The newly-proposed Development Finance Institution (DFI) will initially be completely owned by the government, Economic Affairs Secretary Tarun Bajaj told Moneycontrol.
The BSE Sensex, the 30-stock bellwether index of the Bombay Stock Exchange, zoomed 2,315 points - rising 5 per cent - on the day Finance Minister Nirmala Sitharaman presented Union Budget 2021/22. The buoyancy continued the next day too, indicating that the fine print also looked good to investors. Uncluttered and smart, is how Mumbai-based broking firm Anand Rathi described the Budget.
It has been quite some time since a Union Budget received such a resounding approval. In addition to markets, economists, corporates, bankers and experts tracking the Indian economy have responded positively to the budgetary proposals. Some are very enthusiastic, others are not, but very few are complaining about the prescriptions Sitharaman has for reviving the pandemic-hit Indian economy.
American and Indian values are needed in the world
Kamala Harris represents an America that takes pride in diversity as a central tenet of American life.
(AP)Premium
Vishakha N. Desai
The US and India should help the world develop an interdependent relationship that views national concerns in relation to and not in opposition to global considerations, and recognizes diversity.
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As I watched the horrific events of 6 January unfold in Washington DC, my heart sank. It was disheartening, if not totally unexpected, to witness the end of the Donald Trump era with domestic terrorists storming the Capitol building while brandishing Confederate flags and wearing MAGA (Make America Great Again) hats. The attack felt like a life-threatening assault on the values that have attracted millions of people from all over the world, myself included, to the United States.
Updated Jan 29, 2021 | 16:20 IST
The survey found a correlation between the stringency of the lockdown and it the number of Covid-19 cases and resultant deaths Economic Survey 2021 shows India s stringent lockdown strategy prevented more than 1 lakh deaths | Photo Credit: BCCL
New Delhi: Nirmala Sitharaman has tabled the Economic Survey 2020-21 in the Lok Sabha. GDP growth is seen expanding by 11% in 2021-22 fiscal. The gross domestic product (GDP) contracted by a record 23.9 per cent in April-June and by 7.5 per cent in the second quarter. For the full fiscal year 2020-21, the survey projected a contraction of 7.7 per cent. The economy, which was battered by the coronavirus lockdown, is expected to see a strong recovery in the 2021-22 fiscal year.
Covid-19 vaccine: India urges Bangladesh to start efficacy trials for Covaxin
A health worker prepares a dose of Covaxin
(Bloomberg)
Bharat Biotech has developed Covaxin along with the New Delhi-based Indian Council of Medical Research
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NEW DELHI :
India on Friday requested Bangladesh to begin early efficacy trials of Bharat Biotech’s anti-Covid vaccine which has been favourably received by Dhaka.
The matter was raised during the India-Bangladesh Foreign Office Consultations held in New Delhi, Mint has learnt. The Indian delegation was headed by Foreign Secretary Harsh Vardhan Shringla with his counterpart Masud Bin Momen leading the Bangladesh delegation.