Reforms do happen and one example is Odisha which has taken steps to create a dedicated municipal cadre.
If the states do not chip in with better governance procedures in the setting up of new businesses, providing electricity connections, enforcing contracts, issuing construction permits or registering property, there is little the Centre can do on its own to quickly move India up the index on ease of doing business, says A K Bhattacharya.
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The catalyst is the run on emerging market equities, but many investors are just tired of waiting for India to get its act together.
Besides advancing the presentation of the Budget to perhaps the first week of January, , there are four new initiatives that could be rolled out from the next Budget, says A K Bhattacharya.
The government's stated vision is that it wants to make India a manufacturing hub and that is where such a rush or confusing policies don't help, reports Shubhomoy Sikdar.
The new numbers clearly had very different implications.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
In its investor presentation, IHH said it wanted to develop Fortis into a market leader.
A second vote will be held on Wednesday, on measures including justice and banking reforms, when a similar outcome is expected.
During the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were found
Startups in India need low-cost debt for working capital, which is impossible to get.
Budget clearly prioritised growth over fiscal consolidation, said Atsi Sheth, Senior VP, Moody's Investors Service.
Cash withdrawal limits likely to continue
The result of the opinion polls would allow the government to move ahead quickly to reach a deal with creditors
'Modi's advent has made the mass of Indians realise that there was absolutely nothing wrong or objectionable in proclaiming nationalism as the masthead of the polity and Hinduism as its centerpiece,' says B S Raghavan, the distinguished civil servant.
News of all that's transpired on and off the football field
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
It's hoped the negotiations can be wrapped up by August 20.
Prime Minister Narendra Modi has five key aspects to his style of leading -- total command over bureaucracy, direct approval on every decision, flexible approach to issues, importance of communication and adept at repackaging schemes, says A K Bhattacharya.
The government is looking at building by-laws and floor area ratio so that you can build up instead of out, thus requiring less land.
'The government must covertly eliminate the leaders of terrorist organisations abroad so as to eliminate the problem at its roots,' recommends Brigadier Gurmeet Kanwal (retd).
Private banks are assumed to be more efficient at intermediating between depositors and investors.
Responding to questions, the World Bank president insisted that this slowdown is temporary.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Modi is keen to get more investments into Gujarat.
The nullifying of the NJAC Act has put the spotlight on the Judiciary. Concepts like transparency, being open to change, leading from front, management of perceptions that were reserved for the Executive earlier are now relevant for the Judiciary as well, says Sanjeev Nayyar.
The Swiss National Bank, the country's central banking authority, has estimated the funds currently held by Indians in Swiss banks at a mere $1.98 billion. Fear of disclosure due to greater scrutiny of this illicit wealth has played the main role in the flight of capital.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
The new government has to make conscious efforts to rebuild social equality and bring the people together.
There are limitations to milking national security, says Sanjeev Nayyar.
Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.
Bimal Jalan, has recommended to the government that it cut fiscal deficit to 3.6 per cent of the GDP during 2015-16.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Rajan said expecting the government to provide all solutions wasn't right.
The RBI has made serious attempts to improve fiscal deficit.
Financials were among the top losers along with Sun Pharma and index heavyweight Reliance Industries
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
