RBI Governor has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas.
'The common man in India who doesn't have anything to hide will have to put up with this short period of discomfort.' 'It will not last more than 10 days at the most.'
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
'Though federal, the Constitution is unitary in nature. All matters relating to revenue are centralised. It is necessary that matters related to finance have to be decentralised... States need more freedom in designing schemes with their interest in mind. There has to be a Constitutional amendment to give more powers to the states. A special session of Parliament should amend the Constitution, especially the 7th Schedule,' Kerala Finance Minister K M Mani tells Rediff.com's Shobha Warrier.
China continues to hold out on fingering Pakistan as the 'mothership of terror,' declaring Masood Azhar a terrorist at the UN, and India's membership of the NSG, says China expert Srikanth Kondapalli.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
The country had imported 5.5 million tonnes of pulses last year.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
'What has taken the wind out of its sails is the government's own expectation management and its inability to strategise on delivery,' says Vikram Johri.
Modi is as divorced from reality as Manmohan Singh. He might want to sound expansive and visionary, but to be credible he must have his feet on the ground and know the reality around him. Instead of delivering irrelevant homilies to small and hence poor farmers, the prime minister should be thinking in terms of creating a huge demand for alternative employment, mainly in the construction sector, and his promised hundred new cities is a capital idea, says Mohan Guruswamy.
'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.
Firing a salvo against Bharatiya Janata Party's prime ministerial candidate Narendra Modi, Nationalist Congress Party chief Sharad Pawar has alleged that the senior BJP leader is in a rush to take over the country's top post.
'It promises to get much, much darker before the dawn.' 'But at least dawn has a fighting chance,' says Mitali Saran.
With facts and figures, the CAG report has highlighted how Gujarat was far from a role model for states across India, and that the progress made in this province in western India in improving agriculture, education, healthcare and empowerment of women and children, was not exactly creditable, says Paranjoy Guha Thakurta.
Mondelez India promotes cocoa cultivation in India.
'It is going to be as high as 50% in the coming one or two months and can be about 20% to 25% in the medium term.'
'By holding forth on Swadeshi economics, Bhagwat is showing his intent to fight back,' says Shekhar Gupta.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
Use this window to lock into bank FDs; unless govt cuts small savings rates, banks may not cut deposit rates
Control over PSU banks is what is allowing the government to drive this scheme.
With the Congress already opposed to the proposed law, regional parties might become the swing factor, says T N Ninan.
Despite the slowdown, property investments can give them good returns over the long term
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
'The boycott has not achieved success. Sales figures for Chinese products on the top three Indian online retailers in the first week of October hit a new record. Amazingly, the Chinese mobile phone company Xiaomi sold half a million phones in just three days on the Flipkart, Amazon India, Snapdeal and Tata CLiQ platforms.'
Abhishek Singhania left a career at PwC to work in a food security project as a research fellow.
If a holiday, banks will have to report the details on the next working day.
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
The southwest monsoon season was deficient by 16 per cent.
As hard bargains continue for the next four days at the picturesque tourist resort of Indonesia, the ministers., including from the influential developed countries will try and reach agreements on providing windows to the developing nations for their food security programmes and a pact to free the global trade from the procedural hassles at the customs.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Prime Minister Narendra Modi's announcement about demonetising Rs 1,000 and Rs 500 currency notes was hailed as a "bold step" by President Pranab Mukherjee and the BJP, which called it a "surgical strike" on black money, but his rivals denounced it as a "heartless and ill-conceived" decision that would inconvenience people.
Remembering Verghese Kurien, a visionary who singlehandedly built world's biggest agricultural development programme.
Substantial gains can still be made with good policies and initiatives.
Prime Minister Narendra Modi made a strong pitch for deeper ties in key areas of counter-terrorism, climate change and UN reforms.
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