The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
The NDA government was initially reticent about fleshing out its economic strategy for the future. But now that it has taken enough bold initiatives on the economic front it must have the confidence to tell us more about its approach going forward, says Abheek Barua.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
Once ISRO masters the technology to send humans into space, the next step will be experimenting with technologies allowing humans to live in space.
'Let us not say that Modi has not delivered on anything; he has delivered something and in parts substantially, but he has to also deliver on a large number of his electoral promises.'
A Narendra Modi administration would believe more in decentralisation than would a Rahul Gandhi administration, says Arvind Panagariya.
Worse still, the cities ranked second, third and fourth for their poor air quality are also in India.
"India's economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18," says the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
A political party's manifesto is the first stage of building a compact with the voters in any governance plan. If that compact is dependent on a document that reeks of fiscal imprudence and lacks credibility, it is a serious setback to the country's democracy and governance, says A K Bhattacharya.
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
Over 15 years, with seven per cent growth, the Indian economy will be three times bigger.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
Welcoming the "comprehensive and inclusive" roadmap of the Narendra Modi government on various issues spelt out by President Pranab Mukherjee, Tamil Nadu Chief Minister Jayalalithaa on Monday said it had raised expectations on performance and delivery against the ambitious goals that the government has set for itself.
A quick scan of prime ministerial speeches at the PBD going back to 2009, another election year, reveals no political utterances by either Modi or his predecessor, Dr Manmohan Singh.
Volkswagen's emissions scandal is fueling investor fears about the environment.
Besides, the government would also undertake and promote steps for water conservation and curbing extraction of underground water, which is depleting the water table and is a matter of concern, the minister said.
Along with the US and China, India could be a big enough force in global manufacturing
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
Defiant employees from multiple US government agencies are fighting the Trump administration's gag orders on climate change and penchant for "alt facts" with rogue Twitter accounts.
The resentment against the government has increased.
Cabinet note being readied, on basis of study, to ensure against foodgrain shortage; might require buffer of up to 50% more.
The need of the hour is to strike a balance between the capability of the conventional and the prospect of the renewable to give a realistic shape to the Prime Minister's vision, says Rajiv Mishra.
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.
Decision-making has to be much quicker, the finance minister said.
Andhra Pradesh, Uttarakhand, Maharashtra and Tamil Nadu likely to be India's most water-scarce states this summer
The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.
Let start-ups be start-ups until they become grown-ups, let young entrepreneurs be experimental and bold, let VCs do their job, but for God's sake, the nation must prime the real grown-ups to solve the imminent issues., says R Gopalakrishnan.
'Imran Khan hopes to fulfill the dreams of the founders of of Pakistan in establishing an Islamic Welfare State.' 'The grave situation of the economy makes realisation of this dream very difficult,' points out Colonel R N Ghosh Dastidar (retd).
'It's the first-ever US presidential visit which is specially planned for India.' 'The standalone visit itself has achieved something already. Don't underestimate it.' Sheela Bhatt gives us an exclusive glimpse of what the Modi government hopes to achieve from Trump's visit.
'I have promised that I will eliminate the problem within four weeks.' 'We know -- in fact everybody in Punjab knows -- who are the people who control the drugs supply and trade.' 'We need to tackle them.'
Outfits related to labour and agriculture critical of policies, say their voices are not being heard. Archis Mohan reports.
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.
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'
On a visit to India in 2013, writer Ved Mehta -- who passed into the ages on Sunday January 10, 2021 - gave Rediff.com's Vaihayasi Pande Daniel a rare glimpse into his state of mind and what he thinks of the changes he encounters in his motherland.
Single window clearances for realty must.
A policy-related problem that urgently needs to be redressed is the 'miniaturisation' of projects.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
'In the Asean market, the train left at the same time for India and China, but while India's ride has been symbolic of India's rickety railways, it seems that China's has been on a bullet train,' note Renjini V R, Manmeet Ajmani and Devesh Roy.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances