According to sources, the government appears to be drawing up a roadmap that addresses structural bottlenecks and enhances India’s growth potential
When rate cuts fail to bring down the entire yield curve the policy decision needs to front-load ammunition to achieve the desired goals. Monetary policy has to shift to principles of inclusion and not selectivity.
‘Whatever it takes’ is off the table
Resolution to India’s growth slowdown does not lie in misplaced populism, nationalization and unfettered PSU growth. We need policy responses that recognize the interlinkages in the economy and facilitate entrepreneurship.
Moneycontrol's Jerome Anthony does a 3-point analysis on the Yes Bank's walk down the reform path.
The industry is still sensing a hint of uncertainty on the economic growth front even though the industrial output rose 2.7 per cent in January and urged the government to pursue reforms to stimulate investments.
Presented a day before the Union Budget, the Economic Survey serves as the official report of the economy.
The US has assured India it will look into concerns related to visa fee hike while maintaining that the decision was not targeted against Indian professionals.
By abandoning confrontation and seeking consensus, Indian Prime Minister Narendra Modi has pulled off his biggest reform yet, securing the unanimous support of both houses of parliament for a planned Goods and Services Tax (GST).
The cabinet on Wednesday approved fiscal incentives for the textiles sector aimed at boosting exports and creating more jobs, a senior government official said.
Rajan's exit marks a new chapter in the way the RBI is run and how we institutionalise Rajan. So, we must not look for a hero but move away from individuals and look up to institutions, says Saurabh Mukherjea, CEO-Institutional Equities of Ambit Capital. Ashok Wadhwa, the group CEO of Ambit Holdings, also weighed in.
In an exclusive conversation at the CNBC-TV18-Mint Infra Ministerial Summit, Telecom Secretary JS Deepak promised to make it easier to lay fibre optic cables in the next two months. He also said a new unified license for virtual network operators is on the anvil.
In order to gain a better understanding of what the government's infra plan is, CNBC-TV18 and Mint got together five bureaucrats who form the team that aims to upgrade the country's infra.
Favouring greater competition among banks, RBI Governor Raghuram Rajan today said government should decentralise decision making in public sector banks (PSBs) after professionalising their boards.
Today, gas prices at the pump rose by up to 60 percent in Bahrain, climbing to USD 1.25 per gallon (125 fils per liter) for regular gasoline and USD 1.60 per gallon (165 fils per liter) for premium fuel.
Going ahead, Tushar Pradhan, CIO, HSBC Global Asset Management (India) feels NBFCs are well positioned to benefit from economic growth and sees enough value across the sector. He also says the 7th pay commission will be positive for the auto sector
Saurabh Mukherje, CEO of institutional equities at Ambit Capital, rues about the fact that corporate earnings have been alluding the market for almost six quarters now, while Arvind Sanger of Geosphere Capital Management says there are worries that the BJP government may turn populist to gain voter confidence
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.
With the Nifty slumping close to 150 points in wake of global tremors, the market could be in for further correction in the near term but from the medium term, the market's prospects remain healthy, says Rahul Chadha, Co-CIO, Mirae Asset Global Investments.
The very short-term call is difficult to make, but the bias is on the long side, believes Mehraboon Irani.
In an interview with CNBC-TV18's Prerna Baruah, UTI AMC MD Leo Puri talked about the recent stock market volatility, his view on the reforms progress and when one could see the company get listed.
Finance Minister Arun Jaitley says India has the potential to achieve higher than 7-7.5% growth rate.
Prime Minister Narendra Modi's reformist, but hard-up government has begun a splurge on road and rail building that analysts say could remove doubts over whether economic growth in India really is overtaking China.
The government has to get the approval of 29 states for the tax reform to pass through. The opposition parties are raising serious concerns on a number of clauses including levying of an additional 1 percent tax on interstate supply of goods which could have cascading effect.
Baring India's Rahul Bhasin has finally turned bullish on the Indian economy. But he still won't invest in the regulated sectors.