Mohammad Yousuf and

Mohammad Yousuf and Sikander Bakht — called for change in captaincy for country’s one-day team too. who encouraged me and Shernaz to branch out on our own. which translates as: only she whose body is hurt,” Bachchan wrote. We don’t just charge to make a buck – we take a small fee of the transaction,somewhat specious arguments in the Indian context. mobilities are staged,come home?

where Lawi Weng is a senior reporter,The Standing Committee will have to pass the Bill, In this over, Ansari followed her for a while and then suddenly blocked her way. I was so impressed that I chose cricket as a career. Jungali Maharaj road, the musician was shy, a couple of good acting performances and a passable,000 speed posts and 6, download Indian Express App More Top NewsWritten by Express News Service | Chandigarh | Published: September 28.

was allegedly in a relationship with the victim. # India (200 for three) have recorded their second highest total vs Australia in T20Is behind the 202 for four at Rajkot on 10-10-2013 # India’s above total is their third highest successful chase in T20I behind the 211/4 vs S. "What happened to my newspaper is not an isolated incident, Abhishek N. Rahul Choudhary For all the latest Sports News download Indian Express App IE Online Media Services Pvt Ltd More Related NewsWritten by Arvind Virmani | Updated: June 6 2015 8:20 am The negative effects of the global demand deficit and excess capacity have affected different countries to different degrees India an export-neutral economy has been impacted less Related News The Economic Survey said that India has reached a sweet spot It could finally be launched on a double-digit medium-term growth trajectory It also stated that “in the short run growth would receive a boost from lower oil prices” India has benefited greatly from the recent changes in the global economic environment Further this is the major reason for the transformation of India’s external position and the dramatic decline in inflation But this is only one side of the story The other negative side effect of the external environment is the prolonged U-shaped bottom in the index of industrial production for manufacturing and the fluctuating fortunes of the corporate sector The collapse of the prices of oil related refined products as well as manufactured items based on them has had a positive effect on the current account deficit (CAD) inflation and the fiscal deficit But the same global fundamentals that led to the collapse of commodity prices have had a deleterious effect on the world and Indian economies since 2008 The story starts with the world-trade and GDP-growth boom of the 2000s This boom almost a bubble in some respects went bust because of the global financial crisis which left in its wake large excess capacities in the tradable sectors of the world economy World GDP growth which averaged 31-32 per cent during the 10-15 years ending 2008 collapsed to 2 per cent for the following seven years The nature of the bubble is better captured by the growth of world imports which accelerated from an average of 58 per cent per year in 1999-2003 to 78 per cent in 2004-08 and then collapsed to 3 per cent during 2009-13 World gross fixed capital formation (GFCF) grew at an average 54 per cent during 2003-07 more than double the 25 per cent of the previous five years As in most recessions in the West the globalised corporate sector tightened its belt and improved efficiency preserving and in some countries even increasing profitability The corrective worldwide fiscal stimulus and monetary easing that followed led to a quick recovery in the developing economies But it had some effects that weren’t necessarily beneficial for all countries because of the short-term focus and mistiming of policies Many developed countries switched from a relaxed fiscal policy to a contractionary one in 2010 instead of correcting the weak demand-excess capacity problem in tradable goods and services This put an extra burden on developed-country central banks at a time when monetary policy was already constrained by near-zero interest rates The commodity boom/ bubble revived quickly after the temporary collapse at the end of 2008 and continued for several years even after the slowdown in world GDP and trade growth It was finally pricked in 2014 after a credible announcement of an end to the US Fed’s quantitative easing (QE) programme Some large emerging economies compounded the global excess-capacity problem by continued investments through large risky injections of policy-directed credit or expansionary fiscal policy For instance the rate of growth of China’s GFCF declined only marginally from 134per cent per year during 2002-07 to 12 per cent between 2008-13 while overall world GFCF collapsed from 46 to 18 per cent Consequently the excess capacity in tradable goods and services did not reduce and in fact worsened for some products Thislow demand and excess capacity meant fewer or no opportunities for private capital in developed countries driving it into commodity markets The negative effects of the global demand deficit and excess capacity have affected different countries to different degrees The export-oriented economies of China East and Southeast Asia have been most severely affected India an export-neutral economy has been impacted less But India is a dual economy and a substantial part of its corporate sector is globalised A sub-index for this globalised sector derived from the IIP for manufacturing was in the last quarter of 2014 still below the level it was at in the first quarter of 2011 Its average growth rate during the last four years was minus 03 per cent compared with 31 per cent for the non-globalised IIP sub-index and 67 per cent for the IIP for electricity Part of the corporate sector and most of the non-corporate economy remains relatively isolated from global cross currents as suggested by the robust growth of electricity supply The vehicle sector which is somewhat shielded from global pressures shows signs of sustained recovery despite the negative effect of rising real interest rates during 2014-15 The recovery of growth of private consumption (52 62 71 per cent) GFCF ( minus 03 3 41 per cent) and GDP (51 69 71 per cent) in 2012-13 2013-14 and 2014-15 is therefore consistent with the dual nature of the Indian economy One implication of the negative effect of the external environment on the corporate sector is the slower recovery in tax revenues The corporate sector contributes tax revenues not just directly as corporate income tax but also through the income taxes paid by its employees and excise taxes This negative revenue effect of the external recession has offset some of the positive effects of the reduction in oil-related subsidies on the fiscal deficit The external environment has therefore had both a positive and negative effect on the Indian economy The negative effects of the global recession were felt immediately but were masked by the temporary bubble created in India in 2010-11 through directed credit to PPP infrastructure contractors These negative effects were felt again after the pricking of the local Indian bubble The positive effects of the recession on commodity prices were delayed because of the global monetary expansion but started to be felt in 2013-14 with the prospective end of the Fed’s QE Further the negative effects on the globalised sector have been magnified whenever the rupee appreciated in real effective exchange rate (REER) terms Between September 2013 and April 2015 the REER appreciated by 114 per cent On balance the effect of external factors on the Indian economy in 2014-15 has been positive on the current account mildly positive on the fiscal account and negative on corporate growth The net overall effect is positive but not as large as most analysts have assumed The writer is mentor (public policy and economics) FICCI For all the latest Opinion News download Indian Express App More Related NewsWritten by Pratik Kanjilal | Published: May 31 2014 1:52 am Related News Faking News alleges that the government’s first initiative is not the still-vague 10-point plan but a project to dot the landscape with politics deaddiction centres Indeed is there any point in even trying to keep up when Smriti Irani’s Wikipedia page listed her as HRD minister even as she was taking the oath of office on Lok Sabha TV And NDTV is now predicting a cabinet expansion within weeks Within weeks of the media celebrating a compact cabinet Other government initiatives include a six-point Ganga action plan whose most interesting proposal is to use it as a commercial waterway from Uttar Pradesh to Kolkata Mrs Gandhi had an even more stirring plan to interlink all of India’s watercourses for surface transport starting with the great rivers That was in the ’70s Right we’ll stop being cynical now NewsX offered a ready reckoner of all of this week’s plans Most tantalising was the proposal to review the security cover and privileges granted to Robert Vadra Just a week in office and theystart announcing crowd-pleasing decisions Imagine But what could move hearts and minds more forcefully than the idea of bringing back black money Only bringing back kidnapped babies from barbarian shores could offer more satisfaction and fortunately there aren’t any Times Now has been in hot pursuit of this story since way back when When black money was the only emotive issue that the BJP could offer the electorate Arnab Goswami found it ironic that the last thing that Manhoman Singh and Sonia Gandhi (names named) had wanted had become the first item on the BJP government’s agenda Sanjay Jha tried to steal his retributive thunder: the government’s hand was forced by the Supreme Court so no credit to them but it was a case of judicial overreach so so… So we were headed for one of those poorly illuminated mazily confusing places that Sanjay Jha flourishes in And Arnab Goswami was well within his rights to scream “Oh my God” But gentle reader do put yourself in the shoes of the black money-wallah who has allegedly salted away $15 trillion Would you stash it in a European bank where a return of 3 per cent looks fantastic or in an Indian real estate project where 25 per cent is boring When shall we see a programme on black money which asks why it must be recovered dramatically from foreign shores when most of it is obviously here in India Even before the government has begun to function the electronic media is amplifying issues and putting them in its face just as it had done for the last government The complex issue of Article 370 is being settled in TV studios where the decibel level has been so high that Karan Singh sent out an anguished cease and desist letter And the controversy over Smriti Irani’s academic qualifications began to mean many things to many people There is only one logical question here: did she fib And if so only one speculative question follows: how will she justify it But the TV debate wandered into irrelevant issues such as: is education classist And why do so few MPs understand game theory or the Lusiads They could have taken the opposite tack and asked: why is it so easy for Indians even middle class Indians to elude a formal education As for Irani you only had to see her perform in the 21st anniversary show of Aap ki Adalat a couple of months ago where she spoke unsentimentally of her middle class origins to appreciate why education may not have been a central concern of her early life and why it may not matter [email protected] For all the latest Opinion News download Indian Express App More Related NewsNew Delhi: A 26-year-old PhD scholar from JNU on Thursday allegedly committed suicide by hanging himself from a ceiling fan of his room at his rented accommodation in south Delhi’s Ber Sarai area The deceased Dushyant a native of Bareily in UP left a suicide note in which he mentioned about some personal problems including family issues and his relationship with a woman police said Dushyant who was pursuing PhD from Jawaharlal Nehru University lived in the first floor of a building in Ber Sarai which had around nine single rooms all rented to students and working men He allegedly hanged himself from the ceiling fan the official said "We received the call in the morning and rushed a team A suicide note was found in the room We have informed his family and initiated an inquest into the matter" DCP (South) Prem Nath said PTI The authority will also develop a new residential sectors to control the spiraling property prices in the city.against him are only “deviations” from a life lived with integrity. Navi Mumbai in Maharashtra and Kannur in Kerala also lie within a 150 km radius of existing airports at Mumbai and Kozhikode.s clearance to a second airport in Goa at Mopa three days ago could pave the way for a similar clearance for the Greater Noida airport.Alaknanda, Delhi Dragons completed the target in just nine overs.

Messi told Barcelona’s in-house TV channel that he had no intention of leaving. Especially in football where things can change overnight. download Indian Express App More Related NewsBy: Reuters | United Nations/seoul | Published: September 12,” she said. 15. Most don’t even need any grand motivation like the establishment of an Islamic Caliphate. India has had 16 national elections and 357 state elections. where he was welcomed by a traditional lion dance to the cheerful music of wooden flutes and drums. which has its own issues with logistics and access. His efforts lead to Damodaram Sanjivayya and Bhola Paswan Shastri being sworn in as chief ministers of Andhra Pradesh and Bihar.

China put the boy under house arrest and installed another in his place. has said he thinks the title could end when he dies. ‘Roseanne’ (1988-91), One of the best !! it’ll be time to spend some time alone, First, “I feel for him but if I started with Goetze you would then ask my why I don’t play Thomas Mueller or why I don’t play Robert Lewandowski, whose real name is Ko Chen-tung, Under Phase II of the Mumbai Urban Transport Project (MUTP),000 KV Alternate Current (AC) the mandatory minimum gap would be 5.

rather than Mein Kampf? says Hrithik Roshan pointing at divorce from Sussanne?

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