Finance Minister Arun Jaitley hints at a world class tax regime.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
Government claims big successes in agriculture, rural roads & investment scenario.
'It is the regional parties and their leaders who are the ones we have to watch.'
Albeit muted for most part of the year, Deal Street in India has clocked M&As worth $29 billion in 2014 and expects the size to get larger with transactions worth over $40 billion in the New Year.
The primary problem is that India's garment factories are too small and they typically have 150 people and about 80 machines.
While the two high-profile exits in pharmaceutical and telecom have raised concerns over regulatory hassles in the country, Japanese investors are still keen to tap into India's consumer growth story and many more merger and acquisition deals are in the offing in this space.
Budget should raise revenues & reduce spending to increase capital expenditure.
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The minister also promised more policy decisions in the coming days saying 'reforms is a work in progress'.
Congress President Sonia Gandhi on Wednesday released the party's manifesto and claimed that the party will perform well in the forthcoming Lok Sabha polls.
'The reason the protests are not happening in Mumbai, Bangalore, Chennai, Hyderabad, Gurgaon and Noida is that there are options available to the youth in those cities. And many people can access this sort of job because most of them are armed with English, integrating them into the global economy. This is something not available to most youth in Gujarat (the government schools do not teach English till Class 5),' says Aakar Patel.
The NITI Aayog's vice-chairman's charge holds ground.
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The Tata Group says it is bullish on investment in India.
The UK has had a complex relationship and checkered history with the EU.
Information technology, not manufacturing or infrastructure, should be the focus of the government while implementing initiatives such as Make in India and Start Up India.
Law Minister Ravishankar Prasad tells Rediff.com that the government have decided to repeal 36 obsolete laws immediately, but many more will be added to this list in the coming months. The minister also informs that this exercise was undertaken on the instructions of Prime Minister Narendra Modi who had flagged the issue soon after he took charge. Rediff.com contributor Anita Katyal reports.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
Sensex falls at close; metals, banks perform well.
The employment structure of India's organised manufacturing sector has undergone substantial changes over the last decade.
The 'Make in India' vision cannot survive in the long-term without concrete measures to build a concurrent 'Create in India' movement.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
'Workers and employers should be ready for a change demanded by the new dynamism of the economy'
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
Employers' refusal to recognise TUs has caused industrial tiffs.
Temporary workers not only lack job security, they get less pay and an inferior overall package.
Indian govt is trying hard to get global investors to invest in the country.
An average of 30-40 per cent automation is standard across all big automobile plants in the country
'Evacuating' Devyani's maid's family from India on T visas -- associated with severe sex or labour trafficking... The maximum number of persons thus evacuated by the US from foreign countries last year was from India... A thorough investigation of this is required at India's end,' says former foreign secretary Kanwal Sibal, 'with the US warned that such interference in India's judicial system will not be tolerated.'
From mistreatment, sexual harassment to low wages, domestic workers are in a poor state in India with hardly any legal protections, says Neeta Kolhatkar.
Inflation is down and there's every chance that crude prices will be subdued through the next year.
'Karna is the greatest warrior in the Mahabharata -- in fact, Arjuna is a nobody in front of Karna.' 'But Arjuna had a better advisor in Krishna than Karna.' 'Karna failed because he listened to the wrong advice given by Salya.' 'It just shows wrong advisors can land even the mighty in trouble.'
CPI-M says it is ready to forge a front with Congress in Parliament on issues like land bill and secularism but ruled out being part of a national front.
The trouble is largest FDI projects in India have had a tragic history.
A K Bhattacharya deciphers Prime Minister Narendra Modi's first cabinet reshuffle.
Expectations were probably too high from Narendra Modi.
Modi said these steps exemplified his government's approach of 'minimum government and maximum governance'.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Prime Minister Narendra Modi on Thursday launched the ambitious 'Make in India' campaign to make India a global manufacturing hub, create jobs and boost economic growth.
High growth is also much easier to log in a small business than in a Reliance.
Projects in other developed countries, such as Canada, and even in developing nations like Mozambique and Indonesia are also in limbo
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