The Financial Stability and Development Council meeting on Tuesday started with an air of tension in the room. An official present described the participants' body language as "tetchy". However, once presentations and discussions begun, the mood considerably eased.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
India has a long way to go before it develops a culture of professional boards accountable to institutional investors. There is, therefore, no realistic alternative to reforming and strengthening PSBs under government ownership, says T T Ram Mohan.
With his strong views on Bharatiya economics, his appointment to the RBI board may well presage interesting times, says Archis Mohan.
'He is positive and likes to get work done,' is how a retired bureaucrat described him. 'I assume he will push the reform agenda with strength.'
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.
RBI Governor cautioned against more volatility.
'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
Noting the "widespread cynicism and disillusionment" with governance and functioning of institutions, President Pranab Mukherjee on Wednesday said elections next year is an opportunity to elect a stable government that will ensure security and economic development.
Good news for economically-weaker sections (EOS) in Delhi. The city government Wednesday decided to built around 35,000 flats for them which are likely to be ready in two years.
The government would consider fresh applications for SEZs on December 15.
The decision to increase the quantum of capital infusion was taken at a meeting between Finance Minister P Chidambaram, RBI Governor Raghuram Rajan and Economic Affairs Secretary Arvind Mayaram in New Delhi.
Finance Minister Nirmala Sitharaman on Monday said the government has come out with open and transparent Budget and has not made any attempt to hide anything under the carpet.
'Right now, politics is operating in a state of suspended animation. That works to Modi's advantage.'
Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
Cheap milk prices, rising fodder cost and the difficulties in buying new cattle and selling old ones on account of cow vigilantism have cast a triple shadow on this sunshine sector in Indian agriculture, reports Sanjeeb Mukherjee.
SEZs promoted by Reliance, Raheja, IFFCO may benefit.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
The board would take a decision on these applications on February 20.
Modi is among the first set of speakers at the Summit's opening ceremony, a highly significant gesture given that only those heads of state, government and ministers are invited to speak at the summit who will have any "positive development" to announce on climate action.
Rajan said in order to export, one needs to be able to import things that go into those exports as cheaply as it can.
Value addition is one of the chief requirements for coconut to become a commercially lucrative crop. Surinder Sud reports.
The multi-product SEZ will bring in more than Rs 2.11 lakh crore of net foreign exchange in 30 years.
'Those who are talking of adopting the Narasimha Rao-Manmohan Singh policy must understand now that what was a reform then is no longer a reform now,' argues Sukumar Mukhopadhyay who was associated with the 1991 economic reforms.
Chinese manufacturers are re-routing their products through the markets of other countries that India has Free Trade Agreements with.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Access to India's defence market must be made conditional -- available only to those who are ready to make a long-term commitment in India, argues Ajai Shukla.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Mahindra Satyam has approached the Commerce Ministry for more time to develop the three IT Special Economic Zones in Andhra Pradesh as it has decided to go slow on its expansion plans due to the slowdown.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
Chinese Premier Premier Li Keqiang said world economic recovery should not be driven by mainly China, but in concert with many countries.
'Since the bilateral deficit is a reality -- and a worry -- we need to find a way to deal with it,' says Ravi Bhoothalingam.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
The Board of approval had given more time for Raheja's to develop their project in the state. The project is one amongst the three SEZs recommended to be denotified by the state government. Goa's Rajya Sabha member Shantaram Naik said he would meet new Union Commerce ministry Anand Sharma and brief him on the issue.
The Development Commissioners have recommended to the Board of Approval to cancel these SEZ projects.
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