The government plans to inject a total Rs 70,000 crore into the lenders over four years
French companies have invested more than $1 billion per year in India.
Government is expected to rely more on divestment proceeds to keep the fiscal deficit in check
The Prime Minister tends to keep such decisions close to his chest.
India is more insulated to Fed-related volatility than other emerging markets due to its better economic fundamentals
GST is intended to create a single market and boost commerce in India's $2 trillion economy
Clouding the inflation outlook is the recommendation of the 7th pay panel for an average 24 per cent pay hike for millions of its employees, which would lift demand-driven price pressures.
Trade ministers from 162 WTO countries will gather in Kenya's capital from Dec. 15-18 to work on an agreement to liberalise global trade.
Encouragingly, the recovery also appears to be becoming broad-based
Critics say the crackdown is to muzzle dissent and Rijiju's actions could lead to less foreign aid for projects that fight child marriage, provide clean water in slums and feed pregnant women.
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
Western businesses and diplomats in Delhi privately say Modi's reputation as a man of action has been hurt by setbacks on economic reform.
The government is aiming for an 8-10 per cent annual economic growth.
The rapid deceleration in prices has ignited a debate in New Delhi whether Asia's third-largest economy is heading towards deflation.
The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax.
Addressing a business conference, Jaitley said it was important to stay on the path of reform and build momentum to achieve higher economic growth.
Many officials had been talking of taking the baton of global growth.
Fifteen months after taking power, Modi's credibility as an economic manager is on the line.
Robust growth in indirect tax receipts points to a nascent revival in manufacturing sector.
Local businesses are fretting over reform setbacks.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances