'They mean business, but business as usual is unacceptable to them'
India no longer needs big ticket reforms but small and basic ones to drive the growth forward, Chief Economic Advisor V Anantha Nageswaran said on Monday. Addressing the media after the Economic Survey 2023-24 presented in Parliament, Nageswaran said there is a need to pursue all possible approaches without any ideological orientation. "In terms of the kind of reforms that we need to do, it is no longer big-ticket reforms that dominate your front pages but more about grunt works.
Recalling Singh as a very humble person, Kumar said, "Dr Singh used to live here. I was a child when his family shifted out. It was a very nice family." The house where the Singh family lived is in a dilapidated state now as no one stays there since they moved out a long time ago, Kumar said.
'If the period between 1991 and 2014 was about laying the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off.'
China is set to build a rail link connecting Xinjiang province with Tibet, part of which will run near the Line of Actual Control (LAC) with India.
'BSE has facilitated nearly Rs 35 trillion in capital raising across multiple segments.'
'A man who brought about the greatest set of economic reforms in the country, who changed the course of Indian history, cannot be considered weak.' 'A man who fought for nuclear reforms even though his majority in Parliament was threatened, he cannot be considered weak.'
By naming a sworn swayamsevak for vice president, the Modi-Shah duo have sent out a clear and positive message to Nagpur, where the RSS headquarters is located, explains N Sathiya Moorthy.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.
'Surgical strikes or air strikes, or both, are likely on the table.'
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
Former Indian Prime Minister Manmohan Singh's mortal remains were brought to the Congress headquarters in New Delhi on Saturday, where top party leaders paid their last respects. Singh, who headed the Congress-led UPA government and is considered the architect of India's economic reforms, died on Thursday at 92. A seven-day national mourning will be observed throughout the country in his honor.
Till such time that a new governance framework comes into being, the progress of reforms in health, education, land, labour, electricity and agriculture could remain fraught with problems, agitations and delays, observes A K Bhattacharya.
In her Budget speech, Finance Minister Nirmala Sitharaman on Tuesday underlined the need for collaboration between the Centre and states to take up the next-generation reforms covering land, labour, capital and entrepreneurship. As far as revenue share goes, the government has projected to give about 32.5 per cent of central taxes to states during FY25, against the 15th Finance Commission's recommendation of 41 per cent, according to the Union Budget estimate.
Projecting India as the land of biggest opportunities globally, Prime Minister Narendra Modi on Saturday promised the business sector facilitation, reforms, a stable policy regime and high growth. Addressing the ET World Leaders Forum, Modi, in turn, asked investors to commit to innovation, performance, positive disruption and high-quality products, as he stressed that the country respects wealth creators.
Manmohan Singh, the former prime minister of India and architect of the country's economic reforms, passed away on Thursday night at the age of 92. Born in a village in undivided Punjab, now in Pakistan, Singh's family witnessed first-hand the tragic Partition. Throughout his long public life, he often spoke of communal harmony and democratic values. He served two terms as prime minister from 2004 to 2014 and was known for his wisdom and quiet demeanor.
The CBI successfully managed to get Monika Kapoor extradited from the United States, ending her 25-year flight from justice. She is accused of economic offenses including forgery and fraud.
Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of Kerala cadre, was appointed as India's G20 Sherpa in July 2022, months before India assumed the G20 Presidency.
Stalwarts of Indian sports paid rich tributes to former Prime Minister Dr Manmohan Singh, who died on Thursday, describing him as a visionary, who had quiet strength and humility.
The bench, which asked Jain to withdraw the plea filed against a Delhi high court order that dismissed a writ petition challenging the registration and recognition of the AIMIM by the Election Commission (EC), granted liberty to the petitioner to file a writ petition, wherein he may make a wider prayer for reforms in respect of political parties on different counts.
Foreign investors continue to exhibit confidence in the country's equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong domestic fundamentals. This positive momentum follows a net investment of Rs 4,223 crore in April, data with the depositories showed.
Gems of wisdom from Dr Manmohan Singh, who passed into the ages on December 26, 2024.
A Cornell University professor, Basu took over as the CEA in the Finance Ministry in December 2009 and his term ended in February. However, he was given extension till August as the government was in the process of formulating the proposals for the Budget for 2012-13.
The chief adviser's decision to stay in office came two days after he told student-led National Citizen Party (NCP) leaders that he was mulling resignation as he felt "the situation is such that he cannot work", citing difficulties in working amid the failure of political parties to find common ground for change.
Dr Manmohan Singh, the architect of India's economic reforms, had to literally face a trial-by-fire to ensure widespread acceptance of his path-breaking Union Budget of 1991 that saw the nation rise from its darkest financial crises.
South African President Cyril Ramaphosa, a former anti-apartheid activist and freedom fighter, responded to Trump's claims at their meeting in the Oval Office diplomatically, countering Trump's assertions.
It is time for India to raise its voice not just through military prowess, but through professionalism, principled voting and partnerships, asserts Deepak Mishra.
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
The BRICS nations condemned the Pahalgam terror attack, advocated for a zero-tolerance approach to terrorism, and criticized rising tariffs during their summit in Rio de Janeiro. They also addressed global challenges and called for reforms in international institutions.
A leader of reserve and quiet dignity, former prime minister Manmohan Singh had a keen taste for Urdu verses, and his poetic banters with Bharatiya Janata Party leader Sushma Swaraj in the Lok Sabha are among the most viewed parliamentary debates on social media.
N Chandrasekaran, chairman of Tata Consumer Products, has said in the company's annual report for FY25 that India remains one of the bright spots of economic growth amid a volatile global environment. He said India's long-term growth was underpinned by strong demographic and economic fundamentals as well as structural reforms.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
Very sensitive items -- such as apples, which carry political weight and are closely tied to farmer interests in states like Himachal Pradesh and Uttarakhand -- may face restricted concessions.
Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.
If the anti-Congress trend continues from 2004, Congressmen will lay the blame at the prime minister's economic reforms.
Indian-origin lawmaker Zohran Kwame Mamdani stunned in the Democratic primary race for New York City mayor, upsetting former governor Andrew Cuomo.
T Nanda Kumar, former food and agriculture secretary, shared his memories of working with former prime minister Manmohan Singh during some of India's most challenging times, highlighting Singh's compassionate leadership and commitment to ensuring food security for all Indians. Kumar recalled Singh's steadfast support during the 2008 global food crisis, where he championed a ban on non-basmati rice exports to secure domestic supplies. Singh's leadership, characterized by intellect and humility, left a lasting impression on Kumar, who considered him a mentor and guiding light.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
'Why has Maharashtra slipped up over the past couple of decades?' 'Not only is this question critical for residents of the state, but given that it accounts for 14% of India's GDP, a faster-growing Maharashtra implies a faster-growing India as well, point out Shishir Gupta and Rishita Sachdeva.
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