IT stocks have dropped about 3 per cent in the days since the Donald Trump administration took first steps toward visa reform and all of India's highest-profile technology tycoons have seen their net worth eroded. Saritha Rai reports.
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.
'If anyone is able to understand the importance of Modi's endeavours to revive the economy -- even against opposition from sections of his own saffron brotherhood -- it is the former prime minister,' says Amulya Ganguli.
The president outlined the government's agenda in the coming financial year in his customary address to the joint sitting of both the Houses of Parliament.
The keynote address will be given by United States President Donald Trump
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
India's numbers have shown a reasonable amount of improvement.
The more one thinks about it, the more difficult it is to see how India will be able to reap the benefits of a demographic dividend, says Aakar Patel.
Prime Minster Narendra Modi's op-ed in the German daily Frankfurter Allgemeines talks about development, New Age India and his 'Make in India' campaign. Here's the complete text of the column.
The president's spending plan for the fiscal year that begins on October 1 proposes a rise in the minimum wage and for new spending on infrastructure.
Finance Minister Arun Jaitley said the actual spending under the scheme in the fiscal year ending March 31 "would be highest".
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
The outgoing Chief Economic Advisor will always be remembered for his remarkable passion, his large imprint on policymaking and the high level of public debate he fostered
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.
India Inc is encouraged by a determined Budget.
Technology purchases in the People's Republic will reach $136 billion this year, four times more than in India.
The Bank of Japan's action has nullified the effects of the end of the US' quantitative easing programme but the dependence of foreign institutional investors remains a concern
Prime Minister Narendra Modi has managed to pull off what was unimaginable a year back -- adopting a much-needed centre-left approach, says Devanik Saha.
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
India and China have not ruled out a Modi-Xi meeting during the summit.
The Indian rupee, however, saw the largest bullish bets in one year as worries about inflation eased.
He addressed a seminar on India and Sweden in Stockholm.
"If we do surgical strikes (in this area), you can imagine what all will come out," the prime minister said.
Lack of literacy is compromising the ability of farmers in India and China, two of the world's most populous countries with the smallest farm size, to raise productivity without losing soil fertility, says Kunal Bose.
Taking up the case of Indian IT companies and professionals, Jaitley told Ross about the contribution of highly-skilled Indians in the economic development of the United States and India and stressed that they should continue to do so, which is in the best interest of the two countries, officials said.
Outlining seven principles of engagement for closer cooperation between India and China, Prime Minister Manmohan Singh on Thursday said the two countries should show sensitivity to each other's interests and sovereignty and move quickly to resolve the boundary issue.
According to report by Dun and Bradstreet, central bank expected to maintain status quo on policy rate.
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
'Joko's re-election bid has been as tough as Modi's.' 'But in a curious reversal of roles, what Joko faced was a platform somewhat akin to Modi has chosen for himself to woo voters,' notes Ambassador M K Bhadrakumar.
Chief Economic Advisor Arvind Subramanian spoke on a wide range of issues -- from GDP growth and fiscal consolidation to job creation and GST.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
In 2014, Tata group had launched Tata Engage, a group volunteering programme that already has participation of over 55,000 employees of the group from over 100 companies spread across 65 countries.
From the perspective of an American worker who is being displaced it does not make a difference whether he is displaced by a visa-dependent company or a non-visa-dependent company or a 50-50 company or whatever: Nasscom president.
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
Prasad asked private operators to play a role in skill development.
The industry's reactions to the Budget have been mixed.
India is only on the starting block.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
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