IMF projected India's economic growth at 4.25% in 2013-14.
'This has to be seen in the context not only of the legacy we inherited, but also of global economic weakness.'
'If after inheriting the very bad situation we have reached this level despite consecutive years of drought and no growth in the world economy, it is no accident.' 'It is a result of the sound macro economic policies followed by this government.' 'We have eschewed populism and stuck to a path of fiscal prudence.'
It is likely to take at least six months for the proposed new state of Telangana to see the light of the day as the move involves a number of steps, including adoption of state re-organisation bill by Parliament by a simple majority.
Kashmir was indeed in need of a messiah that summer; 70 per cent of its population aged below 31 were up in arms against the Indian State. Every nook and corner of the land brought forth stories of youngsters with crushed bodies and an unfaltering spirit.
A homoeopathic state of mind pervades our thinking in governance and infrastructure-building. Do it in small, harmless doses, but nothing bitter, sharp, or bloody, says Shekhar Gupta.
Many laws on the books are contradictory, and it is a truism that no Indian citizen or business can comply with every single law.
Survey likely to be tabled in July by the new government.
More important is to diversify the country's farm production base.
The proposal to levy a 'super-rich' tax, at the rate of 35 per cent, on those earning more than Rs 10 crore a year might not receive support of the Union Cabinet.
Union Budget 2015 cuold have included few smaller reforms.
'When Modi was CM, Gujarat won 128 seats.' 'Now he is PM. Modiji is revered by people in Gujarat.' 'So as PM he will get 150 seats,'
Mukesh Ambani's Reliance Industries (RIL) might be denied a higher gas price from its D1 and D3 fields until the arbitration process with the government is over and a third-party expert report on the fall in output at the KG-D6 block is out.
'The UPA was never soft on Pakistan, terrorists and even China, but Sonia Gandhi's Congress rightly earned a "soft" image on issues of hard national interest, leaving the field open for Modi to take it and wrap it around with his implicit Hindutva,' says Shekhar Gupta.
'If you put colour-coded internal security maps of India in May 2014 and now, the picture won't be flattering to Modi.' 'Failures on internal security are now piling up and can break Modi's momentum,' says Shekhar Gupta.
Accusing the ruling Bharatiya Janata Party of having "reaped benefits" of communal polarisation in the Lok Sabha elections, the Congress on Wednesday said the government should now focus on good governance and deliver on promises.
Modi govt says its economic score on all coutns is very good.
She accused the Narendra Modi government of engaging in a "dangerous duplicitous game.
Since 2004, Montek Singh Ahluwalia, one of the commission's longest serving deputy chairmen, has been trying to mould it to fit into the new economic order, without much to show for his efforts.
.jpg)
The CPI(M) on Thursday slammed the Planning Commission estimates on poverty levels in the country, saying these made "a mockery of life and death struggles" of the people, amidst continuous rise in prices and "massive" slashing of subsidies for the poor.
RIL may go to arbitration which may lead to further delay in production and extra cost associated with the arbitration.
Huge gold imports have put pressure on the country's CAD, which in turn is affecting the value of rupee.
The Aadhaar Bill passed during Budget session last month, overruling amendments moved in Rajya Sabha.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
The problems facing India and its economy are far too severe and deep to be fixed in 100 days, and an excessive focus on the first 100 days might have indicated that the government had failed to understand that.
Country's economic growth at 9% requires exports to rise by around 20%, says NSC chairman Pronab Sen
There was an urgency in Modi's words, a sense of accountability, a feeling of transparency, a realisation that this man was here to do a job for us
There are unprecedented political implications of identification based on 'biological attributes of an individual', such as employed by Aadhaar, warns Gopal Krishna.
.jpg)
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.
'A foot-in-mouth disorder seems to grip the government, and is growing chronic by the day,' says Sunil Sethi.
There were reports that some Commission officials were against the Rajan panel's suggestion to replace Gadgil- Mukherjee formula with Rajan Committee's Multi Dimensial Index for allocation funds to states.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
As many as 20 new faces are expected to be inducted into the Union Council of Ministers on Sunday in the first revamp exercise which is likely to bring in BJP leaders Manohar Parrikar, Mukhtar Abbas Naqvi, Rajiv Pratap Rudy and Bandaru Datttatreya while elevating a few.
Kerala Chief Minister Oommen Chandy tells rediff.com's Shobha Warrier why the UPA lost in the general elections, the decline of the Left and what he expects from the Centre.
The Budget shouldn't be stuck on fiscal numbers, the PMO apparently said.
Close on the heels of Boeing's defence of India to the US International Trade Commission's investigation into India's trade, investment and industrial policies, IBM has also sprung to New Delhi's defence in an otherwise sea of criticism of India's violations of intellectual property rights, local content requirements, among other issues of concern to US business and industry.
Most of the projects face hurdles such as delay in approvals and lack of coordination between state governments and the railways.
Move is aimed at bringing private operators to run airports.
Coal Ministry has slapped showcause notice on North of Arkhapal Srirampur coal block allocated to the project in Odisha.
Modi sarkar sets the ball rolling on appointment, next cabinet secretary is expected to be in office in September.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances