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.
Recently, The World Bank has come up with the latest figures on the wealthiest countries in the world.
The fragmentation of politics and the pressures of coalition management have contributed to a near-secular rise in budgetary social expenditures and spending on subsidies since 1991, leaving little fiscal space for government-led capital investment.
Mohandas Pai took part in an hour-long chat on rediff.com
Pranjul Bhandari, Chief India Economist, HSBC, speaks about a range of issues ranging from inflation, to how Goods and Services Tax and land acquisition bills can help India hit double digit growth, and her impressions about economic growth in the last one year after Narendra Modi took over as India's Prime Minister.
'I say Modi was India's last chance.' 'Because the kind of work this government has done -- I'm talking about physical delivery -- is fantastic, like no time in our history.'
Tripura's popular chief minister shows up the failures of the elitist central leadership of India's Left, says Devesh Kapur
Today, Apollo Tyres is the first made-in India automotive brand to be sold in Europe independently.
India will have to deal with the question of whether broadband service providers are 'common carriers', like highways.
This Budget signals a shift from a hand-out to a hand-up economy.
'Chief Minister Devendra Fadnavis called us for a meeting in March 2016 and we submitted the same charter of demands that we are submitting now.' 'He gave us wishy-washy assurances.' 'We thought he was the new chief minister and we believed him, but later we found out that nothing is moving on the ground.' 'This time we want a written assurance and a concrete timetable for implementation.' 'We will not leave Mumbai, come what may.'
Tax incentives to have cascading effect on the capital goods industry.
Increase in taxes on luxury cars will not have any effect on the demand
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like? Archana Masih reports from India's other most talked about state.
Replying to a debate on Motion of Thanks on the President's Address which was adopted by the House later amid walkout by Congress, he replied point-by-point to the issues raised by the Opposition, including surgical strikes and allocations for Mahatma Gandhi National Rural Employment Guarantee Act, agriculture sector and for Scheduled Castes. Opposition had moved 190 amendments to the Motion which were negated.
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
M R Venkatesh, chartered accountant turned political commentator tells Shobha Warrier/Rediff.com that Modi's war is not against the opposition parties or the Congress but against the bureaucracy and the establishment.
Young, ambitious workforce learns skill degrees come with no guarantees.
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
Rahul would know that fealty can be a fickle thing, and that if the Congress bucks the trend and actually wins the next national election, selfies with him would find their way from phones to walls, replacing those taken with Modi.
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people.
An ambitious long-term vision to ensure economic connectivity between India and the rest of Southern Asia is critical to India's trade policy objectives.
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We present Prime Minister Manmohan Singh's full speech as he addressed the country on the occasion of 66th Independence Day, from Red Fort, Delhi.
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Can the leaky public distribution system, or PDS, deliver the subsidised grain to two-thirds of the population?
Scientists at the India Meteorological Department warn that not only has India turned hotter in the last two decades, but that heat waves are projected to become more intense, have longer durations and greater frequency, thereby resulting in more deaths.
Silicon Valley can be replicated, but this will only be achieved so long as fresh talent is welcomed by both our countries - a move that will surely spark a billion ideas and discoveries.
It is time for Mr Modi to be a little more reasonable and rational.
In an interview with Shobha Warrier/Rediff.com, he talks about the economic policies of the Narendra Modi government and whether achche din is really coming.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
It was between 2010 and 2014 that wildlife biologists began to realise the heavy proliferation of tigers in the Bandipur National Park in Karnataka. The fiercely-territorial beasts are today locked in battle for dominance with man and his cattle.
Transcript of the Ganesh Natarajan chat on rediff on Friday.
Raja Chari is in training to go to space in 2019. Vaihayasi Pande Daniel presents the story of his journey from Cedar Falls, Iowa, to NASA. A Rediff.com Exclusive!
'The present government's greatest weakness is its intolerance. Tolerance is the key tenet of democracy. How can any government stop someone from speaking one's mind?'
Chief Economic Advisor Arvind Subramanian's interview.
Global working conditions have worsened in 2014.
Following is the full text of Congress vice-president Rahul Gandhi's speech at FICCI's 86th annual general meeting on Saturday:
With EU, it is part of the FTA that we will need to negotiate.
'The Modi-Xi and Modi-Obama meetings, with an interval of just 12 days, are juxtaposed superbly at a crucial point in the prime minister's life. Can Modi carve out a win-win situation with the superpower and the emerging superpower at the same time?'
On the occasion of Chinese New Year, we bring you a look at what 2015, the Year of the Sheep has in store for you!
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