The average land given to the rural landless is small and falling, from 0.95 acres in 2002 to 0.88 acres in 2015 - a 7.4 per cent drop over 13 years-and a slowdown is evident in the process of taking land away from rich landlords, the RTI data reveal.
Finance Minister Nirmala Sitharaman on Tuesday met IMF managing director Kristalina Georgieva and discussed a range of issues, including impact of geopolitical situation on global growth.
The eGoM, headed by External Affairs Minister Pranab Mukherjee, is likely to take up issues including demand from developers to revise the 5,000 hectare land ceiling for one SEZ.
Even as India continues on the priority watch list of the Office of the US Trade Representative, strong voices from Washington, DC, have spoken out in favour of India, reports Aziz Haniffa/Rediff.com.
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
Union Minister Nirmala Sitharaman on Thursday said speaking Hindi gives her 'shivers' and she speaks the language with hesitation.
India, he said, has already taken a host of reforms in banking and other sectors and is now focussing on stepping up public investment. "Compared to other nations, even among advanced countries, I think India is relatively better placed for the simple reason that India paid a certain price last decade... we had a banking system stress which was then compounded by stress in the non-banking financial sector towards 2018," he said at Amazon Smbhav Summit.
Although the first woman to hold the position of chief economist at IMF, it would be wrong to see her appointment through the lens of gender
A reformed Planning Commission should reflect the diversity of Indian debate.
In 2013, India was Singapore's 11th largest trading partner and 12th largest export destination, with total trade volume of 25.5 billion Singaporean dollars ($ 20.36 billion).
Foreign direct investment into the country is expected to rebound in the coming months on account of India's high economic growth, and steps to further improve the business environment of India, the Economic Survey said on Tuesday. The rise in global uncertainty in the wake of the Russia-Ukraine conflict, FDI equity inflows in the manufacturing sector in the first half of the current fiscal (April-September) fell below its corresponding level in the first half of 2021-22, the document, which was tabled in Parliament, said. The monetary tightening at the global level has further restricted the FDI equity inflows, the survey said.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
'There is no scope for any doubt. This was a scheme designed to enrich the ruling party.'
Chinese President Xi Jinping on Tuesday visited an exhibition of the Communist Party, appearing in public for the first time after his return from the SCO summit on September 16, which sparked rumours about his absence from the limelight ahead of next month's key Congress of the ruling party.
The finance ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage. Stating that the agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of economy.
Brand India's societal divisions and distortions have remained as much relevant in 'liberal' America and Europe as it still is in the structurally stratified Indian society of the 21st century, observes N Sathiya Moorthy.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
BJP president Rajnath Singh has said that if the party comes to power in the next general election, its foreign policy wouldn't be much different from that of the Congress government. Aziz Haniffa in Washington
Domestic financial institutions and mutual funds on Wendesday pitched for rationalisation of tax provisions to improve ease of doing business in the country.
Police resorted to using tear gas and sting grenades to control the crowd gathering near Paris' Montparnasse train station.
FY22 will be the year to rebuild with the IMF projecting output growth at 11.5 per cent, economic survey at 11.0 per cent and the RBI's Monetary Policy Committee at 10.5 per cent.
More steps are necessary to accelerate speed.
Addressing media persons following the CWC meeting, party leader Janardhan Dwivedi said that the party meeting concluded that the role of the main Opposition Bharatiya Janata Party had been negative on reforms.
The central bank measures though are also taking a toll on the banking sector, which is heavily reliant on short-term money markets for capital.
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According to the global financial services major, the primary concern for the RBI at the moment has to be anchoring elevated inflation expectations and stabilising the currency, which could face renewed pressures if the Fed begins QE tapering this week, as widely expected.
China remains the elephant in the room and has to be tamed, which the United States alone is unable to do and therefore calls allies to come on board.
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Privatising public sector companies would have encountered significant opposition from their managers as well as from strong unions.
Aggressive Hindutva elements have also disappointed industry captains
The economy is growing at 7.5-8 per cent, the finance minister said.
FM indicates adherence to fiscal road map, benign tax rates, correction in inverted duty structure
The international community counts a lot on India's leadership of the G-20 at a time when the world is faced with the continued economic slowdown and social distress, the chief of the International Monetary Fund Kristalina Georgieva has said. "India, which is the president of G-20 countries, remains among the countries that perform better than the global average and by a good percentage," IMF managing director Kristalina Georgieva told reporters during a media roundtable on Thursday. India formally assumed the G20 (Group of 20) Presidency on December 1.
A host of dynamic reforms, policies and announcements during the last five years are expected to reach its logical fruition in the second term, says Ankit Kansal.
Wishlist for new PM includes growth boosters, reining in inflation, faster project clearance and reversal of Land Acquisition Act
India on Tuesday told the UN General Assembly that the days when a few nations set the agenda and expected others to fall in line are over, underlining that its presidency of the G20 sought to focus on key concerns of the many, not just the narrow interests of a few.
Nearly, 40 per cent of Fortune 500 companies have been founded by immigrants or the children of immigrants.
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
There are conflicting signs on India's investment cycle.
Indian economy is poised to do better on the back of reforms undertaken by the government and is expected to clock a 6.5-7 per cent growth in the remaining part of the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Addressing reporters here after the tabling of the Economic Survey in Parliament by Finance Minister Nirmala Sitharaman, Nageswaran said that by and large, inflation is likely to be "well behaved" in FY2023-24 barring headwinds. "My optimism is that in the coming decade, rest of the decade, the potential GDP growth, without taking into account export potential, because global economy is still rife with uncertainty, the growth rate would be around 6.5 to 7 per cent, rather than between 6 per cent and 6.5 per cent," he said.
India's political leadership needs to demonstrate persuasively that economic reforms are on track
'Who would want to be the man nominally in charge of driving the economy when your boss orders you to swerve it into a ditch of unknown depth?'
'Demonetisation demonstrates that this government is simply too amateurish in terms of economic policy-making to properly address India's deep, deep problems,' argues Mihir S Sharma.
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