Reforms News

Amid ongoing protests by the thousands of farmers, the government sent a draft proposal to their leaders in order to persuade them to end their ongoing agitation against the farm laws. Farmers’ leader says that they will consider the government's proposal.

Amid ongoing protests by the thousands of farmers, the government sent a draft proposal to their leaders in order to persuade them to end their ongoing agitation against the farm laws.

The union finance minister is scheduled to arrive on nearly a week-long visit to the US on Monday to interact with the US corporate world in New York and Boston and attend the annual meeting of International Monetary Fund and World Bank in Washington DC.

According to the global financial services major, although reforms over the past year have caused disruptions that will likely mean lower growth rates in the near term, they should allow India to unleash more of its undoubted potential over the medium term.

"The new economy that is being created will be much more transparent, globally cost-competitive, and innovation driven. Importantly, the new economy will also be much more equitable thereby enabling all Indians to lead better lives."

"And all of this being done without any demonstrable economic or actuary or plain common sense rationale, it frustrates," Obama said.

Moody's Investors Service Wednesday affirmed India's sovereign rating at 'Baa3' with a positive outlook, saying it expects policymakers to continue reforms to achieve balanced growth and reduce the government's debt load.

Prioritising the need to open up economy further, Finance Minister Arun Jaitley on Tuesday said the Centre will step up on reforms to attract more investment and fill up infrastructure deficit, even as he asserted there is a "great amount of impatience" on the growth front.

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Expressing disappointment at India's rank remaining low in terms of ease of doing business, Union minister Nirmala Sitharaman said the efforts and reforms undertaken by the Centre and states have not been adequately captured in the ranking released by the World Bank.

India continues to rank low at 130th position in terms of ease of doing business, with the country seeing little or no improvement in dealing with construction permits, getting credit and other parameters.

Confident that the next 25 years will belong to India, Hero MotoCorp Chairman Pawan Munjal Thursday said land and labour reforms are "very important" to boost the country's manufacturing sector.

Moody's Investors Service on Tuesday said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

In his meeting with the members of the visiting US CEOs Forum, Jaitley said the trade between the two nations will get a boost due to business-to-business, business-to-government and government-to-government interaction.

India's focus at the G20 summit in China next month will be on global structural reforms to generate jobs, spur inclusive growth and discuss issues relating to the USD 100 billion climate financing committed by developed nations, the economic affairs secretary said Friday.  

Union Finance Minister Arun Jaitley called for reforms at municipal and panchayat levels to complement the efforts of the Centre and the states to improve ease of doing business. 

Railways have initiated bold steps for restructuring its Board, including redistribution of work among members and creation of a new post of Advisor from outside for resource mobilisation, as part of Prime Minister Narendra Modi's reform agenda earmarked for the national transporter.