RAJAN
Former RBI Governor Raghuram Rajan warns against fake videos of him recommending stocks
Former Reserve Bank of India (RBI) Governor Raghuram Rajan has cautioned investors against fake videos of him circulating on social media, giving investment tips, especially on individual stocks.
In search of 'decent work'
Former RBI Dy Guv Mohan said India could not break out of lower-income levels without massive employment in low-wage manufacturing. Lack of 'decent jobs' was so acute that Uttar Pradesh had 4 mn applicants for 60,000 constable jobs. India's labour force participation was barely 50% against 78% for Vietnam, 76% for China, and 65% for Indonesia. This underemployed mass could not be employed fully in services. So, it was essential to boost manufactured exports - that alone would produce enough 'decent jobs'.
India's fast economic growth lays firm ground for next government
India's economy grew at a faster-than-expected 7.8% year-on-year in the first three months of 2024, driven by strong performance in the manufacturing sector. This growth pace is expected to support Prime Minister Narendra Modi's economic record, who is hoping to win a rare third term in the national election. The Reserve Bank of India's record surplus transfer of 2.11 trillion rupees ($25.3 billion) will help the next government increase state spending to boost growth.
Gangster Chhota Rajan convicted in 2001 case of murder of Mumbai hotelier Jaya Shetty
Mumbai special court convicted gangster Chhota Rajan for the 2001 murder of hotelier Jaya Shetty. The court found Rajan guilty under the IPC provisions for murder. The victim, who owned Golden Crown hotel, was shot dead by alleged gang members amid extortion threats. Court to determine punishment later.
Investors must take Rajan’s promise, not Pitroda's threat
Investors are anxious about the potential impact of the ongoing general elections on economic policies. The possibility of the INDIA alliance, led by the Congress Party, coming to power has raised fears of a significant policy shift, particularly following suggestions of introducing an inheritance tax. However, it's important for investors to differentiate between exaggerated concerns and actual risks.
Raghuram Rajan on politics: ''My business is not kissing babies''
Former RBI governor Raghuram Rajan dispels political rumors, supports Rahul Gandhi's leadership, and advocates for faster Indian economic growth by 2047. He critiques India's current growth rate and job creation efforts, emphasizing the need for faster development.
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India to stick to policy path even if Modi loses, says Raghuram Rajan
Former central bank Governor Raghuram Rajan addressed concerns about possible selloff in financial markets if the Bharatiya Janata Party loses support post-Indian elections. Rajan emphasized the need for economic reforms and infrastructure quality improvement.
JLR plans to start making flagship Range Rover model in India
The local assembly will translate into a 18-22% price reduction, Amba said. The Range Rover will drop to Rs 2.6 crore from Rs 3.3 crore while the Range Rover Sport will fall to Rs 1.4 crore from Rs 1.8 crore. India levies a duty of 15% on completely knocked down kits and more than 100% on imported models.
Kerala: Heavy rain predicted for next 24 hours, IMD issues orange alert for several districts
Kerala grapples with relentless downpours, with some areas witnessing over 200 mm of rain within 24 hours. Kochi and Thrissur face inundation. The India Meteorological Department (IMD) issues an Orange alert for Pathanamthitta, Kottayam, and Idukki. A low-pressure area in the Arabian Sea heightens rainfall, while another system in the Bay of Bengal threatens to intensify into a cyclonic storm. Preparedness efforts are underway as casualties and damage rise.
Kerala rains: IMD issues Orange alert for three districts
Heavy rains continue to batter Kerala with parts of the state receiving over 200 mm of rain in 24 hours causing waterlogging in cities like Kochi and Thrissur. The India Meteorological Department (IMD) issued an Orange alert for three districts, including Pathanamthitta, Kottayam and Idukki districts. As many as 11 deaths have been reported due to rain-related incidents. Relief camps have been set up and efforts are underway to mitigate the impact of the ongoing heavy rains.
Pune hit and run case: Porsche owner's family's connection with Chhota Rajan comes to light
Accused sought help from Chhota Rajan in Pune hit and run. Two died in Kalyani Nagar car-motorcycle collision. Arrests made under Juvenile Justice Act. Juvenile accused granted bail with conditions. Charged under IPC sections 304A, 279, 337, 338, 427 and Maharashtra Motor Vehicle Act.
Global fund KKR puts Lighthouse on the Block, eyes $1.2 billion valuation
KKR & Co is set to sell its education portfolio in India, Lighthouse Learning, with a valuation of $1-1.2 billion. The group operates over 1,350 pre-schools and 45 schools, attracting interest from global educational institutions and PE funds. Lighthouse has seen increasing student numbers and revenue growth, with expectations to reach Rs 1000-1200 crore by fiscal year 2024.
Kerala govt activates emergency operation centres amidst heavy rains
Kerala government opens emergency operation centres in all districts to tackle heavy rains, mudslides, and issues warnings to tourists about possible landslides in hilly areas. Safety boards will be installed to warn travellers, and night travel bans may be imposed in hilly areas. District collectors address intense water logging, uprooting of trees, and Health Minister Veena George warns about epidemics.
India needs to focus on manufacturing, achieve greater sophistication: Nirmala Sitharaman to Indian Inc
Finance Minister Nirmala Sitharaman flagged the need for India to boost its manufacturing sector to achieve self-reliance and increase its share in the global value chain. She highlighted the importance of policy support and sophistication in product manufacturing to attract investment and reduce dependence on China. The minister also discussed the success of the PLI scheme in sectors like telecom and electronics, showcasing India's potential for growth and investment.
Gorakhpur: Nomination of independent candidate Rajan Yadav alias Arthi Baba cancelled
The nomination of independent candidate Rajan Yadav alias Arthi Baba has been cancelled from the Gorakhpur Lok Sabha seat. During the scrutiny, supervised by Returning Officer Krishna Karunesh, who is also the District Magistrate, 19 nomination papers, including that of Yadav, were cancelled.
Ruckus in MCD House over Swati Maliwal's assault allegation
Ruckus in MCD House as Swati Maliwal claims assault by Kejriwal's PA. BJP, Congress demand resignation. Councillors raise slogans, Maliwal files complaint. Meeting adjourned in chaos.
We are happy that we were able to deliver about 19% growth rate in a challenging environment: Rajan Sethuraman, LatentView Analytics
CEO Rajan Sethuraman discusses sustained growth, challenges in demand, and areas of focus like generative AI space, Microsoft Fabric ecosystem, and consumer vertical traction driving revenue expectations in FY25.
Madhya Pradesh records voter turnout of 66.12% in nine seats till 6 pm
A provisional voter turnout of 66.12% was recorded in the third phase of polling for nine Lok Sabha seats in Madhya Pradesh, with no untoward incidents reported. The polling was peaceful and recorded a total of 127 candidates, including Union minister Jyotiraditya Scindia and former chief ministers Shivraj Singh Chouhan (BJP) and Digvijaya Singh (Congress). The overall turnout in Madhya Pradesh was 71.20%. Polling began at 7 am across 20,456 polling stations, including 1,043 managed by women personnel and 75 by Divyang employees.
'Elevate, rather than bringing the successful down', says Raghuram Rajan as he advocates inclusive growth over wealth tax
Raghuram Rajan, former RBI governor, advocates for inclusive growth over wealth tax, emphasizing the need to uplift individuals for economic development. His remarks follow a discussion sparked by Sam Pitroda on wealth redistribution, with Rajan cautioning against excessive taxation of the wealthy. He highlights the importance of examining neglected segments of the economy and suggests policy measures like minimum wage standards for wealth distribution. Rajan also stresses the significance of job creation for social stability and demographic dividends.
Chhota Rajan's first photograph emerges after nine years, stirring controversy and security concerns
The recent revelation dispelled speculations surrounding his alleged demise during the Covid pandemic or concerns about his health. However, its release has reignited apprehensions of potential attacks on him while incarcerated, prompting heightened vigilance from intelligence agencies.
India’s policies subject to whims & fancies? Raghuram Rajan, Surjit Bhalla weigh in on why foreign investment is down
India's status as the fastest-growing major economy is undermined by inconsistent policies, hindering foreign investment flow, according to economists Raghuram Rajan and Surjit Bhalla. Despite recent attraction to global investors, policy uncertainty, high taxes, and erratic tariff changes deter sustained investment. Rajan emphasised the need for predictability and ease of doing business.
Rajan wants India to remove the fluff from GDP numbers and take a leaf out of China's book
Speaking at a conference on "Making India an Advanced Economy by 2047: What Will it Take" at the George Washington University in Washington, the former banker said India needs to "take away the fluff" in its GDP numbers. Rajan extolled the need to focus on improving human capital and enhancing skill sets, adding, "I think we are in the midst of it (democratic dividend), but the problem is we are not reaping the benefits."
ET Exclusive: India's dire employment scenario visible in long queues for govt jobs, Raghuram Rajan says
Raghuram Rajan: Former Reserve Bank of India Governor highlights India's economic growth alongside concerning unemployment, emphasizing the shortage of private sector jobs. Despite government efforts in infrastructure, agriculture sees job growth while manufacturing lags. Rajan urges attention to job creation, criticizing insufficient data and political rhetoric. Unemployment remains a top voter concern.
Modi govt gave Bihar raw deal: Congress
"Today's questions for PM Modi as he heads to Bihar: Why hasn't Bihar been granted Special Category Status as the PM had promised?" Jairam Ramesh said on X. When will the Modi government address the flooding of the Kosi river and what happened to the airports that the PM promised, he asked.
Raghuram Rajan labelled 'parachute economist' over India making a big 'mistake' comments
Raghuram Rajan's recent remarks sparked controversy on social media. The former RBI chief cautioned against India's economic growth being overshadowed by underlying structural issues. He emphasized the need for the government to focus on improving education and workforce skills post-elections to harness the country's potential fully.
Raghuram Rajan thinks India making a big mistake believing ‘hype’ about its growth
India's former central bank Governor Raghuram Rajan warned that India's strong economic growth is overshadowed by structural challenges like poor education and skills. Rajan said there is urgent need for workforce improvement to harness the potential of the young population.
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