'It is clear that nature is not in a mood to give us leeway to be lazy, inefficient or just do business as usual.' 'It is telling us that we have no time to get things wrong. We need to take drastic actions - now
'Success will require political skill, not just economic expertise'
In the second and final part of this interview, energy and coal industry expert Sunjoy Joshi tells Sheela Bhatt/Rediff.com that we need to take a comprehensive view of the entire energy sector and how piecemeal reform won't take us very far.
A must-read excerpt from former RBI governor and former Rajya Sabha member Bimal Jalan's India: Priorities For The Future.
Large and small businesses alike have delivered low-key performances.
Former Air India executive director Jitender Bhargava comes out with a book detailing what went wrong with the national carrier. According to him, India does not have a civil aviation policy, and that's just the beginning.
'There has definitely been a breakthrough in the nuclear logjam. It is good to see nuclear energy back on the rails,' says Dr Anil Kakodkar, former chairman, Atomic Energy Commission.
The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending.
As investors try to second-guess the US Fed, corporate and election results could have a bearing on market direction
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
The recent market crash in China has triggered sympathetic drops.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
Shekhar Chakravarty has developed and patented Curvo -- world's first non-linear ropeway system.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
India must formulate a new growth path to become a top Asian economy.
To cut interest rates, the central bank head has to open up a debate on inflation target revision.
Perhaps India needs to implement these for Achhe Din to happen.
COP 21 is about how much carbon space is left and who gets how much of that space
China has relaxed its one-child policy and further freed up markets in order to put the world's second-largest economy on a more stable footing.
Pushing a barrel of oil back to around $100 would require a reduction of production of about two million barrels a day - a cut that would fall predominantly on Saudi Arabia.
The government must justify why we need to buy foreign reactors when we have developed up to 700 MWe unit-size pressurised heavy water reactors, a design which can be easily extended to 900 to 1000 MWe unit size. Why can't the 'Make in India' philosophy apply to indigenous nuclear reactors, more than 18 of which have been designed, built, and being operated by Indian engineers, asks Dr A Gopalakrishnan.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
This start-up connects diners with regional cuisines that restaurants do not serve.
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
Only three percent of Indians pay income tax; our tax-GDP ratio is among the lowest in the world. This must change. Our elites must realise that India's poverty has damaging consequences for them, and that they can help decrease it. The food security bill, with all its limitations, will hopefully contribute to generating such awareness, says Praful Bidwai.
Is North Korea really dismantling its nuclear programme? Rajaram Panda explains the many challenges to denuclearise the Korean Peninsula.
It will be difficult for the Indian equity to outperform overall growth to the extent bullish observers expect.
Urban markets account for the major share of total revenues.
'Modi's victory is his own victory. Now what he has done thereafter, it seems to me, leads us to believe that he was a bit too prolific with his promises.' 'One achievement of Modi's I will praise is that he has put the fear of God among his ministers and officials.' 'Indira Gandhi's sentiment of controlling everything, centralising power in to her hands is the quality that persists in Modi' Veteran journalist Inder Malhotra casts his experienced gaze on one year of the Modi Sarkar.
It emphasised that agricultural infrastructure needs considerable investments and hence Section 80IA benefits must be extended to all such investments like IT infrastructure, computers, VSAT, solar panels, water harvesting facilities, storage etc.
Narendra Modi and his government should look at the emerging geo-politics realistically and not get sucked into having to make a choice between China and Japan. India has enough economic space for both, says Mohan Guruswamy.
Re-instatement of 5% custom duty on crude imports will help.
India Inc is encouraged by a determined Budget.
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