India Inc has high hopes from the upcoming Budget.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
FIXES BY THE GOVERNMENT: Energy price fixed, tax issues linger.
The zones, says Panagariya, would have to be set up near deep-draft ports, capable of accommodating very large and heavily loaded ships
India has asked its nationals living in Saudi Arabia, who have received their Emergency Certificates, to get their final exit visa immediately from the Saudi authorities.
Gujarat Chief Minister Narendra Modi has started preparing the ground to rescue Indians who are expected to be deported from Saudi Arabia as it goes ahead with its new job law, Nitaqat. Sheela Bhatt reports
India's Current Account Deficit rose to a record 6.7 per cent in the quarter ended December of 2012-13.
The Indian Embassy in Riyadh has warned its citizens not to overstay their visa in Saudi Arabia and leave the country immidiately once they have obtained Emergency Certificates to avoid penal action over Nitaqat law
Rajan encouraged the Indian-American business community to get involved in the 'nitty gritty of the implementation process,' saying such involvement was not difficult especially since the Indian government has the political will to reform.
Assuring red carpet to investors, Commerce and Industry Minister Nirmala Sitharaman on Thursday said the government is fully committed to creating business-friendly environment to boost the manufacturing sector which will push India to a higher growth trajectory.
Despite the recent Western criticism on Bangladesh's labour standards, India has a long way to go before it overtakes the neighbour in global exports.
The 2014 survey, which polled 502 global executives from companies with international presence, showed the majority of respondents were considering increasing their presence in India.
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
This remark is in consonance with RBI Governor Raghuram Rajan's comment.
'As I look back on 2016, I see yet another year in which our country -- not just the government -- has failed to move ahead,' says Geetanjali Krishna.
At least a dozen officers from Gujarat are handling key assignments in various important central positions
If Modi wants to be a man of history, he must make hard choices that will pay off down the road, says T N Ninan.
Fourteen ministers are from the Congress, nine from its ruling coalition partner Janata Dal-Secular and one each from the Bahujan Samaj Party and the Karnataka Pragnyavantha Janatha Party.
Economists have asked Finance Minister Arun Jaitley to lower interest rate, rationalise subsidies, remove all cess and surcharge, do away with the retrospective tax amendments and scrap dividend distribution tax to revive investment cycle and promote growth.
'The government's full five-year term is unlikely to deliver more than 7+ per cent growth.' 'That's creditable, but no different from the 7.2 per cent achieved in the previous five years (2009 to 2014).' 'Those who expected the change of government to deliver a change of tempo would be disappointed,' says T N Ninan.
'If some measures are implemented quickly, they can help revive growth.'
Talking about sunrise sector, the Finance Minister said, India is beginning to create impact in pharma sector.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
Air India is a brand, a brand symbolising the nation, especially amongst the Indian diaspora and travellers overseas.
'Other communities are also equally frustrated, but they have not been able to put up a front so far. Now a wind of change is blowing,' says Gujarat Congress leader Arjun Modhwadia.
Pvt sector holds back, waits for key reforms
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
Hailing Prime Minister Narendra Modi's Make in India campaign and the emphasis on ease of doing business, India Inc today said the initiative mirrors the country's ambition to sprint ahead in the global manufacturing race, thereby creating jobs and boosting economic growth.
Workers' attitude is changing and they want to work more and demand more wages. They want more productivity.
Make in India cannot be successful on the toil, miseries and abuses of young children in the manufacturing sector, the Nobel laureate wrote in a letter to PM
The current session of Parliament may be extended to enable the passage of bills, Parliamentary Affairs Minister Venkaiah Naidu told Bharatiya Janata Party MPs in New Delhi on Tuesday.
India will see a gradual growth acceleration with its GDP expected to reach 5.9 per cent this year.
Top companies added employees at 3% CAGR from 2003-04 to 2013-14, while revenues grew at 18%.
As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.
'If the RBI reduces the rate of interest, housing demand can pick up, investment can pick up, automobile demand can pick up...'
'The anonymous electoral bonds means that political affiliations will be even harder to ascertain for the voter or the minority shareholder.' 'The government of the day will, of course, know, exactly which corporate is making donations to which party.' 'Hence, the government will be in a wonderful position to exert "moral pressure" on corporates which make donations to Opposition parties.'
ADB projected China's growth to decelerate from 7.4 per cent
In its latest interim Economic Assessment report released today, OECD said a moderate expansion is under way in most major advanced and emerging economies.
As football fans arrive to watch Euro 2016, France's trade unions have undertaken a series of strikes to provoke a make-or-break situation. Claude Arpi encounters both Gallic beauty and ugliness in the country of his birth.
'Unless we change and we see a change in the direction we are taking, times can only get worse.'
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