Reaffirming its commitment to economic reforms in the country, the Congress party said it wanted India to achieve 10 per cent growth rate and become a global player.
The fiscal deficit in the first five months of the current fiscal ended August stood at Rs 3.69 lakh crore, or 66.5 per cent, of Budget estimates for 2015-16.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
BJP has come through on reforms without really declaring it. Just like it abandoned all the RSS ideas without really announcing it, says Lord Meghnad Desai.
US Secretary of State John Kerry called up Afghanistan President Ashraf Ghani and CEO Abdullah Abdullah in a bid to douse the simmering tension between the two Afghan leaders and save the Unity government formed as a result of his intervention and mediation two years ago.
'Our prime minister is highly educated, humble and has a great track record.'
RBI's timely dollar-selling intervention helped the rupee rally smartly against the US currency on Monday after it met with severe early pressure and touched the 46-dollar levels.
'In this season of inspired mean-spirited campaigning, it still seemed remarkable that we are more likely to learn civics lessons from school children than our leaders,' says Rahul Jacob.
India should accelerate the pace of reduction of customs duty rather than merely carry on building up the foreign exchange reserves, according to Montek Singh Ahluwalia, former finance secretary and one of the authors of India's economic reforms.
'A very vast majority of us will catch it at some point, about 8 out of 10 won't feel much worse than a common cold's nuisance, if at all, but some will die.' 'A very, very vast majority, at least about 98 per cent of those infected, if not more, under any circumstances, will live through it,' observes Shekhar Gupta.
The much-delayed Insurance Bill seeks to raise the foreign investment cap in the sector from 26 per cent to 49 per cent, with a rider that the management control rests in the hands of Indian promoter.
Singh asserted that the people have made up their minds to vote out the government
The government had lately issued an ordinance on the insurance sector and introduced a Constitution amendment Bill on a national goods and services tax.
Worried by the slow progress of economic reforms, Prime Minister Atal Bihari Vajpayee declared on Friday "we need to move rapidly" to end inspector raj through governance reforms at various levels.
The readings, for the month of October, are based on Composite Leading Indicator that are designed to anticipate turning points in economic activity relative to trend.
Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
The ongoing reforms and stress on infrastructure development and fiscal consolidation would have a positive influence on GDP growth, which averaged 5.9 per cent during 1992-2003.
The Congress president also hit out at Modi's Gujarat model of development, describing it as "good propaganda" and marketing, but "hollow from within".
Modi and Najib also invited each other to visit their countries.
Expressing concern over slowdown of trade with India, United States said bilateral trade between the two countries could go up by a further $38 billion by 2015 if India accelerated its economic reforms to match the US endeavour.
'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.
It is imperative to check the basics of a company before investing in it
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
The rupee had lost 30 paise to close at 61.35 in the previous session on Friday on fresh demand for the US currency from banks and importers due to firm dollar overseas and sharp fall in local equities.
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