Modi will also push for involvement of Indian companies in setting up of ports in that country.
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According to the latest data, until May, 48.3 per cent of the total 207 projects worth Rs 1,000 crore (Rs 10 billion) or above, also termed as mega projects, faced delays and witnessed a cost overrun of 19.2 per cent from the originally-sanctioned Rs 656,000 to Rs 781,000.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
Power Minister Piyush Goyal on the government's manufacturing push and other key issues.
Factory output measured in terms of the Index of Industrial Production had contracted 2 per cent in June last year, as per the data released by the Central Statistical Organisation.
Atal Bihari Vajpayee ji turns 90 on December 25. I wish him all the best. The nation has honoured him and Pt Madan Mohan Malaviyaji with the Bharat Ratna.
The minister tells Subhomoy Bhattacharjee that he wants to set up a financing corporation for the road and shipping sectors, which will throw up a business opportunity of Rs 25 lakh crore!
The government's final rules for reallocation of cancelled mines through an e-auction process give the existing owners an advantage over new bidders.
Power Minister Piyush Goyal is keen to revive the energy sector.
Power Minister Piyush Goyal is keen to revive the energy sector.
Besides reviving investor sentiments, Vasundhara Raje's regime has brought reforms in the social sector.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
Days after he attacked Bharatiya Janata Party's PM candidate Narendra Modi over the 2002 riots issue, Rahul Gandhi on Tuesday alleged that BJP's "divisive" policy was responsible for spoiling the country's secular fabric and incidents of hate crime.
Companies write off investments, shed assets as initial projections go haywire
Kohli is a pioneer and a visionary.
'She dwarfs every known politician of recent times with her imperious aura, iron will, tremendous drive, dauntless pursuit of goals she set before herself, ability to capture the people's imagination and unshakeable grip over her party and government,' says B S Raghavan, the distinguished civil servant.
Lagadapati Rajagopal, now being referred to as the 'pepper spray member of Parliament', is holding talks with Andhra Pradesh's caretaker Chief Minister Nallari Kiran Kumar Reddy about floating a new political party.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
The group plans Rs 30,000-cr oil refinery with IOC; buys Lanco's Udupi power plant for Rs 6,000 cr
Finance Minister Arun Jaitley hints at a world class tax regime.
Auto, tourism exceptions but major sectors otherwise saw decline in FY13 inflows.
The total earnings in Q1 rose 14.54 per cent, while working expenses grew at a measly 4.22 per cent.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
A reversal of policy at this juncture could jeopardise the recent gains on inflation
In the domestic market, the Tata Group has lost ground in the passenger car business.
The growth, however, may not indicate a major revival of economic activity.
'There are two pre-conditions for big reforms. One, a sense of crisis and second, fairly concentrated levers of power.' 'India is growing at 7.5 per cent or something close to that.' 'Our levers of power are decentralised, not just between the Centre and states. Power is dispersed and there is no sense of crisis.'
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
'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.'
At the summit, the US is able to play the role of a bully.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
The government should give the first right of refusal in the ensuing coal mine auction to the companies which lost the blocks in the mass cancellation by the Supreme Court on Wednesday, former Coal Secretary PC Parakh said.
Since the court had earlier questioned distribution of mining rights through the screening committee route, experts say the solution worked out would be weighed on the basis of legality.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
India needs to fix policy paralysis in order to reach teh top slot in solar power.
There has been a decent growth in FDI proposals and new announcements in India to attract foreign investment.
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