The minister pointed out that India is now world’s third-largest startup ecosystem, with 1.9 lakh startups, and patent filings have doubled from 2014
The biggest beneficiaries of the GST reduction will be the rooftop solar segment, giving a boost to PM Surya Ghar Muft Bijli Yojana
The move is likely to translate into a reduction of around Rs 12 paisa per unit in their cost of electricity supply as coal-based capacity accounts for nearly 70% of total generation at an all-India level, according to ICRA Ltd.
The GST Council has also reduced the tax for hydrogen fuel cell vehicles from the current 12% to 5%
The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
Internal discussions and pre-budget meetings are underway in the Finance Ministry.
The statistics ministry is dividing surveys into several parts to avoid fatigue, relying on the use of technology, says the secretary
The Prime Minister, since his first speech in 2014 has spoken over 93,000 words
The focus of the address was to set the tone for further reforms.
Developed India, youth, women most discussed issues in a nearly two- hour-long speech. The PM also pointed to the situation in Bangladesh, calling for protection of the Hindu community and minorities in the country
Speaking at a conference organised by the Ministry of Statistics and Programme Implementation, Nageswaran emphasised the role of states in initiating factor market reforms.
IMF flags upside risks to inflation, which have raised prospect for higher-for-longer rates
The Moneycontrol-Deloitte CEO survey asked 78 CEOs across industries on their assessment of the reform agenda of the newly elected government. On being asked which reforms should be the government’s top priority to boost growth, 37 percent CEOs felt that investment and trade reforms, higher exports and foreign investments should be on focus
In its previous two terms, the NDA government struggled with major reforms due to a lack of consensus, often deferring to state governments.
In this episode of Political Economy with Shweta Punj, Kotak AMC MD Nilesh Shah discusses the reforms implemented over the past decade, and evaluates their impact on investor returns. In the last decade, India has vigorously pursued an India-centric approach, focusing on enhancing its digital ecosystem - which, according to Shah, surpasses that of the developed world. Shah emphasizes that while retaining talent and implementing reforms such as IBC have been transformative, the next government must focus on both ease of living and ease of doing business. He also suggests a focus on enhancing contract enforcement and strengthening judicial infrastructure, and likens the plight of Indian entrepreneurs to that of Abhimanyu trapped in a chakravyuh.
Digital infrastructure is a modern day factor of production along with land, labour and capital. Public investment has created digital infrastructure at the bottom and has scaled it up, she added.
On February 22, India’s External Affairs Minister S Jaishankar pointed out the reforms needed in the UN at the Raisina Dialogue. Jaishankar said when we have four times the members it’s common sense that we can't continue the same way. He also highlighted the role of West in not finding the middle ground on major issues. Watch for more.
Given that it is a vote-on-account, will the budget attempt any major reforms or path-breaking initiatives? Or, will this be what I call the “keep in cruise mode” effort?
Growth in the last five years has been lop-sided, led by finance and real estate. The finance, real estate and professional services sector provides jobs for the classes rather than the masses and the rise in its share is a symptom of the K-shaped recovery, mitigated by some extent by the increase in share in the construction sector. The falling share of manufacturing is a disappointment
The next wave of reforms to remove structural bottlenecks must shift its attention towards creating an environment of swift inquiries and prosecution
The next five years are for unprecedented development. The biggest golden moment to realise the dream of 2047 is the coming five years, said Modi said, as he gave an account of his government's nine years in office
With less than a year for the general elections, the government’s focus is on ensuring that the Rs 10 lakh crore allocated for capital expenditure is spent.
The Karvy demat scam, which first came to light in the second half of 2019, was orchestrated by the brokerage house by pledging securities lying in the demat account of unsuspecting customers.
Under the leadership of Chairperson Madhabi Puri Buch, SEBI has instituted several incisive reforms that are altering the market landscape
After the initial gut reactions of denial, better sense now seems to be prevailing and the conclave bringing together all stakeholders, regulatory organisations and senior officials running them is a move in the right direction