The Bharatiya Janata Party said it is pro-economic reform but wants the government to stoop before it can conquer on securing its support for key legislative changes, chiefly in banking, insurance and pensions, which form part of the reform agenda.
Prime Minister Manmohan Singh would expedite action on implementing the long-awaited reforms in the banking, insurance and pension sectors once the government managed to win the trust vote in the Lok Sabha on Tuesday, government sources said on Saturday.
If the government addresses them nevertheless, it will be in response to the charge that it has done little of note in the last four years.
Though the Planning Commission favours imposition of a direct tax on Special Economic Zones (SEZs), it does not agree with the contention that these tax-free industrial enclaves are leading to revenue loss.
'And this mirror imaging is the most dangerous thing because it leads to tremendous misunderstandings.'
If solutions are not found, adequately and in good time, things could simply slip out of everyone's hands, warns N Sathiya Moorthy.
This is for the first time that Trump has acknowledged the contribution of Indian-Americans and Hindus in his historic electoral victory.
Amidst increasing criticism by the Left parties against the free market forces in the wake of price rise, Prime Minister Manmohan Singh on Friday said his government has followed 'hands-off' policies and will remain committed to liberalisation.
External Affairs Minister Pranab Mukherjee said on Tuesday 'problems' are being created from within the country and raking up of 'non-issues' hamper efforts to attract desired foreign investment.
India's economic growth can reach a sustainable 10 per cent and be spread more evenly across the country if the government pursues ambitious and wide-ranging economic reforms, Organisation for Economic Cooperation and Development has said in a survey.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
Reforms have to accentuate if we have to reach a double-digit growth rate. That's the only way to be able to spend more on social issues like health and education, says Jagdish Bhagwati.
There was an improvement in the eighties to an average of 5.6 per cent per annum. When even moderate growth became unsustainable, and there was a threat of collapse, India made a decisive shift in 1991.
In an interview to CFO Asia, a publication of The Economist Group, Montek Singh Ahluwalia said the general public was opposed to privatisation of state-owned enterprises although they feel that public sector was inefficient and corrupt.
'Some of his decisions were not so good, but his intentions were always guided by a deep national interest.'
The finance minister is in Singapore for The Singapore Summit.
The article also said that the opposition Congress party has little to offer other than the dynastic principle.
Rating agency Moody's has described Budget 2007-08 as "largely unremarkable", as it disappointed businesses and the market's hope for meaningful economic reforms.
But for the PM's decision, my teenage daughter, a child of the post-economic reforms generation, could never have imagined the Socialist India that remains so much a part of my growing up years, says Syed Firdaus Ashraf.
India's labour laws have become less complicated with bold economic reforms and the over one billion population has become a potential human resource 'asset' in the nation's leap forward, a labour lawyer has said.
Manmohan Singh, P Chidambaram and Yashwant Sinha presented 5 Budgets each while Jaswant Singh presented only one Budget.
Speaking at a fireside chat with Microsoft CEO Satya Nadella, he said the big change driving this transformation was the deepening of mobile networks which were working at a much faster pace than before.
Planning has not lost relevance in India, but the Planning Commission has to reinvent itself.
The head of the Congress's first family has never been an astute politician, points out Amulya Ganguli.
A progressive tax system (in which the rich pay more than the poor) is one in which direct taxes account for more revenue than indirect taxes (which are on goods and services). In that respect, India's period of supposedly extortionate tax rates produced a most undesirable result because the Centre's next direct tax revenue was barely a fifth of its net indirect tax revenue.
Both HDFC Bank and ICICI Bank have come to be acknowledged as the best in their fields, with complementing strengths and far-sighted game plans.
We stand to gain by knitting together our two nations in a web of healthy economic interconnections.
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.
The debate on whether economic reforms and accelerated economic growth have led to faster reduction in poverty levels and employment growth continues to generate disagreement.
If you're planning to make the trip, we're looking out for the best places to stay, eat, party and of course see all the action!
Farmers to whom the lands belong complain that they have been caught unaware by the acquisition process.
Although collection of education Cess is to literate Indians, the practice of levying a particular percentage of Cess for a particular category of education, leaves the public with a serious doubt
Chinese President Xi Jinping on Wednesday praised Prime Minister Manmohan Singh's contribution to the improvement of Sino-India relations.
According to the Economic Freedom of the World Report 2007 released by Commerce and Industry Minister Kamal Nath on Tuesday, India's overall ranking on the global economic freedom index improved to 69 in 2005 from 80 in 1990.
The Indian Institute of Management, Kozhikode, is organising Crucible 2006, a seminar on The Changing Face of Indian Economy.
Indian stock markets have developed a resilience to political hurdles, reforms and have aligned to global cues which decide the direction of their movement, a report by a leading investment bank has said.
India is fielding a 100-member team, led by Commerce Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. The duo will address a number of India-centric sessions on economic reforms.
Saudi Arabia has announced easing of foreign manpower recruitment procedures as part of several key initiatives to make the kingdom investor-friendly.
Economist Deepak Nayyar says economic openness, while necessary, is not sufficient, and is conducive to development only when combined with industrial policy.
Since the publication of Yashwant Sinha's memoirs of his days as finance minister, a debate is raging over whether due credit is given to the man who presented five Budgets in a row under two governments led by Atal Bihari Vajpayee.
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