If we persist in talk and little action, I think we will slip. I fear the consequences of sustained slow growth. We need strong, sustained, clever action today, Rajan said.
Between August and September Finance Minister Nirmala Sitharaman toured the length and breadth of India meeting traders, experts and entrepreneurs to gauge the pulse of the nation, reports Ruchika Chitravanshi.
It will be in Modi's interest to reinvent his party, read the writing on the wall that voters wrote, and move ahead. He has little choice now. The country is watching, asserts Ramesh Menon.
The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.
No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission, should the government of the day refrain from taking an active interest in policy making for the next five years and let that be the function of the new government?, asks A K Bhattacharya.
In her first address to a joint sitting of the two Houses in the new Parliament building in which she touched on varied issues ranging from insurgency to inflation, Murmu said a country can progress at a fast pace only when it defeats the challenges of the past and puts maximum energy into building the future.
'We emphasise the importance of not basing investment decisions solely on electoral outcomes.' 'Instead, focusing on investing in high-quality businesses capable of prospering regardless of the political landscape is paramount.'
Israel's Supreme Court overturned a contentious government plan to curtail the powers of the judiciary on Monday, The Times of Israel reported.
Chief Justice of India (CJI) D Y Chandrachud's first 100 days in office saw the Supreme Court take a giant leap towards reforms, especially making courts more technology-friendly, and ensuring relatively fast judicial appointments including those of eight judges to the apex court.
The MNS chief started his speech with the name of Nehru, then paused. After a few tense seconds, he resumed: "After Nehru, here is the only politician who will be PM for the third term."
Some have been cherry-picked to assert the BJP's supremacy over its allies or, significantly, its leaders who charted an independent course in the recent past.
Finance Minister Nirmala Sitharaman on Monday said the government's Aatmanirbhar packages totalling Rs 27.1 lakh crore to deal with the COVID pandemic, accelerated the pace of structural reforms. In the first ever paperless Union Budget, Sitharaman also proposed the introduction of Aatmanirbhar health programme with an outlay of Rs 64,180 crore.
No limit exists on the number of electoral bonds that a person (including corporate entities) can purchase.
Of these, 200 are fielded by the BJP, 196 by the Congress and the rest belong to other political parties.
Mizoram will be voting for total 40 seats in a single phase while polls in Chhattisgarh (90 seats) will be conducted in two phases on November 7 (20 seats) and remaining 70 seats on November 17.
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
Defence Minister Arun Jaitley said perhaps for the first time after Independence, such a big and 'far-reaching' reform process is being initiated in the Army.
ICICI Lombard General Insurance Company reported financial improvement and optimistic commentary in Q4FY24. It reported 17 per cent year-on-year (YoY) growth in Gross Written Premium (GWP) and 115 bps improvement in the Combined Ratio (COR) in FY24, and improved COR guidance with COR going from 104.5 per cent in FY23 to 103.3 per cent in FY24, 102.4 per cent in FY25 and 102.0 per cent in FY26.
The 5G networks have rolled out in 738 districts across the country, and around 100 million subscribers are using these services, marking one of the fastest fifth-generation rollouts in the world, Parliament was informed on Wednesday. Telecom service providers have also committed a total investment of Rs 2 lakh crore, including a commitment of Rs 1.5 lakh crore for spectrum acquired through auction in July-August 2022, Minister of State for Communications Devusinh Chauhan said in a written reply in Lok Sabha. "As on November 24, 2023, 5G networks have been rolled out in 738 districts across the country and a total of 3,94,298 base stations have been installed with around 100 million subscribers using 5G services," he informed.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
Addressing civil servants on the 15th Civil Services Day at Vigyan Bhawan in New Delhi, he said every decision should be evaluated on the basis of its capacity to strengthen the country's unity and integrity.
In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
'Article 370 offered very important protections that were related to people's day to day lives.'
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
'After a month of working on the new machine, I realised that the black glass on the VVPAT lets the programmer manipulate not just the electronic system, but the paper vote too.' 'And it will not be detected even during the mock poll or the actual voting because of the black glass.'
Leaders of several opposition parties on Thursday hailed the Supreme Court verdict striking down the electoral bonds scheme and termed it an important step in ensuring transparency in electoral funding.
Anjuli Bhargava reports on how the Aam Aadmi Party is making quality education more inclusive and at no cost to parents.
'The 2024 election results will lead to much intense targeting of Modi, more intense debates, many more breakdowns in Parliament and many more movements on the streets.' 'The results have hit Modi's standing, and the politics of the Opposition parties will be sharply focused to ensure that Modi doesn't get back his charisma of being 'invincible' with help of State power.' Sheela Bhatt looks at the political situation through the prism of 2024 Lok Sabha election results.
The external affairs minister, speaking at a media summit organised by the TV9 Network, described the rise of India and China as "significant" in the global geopolitical scenario.
Sharma is Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management.
The next time you hear a call for "reform", it might be useful to ask, "For whose benefit is this reform?"
Reforms under the Modi government will maintain a slow and tentative pace, constantly wary of political opposition. It may not be reform by stealth, but it is reform on the quiet, says A K Bhattacharya.
New-generation private sector banks such as ICICI, HDFC, Axis, Kotak etcetera owe their existence to the recommendations of the first Narasimham Committee.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
In the current year, India's economy will grow to become $ 3 trillion economy, sixth largest in world.
The Congress veteran said that a stronger emphasis needs to be laid on grassroot leadership and that there is a need to rebuild the party's structure.
Among the Sensex firms, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Wipro and JSW Steel were the major gainers during the morning deals. Nestle, Bharti Airtel, Axis Bank ITC were among the laggards.
40,78,680 voters will elect 20 MLAs in Chhattisgarh on November 7, 2023.
The Telecommunications Bill, 2023, which was passed by a voice vote after a short debate, also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety.
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