'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Financial assets make a comeback as returns on physical assets falter.
If we can adhere to those standards, most passengers will be happy.
This could mean an end to the talks for a possible partnership between the two firms in the multi-brand retail space -- less than a year after 51 per cent foreign investment was allowed in the sector.
'Under Narendra Modi's leadership, we will be able to regain our rightful place in the community of nations,' veteran diplomat Hardeep Singh Puri, who joined the BJP on January 2, tells Rediff.com's Sheela Bhatt.
There are some advantages of a falling rupee.
'The India-France relationship has been that of the elites of two countries, who appreciate each other's philosophical traditions -- whether it is ancient Indian civilisation and Sanskrit texts or the French tradition of Rene Descartes, Albert Camus, (Jean-Paul) Sartre... This is a drawback. It doesn't create the buzz, the excitement necessary for a relationship. We need more people-to-people contact, especially among students,' says former Ambassador to Paris, Rakesh Sood.
High fiscal deficits raise inflation which hits the lowest income and salaried classes.
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
The Nifty had hit its third successive record high of 7,922.70 today.
Jaitley said a very large number of reforms have taken place over the last few years and that has helped in restoring the credibility of the Indian economy
'If you say I won't talk to them at all, does terrorism stop?' 'Even if they say they will give up terrorism, "I will fight terrorism along with you," but even then you say I still won't talk to you until you do the following things, then that is a political call.'
'The government's proposal to store citizens' data including Aadhaar data under its Digital India initiative on cloud is violative of the citizens' human rights because the cloud is admittedly beyond India's jurisdiction.'
A customer wanting to buy a car would have to wait a long time for delivery.
'Political meetings will be a mere side show; the main show is economic investment and the business partnership. The success of Modi's US visit will be judged on the basis of India's ability to attract American investment and setting up of manufacturing in India to give jobs to millions,' says Colonel Anil A Athale (retd).
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
'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.
Women behind the wheel, movie theatres and now snowmen! Everyday things in the outside world are prohibited in Saudi Arabia's incredibly conservative society. Rediff.com compiles a list
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
'It has a natural inclination to foster as much competition among civilian politicians as possible.'
'The armed forces have been given clear indication that they have to give priority to Make in India and indigenisation and dependence on foreign source should be reduced.' 'Almost Rs 90,000 crores contracts have been signed during my tenure. Another almost Rs 70,000 crores are in the pipeline.'
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
Sensex firm on favourable GDP numbers for FY16.
Economist Arvind Panagariya tells Suman Guha Mozumder that the rupee is doing a much-needed clean-up job, raising exports and cutting imports.
What India has failed to acknowledge is that sub-conventional war is the name of the game and irregular forces have emerged with greater strategic value over conventional and even nuclear forces, and reliance purely on conventional force and diplomacy is grossly inadequate, says Lt Gen Prakash Katoch (retired).
It, however, lags other states on crucial parameters such as health care and rural poverty.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
'A three generation US-Pakistan relationship is not likely to be snapped any time soon. All this presents an irritant to an India that wishes to concentrate on economic development,' says Colonel Anil A Athale (retd).
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
It has been said that by 2025, India could become among the top five economies in the world. If India does become a $5 trillion economy but gets all its rivers polluted, food chain poisoned and genetic pool depleted and biometric database of Indians sold or stolen at the behest of commercial czars, will it not be a pyrrhic economic victory, asks Gopal Krishna.
If money allocations, investment commitments are a sign of better things to come, the state can be optimistic.
Indian Railways (IR) will transfer existing assets at nominal values, invite bids and grant concessions for 10-15 years.
India' can't succeed unless it is made easier for people to do business.
Gold has pushed lower as a result of Chinese selling.
While the Rafale deal seems to be the main order of business during French President Francois Hollande's visit, other aspects could help sweeten the deal, says Claude Arpi.
For some inexplicable reason, the army prefers to use Russian armour; Arjun is deployed in only two of its 63 armoured regiments.
No Indian auto brand (including Tata or Mahindra) is well-known globally.
'Pakistan has to take responsibility and start cracking down on terrorists.'
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