- With expiry on Thursday, expect volatility to increase (Market Watch)(14:42)
By Arun Kejriwal
The week gone by began on a very ominous note and BSE SENSEX lost almost 1,000 points on Monday itself. The remaining days of the week were spent in trying to recover from there and it was an uphill struggle with markets making some recovery but not enough to close in positive territory. BSE SENSEX lost 425.14 points or 1.37 per cent to close at 30,672.59 points while NIFTY lost 97.60 points or 1.07 per cent to close at 9,039.25 points. The broader markets saw BSE100, BSE200 and BSE500 lose 1.13 per cent, 1.17 per cent and 1.21 per cent respectively. BSE MIDCAP was down two per cent while BSE SMALLCAP lost 1.54 per cent.
- Memories of being in a war zone (Comment)(10:11)
BY SAEED NAQVI
What does one make of it, this singular absence of even a column-inch worth of interest in this land of Vasudev Kutumbakam, when Nazism in its raw, naked form comes riding on the back of the Croatian Catholic Church to organize celebratory mass for Croatia's Nazi collaborators during WW-II. This, when the world is celebrating the 78th anniversary of Victory in Europe.
- Taxes, prices and restructurings: Moving ahead in the times of corona (Column: Behind Infra Lines)(09:33)
By TAPONEEL MUKHERJEE
As economies slowly open across the globe, the ramifications of the coronavirus pandemic on global trade and geopolitics are gradually playing out. Amid rapidly evolving global trade dynamics, India's focus on attracting manufacturing firms to India is a step in the right direction. That said, an area of even greater focus for India must be on freeing up capital flows in the economy. Essentially, while targetted focus on attracting manufacturing businesses to India is commendable, creating an environment that allows greater and smoother capital flow must form the core underpinning for India to generate economic growth not just in the near future but for the coming decade.
- Countering corona with 'smart' living (Column: Spy's Eye)(09:14)
BY D.C. PATHAK
A continuing problem with the handling of corona pandemic in India is that even after a long effective lockdown -- which did save the country from a surge of infections that would have totally overwhelmed our governance -- the logic of prevention through 'social distancing' and 'surface hygiene' has still not been put across to the common man here because of poor messaging.
- No umpire from the Indian cricket empire (Column: Close-in)(10:41)
By Yajurvindra Singh
Indian cricket has had a phenomenal growth, not only as one of the top cricket teams in the world but also in cricket administration, as well as a frontline innovator of cricket properties. Cricket in India is flourishing commercially because millions are watching the game and following it religiously.
- COVID-19 virus 'does not spread easily' on surfaces, says US CDC(21:25)
New York, May 22 (IANS) While the virus that causes COVID-19 spreads easily between people, the risk of getting infected in other ways such by touching surfaces and objects may be relatively lower, suggests new U.S. Centers for Disease Control and Prevention (CDC) guidance.
- ARP in AC trains increased to 30 days, RAC tickets allowed(20:26)
New Delhi, May 22 (IANS) The Indin Railways on Friday decided to increase advance booking by passengers to 30 days from earlier seven days and also booking of waiting and reservation against cancellation tickets for 15 pairs of special air-conditioned trains.
- Path of Diminishing Marginal Utility: RBI Policy May 2020(14:18)
By Suyash Choudhary
The monetary policy committee (MPC), reflecting the sign of times, had yet another out of policy meeting and delivered a 40 bps repo rate cut with commensurate changes to the rest of the rates in the corridor. In its assessment, the committee noted the further deterioration in growth prospects. Even as food prices have reversed trend and spiked substantially recently (food inflation was 8.6% in April as per the partial CPI data release), the assessment is that CPI will fall over the second half the year and will fall below the 4% target over quarters 3 and 4 of the financial year. Importantly, the forward guidance is strong noting space for further easing will open up if CPI behaves as expected. The summary assessment hence is that risks to growth are acute while those to inflation may be temporary. And this is what has been expressed as action. Although the RBI hasnt provided an explicit growth forecast, it has now acknowledged a negative print for FY 21. The silver lining noted is that in agriculture where kharif sowing is robust.
- How does India's recent stimulus package compare with other countries? (Opinion)(17:26)
By Ashishkumar Chauhan
Over the last week, the only issue under discussion in Indian business circles is about how much more Government of India could have done for reviving the economy which has stalled due to Covid-19. Indian Prime Minister announced the size of the stimulus package as Rs 20 lakh crore â close to 10 per cent of the Indian GDP on May 12, 2020. The figure of Rs 20 lakh crore is also very similar to the entire tax receipts of the central government for FY 2020-21, if the year did not have Covid-19 related problems. Subsequently, India's Finance Minister provided details of the stimulus package over 5 days. The stimulus package is a mix of fiscal support, monetary support, ease of doing business processes, as well as some fundamental reforms.
- Post Covid India needs grand strategy for Asian century (Dealing with the Dragon - II)(12:54)
BY PRADIP BAIJAL
In most nations, massive economic changes take place every 70-100 years, changing the nations totally. Sometimes these changes destroy the nations, or they take them to the top. Industrial Revolutions 1.0 (1760-1860) and 2.0 (1850-1930) (and some other factors) multiplied US/UK and European economies 5, 6 times, while India/China went down 10 times (1820-1970) during a similar period. The US had an earlier phase of growth 7-10 times post civil war and American reforms, taking America to the top.
- Jindal varsity launches 100 scholarships for graduating students(13:00)
Sonipat, May 19 (IANS) O.P. Jindal Global University (JGU) on Tuesday announced the launch of 100 Graduate Research Immersion Programme (GRIP) Scholarships to mentor and support the 2020 graduating students in overcoming the challenges posed by COVID-1on their careers and future plans.
- Haryana sends 160,300 migrants to native places(20:14)
Chandigarh, May 17 (IANS) More than 160,300 migrant workers have boarded Special Shramik trains as well as buses to take them to their home states at the expense of the Haryana government, an official said.
- Negative bias in markets to continue(18:04)
By Arun Kejriwal
Markets continued their volatile way and lost on four of the five trading sessions last week. BSESENSEX lost 544.97 points or 1.72% to close at 31,097.73 points while NIFTY lost 114.65 points or 1.24% to close at 9,136.85 points. The broader markets saw BSE100, BSE200 and BSE500 lose 0.99%, 0.75% and 0.68% respectively. BSEMIDCAP gained 0.68% while BSESMALLCAP gained 0.47%.
- Is it time for big changes (Dealing with the Dragon - I)(12:13)
BY PRADIP BAIJAL
In his recent book, "Has China Won" published in March 2020, and in the many earlier books, Kishore Mahbubani has stated "US has blundered into geopolitical contest with China". Many other authors like Martin Jacques and Freidman also talk of the situation of Chinese domination, but the future is dependent on their performance.
- Corona pandemic put the governance on test (Column: Spy's Eye)(09:05)
BY D.C. PATHAK
Addressing the nation on May 12 -- in the backdrop of a loud demand for economic stimulus, criticism of the handling of migrants and the growing impatience of the people with corona prohibitions -- Prime Minister Narendra Modi announced an economic recovery package of Rs twenty lakh crore, acknowledged the importance of rebuilding the economy bottom-up without relaxing on the aim of achieving global supremacy and reminded everybody that "self-control" should be the weapon of combat against the pandemic even when "Lockdown 4" -- the name he gave to the phase beginning next week -- granted all possible relaxations.
- Indian cricket's dream One Day XI (Column: Close-in)(10:56)
By Yajurvindra Singh
A few days ago, during a panel discussion on selecting the best Indian ODI side at a webinar, my thoughts went towards thinking about Indias one-day cricket. The first international recognised match one is familiar which took place between England and Australia in Melbourne in 1971 and the first World Cup in 1975 in England.
- A Brave New World. Revisited! (Comment)(09:06)
By Himanshu Manglik
The entire world is struggling as the coronavirus struts around like a manic pigeon, threatening to send the world into recession and depression. Struggling to contain the rogue virus, we are like novice boxers taking blows and punches as we stagger around dazed and uncertain.
- Growing quality food & meeting nutritional requirements through urban agriculture(14:16)
By Ratna Kumria, Shivendra Bajaj
Can climate-controlled freight containers help in farming or can plants grow without any soil? The answers to these questions can be found in Urban farming. It involves indoor cultivation under controlled conditions with up to eight harvests in a year. It offers an ideal solution for regional or community specific food needs, for local crops that would not be economically viable for full scale cultivation. It can also help cities become self-sufficient in their produce demand while getting fresh food the year round. Vertical urban farming whether with soil or hydroponics-based, increases the space utilization by 3-4 fold with lower water and nutrient usage. Therefore, it allows the farmer to have 3-4 fold higher area with 20 per cent faster growth rate, leading to 3-4 fold higher harvests. Multiple harvests in a year would lead to higher profits compared to traditional farming. Indoor farms may use drip-irrigated pots, hydroponics, aeroponics or hydrogel-based polymers for growing vegetables depending on the growth requirements of the plant.
- Markets to remain volatile with downward bias (Market watch)(16:20)
By Arun Kejriwal
The week gone by saw markets begin the week with a loud thud and falling sharply. BSE SENSEX lost 2,002 points while NIFTY lost 566 points on that single Monday and that was pretty much the story of the week with markets remaining just about there. The difference was the intraday volatility which increased significantly. An example of the same was the intraday difference on Tuesday which saw BSE SENSEX make a high of 32,264 points and a low of 31,403. The intraday swing was 861 points and the closing difference at 31,453 points was 262 points. This was witnessed virtually on all the trading days and is a marked difference from what one saw in April.
- IBC: Much needed to boost credit flow and the economy (Column: Behind Infra Lines)(09:33)
BY TAPONEEL MUKHERJEE
The global financial news reveals an increase in bankruptcies due to the Covid-19 induced global lockdowns. While the bankruptcies are unfortunate, a recognition of the bankruptcies facing companies in the face of the collapse and an efficient resolution of such bankruptcies (which will allow both the companies and creditors involved to move along) is vital to rejuvenating the economy.
- India needs to be pro-active on Afghanistan (Column: Spy's Eye)(09:18)
BY D.C. PATHAK
The halting process of implementation of the US-Taliban Peace Agreement, that was signed at Doha on February 29 this year, brings out three distinct realities of the Afghan situation as seen from an Indian perspective. First, the long drawn exercise of Zilmay Khalizad, US interlocutor, who managed finally to engage a frontline leader of the illusive Taliban, Mullah Baradar, in a direct talk at Doha, made it obvious that Taliban had seen through the American expediency in Afghanistan.
- A sliver of hope (Column: Close-in)(10:34)
By Yajurvindra Singh
The England and Wales Cricket Board (ECB) has given the cricketing world a sliver of hope. They have scheduled a series against the West Indies in July at two venues where they can control the movement of the players as well as their safety.