Chinese state media on Wednesday said Prime Minister Narendra Modi's economic reforms have achieved "little progress" and asserted that the Chinese economy was five times bigger than the Indian economy.
His statement comes in the wake of a Supreme Court order halting divestment in two oil PSUs.
Former Prime Minister Manmohan Singh was a brilliant economist with a visionary outlook on India's potential, combined with a fine sense of political feasibility, former RBI Governor Raghuram Rajan said on Friday. Singh, the architect of India's economic reforms, passed away here late on Thursday at the age of 92.
Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.
Hindutva is being conflated with good governance and economic performance in a determined bid to promote Narendra Modi, says Sonali Ranade
Former Indian Prime Minister Manmohan Singh's mortal remains were brought to the Congress headquarters in New Delhi on Saturday, where top party leaders paid their last respects. Singh, who headed the Congress-led UPA government and is considered the architect of India's economic reforms, died on Thursday at 92. A seven-day national mourning will be observed throughout the country in his honor.
People like Manmohan Singh and P Chidambaram, who as finance minister had fully supported the NPS, refuse to exercise their moral and political influence to try and stop Ashok Gehlot and others hell-bent on wrecking the states' finances, notes Virendra Kapoor.
India's Finance Minister P Chidambaram has described the country's banking sector as the driving force of economic reforms, though New Delhi is still to fully open the sector to foreign financial institutions.
A leader of reserve and quiet dignity, former prime minister Manmohan Singh had a keen taste for Urdu verses, and his poetic banters with Bharatiya Janata Party leader Sushma Swaraj in the Lok Sabha are among the most viewed parliamentary debates on social media.
'A man who brought about the greatest set of economic reforms in the country, who changed the course of Indian history, cannot be considered weak.' 'A man who fought for nuclear reforms even though his majority in Parliament was threatened, he cannot be considered weak.'
Stalwarts of Indian sports paid rich tributes to former Prime Minister Dr Manmohan Singh, who died on Thursday, describing him as a visionary, who had quiet strength and humility.
Asking the state finance ministers to resolve the pending issues expeditiously, the Centre on Thursday said introducing Goods and Services Tax was critical for economic reforms.
Recalling Singh as a very humble person, Kumar said, "Dr Singh used to live here. I was a child when his family shifted out. It was a very nice family." The house where the Singh family lived is in a dilapidated state now as no one stays there since they moved out a long time ago, Kumar said.
After Congress, the United Progressive Alliance on Thursday endorsed government's recent tough economic decisions and discussed the need "to do more reforms".
Indian governments enjoy brief periods of autonomy before politics take over.
The Obama Administration is encouraged by recent steps taken by the governments of India and Pakistan to initiate closer trade and commercial ties.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
Manmohan Singh, the former prime minister of India and architect of the country's economic reforms, passed away on Thursday night at the age of 92. Born in a village in undivided Punjab, now in Pakistan, Singh's family witnessed first-hand the tragic Partition. Throughout his long public life, he often spoke of communal harmony and democratic values. He served two terms as prime minister from 2004 to 2014 and was known for his wisdom and quiet demeanor.
'If we truly wish to understand and apply Marx's insights today, we must reject the rigid dogmas that later 'Marxists' imposed in his name.'
Gems of wisdom from Dr Manmohan Singh, who passed into the ages on December 26, 2024.
T Nanda Kumar, former food and agriculture secretary, shared his memories of working with former prime minister Manmohan Singh during some of India's most challenging times, highlighting Singh's compassionate leadership and commitment to ensuring food security for all Indians. Kumar recalled Singh's steadfast support during the 2008 global food crisis, where he championed a ban on non-basmati rice exports to secure domestic supplies. Singh's leadership, characterized by intellect and humility, left a lasting impression on Kumar, who considered him a mentor and guiding light.
Britain hopes that after the forthcoming Lok Sabha elections the next government will carry forward the economic reforms process that should see India emerging as the third biggest economy in the world over the years to come.
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.
Reaching out to the American business community, he said, virtually all spheres of Indian economy are open for participation by foreign investors and "no investors will be more welcome than investors from this great country".
Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.
Popular anguish over the slow pace of economic reforms has grown more intense in the last few weeks even as Congress President Sonia Gandhi takes charge as the head of the National Advisory Council and Prime Minister Manmohan Singh's grip on the policy-making apparatus of the United Progressive Alliance (UPA) government appears to get weaker.
Dr Manmohan Singh, the architect of India's economic reforms, had to literally face a trial-by-fire to ensure widespread acceptance of his path-breaking Union Budget of 1991 that saw the nation rise from its darkest financial crises.
He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.
'If the BJP detoxifies the nuclear liability law, it will bring economic, environmental and, most of all, strategic benefits.' 'Let's keep our fingers crossed and hope that this Budget promise is met soon -- ideally, before Mr Modi heads to his first meeting with Trump 2.0,' observes Shekhar Gupta.
India must carry on with economic reforms: Lord Swraj Paul
When questioned on recent efforts by the US to bring up issues against India at the World Trade Organization, most recently to thwart India's efforts to market generic drugs, Rao reiterated the 'candour in the dialogue' both countries have which had helped maintain a balance, eschewing any extreme decisions.
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.
Finance Minister Pranab Mukherjee on Monday strongly refuted observations by US think-tanks, the government and industry that India has gone slow on economic reforms and insisted that a series of reforms are in the process, which will lead to the next round of growth.
'The critical event signalling a new era for India was Dr Singh's 1991 Budget in which he quoted Victor Hugo to say that no power on earth could stop an idea whose time has come,' recalls T N Ninan.
Indian economy is on growth path, says US diplomat.
Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday.
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