India's labour laws have become less complicated with bold economic reforms and the over one billion population has become a potential human resource 'asset' in the nation's leap forward, a labour lawyer has said.
'Those who are talking of adopting the Narasimha Rao-Manmohan Singh policy must understand now that what was a reform then is no longer a reform now,' argues Sukumar Mukhopadhyay who was associated with the 1991 economic reforms.
The Union Cabinet on Wednesday night is understood to have cleared the agenda for action initiated by the Planning Commission to spur economic reforms in the current fiscal.
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.
Tuesday's Congress Working Committee meeting put a lid on the issue of whether the party was putting its full force behind the government's current economic decisions, which have attracted widespread protests.
India must carry on structural reforms, the finance minister said.
Trying to hardsell India, Finance Minister Pranab Mukherjee on Tuesday assured the United States business community that the country's growth story was intact and it was committed to expediting reforms and further liberalisation of the foreign investment regime.
Shastri took the first big step to transform India's agriculture, the benefits of which his successors reaped in plenty, says A K Bhattacharya.
The list of departures from the path of economic reforms can be longer.
Planning Commission Member N K Singh on Wednesday said there was a need to continue with crucial economic reforms to sustain eight per cent GDP growth.
Sharmistha Mukherjee, daughter of former President Pranab Mukherjee, has alleged a "rot" within the Congress party and called for serious introspection. She criticized the party's lack of ideology and its treatment of non-dynastic leaders, citing the case of former Prime Minister P.V. Narasimha Rao. She also questioned the party's failure to convene a Congress Working Committee meeting after her father's death, highlighting a perceived loss of institutional memory. Mukherjee, who has since left politics, also advocated for a memorial to former Prime Minister Manmohan Singh and a posthumous Bharat Ratna award for him.
India still has to go a long way to implement reforms in various sectors.
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.
What does economic liberalisation mean to the common people? Are they happy with it or do they think an overt obsession with the issue has given birth to an unmanageable problem of inflation?
Prime Minister Narendra Modi asserted on Tuesday that India's water will no longer flow outside the country but will be utilized in the nation's interest, a statement seemingly directed at Pakistan following his government's decision to put the Indus Waters Treaty in abeyance after the Pahalgam terror attack. Addressing the ABP Network's 'India@2047' Summit, Modi emphasized his government's focus on interlinking rivers, noting that water used to be a source of conflict among states, before alluding to India's stance against Pakistan while discussing water. He highlighted the finalization of the India-UK free trade agreement as a historic milestone and underscored the importance of prioritizing national interest for achieving objectives and realizing the country's potential. Modi highlighted the country's growth and development under his government's rule, emphasizing its focus on welfare schemes and digitalization. He reiterated his government's commitment to 'Nation First' and pointed to the recent reforms undertaken, including the new Waqf law and the ban on triple talaq, which he said were aimed at benefiting the marginalized sections of society.
Members of a UN Commission on 'Private Sector and Development' have commended the model of economic reforms followed by India
Singh's humility and grounded nature were highlighted in a heartfelt social media memoir by Uttar Pradesh Minister of State for Social Welfare (Independent Charge) Asim Arun.
Worried by the slow progress of economic reforms, Prime Minister Atal Bihari Vajpayee declared on Friday "we need to move rapidly" to end inspector raj through governance reforms at various levels.
Even as the Centre is working overtime to roll out FDI in retail while the real decision might rest with the states, Arvind Singhal, chairman, Technopak Advisors, often referred to as the poster boy of the Indian retail sector, said the so-called big-ticket measure was "not the most important thing"for the sector.
India's Foreign Secretary Vikram Misri has underscored the importance of not equating the victims and perpetrators of terror attacks, highlighting the need for global unity in combating terrorism. Speaking at Raisina Tokyo 2025, Misri expressed appreciation for Japan's support following the recent terror attack in Pahalgam, India. He also cautioned against the trend of some Western countries hyphenating India and Pakistan in the context of their recent military confrontation. Misri further outlined India's economic aspirations and its commitment to becoming a factor of stability in a turbulent world.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
As many as 76 per cent of the respondents did not expect economic reforms to move forward, given the upcoming 2014 general elections.
Prime Minister Narendra Modi and Congress leaders Sonia Gandhi and Mallikarjun Kharge were among the top leaders who paid homage to former prime minister Manmohan Singh at his home in New Delhi on Friday.
The Prime Minister should focus his energies now on reforming higher education.
India must continue with its economic reform agenda or risk lose the credibility it has acquired in the world over the years, a top US administration official has said.
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.
Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
Global rating agency Fitch on Thursday affirmed India's 'BBB-' rating with a stable outlook on strong growth outlook and fiscal credibility. Fitch said India is set to remain among the fastest-growing sovereigns globally with GDP growth of 7.2 per cent in the current fiscal year and 6.5 per cent in FY26, down from 8.2 per cent in FY24. "Fitch Ratings has affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook," the global rating agency said in a statement.
Cargill believes the reforms would act as a catalyst in attracting private sector investment in building supply chains for taking Indian farm produce to national and global markets.
'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
Indian-origin lawmaker Zohran Kwame Mamdani stunned in the Democratic primary race for New York City mayor, upsetting former governor Andrew Cuomo.
Finance Minister Arun Jaitley said government would continue reforms by taking executive actions.
Unveiling a three-pronged strategy to create more jobs, Prime Minister Atal Bihari Vajpayee on Friday promised to speed up economic reforms and growth, besides hastening infrastructure development.
