Extending losses for the fourth straight session, the BSE benchmark Sensex today fell by over 107 points in early trade due to investor concerns, after DMK withdrew its support to the ruling UPA government.
The Asian Development Bank (ADB) on Monday lowered India's growth forecast for the current fiscal to 5.6 per cent, from 7 per cent projected earlier, citing falling global demand and impact of delayed monsoon on agricultural production.
The fact is that by conflating Modi with Gujarat the larger lesson in development -- economic reforms -- is being sidelined and lost, say Sonali Ranade and Shaelja Sharma
The earlier perception of policy paralysis "has now changed" in the US in view of the new set of economic reforms unleashed by India.
He said his government was committed to further reform policies to boost 'Make in India' and for creating conducive business environment through stable and transparent regulatory mechanisms
S&P earlier this week had said India faces 'one-in-three' chance of rating downgrade in the next two years
In a candid conversation with rediff.com's Indrani Roy, Arunava Ghosh spoke about the split between the Congress and the Trinamool, the possibility of a mid-term poll and Banerjee's present political stance.
In a candid conversation with rediff.com's Indrani Roy, Arunava Ghosh spoke about the split between the Congress and the Trinamool, the possibility of a mid-term poll and Banerjee's present political stance.
A coalition government doesn't lend itself to the kinds of demands US companies are making.
India's economy is likely to grow at the slowest rate in a decade this year.
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).
Sensex crosses 19,000-mark for the first time since October 5.
Raghuram Rajan said the passage of the GST Bill augurs well for the growing political consensus for economic reforms.
Besides, a higher opening in the domestic equity market and strengthening of the euro against the dollar overseas following a long-awaited bailout deal for Greece, supported the rupee, forex dealers said.
The domestic unit had lost 9 paise to close at fresh two-and-a-half-month low of Rs 55.21 per dollar in the previous session on continued dollar demand from importers.
During his nearly 25-minute speech, Trump praised Modi's economic reforms and said these reforms have lifted more than three million people out of poverty. "And that is an incredible number," he added.
Modi has been established by this election as the "clear and favourite winner" for the 2019 elections.
From NCTC to GST and from economic reforms to targeted subsidies/entitlements the political need of the present times is leadership in Patel's mold that can engage, negotiate, build trust and confidence where possible, awe and overwhelm when necessary, says Shashi Shekhar.
Hints at taking support from Opposition if allies continue to show reservations
However, in 2020, gold demand in India -- the world's second biggest consumer after China -- could increase to 700-800 tonnes on hopes of increased acceptance of high price level and likely economic reforms boosting consumer confidence, World Gold Council said.
Country can regain growth momentum with rate cuts and telecom reforms.
Gujarat's success story deserves all the credit that good performance demands. However, the credit for it owes to economic reforms and the entrepreneurial tradition of Gujarat, say Sonali Ranade and Shaelja Sharma
India is not able to specialise according to its natural comparative advantage, says Devashish Mitra.
A new law gives more teeth to the shareholder and empowers him to take legal action against a company for fraud.
Kabhi haan, kabhi naa... The gossip now is that Rahul Gandhi won't become a Cabinet minister. Even as Congresswallahs wonder what Mamata Banerjee is upto, there is one senior leader in the party who is feeling very grateful towards Didi. To find out more, don't miss this week's Dilli Gupshup.
China's external debt crossed $751 billion in March, highest since it embarked on economic reforms in 1985, even as debt ridden local governments have been barred from issuing bonds directly to raise revenues.
As Pranab Mukherjee resigned to contest the Presidential poll, Prime Minister Manmohan Singh on Tuesday took charge of the finance ministry portfolio at a time when the country's economy is going through a bad phase.
Weeks before the "big bang" decisions on economic reforms, Prime Minister Manmohan Singh had made clear to Mamata Banerjee about the intention to allow Foreign Direct Investment in retail and called her to inform just before the Friday's cabinet meeting but she did not receive the call.
Broadly, where policy has remained mainly in government hands, the problems more thoughtful commentators noted back in the mid-nineties remain.
Corporate America has urged India's Finance Minister to announce a bold Union Budget that would unleash the next generation of economic reforms and help the country realise its full growth potential.
Asserting that India has made tremendous progress under Prime Minister Manmohan Singh, the Indian National Overseas Congress USA has said that The Washington Post article on the architect of economic reforms has done grave injustice to the legacy of a great man.
Infosys chief Kris Gopalakrishnan on Wednesday expressed hope that DTC and GST will be pushed through in the forthcoming budget, while Genpact vice chairman Pramod Bhasin feared economic reforms will be tough going forward.
Kaushik Basu, till recently the chief economic adviser of the government of India, who created a political firestorm in April when he said here on the sidelines of the World Bank/International Monetary Fund meetings that no economic reforms were likely in India before 2014 when parliamentary elections are due, has been appointed the World Bank's Chief Economist and Senior Vice President.
As many as 76 per cent of the respondents did not expect economic reforms to move forward, given the upcoming 2014 general elections.
India had been growing around 8-9 per cent before theglobal financial meltdown of 2008. The growth rate in 2011-12 slipped to nine-year low of 6.5 per cent.
The importance of political reforms to sustain economic reforms, which was the keynote of the policies advocated by Prime Minister Wen Jiabao, has been given less importance in the deliberations preceding the new Party Congress, says B Raman
Prime Minister Manmohan Singh on Saturday said the Indian economy was facing "difficulties" but expressed hope that the challenges will be overcome.
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.
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.
A CNN-IBN Urban India Ooinion Poll shows the recent economic reform move of the government has not gone down well with the urban India. The poll shows that while the price rise and corruption remain the major concerns for the urban India, there is also a massive anger over cap on LPG subsidy and diesel price hike among the people across the cities.
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