Why is the Bharatiya Janata Party opposed to FDI in retail? A day after promising to scrap FDI in retail, the BJP set about fine-tuning its line to ensure it did not fall foul of the middle-class.
Finance Minister pegs 2011-12 growth at 8.6 per cent, expects inflation to fall to 6-7 per cent by end of the financial year.
The two governments have already set a target of increasing bilateral trade in goods and services to $500 billion.
Nearly eight out of 10 Chinese, who took part in a national poll said they believe China should stay on the path of political reform while according top priority to stability to avert a collapse similar to that of the erstwhile Soviet Union in 1991.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
The finance minister's assertion that industry should not expect any spectacular announcements in the 2024 interim Budget suggest that the electoral imperatives of more tax concessions or higher expenditure on welfarist programmes could be far less pronounced than they were before the 2019 interim Budget, expects A K Bhattacharya.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
The government's annual Economic Survey on Friday strongly defended new farm laws, saying they herald a new era of market freedom which can go a long way in improving lives of small and marginal farmers in India. These legislations were designed "primarily" for the benefit of "small and marginal farmers", which constitute around 85 per cent of the total number of farmers and are the biggest sufferer of the "regressive" APMC-regulated market regime, the survey said. The pre-budget document defended the farm laws in the backdrop of long-running farmers' agitation at various borders of the national capital seeking repeal of these legislations expressing concern that they are pro-corporate and could weaken government regulated mandis, also called Agriculture Produce Marketing Committees (APMCs).
The economy is projected to clock 7.4 per cent growth.
The PFRDA is engaged in consolidating the initiatives taken so far regarding the full New Pension System and expanding the reach of distribution network.
In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya.
Noting that the economic crisis had underlined an urgent need for reform in the international financial structure, member of parliament Saifuddin Soz called for a greater role for developing nations in norm-setting and decision-making bodies like the International Monetary Fund.
IMF has praised India's economic performance and has negated the concept of decoupling as economies today are much closely related to each other.
Rising energy demand could tilt India's energy basket towards fossil fuels from coal to oil, natural gas.
There is, between Rao's tenure as PM and the current Modi regime, a powerful resonance of how transition can be managed. Rao's tenure saw many scams -- one where he was supposedly approached by Harshad Mehta with a bribe for making the securities scam go away. The Opposition insisted on a JPC. Despite knowing a JPC report would undermine him politically, Rao agreed to one, saying he had 'nothing to hide'.
As an ideal, economic democracy is not easy to define, but its core principle is to prevent any concentration of wealth that inhibits economic freedoms of society as a whole.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
The GDP growth for 2014-15 is pegged at 5.4 to 5.9 per cent: Economic Survey
It will be in Modi's interest to reinvent his party, read the writing on the wall that voters wrote, and move ahead. He has little choice now. The country is watching, asserts Ramesh Menon.
The Confederation of Indian Industry rated the performance of the NDA government on the economic front "excellent" even though the reforms agenda was unfinished.
Finance Minister P Chidambaram on Friday appealed to the UPA coalition partners and allies to give "political space" for pushing forward the pending financial sector reforms, crucial for sustaining high economic growth.
This is the lowest investment grade rating.
