AAP will have to learn to be patient as such electoral changes do not happen in a hurry, asserts Ramesh Menon.
The IIT-Madras alumnus, who moved to Canada for an MBA programme and settled there, is not new to investing in India.
The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
To facilitate foreign direct investment (FDI) in high- speed rail projects, the government is likely to allow private sector entry in operations.
The economy hasn't gathered even half the traction that some of us assumed it would just a year back.
Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
Centre meets target of 18,000 villages but household metering remains a challenge
The assumption clearly was that project execution timelines would be adhered to and revenues would flow in as scheduled.
The RBI governor's assurance should give investors enough confidence to start believing in the NBFC sector again, say bankers.
Significantly, about half of the CEOs who took part in the survey indicated that they propose to increase their investments in near future, 45 per cent cited no change in investment levels, while only 5 per cent expected a fall.
Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
The road ministry has put forward two proposals before the Prime Minister's Office and the finance ministry.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
One hopes that the government will act on the Kelkar panel recommendations.
The next Rail Budget to be presented early next year could contain a proposal for raising fares to pass on the burden of rising power cost to passengers.
Gandhi said that the BJP government has clearly mishandled the economy that was built by the United Progressive Alliance government, and is now resorting to selling the country's assets as a "last resort" to generate some money.
The Indian PM shares the honour with Japanese PM Shinzo Abe.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
Santosh Kamath, partner (infrastructure and government services), KPMG in India, expects an extension of a tax holiday for the sector.
'COVID-19 will not stop the expansion of China's 'infrastructure power'.'
The Budget sets out a comprehensive vision.
Little attention is being paid to keep roads, bridges and flyovers in good shape
In his first interview since becoming the chief economic advisor, Arvind Subramanian agrees the Narendra Modi government has taken some initial steps to revive private investments but says many more measures would be required to restore macroeconomic stability - reining in inflation and fiscal deficit - and bring the economy back on high-growth path. Subramanian, who has earlier worked in the research department of the International Monetary Fund, tells IMF Survey, an online magazine of IMF, that the Gujarat model is to be replicated across India but there also are macroeconomic problems at the national level that need to be addressed.
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
The new Cabinet member says growth cannot come unless all sectors of the economy -- agriculture, manufacturing and services -- expand.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
The Union Budget is not everyone's cup of tea. But here's how you can make it yours.
Projects about to be completed include the first rail connectivity projects in Meghalaya and Arunachal Pradesh, along with crucial gauge conversion between Rangpara and North Lakhimpur, which would connect Arunachal Pradesh to the rest of the country.
'We need to invest in our youth, we need to invest on our athletes, that should be the priority and then when we are in a position to realistically win at least 40 gold medals in the Olympic Games. For me personally that would be the right moment to host an Olympic Games'
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
From Sri Lanka's most popular political family to its most despised -- going by the voices on the streets calling for the Rajapaksas' ouster -- what went wrong for the clan? Veteran Sri Lanka watcher N Sathiya Moorthy offers an insight.
The fare will be cheaper as it will be capped at Rs 2,500 per passenger.
Ajai Shukla presents an action plan for Defence Minister Rajnath Singh to fix the systemic weaknesses in defence.
'The attempt to build a negative narrative about India's economic performance is disingenuous.' 'For the investors as well as the targeted beneficiaries of welfare schemes, the ground reality is very different,' argues Rajiv Kumar, vice-chairman, NITI Aayog.
Instead of announcing new schemes, focus will be on those already announced and key sectors.
Iran's growing proximity to China may have also played a part.
Indian IT giants are outstanding companies with great management teams, but they have been held hostage by their past success.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
