The International Monetary Fund has asked India to speed up reforms, including removal of trade barriers, liberalisation of FDI regime and easing of labour laws, to attain over 6-6.5 per cent GDP growth.
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
Organised by Left-wing farmers' and workers' outfits, the 'Mazdoor Kishan Sangharsh Rally', began from the Ramlila Maidan and culminated at the Parliament Street.
The winter session of Lok Sabha was adjourned sine die on Tuesday after passing 18 legislations, including amendment bills on amend coal mines allocation and labour laws, in 22 sittings.
The government should have mentioned clearly the specific structural reforms that were responsible for the deviation from the fiscal deficit target by half a percentage point, says A K Bhattacharya.
'If he were to ask me, I would tell Mr Modi that the real Congress legacy he has to undo is not Nehru's social and political philosophy -- which fits India perfectly -- but his daughter's economic philosophy,' says T C A Srinivasa Raghavan.
Though FDI inflow has been on the rise in the past three years, it is mostly on account of services
Resuming trade talks after a gap of five years, India and Japan on Friday committed themselves to enhance the miniscule $3.5 billion bilateral trade and resolved to address impediments like the rigid labour laws.
Majority of foreign companies plan expansions and perceive 'opportunities' for higher investment provided bottlenecks in infrastructure, legal and labour laws are removed, a survey by Federation of Indian Chambers of Commerce and Industry said.
Paving the way for the first set of labour reforms in the country, President Pranab Mukherjee has given his assent to Rajasthan's amendments to three laws.
Subramanian said the government is also taking various other steps to improve ease of doing business in the country.
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
The Centre intends to consolidate the 44 central labour laws into 5.
Nearly 60 million workers across India, roughly equivalent to the entire population of France, will go on strike on Wednesday to protest against economic reforms.
'This pandemic has given him a new platform to perform,' says a member of the government. 'He should feel lucky that he has got an opportunity now to demonstrate to the world his original talent.' 'He needs a visionary script to perform.' Sheela Bhatt reports on the politics of the pandemic.
A domestic policy group would focus on issues related to service taxes, Data Protection Act and Indian Copyright Act. The international group would address global policy issues like WTO, besides visa and work permit matters.
Levying buyback tax at a flat rate of 20 per cent (plus applicable surcharge and cess), irrespective of the period for which shares are held will be a dampener for equity shareholders who take inherent risks while investing, says Hitesh D Gajaria, partner and head of tax, KPMG in India.
The comments came after Indian Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying 'mindless populism' needs to be checked as India aims to boost growth.
'Reports of hitherto 'atmanirbhar' breadwinners having to stand in line for a plastic bag of khichdi or, travelling thousands of kms with nothing but packets of biscuits, have not moved the prime minister,' observes Jyoti Punwani.
Ten trade unions with a combined membership of 15 crore workers in public and private sector, including banks and insurance companies, are on a nationwide strike to protest against changes in the labour laws.
Similarities between NDA and UPA on some key policy issues are now becoming too stark to be ignored, says A K Bhattacharya.
'The forces of good are on the run.' 'But dark times also challenge people to fight.' 'I believe Indians will rise against these dark times.'
'Modi personally provides the higher direction of the ministry and the minister then works with bureaucrats on implementation,' points out Aakar Patel.
The positive effects of demonetisation will be visible from April and the completion of remonetisation process will drive consumption going forward, Economic Affairs Secretary Shaktikanta Das said on Tuesday.
Air France pilots went on a four-day strike over pay cuts on Saturday that could disrupt transport plans for football fans on the second day of Europe's soccer championship.
Investors more overweight on India compared to other emerging markets says Bank of America Merrill Lynch.
The incoming government will have to encourage private investments, bring down cost of capital
The anti-labour policies of the government will leave the employees in the lurch and take away all their safeguards, says V K Gupta, Delhi convenor of United Forum of Bank Unions.
In India, manufacturing has failed to take off.
Ten trade unions to go on strike to protest against changes in labour laws
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
'The revival of household savings and investment is the litmus test of whether we are on the road to recovery,' says Nitin Desai.
Calling himself 'Shramik No.1' (Worker No.1), he listed out initiatives taken by his government for the welfare of labourers.
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