Happy at the clear mandate given by voters to the BJP-led NDA, India Inc on Friday exuded confidence that Narendra Modi will initiate bold and decisive policy reforms to promote economic growth.
'Since Pranab Mukherjee is the Custodian of the Constitution, he should present practical ideas to solve the problems he has been so outspokenly highlighting,' feels Sudheendra Kulkarni.
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Nitish Kumar has spotted a secular trend in Bihar and with the minority's support he could trump Lalu Prasad, says Aditi Phadnis
The first was wholesale funded banks and non-bank finance companies.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
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Here's everything you need to know about the Goods and Services Tax Bill.
State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout. Are we set for more of this cycle, asks Aditi Phadnis.
'India could become the newest Asian tiger under Modi's dynamic leadership. Modi could become the Nehru of the 21st century, and re-establish a new Tryst with Destiny, by stating once and for all that Mera Bharat Mahaan is and will always be a truly secular and inclusive democracy in the best spirit of Bharatiya-tva,' says Ram Kelkar, offering an NRI view of the Modi triumph.
'Narendra Modi has had very good luck. Firstly, the fall of oil prices. You don't get that very often in your life and you certainly don't get that often when you are in government.' 'Secondly, the fantasy of Indian reforms has led to very strong capital inflows to have made his job much, much easier.' 'You ride the winds in times of fortune and he hasn't done that. At least, not yet.' 'Those winds of fortune which are blowing your way can certainly turn around easily. There are quite a few headwinds coming up. He may well, history will show, have missed the opportunities that existed.'
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
Arvind Subramanian talks about US and China's power play and where India figures in these dynamics.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
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