The advent of new technologies, new products, new set of investors, new methods of valuations and different risk profiles perhaps require a fresh approach to the financial markets regulatory framework.
In 'Dil Chahta Hai', an urban generation, seasoned in MTV and cable TV, that was transitioning to another century, had found a Bollywood film that mirrored some of its feels and trappings.
Singh, who as finance minister presented the 1991 budget, said that in the 30 years since, nearly 300 million fellow Indians had been lifted out of poverty and hundreds of millions of new jobs were provided.
Since the election of Narendra Modi as prime minister in May 2014, Indian stock market investors have cheered Modi's relatively liberal economic policies, pushing the benchmark BSE Sensex up 30 percent since the election and 5.4 percent so far this year.
The aviation industry is growing fast, with many global challenges. The industry needs more liberalization and wants to see further consolidation. So what is going to propel the industry forward for the next century?
BSE MD and CEO Ashish Chauhan says in 1991, the first and the most important activity that was done was devaluation. It ended up kicking off the liberalization framework. But today policymakers have room to take tough decisions and without crisis democracies don't take tough decisions.
In meetings with visiting IMF officials, Chinese leaders emphasized their desire to nurture "more balanced, inclusive" growth, said David Lipton, a deputy IMF managing director.