Chief Economic Advisor Raghuram Rajan says after the controversial FDI decisions, the government must now focus on banking reforms. ...
08:10 AM, Sep 26, 2012
New Delhi: At the Congress Working Committee (CWC) meeting on Tuesday, party president Sonia Gandhi adopted an aggressive stance and sent a strong message while backing Prime Minister Manmohan Singh's recent economic policy decisions that allowed 51 per cent foreign direct investment in multi-brand retail, apart from putting a cap on subsidised LPG cylinders and hiking diesel price to narrow down India's gaping fiscal deficit. A combative Sonia said that...
02:23 PM, Sep 25, 2012
The Congress at its Congress Working Committee meet on Tuesday gave a firm backing to the Manmohan Singh government's recent economic policy decisions. ...
01:18 PM, Sep 25, 2012
New Delhi: This should not raise any eyebrows as it was expected. Five of the six national parties have refused to divulge details of those who fund them. In fact, they claim that they are beyond the purview of the Right to Information Act (RTI). In response to an RTI query, all national parties, with the sole exception of the Communist Party of India (CPI), refused to divulge details of...
08:13 AM, Sep 25, 2012
Multi brand retailers means global chains may directly stock and sell produce from Indian farmers to scale up operations. ...
11:57 PM, Sep 24, 2012
The Cabinet approved Rs 2300 crore for One Rank One Pension for ex-servicemen. The BJP accuses the Congress of resorting to delaying tactics. ...
11:53 PM, Sep 24, 2012
The Congress and the BJP debate if good economics can be put over bad politics by the political parties. ...
11:30 PM, Sep 24, 2012
New Delhi: In a slew of decisions taken by the government to push reforms, the Cabinet on Monday cleared a Rs 2 lakh crore package for the financially bleeding state electricity boards, a bonanza of One Rank One Pension for ex-servicemen and also hiked Dearness Allowance by 7 per cent for Central government employees. In a move to turnaround the near-bankrupt power distribution companies, the Centre finally kickstarted the much...
10:45 PM, Sep 24, 2012
Union HRD and Telecommunications Minister Kapil on Monday said that the BJP should listen to its leader Arun Shourie, who has come out in support of the recent economic reforms undertaken by the UPA. "I hope Arun Shourie is being listened to by the BJP. He has given good advice to the BJP," said Sibal. ...
03:45 PM, Sep 24, 2012
New Delhi: Congress President Sonia Gandhi on Monday held parleys with some union ministers and senior party leaders amid indications of a Cabinet reshuffle. Those who met Sonia at her official residence at 10 Janpath included Road and Transport Minister CP Joshi, who has been given additional charge of Railways after resignation of Trinamool Congress ministers including Mukul Roy from the government. Sonia also had a meeting with Maharashtra Chief...
02:43 PM, Sep 24, 2012
New Delhi: With Trinamool Congress chief Mamata Banerjee out of the Congress-led United Progressive Alliance (UPA), the government is now getting ready to roll out more reforms, starting with the power sector. A bailout plan for power discoms will be discussed during the Cabinet Committee on Economic Reforms meeting on Monday. The government is likely to propose a three-year transitional finance mechanism, a move which will provide liquidity support by...
01:28 PM, Sep 24, 2012
Patna: Bihar Chief Minister Nitish Kumar speaking exclusively to CNN-IBN, slammed Prime Minister Manmohan Singh for pushing through anti-people measures and claimed that the Prime Minister is more worried about salvaging his image. Here is an excerpt of the interview: CNN-IBN: Has the JD(U) or you as a leader, have you changed your stand after the PM made his speech? Nitish Kumar: He (Manmohan Singh) has not impressed us. We...
11:07 PM, Sep 22, 2012
BJP leader Yashwant Sinha on Saturday claimed that the PM's address to the nation over economic reforms was an abuse to the nation. ...
01:48 PM, Sep 22, 2012
New Delhi: Prime Minister Manmohan Singh on Saturday spoke at the Conference on Economic Growth in Asia and Changes of Corporate Environment at the Vigyan Bhawan in New Delhi. Here is the full text of his address: "It is indeed a privilege to address this distinguished gathering of legal experts and scholars from fourteen countries of Asia that all share common aspirations for improving the lives of their citizens. I...
01:08 PM, Sep 22, 2012
New Delhi: Pointing out that the biggest challenge the country faces is to get inclusive growth, Chief Justice of India SH Kapadia on Saturday said the government's focus should be to promote policies which generate employment. The CJI said that 10 million jobs need to be created in the country annually. "If growth goes down, unemployment will increase and at that point investment is important," he said in his address...
12:10 PM, Sep 22, 2012
While economists and financial experts have hailed the PM's recent economic policy decisions, the Opposition has slammed them as anti-people. ...
09:59 AM, Sep 22, 2012
New Delhi: Civil Aviation Minister Ajit Singh on Friday said the government's open-sky policy for foreign investment in domestic airlines has positively affected sentiments in the aviation industry, but it is too early to say how much investment the sector would attract. "The sector is going through difficult times and is facing financial stress due to the overall economic slowdown. But the mood is upbeat now after we (government) allowed...
02:10 AM, Sep 22, 2012
Kolkata: In a veiled criticism of Prime Minister Manmohan Singh's justification of reforms on Friday night, West Bengal Chief Minister Mamata Banerjee wondered if the power of the chair is being misused to "finish aam aadmi". "I want to ask - what is the definition of aam aadmi? What is the definition of democracy? Is it not becoming clear that use of the name of aam aadmi, and misuse of...
11:52 PM, Sep 21, 2012
New Delhi: Heading a minority government after the Trinamool Congress withdrew support to the United Progressive Alliance and faced with an economy that is showing no signs of taking off, Prime Minister Manmohan Singh in an emotive address on Friday asked the nation to support his tough but unavoidable reforms measure taken over the last few days. The Prime Minister reminded the country of the 1991 economic crisis while pointing...
11:09 PM, Sep 21, 2012
The Prime Minister on Friday evening addressed the nation to explain the recent reform measures taken by the government. ...
10:50 PM, Sep 21, 2012
