Emerging markets have different dynamics at play and they are rather dispersed across the spectrum than being a homogeneous group. Therefore, it is a bit difficult to discuss them as a class. Let me, however, use this opportunity to talk about India - how we are placed in the current environment and what the specific issues/challenges are that we are faced with.While generally sharing the problem of high corporate leverage with most emerging markets as well as with the developed world, India presents some exceptions. These exceptions are in the form of moderately higher growth, favourable demographics and persistent inflation. The accommodating policy stance and other conventional and unconventional monetary and fiscal measures taken in the immediate aftermath of Global Financial Crisis have been long unwound. We have been fighting a battle against high inflation and have been on a tight monetary policy regime for some time. You may be aware that we have moved to a CPI-based inflation

There can't be room for complacency

Business Standard

Pakistan white ball captain Mohammed Rizwan and PCB chairman Mohsin Naqvi on Tuesday termed ICC's decision to hold the Champions Trophy in a hybrid model as a significant milestone for the country.
Pakistan will play host to an ICC event after 28 years as the last global tournament held here was the 1996 World Cup.
"As a cricket loving country, we are all very excited to host the ICC Champions Trophy 2025. It is a great occasion as Pakistan welcomes the first ICC event to its shores in 28 years and especially as we are the defending champions, Rizwan said in a PCB media release.
"We eagerly look forward to playing in front of our home crowd, he added.
The hybrid model meant that India will play all their matches in Dubai with the marquee clash against Pakistan scheduled on February 23.
Naqvi was delighted to see Pakistan hosting a part of the showpiece under the hybrid system.
"We are pleased that an agreement has been reached based on the principles of equality and respect, ...

Mohammad Rizwan

Soaking in the glory of her match-winning maiden ODI century, India's Harleen Deol on Tuesday said she had dreamt of this moment repeatedly during her recovery period from a knee surgery earlier this year.
Deol's blistering 103-ball 115 laid the foundation for India's commanding 115-run win over the West Indies in the second ODI, securing an unassailable 2-0 lead in the three-match series.
"It is a very proud moment for me, waiting for it for a long time. Just enjoying it (at the moment)," Deol, who was adjudged the Player of the Match, said during the post-match presentation.
"It means a lot to me (to score a hundred). When I was in rehab, that was what I was thinking about day in, day out, with the ultimate goal being to make my team win. Today was that dream, so I just went with the flow."
Reflecting on her innings, studded with 16 boundaries, Deol said, "When I came into bat, I had that much time (to build my innings). Thought of just playing some cricket and thought that the m

Harleen Deol

The stringent measures under the stage-IV of the Grap in Delhi were lifted on Tuesday, following an improvement in the AQI

India Gate

Multan will host back-to-back tests when Pakistan plays the West Indies next month, the domestic cricket board said on Tuesday.
With stadiums in Rawalpindi, Lahore and Karachi being upgraded for February's Champions Trophy, it has left the Pakistan Cricket Board with Multan as the only option to host the two-test series against the West Indies.
England also played back-to-back tests in Multan in October because of the renovation work in Karachi and Lahore.
The West Indies squad arrives on Jan. 6 and will play a three-day warm-up game in Rawalpindi against Pakistan Shaheens. The first test is held from Jan. 17-21 and the second starts on Jan. 25.
It will be West Indies' first test series in Pakistan for more than 18 years, although both nations played a test series in the United Arab Emirates in 2016 when UAE was Pakistan's home venue.
West Indies named uncapped batter Amir Jangoo in its 15-strong squad after he smashed a century on his ODI debut against Bangladesh earlier this ...

Pakistan cricket team

For a state that witnessed two elections of great significance this year and accounted for more than 20 per cent of athletes in India's Paris Olympics contingent, it is only fitting that the year's top newsmakers came from two fields: politics and sports.
Add to the mix, the issues of farmers and farming -- farmers' protest remained a constant underrunning theme in the state's sociopolitical discourse through the year -- and Haryana's 2024 round-up is almost complete.
As Haryana seemed to be settling into the regular humdrum of daily politics after high-pitched election season came the unsettling news of the passing of its five-time chief minister and political stalwart Om Prakash Chautala. He died on December 20 at the age of 89.
The state entered 2024 with a great deal to look forward to for everybody: a BJP looking to repeat the 2019 feat of winning all 10 LS seats and also retaining power in assembly, a Congress emboldened by projections it would wrest back a large number of ...

Farmers Protest, Protest, Farmer Protest

Bharat Petroleum Corporation Limited announced two major energy projects in both traditional and renewable energy sectors

BPCL, Bharat petroleum

Change in sale of old EVs a simplification measure

popcorn

The comment by exporters' body comes at a time when Trump threatens to impose high tariffs on Chinese goods

export import trade

Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.
Bihar Governor Rajendra Vishwanath Arlekar has been named the governor of Kerala in place of Khan, according to the Rashtrapati Bhavan.
Arif Mohammed Khan has been appointed as Bihar Governor, the Rashtrapati Bhavan said in a statement.
President Murmu has accepted the resignation of Odisha Governor Raghubar Das, it said.
Mizoram Governor Hari Babu Kambhampati has been appointed as the new Odisha Governor in place of Das, the statement said.
These appointments will take effect from the dates they will assume charge of their respective offices, it added.

Droupadi Murmu, Murmu, President, Arif Mohammed Khan

Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)

Tata, Tata Group

According to Radio Free Asia, this shipment is part of a larger order of 122 tanks expected over the next two years. While the M1A2T is regarded as one of the most advanced main battle tanks globally

China Taiwan

Indian Army said - Indian Army reacted swiftly for the rescue. In a remarkable display of coordinated efforts, Indian Army Columns along with NDRF and State rescue teams have been relentlessly working

building collapse, Bengaluru building collapse

While speaking at the "Hala Modi" community event at Kuwait's Sheikh Saad Al-Abdullah Indoor Sports Complex, PM Modi highlighted India's rapid transformation in various fields, including technology

Digvijaya Singh, Digvijaya

Initially, the petition was filed in the MP-MLA court, where it was dismissed. However, the petitioner pursued the matter by appealing to the District Judge Court

Rahul Gandhi, Gaurav Gogoi

Reports indicate that three prominent Saudi clubs-Al Ahli, Al Ittihad, and Al Qadsiah-are all vying for the England international's signature in January.

Marcus Rashford

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

Prime Minister Narendra Modi Sunday left for home after wrapping up his two-day "successful" visit to Kuwait during which the two countries elevated their relationship to a strategic partnership, marking a new era of bilateral cooperation and growth.
"A historic & successful visit to Kuwait concludes! PM @narendramodi emplanes for New Delhi," Ministry of External Affairs Spokesperson Randhir Jaiswal said in a post on X.
Modi's visit to Kuwait was the first by an Indian Prime Minister to the Gulf nation in 43 years.
During his visit, Modi held extensive talks with the country's top leadership, including Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, with whom he discussed boosting ties in information technology, pharmaceuticals, fintech, infrastructure and security.
"In line with the close ties between our nations, we have elevated our partnership to a strategic one and I am optimistic that our friendship will flourish even more in the times to come," Modi said in a post on X.
Modi

Modi Kuwait

The overarching theme of this year has been the RBI's new approach to vigilance

RBI, Reserve Bank of India

After two weeks of buying, FPIs turned net sellers in Indian equities this week, with a net withdrawal of Rs 976 crore amid a strengthening US dollar and steady rise in US 10-year bond yields, impacting investor sentiment.
Foreign Portfolio Investors (FPIs) began the week on a positive note, investing Rs 3,126 crore in equities during the first two trading sessions (December 16-20).
However, the trend reversed in the latter half of the week, with FPIs offloading equities worth over Rs 4,102 crore in the subsequent three sessions. This resulted in an overall net outflow of Rs 976 crore during the week, data from National Securities Depository Limited showed.
Despite this short-term reversal, the broader December trend remains positive. FPIs have infused Rs 21,789 crore into Indian equities so far this month, reflecting continued confidence in India's economic growth potential and its resilient markets.
FPIs adopted a cautious approach due to the US Fed meeting and uncertainty about 

Foreign portfolio investor exodus: Financial sector bears the brunt, FPI

S S Mundra

S S Mundra

S S Mundra

There can't be room for complacency

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Significant milestone: Rizwan, PCB chief Naqvi hail CT scheduling

I was thinking about it during rehab: Harleen Deol on maiden century

Delhi air quality drops to 'very poor' category, Grap-IV measures lifted

Multan to host back-to-back Tests between Pakistan, West Indies next month

Haryana 2024: Election hustle, farmers' protests bookend sporting glory

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