13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
China is expected to unveil its investments in India during President Xi Jinping's visit to New Delhi, scheduled for the third week of this month.
If Modi rethinks on pro-biz policies, investors will suffer.
Long accused of being a route for avoiding taxes for foreign investments into India, Mauritius says it has put additional safeguards in place to thwart such wrong perceptions and to boost its image as a preferred global financial centre.
'If Indians are to be truly protected, Parliament must review and address these dangerous provisions before they become law.'
A divided party -- not the quashing of the Adarsh report -- will spell doom for the Congress in Maharashtra, argues Neeta Kolhatkar.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
After allowing FDI by foreign carriers in their Indian counterparts, the government has put in place provisions to prevent Indian airlines from being controlled and managed by the foreign investor.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
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Eminent free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi's new Policy Commission, set up to modernise economic strategy after decades of Soviet-style central planning.
'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
India's antitrust regulator has approved Sun-Ranbaxy deal, subject to the companies divesting seven products.
US President Barack Obama on Sunday affirmed his commitment to enhancing India's 'voice and vote' in global financial institutions like IMF.
This Budget signals a shift from a hand-out to a hand-up economy.
Telecom Regulatory Authority of India has recommended up 62 per cent reduction in base price of premium 2G spectrum and up to 37 per cent in case of radiowaves freed from the cancellation of 122 licences, compared to the amount fixed for previous auction.
The scandal revolves around accusations that money was demanded from top athletes to 'bury' medical tests showing drug use
News of all that's transpired on and off the football field
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Mumbai is observing the sixth anniversary of the dastardly attacks that shook the city
Poor predictability, credibility and effectiveness of fiscal performance have been key reasons for successive governments failing to deliver on their promises.
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It would be fair to say that markets are coming to the end of a down-cycle and are at the cusp of the next up-cycle.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
'At this moment, the Trinamool has an edge.'
'1998-1999 was the only year in the last quarter century that India had net-negative foreign investment.' 'Foreign money ran away from India that year because capital is a coward and does not like uncertainty of the sort produced by such casual treatment of a destructive technology,' says Aakar Patel.
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
The president of a top Honduras football club and two family members were charged by US authorities on Wednesday with engineering a decade-long scheme to launder drug trafficking and foreign bribery proceeds through US accounts.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
Predatory pricing petitions against Ola, Uber were filed from across cities.
Finance Minister Arun Jaitley had came out with a host of proposals last month.
The Economic Survey called for improving business environment.
Likely to be merged with Union Budget from FY18
Citing the complaint, the Bharatiya Janata Party said in New Delhi asked Gandhi to come clean on the matter.
Terrorism and Afghanistan were the focus points of Prime Minister Narendra Modi's talks with Uzbek President Islam Karimov on his first visit to Central Asia.
'We need to take steps towards ease of doing business.'
Several changes have been carried out in the existing rules or Civil Aviation Requirements, including one which clearly states that a passenger airline 'shall not enter into an agreement with a foreign investing institution or a foreign airline, which may give such foreign investing institution or foreign airlines or others on behalf of them, the right to control the management of the domestic operator.'
What is required from government is intellectual framework.
'We cannot ignore the role of public institutions in driving development... I don't see much focus on institutional renewal.'
