Govt keen to revive business sentiment in india.
Upset over removal of 'UP Rising' posters at Pravasi Bhartiya Divas in Gujarat, Uttar Pradesh government has planned to organise a Diaspora conclave of its own for the first time next month to woo investors and associate NRIs in development of the state.
'If Urjit Patel had resigned after the five-state elections results people would have taken a different view. So this was the right time for him to resign.' 'He rightly resigned as he felt the differences with the government were not getting settled.'
'The conception of Make-in-India, Skill India, Smart Cities, Digital India, Beti Bachao, Beti Padao and so on show a visionary breadth of mind, and Modi is almost the first political leader in India to put them into effect with single-minded zeal,' notes B S Raghavan, the former civil servant.
About 15 lakh small and medium businesses from India are using Facebook to reach out to customers.
Sitharaman said that developed countries were blaming India for the impasse at the WTO, but India convinced them about its legitimate demand.
India's indigenous basic trainer aircraft, Hindustan Turbo Trainer-40 (HTT-40), undertook its inaugural flight at the at the Hindustan Aeronautics Limited Airport in Bengaluru on Friday.
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
'The manufacturing sector and the capital goods industry need all the support that the government can provide, because they are working in a global market where trade restrictions are coming down every day,' says Amar Kaul.
Govt has done away with the need to secure crucial permits.
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
In a major policy reversal, the AAP government wrote to the Centre to withdraw the approval given by the previous Sheila Dikshit government for FDI in multi-brand retailing in Delhi, saying the entry of global chains such as Walmart and Tesco in India would result in large-scale job losses.
Tamil Nadu says it's intriguing only BJP-ruled states top the list, while industrialised states are given a go-by.
According to the government data, micro, small and medium enterprises employ about 59.7 million people spread over 26.1 million enterprises.
Economic Affairs secretary S C Garg said inflation has consistently come down since 2014 and will not cross 4 per cent this fiscal.
He also lashed out at the Congress for its opposition to the GST and for dubbing it as 'Gabbar Singh Tax'.
HAL made its point against a sceptical Indian Air Force, which opposed the HTT-40 project, blocked funding, and imported an expensive Swiss trainer rather than backing the HTT-40.
The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
Sebi had given the exchanges a 2-year window to comply or exit.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
'No right thinking student of politics can name one state where the BJP gains in double digits.'
Three way split of AIADMK has slowed decision-making, prompting industry to look outside the state, says T E Narasimhan.
The DMK combine has won 37 of the 38 LS constituencies in Tamil Nadu, and bagged 13 of the 22 assembly bypolls. What swept away the AIADMK-BJP alliance in the southern state was not dravidian ideology but job loss and graft bias, says N Sathiya Moorthy.
'I have tried to make it easier for the small scale entrepreneur to do business and cut through the red tape.'
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Affordable CFO services for firms that lack resources.
Political stability and a couple of big projects are pluses, but focus on medium and small industries is still missing.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
India is today one of the top locations for semiconductor design and embedded software, but it remains hidden under a generic and misleading name, IT/ITES services.
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Retail giant Tesco's entry into Indian market has hit a regulatory roadblock.
Pushpal Shinde now earns some Rs 50,000 a month.
"The RSS is trying to change the nature of India. Other parties haven't tried to capture India's institutions," he said.
Investors remain cautious ahead of F&O expiry.
'The cost of the Rafale contract will be substantially lower than being talked about.' 'If you throw away the price they demand, our coffers will soon become empty.' 'When it comes to spending the nation's money I am very careful and stingy.'
On the eve of the Modi government's two years in office, the RSS-linked Bharatiya Mazdoor Sabha leadership met Finance Minister Arun Jaitley. After the meeting, the BMS claimed the FM told its delegation 'the government has realised that labour reforms are not essential for industrial growth in the country.'
However, the budget arithmetic is slightly optimistic.
'High denomination cash notes which was 1.4 lakh crores of Rs 500 and Rs 1,000 notes in 2004 became Rs 15.5 lakh crores in 2016.' 'If it had been allowed, by 2022, it would have been Rs 34 lakh crores, and that would have been the end of the Indian economy.' 'Demonetisation was a huge hit on the head of the economy, but without the hit, you could not U-turn the economy.'
'This government has not created any employment.' 'Forget employment, the government had not done anything in skill development.'
'You will see more and more people working independently -- starting beauty parlours, driving cars, etc.' This is what we call the gig economy.' 'The same people who have been laid off in India or are unable to get visas to work in the US may be part of this gig economy.' 'India needs billions of jobs, and it can only be created by self-employment or the gig economy.'
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