Jamie Dimon, Chairman & CEO, JPMorgan feels India's growth, including this year, would be at around 7 percent, which is the fastest of almost all nations. Added to that, Prime Minister Narendra Modi wants to get more foreign direct investment, which is also very good
Santitarn Sathirathai, Head of India Economics Research at Credit Suisse says India needs to see structural reforms on GST, land acquisition, labour reforms and on bank recapitalization.
As far as land and labour is concerned, Sunil Munjal, joint MD, Hero Motocorp does not think anybody explained the lay public of India or even the affected parties what this regulation means for them.
While India ranked 142, among 182 nations ranked in the World Bank's Doing Business study, Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant, says it can rank in top 50 nations in the next three years.
India Inc stressed on the need for greater monetary easing atleast to the extent of 75 basis points and that the rupee must be allowed to depreciate to preserve domestic price competitiveness in global trade
The minister said unorganised workforce constitutes 93 per cent of the total workforce in the country and for them the government has already launched a host of schemes like Rashtriya Suraksha Bima Yojana and Atal Pension Yojana.
Puri, a dual Masters degree holder from Oxford and Cambridge University of the UK, said that India is a high- growth economy that has reasonable potential for 7 percent plus growth over the next 2-3 years.
The vote followed a stormy debate in which dozens of lawmakers on the left of the ruling Syriza party rebelled against Prime Minister Alexis Tsipras and opposed the package, which passed with the support of opposition parties.
With more than USD 100 billion of assets from some 80-million members, the Employees' Provident Fund Organisation (EPFO) is one of the world's largest. It will begin by investing in exchange traded funds, with the goal of earning higher returns.
Joseph Lupton, MD & Senior Global Economist, JP Morgan does not expect Greece to exit Europe since majority of Greeks too want to stay in Europe.
Unions representing workers at Tata Steel in Britain will go on a 24-hour strike on June 22. Last week, members of all four unions - Unite, Community, GMB and UCATT-voted in favour of a strike action. These unions represent 17,000 employees.
The leaders of Germany, France and Greece's international creditors agreed late on Monday to work with "real intensity" as they try to reach a deal that would prevent Athens from defaulting and potentially leaving the euro zone.
Prime Minister Narendra Modi will be arriving in China for a bilateral meet and trade and border issues are expected to hog the limelight.
Labour efficiency and technology development are two critical issues to deliberate upon in the next phase of 'Make in India', according to Boston Consulting Group (BCG) India MD Arindam Bhattacharya.
Union Labour Minister Bandaru Dattatreya said a memorandum was submitted to the government by the National Platform for Domestic Workers requesting for enactment of a comprehensive legislation for regulating the conditions of work and providing of social security benefits to domestic workers.
India's business as well as economic cycles turned on sentiment (positive) though some critics argue that the government has achieved little, but PhillipCapital finds the mechanics of the government functioning to be sound.
Earlier, the task of updating PF accounts for a financial year used to take months after the end of that fiscal. The Employees' Provident Fund Organisation (EPFO) is required to update PF accounts for a fiscal till September 30 after the end of that financial year.
Despite unanimity on the issue of labour dues forest rights of the tribals and forest dwellers and environment clearance and inherent rights of the state in the constitution, the Select Committee has failed to accept the suggested amendments to the Bill," a dissent note from Singh said.
On the labour side, finance minister Arun Jaitley has decided to let states take a call, says Panagariya.
Power, Coal and New & Renewable Energy Piyush Goyal had a marathon meeting with the labour unions at Coal India.
Referring to the Jan Dhan Yojana launched by his government, the Prime Minister appreciated the poor for contributing Rs 7000 crore in opening bank accounts under it.
The sharply rising price of labour since the beginning of the year is caused by an increasing demand for labour services, as the jobless rate declined by nearly a full percentage point and the number of unemployed fell by 1.2 million.
CNBC-TV18‘s Latha Venkatesh spoke about the quality of India's macro-economic data with TCA Anant, Chief Statistician and Pranob Sen, Chairman, National Statistical Commission.
It's an unpleasant reality for a government keen on pushing the 'Make in India' agenda. While Friday saw the closure of Nokia's Chennai handset plant, in Mumbai, labour protests broke out outside the HUL headquarters
A slew of good news emanating from the carmaker suggests it is not resting on its laurels.