'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).
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.
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, however, lags other states on crucial parameters such as health care and rural poverty.
'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).
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.'
Carter has said India's designation as a 'major defence partner' would allow the US to cooperate with it --
Corporate India at present is more indebted than all state govts put together.
With a middle class still so small and no apparent leaps in productivity on the farm or in manufacturing on the horizon, India faces its own age of diminished expectations.
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
Oil and gas players' wish list includes incentivising E&P investments and reintroduction of income tax holiday for exploration and production activities, among others.
Arun Jaitley is on a 10-day trip to the US.
The chain readies to expand its footprint as Bharti focuses on its retail venture.
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Phee Teik Yeoh says that the worst is behind them.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Indian states are preparing for a Rs 1.9 lakh crore (Rs 1.9 trillion) tax windfall this fiscal year.
It is to keep labour unions away and make the employees feel important.
Sanjeev Nayar offers some ideas on how Indians can help in improving the lives of those living in border areas and in the process help the Indian Army.
Railways must pull back its share of freight traffic.
Curbing the federal deficit is the government's absolute priority on February 28.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
In the near term, the key driver will still be the government's fiscal spending.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
'In the past the US has been reluctant to name Pakistan directly in an US-India joint statement.'
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