With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
It is time for Mr Modi to be a little more reasonable and rational.
Whether it took the corona crisis to bring about the transformation, or otherwise, the change ought to be welcome, notes Virendra Kapoor.
Schemes like the Mukhyamantri Majhi Ladki Bahin Yojana strain fiscal resources amid rising unemployment and prices of food items.
Government needs to focus on areas where reforms are much easier
With an expected earnings growth of 15 per cent, benchmark index Nifty 50 may hit 24,500 level by December 2024 and move further to surpass the level of 26,500 by December 2025, Emkay Investment Managers said on Tuesday. The 50-share Nifty settled at 22,888.15 on Tuesday. In the previous day, it hit a new lifetime peak of 23,110.80.
"Our parents talked to us about Maradona, and we will talk to our sons about Messi. We hope that we will win the cup, and we can celebrate with him and all the people in Argentina," said Nicolas Gomez, a fan from Argentina.
The answer to the problems of high inflation and slowing growth, and low farm incomes, would lie in addressing the basic reforms that India is still to attempt -- like labour laws, says T N Ninan.
On Wednesday, opposition leaders boycotted Modi's latest attempt to build consensus around the issue.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Taking selfies from the stands and sitting on the grassy pitch, thousands of migrant workers gathered in a Doha stadium to watch the opening match of the first World Cup in the Middle East.
India is capable of achieving and sustaining double-digit growth in the coming years if labour reforms are carried out to shift workforce from agriculture to the industry, eminent economist Arvind Panagariya said on Friday.
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
"Our economy is stronger when we harness the talents and ingenuity of striving, hopeful immigrants. And right now, leaders from the business, labour, law enforcement, and faith communities all agree that the time has come to pass comprehensive immigration reform," Obama said in his annual State of the Union Address -- the first of his second term.
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
Governments find themselves expanding the entitlements of the least productive - farmers and bureaucrats - and abridging those of the more productive parts of the workforce.
Paris came to a halt on Tuesday after seven labour unions went on strike, protesting President Nicolas Sarkozy's Sarkozy's plans to reform labour laws.
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
He said the government has already begun implementing tax reforms.
Atishi will have a brief tenure in office as assembly elections in the national capital are due in February.
The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.
The government on Wednesday said it would put in place a new labour law within the next six months, incorporating reforms in the sector, as part of measures to bring it in tune with the liberalised environment.
In the first phase of the Lok Sabha polls, there were 135 women candidates while in the second phase, there were 100 women candidates, bringing the combined total for the first two phases to 235 women candidates.
He said, clothing, footwear and electronic sectors are large job creators and need big reforms.
It is increasingly clear that Rajasthan, under the leadership of Chief Minister Vasundhara Raje, will lead the country in terms of policy reform.
The common and mobile pool of skilled labour in India, created by the reforms process, would be drawn to fast growing states and reduce the profitability of labour-intensive manufacturing, widening the incomes and other disparities.
The state has allowed industrial units in special economic zones (SEZs) to lay off workers without government's sanction, regardless of the number of workers
The proposed changes making it easier for government and businesses to buy farm land are now likely to be implemented by states, not by the central government
A high-powered panel set up by Prime Minister Manmohan Singh to go into the problems of manufacturing has come out with far-reaching draft strategy including labour reforms to achieve 12 per cent growth in the sector to sustain 9 per cent GDP growth.
The International Monetary Fund has asked India to speed up reforms, including removal of trade barriers, liberalisation of FDI regime and easing of labour laws, to attain over 6-6.5 per cent GDP growth.
The generation of quality jobs and skill development should be the focal point, cutting across ministries and departments, asserts Nivedita Mookerji.
Interview with Professor, Stanford University.
If gender disparities are eroded with more women being better-educated, that pool also becomes smaller.
India's decrepit state-run train services stand to receive at least a 25 percent boost in investment to over $9 billion.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
Foreign portfolio investors (FPI) have pulled out $3.5 billion from India's equity markets so far this month. The selling comes on the back of election-induced volatility and the rotation of flows from India to China, where stocks are available at half the valuations. If the selling pressure remains at the current level, this will be the highest FPI pullout since January 2023.
