The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Within two weeks of the speech, the prime minister flagged off the Pradhan Mantri Jan Dhan Yojana, and the day was marked by announcing its outcome on the very first day of its implementation.
India has undermined its own credibility.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Excerpts from a speech on the Supplementary Demands for Grants, December 15.
'In a country like ours, people talk about wanting to be like Singapore, but when it comes to paying taxes, they start criticising.' 'The medicine is bitter, but the long term effect is good,' Senthil Natarajan, who runs Kovai Pazamudhir Nilayam, a one of its kind fruit and vegetable chain in Tamil Nadu, tells Rediff.com's Archana Masih.
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The ball is now in the Reserve Bank of India's court to lift up demand, says Ajay S Shriram.
Many things could play spoilsport for the Indian economy.
'A drought is like a fire. It licks everything in its wake - crop, trees, animals, humans...' The plains of the Ganga in Bihar have a raw, unmatched, beauty, but also bear the anguish of its farmers.
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
Indeed, Prime Minister Narendra Modi, who as Gujarat chief minister was considered close to certain business groups and industrialists, has hardly been seen with any Indian business head.
The success of the government will depend substantially on the quality of its team of key ministers, officials and advisors
Control over PSU banks is what is allowing the government to drive this scheme.
The government is following a path where it will not be irresponsible or profligate with public money but will intervene in the interest of the poor
"Reform is not an end in itself. Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," he said.
Supreme Court allows more instruments to use the biometric card.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
'Modi as chief minister did a superb job of rehabilitation after the Kutch earthquake of 2001. He can use that hard-earned expertise for the benefit of the people of Kashmir too -- but only if they let him do so,' says T V R Shenoy.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
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Modi government has taken some interesting policy decisions in the 100 days since the time he met President Pranab Mukherjee to present his claim as Prime Minister of the world's largest democracy, says Tanmaya Nanda.
Swadeshi economist, columnist and chartered accountant S Gurumurthy speaks to Shobha Warrier about one year of Modi Sarkar.
Dr Ashwani Mahajan, all India co-convenor of the Swadesh Jaagran Manch and an associate professor at the Delhi University, discusses the state of the Indian economy in an interview with Rediff.com's Shobha Warrier.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
Contrary to the bragging that marked its two-year anniversary, the government's timidity on reform is simply astounding.
While Rajnath Singh said secularism was the most misused word in politics, Sonia alleged that ideals and principles of the Constitution were under threat and being attacked deliberately
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
'The finance minister and the government have met the immediate challenge. The wine this time is new and also in a new bottle, which, though not full, is less than half empty.'
The Economic Survey was tabled in the Parliament on Friday.
'The only narrative before India is what Modi and the BJP is presenting.' 'Nationalism has been taken as a serious plank by the BJP and RSS.' 'They want to keep the nationalism thing alive to make people forget the economic reality.'
Partial dismantling of subsidies, movement towards a more transparent policy on natural resources and moves to make India more inviting for foreign investors, are some of Modi government's big achievements.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
'The Opposition has no option but to make it an 'All versus One' fight to even think about winning.'
India Inc is encouraged by a determined Budget.
Narendra Modi was both conciliatory and mocking towards the Opposition, particularly Congress, during his hour long reply to the debate on the motion of thanks to the President's address in the Upper House.
Petroleum and Natural Gas Minister Dharmendra Pradhan speaks to Sheela Bhatt/Rediff.com.
Chief Economic Advisor Arvind Subramanian's interview.
On display was India's military might and cultural diversity.
'By resorting to divisive issues, the BJP is giving the impression that even if it is voted to power it won't do anything new to give Bihar a facelift. It will repel voters with the belief that the BJP can't do anything without communal polarisation as its core ideology. This is sad and unfortunate,' says Mohammad Sajjad.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
Modi government has to come up with a robust economic agenda to impress the masses.
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