The risk for India essentially is a fairly prolonged period of bottoming out process. The timelines for the private investment cycle to pick up get pushed out even further, says Sonal Varma, MD and Chief Economist (India and Asia ex-Japan), Nomura. Excerpts from an interview with ETNOW. You have flagged off numerous macro headwinds facing the India growth story. Over the next couple of years, which of these would you rank as the most significant and why?The biggest issue for India is really the balance sheet issue because it is not just about the last 12 months of economic slowdown, if you step back for the last five to 10 years, private investments have been extremely weak and that is partly a reflection of the weak balance sheet of banks, companies and various other factors. What is different this time around is the slowdown we have seen in the non-bank sector. The shadow banks which had stepped in back in 2016-2017 when banks stepped out, are in a pretty dire shape and banks are … [Read more...] about Be prepared for a long period of sluggish and below trend growth: Sonal Varma, Nomura
Sidharth Shukla and Asim Riaz, who were once inseparable inside Salman Khan's Bigg Boss 13 house, recently got into an ugly tussle. The duo shouted at the top of their voices and even pushed each after an argument that took place during the captaincy task 'Shehnaaz Ka Swayamvar'. They even called each other names and talked about each other's position inside the house. While Sidharth said that Asim has grown overconfident and has changed his attitude, the latter called the former a loser and told him that he is dominating. Shehnaaz Kaur Gill and Paras Chhabra supported Sidharth and asked him to let Asim go further in the game on his own, while Arti Singh, Shefali Jariwala and Himanshi Khurana, who were once Sidharth's friends, turned their backs on him and instead supported Asim. And just like the housemates, even fans of the contestants had different opinions on the ugly turn to the friendship. While a number of people stood by Asim, it was Sidharth who received more support from … [Read more...] about Bigg Boss 13: After Sidharth Shukla, Asim Riaz’s big fight, #EvictAsimRiaz trends on Twitter
Malayalam actress Shalini has turned 40 year old on Wednesday. Though she does not have an account on social media platforms, her fan clubs are pretty strong. On the ocassion of her birthday, fans have sent in wishes and #HBDShaliniAjith is trending on Twitter. Born to Babu and Alice, Shalini made her acting debut at the age of three. Her father is from Kollam and her mother from Thiruvalla. Her father migrated to Madras, with an ambition of becoming an actor and the family settled there. Later, he fulfilled his ambition through his children. #HBDShaliniAjithpic.twitter.com/DLs8NTiaiO— [email protected]@sᵛᵃˡᶤᵐᵃᶤ (@praveendasdas) November 20, 2019 Shalini began her career as a child artiste with the Malayalam film Ente Mamattikkuttiyammakku. Thereafter she acted in a host of other films before making her debut as an adult in the 1997 release Aniyathipraavu. #HBDShaliniAjith Is Now Becomes The MOST CELEBRATED Actress BirthDay Tag in Kollywood … [Read more...] about Shalini turns a year older, #HBDShaliniAjith trends on Twitter
The hashtag ‘#ThanksMughals’ hit the top trend in India with netizens sharing photos of the architectural and cultural influence the empire had on the country, during their rule. While this trend seemed to have come out of the blue, some took to social media to state that it was in response to Ajay Devgn and Saif Ali Khan's ‘Tanhaji: The Unsung Warrior’ trailer that dropped online on Tuesday. According to social media tweets and reports doing the rounds, the trailer that brings to the big screen an alleged “surgical strike that shook the Mughal empire” prompted people to credit the former rulers for things ranging from the Red Fort to Taj Mahal, and even for introducing biryani. Yes, Mughal emperor Akbar established the federal system and Aurangzeb expanded it the most geographically. ‘Akhand… https://t.co/GPJW8XG6Cm— Irena Akbar (@irenaakbar) 1574222326000 Started trending in Top 20. This is our humble collective effort … [Read more...] about Are fans trending #ThanksMughals in reaction to Ajay Devgn’s ‘Surgical Strike’ with ‘Tanhaji: The Unsung Warrior’ trailer?
Video PlayerClose Singapore's Deputy Prime Minister Heng Swee Keat receives an interview with Xinhua in Singapore, May 17, 2019. The scope for Singapore-China cooperation is growing despite the rise of anti-globalization sentiment, Heng said. (Xinhua/Then Chih Wey) by Wang Lili, Toh Ee Ming SINGAPORE, May 22 (Xinhua) -- The scope for Singapore-China cooperation is growing despite the rise of anti-globalization sentiment, Singapore's Deputy Prime Minister Heng Swee Keat said. Against the backdrop of technological and structural changes, the scope for cooperation between Singapore and China has been enlarged, Heng told Xinhua ahead of his visit to China, which will take him to Beijing, Shanghai, Guangdong Province and the Hong Kong Special Administrative Region. In Shanghai, he will co-chair the inaugural meeting of the Singapore-Shanghai Comprehensive Cooperation Council (SSCCC) -- the eighth business council between Singapore and China with Shanghai Mayor Ying Yong, and deliver a … [Read more...] about Interview: Singapore-China cooperation to grow despite trend of anti-globalization: Singapore deputy PM