The government has to take a call on reducing or retaining the excise rate.
The central bank and Indian government has reached a "broad consensus" on the composition of a rate-setting panel.
The agreement on pricing last month marks a significant step towards promoting energy security in the region, say Nisha Taneja & Samridhi Bimal.
India's foreign exchange reserves are at an all-time high.
We are witnessing a new phase where business leaders are realising globalisation has to take into account national identities and cultures, says Claude Smadja.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
President Xi Jinping on Tuesday pushed China's free trade vision for the Asia Pacific region and asked APEC to "break open closed doors" as leaders of the grouping held talks on forging consensus over opening up commerce in the resource-rich and economically dynamic region.
Kuala Lumpur's delay in roping in India to help track the missing aircraft is an indicator that New Delhi must redouble its diplomacy and capacity demonstration in East Asia, feels Nitin Pai
If you ignore market upheavals and stay the course, you end up making money, says Larissa Fernand
The Chinese leader will display his grip on the Communist party and chart his plans for his country's future.
Higher growth, reform bets have boosted returns but leave limited room for error.
Global economy will have to grapple with few tough situations in 2015.
'If push comes to shove, Pakistan does have the capability to make it difficult for the US and NATO forces to make even a withdrawal of troops out of Afghanistan in orderly fashion,' says Ambassador M K Bhadrakumar.
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
The country saw two straight years of deficient monsoons.
IMF attributes the slower growth rate to supply-side bottlenecks.
'The middle class is already alienated.' 'If the stockmarket is destabilised, the BJP is finished; the party will lose in every town.' 'And if the stockmarket crash happens now, the BJP will not cross the 150 mark in 2019.'
The annual list, released on Wednesday by Geneva-based World Economic Forum, comes at a time when the new Indian government has completed 100 days in power and has promised further steps to revive its economy and the ease of doing business in the country.
Even as the United States snuggles closer to India with the thinly veiled objective of containing China, the Indian strategy is to avoid alienating either nation.
'Both Japan and China face a common challenge: How to deal with Trump.' 'The trade war with the US seems to have facilitated/hastened Abe's China visit, the first by a Japanese prime minister since 2011,' points out Dr Rajaram Panda.
'Over the last two decades, the India-French relationship has grown steadily, no major political difference having darkened the sky between Paris and Delhi,' says Claude Arpi.
'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.
'His secretary of defence nominee, General James Mattis, says he expects Pakistan to take action against terrorists operating from its soil.' 'Any pressure the US can bring on the Pakistani regime terror-wise would pay dividends for India.'
''There is the perennial worry in the Indian mind regarding the US 'hyphenating' India and Pakistan. Frankly, this is a completely nonsensical hypothesis. The US has always 'hyphenated' India and Pakistan and it couldn't have been otherwise,' says Ambassador M K Bhadrakumar.
The good news for us is that India's economy - and sentiment about it - is much better than it was a year ago, says Jamal Mecklai.
Voted to power with an absolute majority for the first time in nearly three decades, India's Prime Minister Narendra Modi, considered as an able administrator, promises "a fresh engagement" with the United States, a latest Congressional report has said.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The rally in Indian market is mainly due to resumption of foreign institutional investor inflows.
'After many rudderless years, India and Japan have prime ministers with a sense of purpose and direction,' says Brahma Chellaney.
Rediff.com takes a look at some personalities who are likely to win the prize this year.
'Checkmating India by its nukes, Pakistan can pursue terrorism against India in the Kashmir Valley and also resume launching Mumbai 2008 style attacks.' 'The military oligarchy in Pakistan has a totally different view of what is desirable and possible in the subcontinent.'
'There is nothing that Pakistan has done which deserves a resumption of dialogue. The assurances made in Ufa contain no commitment except a whole range of talks, which could take place without the paraphernalia associated with a joint statement of prime ministers.'
62 mass murders carried out with firearms across 30 US states. Of these, 12 were in schools, 19 at workplaces, the other 31 cases took place in shopping malls, restaurants, government buildings and military bases. The average age of the killers was 35, with the youngest only 11 years old. B S Raghavan on how the killings will continue until America confronts the urgent need for gun control.
'One lesson to emerge out of the Modi-Putin summit is that India can be more self-confident that it possesses inherent strengths to leverage its interlocutors to influence Pakistani policies,' says Ambassador M K Bhadrakumar.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Deadline to submit convincing reform plans is this week.
The sector faces many challenges and calls for prompt corrective action.
'The "Hollandisation" of British policy may not bring the expected gains as the future may show,' says Claude Arpi.
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