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The Islamic State has invigorated jihadi establishments in South and Southeast Asia. It has shaken up the al Qaeda, so far occupying the spiritual pedestal of Islamist Jihad, spurring it to announce the formation of a branch in the Indian subcontinent. Apparently, the Indian subcontinent won’t remain unscathed with the contesting constituents of Islamist jihad locked in a battle of dominance.
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The past week was one of the most eventful post the general elections, and the action continued till Saturday with a landmark speech by Prime Minister Narendra Modi at the U.N. General Assembly and Tamil Nadu Chief Minister Jayalalithaa Jayaram being sentenced to four years in jail in a corruption case. Markets were volatile and the Nifty closed the week at 7,968, down 2 percent despite a recovery on Friday.
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
(Any opinions expressed here are those of the author and not of Thomson Reuters)
G
DP growth of 5.7 percent in the April-June quarter was unexpected in view of the southward drift of India’s economy over the past two years. No wonder it pepped up the Bharatiya Janata Party-led government at a time when the ruling coalition is listing its achievements after 100 days in office. The question is where this growth came from and whether it will be sustained in future.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
The Nifty closed at a new closing high of 7,954 amid volatility in an eventful week that started with the Supreme Court ruling that the allocation of more than 200 coal blocks over the past two decades was illegal.
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Inflation has been high for nearly four years and has not responded to the policies of the Reserve Bank of India or the central government. This is because the kind of inflation that we have is of an unusual variety and cannot be checked by conventional means.