Referring to long-pending insurance bill, he said "we are on the verge" of opening the sector a little more.
In the near term, the key driver will still be the government's fiscal spending.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Prime Minister Narendra Modi was elected last year on hopes he would revive a languishing economy.
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'India is doing better than when we took office 17 months ago'.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
According to the amendment adopted by nations, developed countries will reduce HFCs use first, followed by China along with a large number of countries.
'Decisions on nuclear power have so far been taken by a small select group, primarily interested in profiteering from their actions, stating 'secrecy' as necessary from the national security point.' 'This argument is false, because we are dealing with the 'civilian' nuclear power sector, which is open even to the IAEA,' says Dr A Gopalakrishnan, former chairman of the Atomic Energy Regulatory Board.
Sensex climbs higher on favourable global cues.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
In a major jolt to India's solar energy programme, the Rajasthan government might cancel the 4,000-Mw solar UMPP (ultra mega power project), which was expected to come up near Sambhar Lake.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Rediff reader Kamaljit Medhi tells us how a chance meeting with Arpana rekindled their love in the sleepy town of Digboi.
'The days when less government, more governance were spoken of are well and truly behind us.' 'More government, it is now believed, means more governance,' says Saisuresh Sivaswamy.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
The Congress party on Tuesday vowed to oppose the present format of the land bill both inside the Parliament and outside.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Sensex closed the day 416 points higher.
Private lenders have also been expanding their branch and automate teller machine networks aggressively.
To generate ample private sector interest, there is a need to introduce market-linked tariff rates.
R Rajagopalan predicts that Tamil Nadu won't have single party rule for the first time in its history.
The Modi government's array of economic policy has been impressive.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
Growing foreign travel is one sign of the radical change in rising India's vacation dynamic.
Giving a message of larger opposition unity, Congress President Sonia Gandhi and former prime minister Manmohan Singh will march with leaders of at least ten parties from Parliament House to President House on Tuesday and submit a memorandum against the new land bill.
E-auaction cannot totally end corruption in the system.
Private participation remains lacklustre.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
The govt must fix regulatory hurdles to ensure growth.
As oil minister, he has overseen India's petroleum and natural gas needs. But now he also runs the environment ministry, where he has issued permits for 100 stalled projects in a month-long spree that has delighted industry but shocked green activists.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
Studies suggest net benefits of hydro-power, nuclear energy or natural gas as sources of electricity are greater than those of wind and solar.
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
Experts are unanimously endorsing that a reduction in the volume of cars is bringing down levels of gaseous pollutants in New Delhi.
Manish Kumar Sinha has also alleged that the complainant in the case, businessman Sana Sathish Babu, had told him that Union minister Haribhai Parthibhai Chaudhari had been paid bribes to the tune of several crores of rupees for alleged help in matters related to CBI.
Here's what the national capital needs to do to ensure the residents stop breathing toxic fumes.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Single window clearances for realty must.
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