Ever since the glitzy congregation at 'Howdy Modi' in the US last year there was a murmur, but now a senior functionary of the ruling BJP here has confirmed it with a tweet -- India may "play a role" in the US Presidential election. Though late on Wednesday minutes after the tweet was posted, it also was deleted, the man who posted it added "seriousness" to the matter. That man was none other than B.L. Santosh, the national general secretary (Organisation) of BJP and among the top four influential members of the party. He tweeted: "How much ever neutral we wish to be you compel us to play a role in Presidential election. Sorry to say so... But you are compelling us." BL Santosh Tweet … [Read more...] about BJP may ‘play a role’ in US poll, says national general secretary BL Santosh, then deletes Tweet
Second phase exit poll
But in the short run, disruption of China's industrial operations and expectation of a downward spiral in economic growth will reduce the country's demand for energy and electrical-equipment imports, according to the report, written by SIIS President Chen Dongxiao and his team. … [Read more...] about Treasury secretary doesn’t see virus affecting trade deal
Last month, Kevin Flynn got out of his office in Mumbai’s Bandra Kurla Complex, left behind the city’s sweltering heat and headed north, to embark on a long drive. The CEO of Fiat Chrysler Automobiles (FCA) India joined a group of 65 Jeep customers on a four-day adventure drive through Ladakh. “It was absolutely stunning. Amazing. The terrain, the mountain the colour, the smell and the feel … I was taken aback,” he says. Driving through the stark and treacherous terrain, the 59-year-old had an epiphany about a similarly challenging territory — the Indian automobile market. “Only very rarely in your life do you get a chance to dream something up from its embryonic state and make it happen,” he says, as his gaze scans the Mumbai skyline from the 16th floor office. He weighs his words before continuing. “I got a chance. This was one of my toughest challenges. It took me out of my comfort zone. And I made it happen. I have a … [Read more...] about Can Jeep Compass steer around Fiat’s fortunes in India?
In November 2013, the then central bank Governor Raghuram Rajan had warned banks against dressing up loans, likening the practice with “putting lipstick on a pig” (that) “will not make a princess.” His stance marked the beginning of the end of forbearance. Rajan’s successor Urjit Patel, too, continued with the tradition of nixing proposals that kicked the can down the road. But the new RBI regime under Shaktikanta Das has been different. It has already allowed banks to extend the MSME loan recast scheme and allowed restructuring of loans to the real estate sector. “The RBI announcement of forbearance towards stressed sectors signifies a gradual shift away from the regulator’s earlier efforts to enhance the quality and transparency of asset classification in the Indian banking system,” said Saswata Guha, director, financial institutions, Fitch Ratings. “There is a risk that such regulatory forbearance will perpetuate moral hazard, … [Read more...] about RBI’s gradual shift from transparency to forbearance towards stressed sectors
A rich and coordinated Sino-European cooperation also has positive implications for Africa. One can speculate on the construct of the Indo-Pacific region, but Afro-Eurasian continuity－85 percent of mankind－is as much a historical reality as a geographic one. … [Read more...] about EU-China synergy to bring prosperity for Eurasia