Reflex Action

Author: 
Anjan Roy

In line with expectations of a cut in interest rates, the Reserve bank of India has complied with the requests. It cut its repo rate (at which banks borrow from the central bank) by a quarter of one per cent. This is neither here nor there.
Immediately the cut was announced, the union finance ministry expressed its disappointment with the decision. North Block had hoped for a deeper cut in interest rates.

Author: 
Arun Srivastava

No one can find fault with Nitish Kumar for eulogising Narendra Modi. He has followed the beaten track. Often the turn coats sing paean in the praise of their new leader. Nitish is not an exception. He is politically correct in his assessment that no one is capable of defeating Modi in the 2019 Lok Sabha elections. Looking at the prevalent political situation, with Congress in a bind, it is utopian to expect that it would lead a comprehensive opposition to unseat Modi. 

Author: 
Amulya Ganguli

Union minister Muktar Abbas Naqvi’s remark that not singing Vande Mataram is not an anti-national act seemingly marks a new and somewhat unexpected phase in saffron politics. This is the same Naqvi who advised those who want to eat beef to go to Pakistan and who denied in parliament that the lynching of Pehlu Khan in Rajasthan took place.

Author: 
G. Srinivasan

The nineteenth round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee held its twelve-day protracted parleys in Hyderabad with Government of India hosting the event.

Author: 
Emile Schepers

In spite of threats from the Trump administration and sometimes violent demonstrations and a boycott by the right wing opposition, the scheduled elections for Venezuela’s National Constituent Assembly were held Sunday, July 30.
Just after midnight, the head of the National Elections Commission, Tibisay Lucena, announced that 8,089,320 Venezuelans had voted.  This represents 41.53 percent of the 19 million eligible voters in this country of nearly 32 million.

Author: 
Amulya Ganguli

Nitish Kumar’s departure from the “secular” camp has been a body blow to the Opposition, but it’s even more so for Rahul Gandhi.
The Bihar chief minister is the third person in the last two years to have deserted Narendra Modi’s opponents. The first was Himanta Biswa Sarma in Assam, who is now a minister in the BJP government in the state. He famously said that when he went to meet Rahul Gandhi before deciding to leave the Congress, the latter hardly listened to him while playing with his dog.

Author: 
Dr. Arun Mitra

It was astonishing when the union health minister Shri J P Nadda said in an interview on a TV channel that the government will institute inquiry in to the exorbitant prices of drugs. It would be naive to believe that till date the government was ignorant about this.

Author: 
Subrata Majumder

Speculations are rife over the impending new era of Sino-India economic relations. Political and economic relations, which were intertwined hitherto, moved diagonally opposite to each other. Despite border standoff intensified at Sikkim, Bhutan and Tibet tri-junction, Chinese investment initiatives are unlikely to be debilitated. Border tension is not new. Before, whenever the border tension erupted, it had a drag on Chinese trade and investment in India. India used to restrict Chinese investment with a plea on security concern.

Author: 
Himanshu Khandelwal

The Indian market made a historical day on Tuesday this week when Nifty touched the magic level of 10,000, driven by better earnings from blue-chips and strong liquidity. However, profit booking at higher levels pulled the market down to a mild correction, attributed to a psychological effect, muted Q1 results for midcaps and the forthcoming Fed monetary policy meet.

Author: 
Nitya Chakraborty

The Communist Party of India (Marxist) leadership is in the habit of committing major political blunders in the month of July. The earlier historic blunders took place at the central committee meetings in July 1996 by rejecting the proposal to  make Jyoti Basu the Prime Minister and in 2008, the CC decided to withdraw from the UPA Government of Dr. Manmohan Singh on the issue of the India-US nuclear deal.

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