The Prime Minister should focus his energies now on reforming higher education.
RBI's interest rate decision, quarterly earnings and global cues would be the major driving factors for equity markets this week, analysts said adding that the impact of the Union Budget could linger on this week. Trading activity of foreign investors will also be a key driver for the markets, experts noted. "US and India's manufacturing PMI for January to be released on Monday, will be the key macro data to watch out for.
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.
Jammu and Kashmir Chief Minister Omar Abdullah has said that India and Pakistan came closer to resolving the Kashmir issue during the Manmohan Singh-led UPA government. He added that he does not expect a return to that situation in his lifetime. Abdullah lauded Singh's efforts on Kashmir, including the setting up of working groups on the issue, and said he practically initiated measures for the return of displaced Kashmiri Pandits. The chief minister also praised Singh's contribution to India's economic development.
Finance Minister Arun Jaitley said government would continue reforms by taking executive actions.
Those who stay in other countries illegally do not have any legal right to be there, Modi said.
India's economy is likely to grow by 6.5 per cent in the current and the next financial year, an EY report said, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. Real GDP growth eased to a seven-quarter low of 5.4 per cent in July-September -- the second quarter of the current 2024-25 fiscal year.
Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2021-22 along with Statistical Appendix in the Lok Sabha on the first day of the Budget session of Parliament. Later, the Lok Sabha was adjourned till tomorrow. The Economic Survey will now be tabled in the Upper House. The Budget Session of the parliament commenced on January 31 with President Ram Nath Kovind's address. The first part of the Budget session of Parliament will be held from January 31 to February 11 and the second part of the Budget session will take place from March 14 to April 8.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
'Rates go up, revenues go up, and the need for compensation diminishes.'
American businesses are lobbying with political parties here to build a consensus on stalled economic reforms such as liberalisation of foreign direct investment (FDI) in sectors like multi-brand retail, aviation and insurance, and for expeditious introduction of a Goods and Services Tax (GST).
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.
President Droupadi Murmu on Saturday conferred Bharat Ratna, the country's highest civilian honour, on former prime ministers P V Narasimha Rao and Chaudhary Charan Singh, agriculture scientist M S Swaminathan and two-time former Bihar chief minister Karpoori Thakur, posthumously at a ceremony held at the Rashtrapati Bhavan in New Delhi.
A report on South Asian countries released by the World Bank on Wednesday said that India's continuing slowdown is broad- based across sectors.
Hints at taking support from Opposition if allies continue to show reservations
Dalal Street minnows stole the show in 2024, giving handsome returns to investors, helped by a largely optimistic trend in the stock market and impressive retail investors' participation. Analysts attributed the positive trend in the equity markets, where the benchmark indices shattered many records this year, to robust domestic liquidity, strong fundamentals of the Indian economy, and policy continuity.
It is time for Mr Modi to be a little more reasonable and rational.
Leterme contended that there is a need for the United Nations Security Council to adapt to the realities of the 21st century as it requires representation that goes beyond the structures established in the 20th century.
Today even those who support Prime Minister Modi feel there is a certain sense of listlessness in this government. What is it intending to achieve? This is not easy to say, notes Aakar Patel.
In a statement issued after its Article IV Consultation with India, the IMF said that Reserve Bank of India should be ready to increase rates to check any further rise in inflation.
US President Barack Obama remains committed to economic reforms and recovery, says White House.
Why did the political system in the country react to these two decisions of the Modi government in a diametrically opposite manner? asks A K Bhattacharya.
'It would be difficult for us to run jails if it wasn't for murderers.'
'Stay disciplined, and remain invested.' 'Volatile times are the best to invest in structural opportunities at the right price.'
This Women's Day Week, we pay tribute to the extraordinary courage, resilience, and leadership of three iconic Indian queens -- Rani Lakshmibai of Jhansi, Rani Chennamma of Kittur, and Maharani Ahilyabai Holkar of Malwa.
'... that it once again shies away from renewing its commitment to strategic divestment,' points out A K Bhattacharya.
Union Finance Minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout.
The prime minister was responding to a question that many of his admirers are disappointed about the slow pace of economic reforms in India.
'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'
If India grows at 6% per annum, it will take 14 years to reach the per capita income level of China and 104 years to reach the US levels. So more and speedy reforms are needed.
The outlook is improving and that mostly reflects the fact that the new government has pledged to prioritise economic reforms.
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
He stressed that reform for him was just a way station on the long journey to the destination and the destination is the transformation of India.
Ruling out early elections, the minister said the government would last for 13 months more and would continue to take small but significant steps to ensure that the country achieves its potential growth rate of 8 per cent.
India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances