Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
Since Parliament is still in session, the government refrained from making an official statement but the ministers said there were ample 'precedents by the Congress governments in the past' of Bills being pushed through the ordinance route.
A roster of the work for fresh cases notified under the order of the chief justice of India will come into effect from February 5 till further orders.
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
John Elliott, the author of Implosion: India's Tryst with Reality, on his Riding the Elephant blog, says the sacking of Cyrus Mistry as chairman of Tata and Sons was in line with Ratan Tata's personal style of dealing with executives
What is required from government is intellectual framework.
Besides Nair, others named in the charge sheet include the then K R Sridhar Murthy, Ramachandra Vishwanathan and M G Chandrasekhar.
India Inc has few leaders who are likely to grab headlines in 2015.
Opposition party is unlikely to block Bills for GST, insurance and e-auction of coal mines.
'The mood in the country is the challenge. Everything is going well, but nobody is feeling good. Why? I don't know. Maybe aspirations are too high... The most important thing in life is to be a good person. Rahul is a wonderful person. He is a thinking man. He has convictions and is passionate about his work.' Sam Pitroda discusses the Congress party and Rahul Gandhi in an exclusive interview with Rediff.com's Sheela Bhatt.
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