Economic Reforms

Eco survey 2023: Bright prospects under dark clouds with silver linings

The Economic Survey outlines the underlying framework of reforms in India centred on ease of doing business and ease of living

Budget may not be right time to restructure capital gains tax: Revenue secy

There's no need for having so many buckets under the capital gains tax structure or so many different permutations and combinations, says Tarun Bajaj

UK Treasury chief delays detailing new economic plans until Nov 17

UK Treasury Chief Jeremy Hunt has delayed a statement on the country's economic affairs until November 17, only a day after the new prime minister took office. Hunt told the BBC says that a two and half week delay will ensure the right decisions are taken. The statement was originally set to be announced on October 31. The Treasury says in a tweet that new Prime Minister Rishi Sunak and Hunt have agreed that the statement will include a forecast from the independent Office of Budget Responsibility. It will contain the UK's medium term fiscal plan to put public spending on a sustainable footing, get debt falling & restore stability," the Treasury said on Twitter.

World Bank advises Pakistan to take internal steps for economic recovery

World Bank Vice President for South Asia, Martin Raiser advised Pakistan to take internal measures along with help from the international community to recover from the cataclysmic floods

UK PM Liz Truss faces test in Parliament over economic plan, seeks lifeline

British Prime Minister Liz Truss faces a House of Commons grilling Wednesday from a hostile opposition and her own furious Conservative Party as she tries to fend off calls to quit over her botched economic plan. Truss is set to attend the weekly Prime Minister's Questions session two days after newly appointed Treasury chief Jeremy Hunt ripped up the tax-cutting package unveiled by the prime minister's new government less than a month ago. The package of unfunded tax cuts announced Sept. 23 sparked turmoil on financial markets, hammered the value of the pound and increased the cost of U.K. government borrowing. The Bank of England was forced to intervene to prevent the crisis spreading to the wider economy and putting pensions at risk. Under intense political and economic pressure, Truss last week fired her ally Kwasi Kwarteng as Treasury chief, replacing him with Cabinet veteran Hunt. On Monday Hunt scrapped almost all of Truss' tax cuts, along with her flagship energy policy an

India has set global benchmarks; economic revival on sustained path: FM

Union Finance Minister Nirmala Sitharaman said that India is setting the global benchmarks on the digital front and that it will be able to face geopolitical and economic uncertainties

India to soon emerge as pillar of global economic revival: Piyush Goyal

Union Minister Piyush Goyal on Thursday said India will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. Addressing the Bengal Chamber of Commerce and Industry's annual general meeting virtually, he said if all stakeholders of the economy work together with a sense of 'Kartavya bhav' (spirit of duty), the national goal of USD 30-trillion economy will be achieved by 2047, the year when the country will celebrate 100th anniversary of its independence. "India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years. The prime minister's vision is to make India a developed nation by 2047 with an economy size of USD 30 trillion as we will celebrate our 100th independence in that year," Goyal, the commerce and industry minister, said. All sectors such as agriculture, manufacturing and construction are doing quite

India on track to attract $100 bn FDI this fiscal on back of reforms: Govt

India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday. In 2021-22, the country received the "highest ever" foreign inflows of USD 83.6 billion. "This FDI has come from 101 countries, and invested across 31 union territories and states and 57 sectors in the country. On the back of economic reforms and Ease of Doing Business in recent years, India is on track to attract USD 100 billion FDI in the current FY (financial year," the commerce and industry ministry said in a statement. It said that to attract foreign investments, the government has put in place a liberal and transparent policy wherein most sectors are open to FDI under the automatic route. The reform measures include liberalization of guidelines and regulations, in order to reduce unnecessary compliance burden, bring down cost and enhance the ease of doing business in India, it added. FDI

Focus on fundamental rights makes India stronger, not weaker

Yielding to rights-based politics makes democracy more stable. It furthers its legitimisation with the masses and situates its actions in the context of constitutionality.

Reforms, economy and stock market

It is interesting that investors in the stock market are often not overly concerned with reforms for credible returns

How will the government carry forward its reform plan in 2022?

The govt to take a U-turn on farm laws. It also didn't table any key economic bill in the Parliament. Let us look at how the govt is likely to take forward its reforms and economic agenda this year

TMS Ep77: Foxconn saga, Investments, reform plans, Election Laws Bill

What do labour law violations say about Make in India? Which are the sectors to invest in? How will the government carry forward its reforms? What is Election Laws (Amdt) Bill, 2021? All answers here

Top headlines: Govt says farm reforms will continue, fraud apps gain users

The Centre's push to phase out kerosene is a work in progress, a decade after the move towards rationalising the allocation of the fuel to states. Read more in today's top headlines

Need of the hour is to focus on supply-side reforms, says RBI

Says policy support for sustained, inclusive recovery may be needed for longer

Indian economy is bouncing back strongly: MoS for External Affairs

The MoS said the Narendra Modi government has undertaken far-reaching structural reforms, making use of the mantra of 'Reform, Perform and Transform'

Officials relieved at joint US-India economic partnership statement

The reason is that this is the first time that there is no ask from Capitol Hill on economic reforms

Pandemic hits India's prospects to become $5 trn economy by FY25: Economist

It is highly unlikely that India will become a $5 trillion economy by 2024-25 due to the slowdown caused by the COVID-19 pandemic, University of Massachusetts professor Vamsi Vakulabharanam has said

Clash of economy and ecology in global politics

These 30 years have also taught us that we cannot ensure sustainable growth unless it is affordable and inclusive

Modi 2.0: Has the state turned from doer to enabler?

'Some parts of these policies will fail, but hopefully they signify a change in the right direction', says the author

Taking states on board

It is time the Modi govt convened a meeting of the Inter-State Council