Indian stocks benefit?
Faced with exorbitant natural gas prices, energy-dependent industries in Europe, such as the chemical, automotive, cement and many other industries, have been facing similar problems. In this desperate situation, European industrialists are actively exploring options for relocating their production elsewhere. Thus coining the opportunity for other countries as ‘Europe Plus One’
Anti-fragile India: If the world markets go up 1x after fall, we will go up 1.5x: Ravi Dharamshi
“In a scenario where people want to move out of China, their manufacturing supply chain in the environment where the energy bills in Europe are shooting through the roof, everything points to India being the only choice as a manufacturing destination. We are on the cusp of a manufacturing renaissance, a capex revival and credit growth and real estate cycle in India.”
View: Rupee’s less dramatic fall doesn’t save the economy from its consequences
The Indian rupee, close to a historical low of ~80 per US dollar, has lost 7% from the start of 2022 — but the pace of depreciation has been far less dramatic compared with the effects of the two large global shocks in the 2010s. A weakening rupee, coupled with high global commodity prices, is bad news for India’s import bill. Not only does that widen the trade gap, it works its way into the domestic economy by importing inflation.
Recovery still fragile, RBI holds the line
The central bank is right to be concerned about the scope for financial instability that cryptocurrencies represent.
Omicron could knock a fragile economic recovery off track
Omicron’s threat to the recovery is just the latest in a series of zigzags that the world economy has endured since the coronavirus began its march across continents last year.
Dubai real estate recovery 'fragile' and uneven, S&P says
Supply has outpaced demand for new houses and apartments for years in a market where most of the population are foreigners, many of whom left during the pandemic.
Asia stocks fragile amid growth worries, dollar in demand
A raft of "flash" manufacturing surveys for August out on Monday will offer an early indication of how global growth is faring in the face of the Delta variant, with analysts expecting some slippage and especially in Asia.
Second wave of COVID infections poses increased risks for fragile economic recovery, banks: Fitch
India's active COVID-19 infections have been increasing at a rapid pace with new infections exceeding 1 lakh a day in early April 2021, against 9,300 in mid-February.
Joe Biden shores up fragile 'blue wall' in industrial north
Biden, from the start, sought to reclaim at least some of those voters, making his appeal as a son of Scranton, Pa., who attended a state college, had known financial struggle, and could relate to their concerns.
Sanjay Bakshi’s tips on how to benefit from Covid-19 crisis
Fundoo professor Sanjay Bakshi said black swan events teach us to be more frugal.
Can India benefit from demand for chemicals? Paul Hodges explains
‘Post Covid, a lot of production from China and India may move back to the UK.’
Fiscal cliffs threaten fragile US recovery: Economy week ahead
House Democrats have already approved a $3.5 trillion bill, while the White House has said the final package shouldn’t exceed $1 trillion -- a sign of how far apart policy makers are.
One plants ideas of reform which may take years to fructify: Nandan Nilekani
‘I am now comfortable with the pace of change in the system.’
Cross-border capital flows source of financial fragility: Raghuram Rajan
In his paper, Rajan said that when monetary policy in source countries tightens, receiving-country exchange rates depreciate, and liquidity dries up in their corporate sector even if country prospects are sound.
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