Prime Minister Manmohan Singh said that rising food prices would make inflation control a more difficult task and it has the potential to derail economic reforms. "We in India too are deeply concerned about rising global commodity and food prices. . . a steep rise in food price will make inflation control more difficult and can thereby hurt the cause of macroeconomic stability. The constituency for economic reforms, so necessary for growth, would also diminish," the PM said.
At close, the Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654. Earlier in the day, the Sensex had hit a high of 25,645.
The Narendra Modi-led government's functioning in its first week has offered a renewed sense of optimism even as no major policy decision or economic reforms have been announced, according to the US corporate sector.
From Sri Lanka's most popular political family to its most despised -- going by the voices on the streets calling for the Rajapaksas' ouster -- what went wrong for the clan? Veteran Sri Lanka watcher N Sathiya Moorthy offers an insight.
Tax reforms, GST rollout, public sector divestments top India Inc agenda; call for seizing the occasion.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
The American view of India's economic reform process was voiced by that country's Ambassador here David C Mulford, who said: "There are signs of a pause in the reforms process in recent months."
Prime Minister Narendra Modi will visit Washington later this year and US President Donald Trump looks forward to hosting him, White House said on Tuesday.
The finance minister must reverse the government's turn to statism, and lay out a reformist vision in the Budget.
There is simmering disquiet in the Communist party and the world is watching as to what can unfold in China in the days to come ahead of next year's party congress, notes Rup Narayan Das.
Prime Minister Manmohan Singh turns 80 today.
The prime minister also made it clear that reform has to be driven by the people and that it cannot be undertaken by stealth
The average number of procedures for starting a business is seven among South Asian economies, it is 12 for India.
The rally in the broader market also mirrored the positive trend seen in other Asian markets.
The eight-member committee under Sinha will also examine the factors affecting the timely and adequate availability of finance to the sector.
The Confederation of Indian Industry on Thursday expressed confidence that the economic reforms would continue to be a focal point whichever party forms the next government.
With reservations expressed by the Left parties weighing heavily on his mind, Prime MinistercManmohan Singh told the US Congress on Tuesday
The agency said announcements by Modi and Finance Minister Arun Jaitley after government formation 'signal a strong intention to pursue reforms'.
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.
Manmohan Singh, the economist credited with playing a key role in ushering in economic reforms in the 1990s, demits office of Prime Minister after 10 years, leaving a mixed legacy of achievements and failures.
India's monetary policy continues to remain hawkish as RBI Governor Raghuram Rajan fights a lone battle to get the economy back on track while the government 'fails to walk the talk.
If the Modi government's approach to economic policy making is any indication, expectations of a sudden spurt in economic reforms after the assembly election results appear to be grossly misplaced.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
Top corporate managers on Thursday expressed confidence that the Congress-led coalition, in case it forms the government at the Centre, would give a fillip to economic reforms.
Reforms may have removed many controls on industry, but the need to deal with the government or its civil servants has not declined.
India's projected 8.1 per cent GDP growth rate this year was "quite achievable" as investors' confidence had gone up substantially due to sustained economic reforms, a noted economist said on Monday.
'The Congress saw Rahul as the natural leader of the party and wanted him to take a larger role'
Prime Minister Atal Bihari Vajpayee has said economic reforms are on course and his government "will take some bold steps in future".
Commenting on economic reforms, he claimed that accord is necessary to achieve these objectives in India.
Sharma said both US President Barack Obama and Indian Prime Minister Manmohan Singh are firmly committed to take this relationship to greater heights.
In an oblique attack on the United Progressive Alliance government, Gujarat Chief Minister Narendra Modi on Monday said there was lack of trust in governance in the country, which poses a "grave danger" to democracy.
In its latest report '2013 National Trade Estimate: Foreign Trade Barriers' the US Trade Representative has listed out a whole range of difficulties US companies face in India, which according to officials prevent them from realising the full potential of India-US economic relationship.
The market rode on US Fed plans to continue the stimulus measures and China's economic reforms.
India on Wednesday warned WTO members of backlash in developing countries if economic reforms were perceived to be an imposition from outside.
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