Sam Pitroda said that the MTNL-BSNL merger is not the only solution and asked the government to give them more autonomy by lowering its stake to below 51 per cent.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
The Confederation of Indian Industry and ASEAN on Monday set up two task forces in pharmaceuticals and agriculture and food processing to prepare a strategy document to outline a roadmap for cooperation in these sectors.
The GDP growth for 2013-14 has been lowered to 5.3%, from 6.4% in April.
Indian markets may see some weakness in stocks post Fed hike.
It is time the government cast its net wide for seeking expert advice on managing the Indian economy and formed a group to help it navigate the difficult days ahead, advises A K Bhattacharya.
The group was banned for five years under anti-terror law on grounds that it was "in close touch" with militant outfits and is expected to "escalate secessionist movement" in the state.
India needs a National Trade Policy Council, chaired by a minister who reports directly to the PM, says Jayanta Roy, former economic advisor to the Union commerce ministry.
Data earlier on Thursday showed the annual consumer price inflation rose to a higher-than-expected 11.24 per cent in November from 10.17 per cent in October.
She asserted that it is the duty of the prime minister to monitor progress in any deal or project and if the PMO checks on these, it cannot be termed as interference.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
'The lay of the runway is not at all safe.' 'Even operating a 737 is dangerous there.' 'During the monsoon, they must ban landing on runway 10.'
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
The noted economist said some of the bad loans are due to a slowdown in the economy and asset restructuring companies are part of the solution.
There is a need for tax reforms in the country in a bolder way, Singh said.
'The CEA suggested that could be as high as 19 per cent.'
The JCB Prize for Literature is worth Rs 25 lakh.
The head of the Congress's first family has never been an astute politician, points out Amulya Ganguli.
Congress President Sonia Gandhi, who was taken ill on Monday, was back in the Lok Sabha on Thursday to attend the debate on Land Acquisition Bill but did not participate in voting the legislation which was being pushed by the National Advisory Council headed by her.
India's curve, yet to flatten vis-a-vis countries with similar or more conservative plans to ease restrictions, still points to 'exponential growth', despite India having tested much fewer people.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
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The stock market responded to his speech by going up by over two per cent; the rupee also gained in strength, by about 1.45 per cent, against the dollar.
Economists want the government to focus on jobs, farms, and fiscal consolidation. They also favour re-imposition of the long-term capital gains tax on listed securities and mutual funds.
In a paper, EAC-PM accused Subramanian of "cherry-picking high-frequency indicators" to express his skepticism about the growth rates after 2011-12.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
Most economists were of the view that the NSSO should release the data, as any move to withhold it will dent the image of country's statistical system.
The NDA government was initially reticent about fleshing out its economic strategy for the future. But now that it has taken enough bold initiatives on the economic front it must have the confidence to tell us more about its approach going forward, says Abheek Barua.
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Stepping in to pacify agitating ex-servicemen over the 'One Rank One Pension' issue, Prime Minister's Office on Tuesday held talks with representatives of the protesters who have agreed not to escalate their agitation for next 10 days.
If Manmohan Singh was hobbled by allegations of sleaze and a stagnant economy, Modi faces the twin challenges of high unemployment and an uncertain and potentially volatile situation in Kashmir, points out Amulya Ganguli.
In the midst of huge job losses as a fallout of the coronavirus pandemic, Tamil Nadu Chief Minister Edappadi K Palaniswami has signed 17 MoUs for an investment of Rs 15,100 crores that aim to provide 47,100 jobs. But a clearer picture on where the projects stand will emerge only after the Covid-19 induced fear psychosis ends, to see if popular protests will derail them like they have done so many others, says N Sathiya Moorthy.
It appears the row over the article penned by senior Bharatiya Janata Party leader Yashwant Sinha refuses to die down.
'The economy may not improve unless you admit there are some problems.'
Reserve Bank of India Deputy Governor Viral Acharya is the eighth economist to quit since the Modi government took office.
American sprinter Tyson Gay's former coach has been suspended for eight years for doping violations, the US Anti-Doping Agency said on Wednesday.
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