Economic Policy

The problems India ignores: Fixes, not vision, key to 8% economic growth

There are dozens of issues that slow our growth far below potential. They don't need a grand vision, but they urgently need attention if India is to grow at over 8 per cent

Datanomics: Population burden limits India's economic growth gains

The gap between the GDP and individual prosperity is striking, especially when compared with other major economies

Indian firms should use Paraguay as launchpad for South America: MEA

India, Paraguay to explore expanding India-Mercosur PTA

Everybody doesn't need subsidised public services: Finance Secy Ajay Seth

Seth said the country needs to ramp up investments and productivity from all factors of production

The US Federal Reserve is driving blind as policy uncertainty dominates

On tariffs, prognosticators are struggling to understand the logic and legal basis behind Trump's so-called "reciprocal tariff" plan set for April 2

Removing high-cost debt has lowered borrowing cost: FM Sitharaman

Sitharaman's comments came in the backdrop of the government's target of bringing down the debt-to-GDP ratio to 50 per cent by 2030, from the current 57 per cent

'Casting the Buddha': How Buddhism's ties to power shaped its survival

The chronological approach-from the time of the historical Buddha to the present moment with a Bharatiya Janata Party-run government at the Centre-makes the book easy to follow

Manmohan's economic policies formed basis of India's growth: TN CM Stalin

The economic policies framed by former Prime Minister Manmohan Singh formed the basis of India's growth and Tamil was accorded classical language status during his reign, Tamil Nadu Chief Minister M K Stalin said on Tuesday. Paying rich tributes to Singh at a memorial meeting organised by the TNCC here, he said the late Prime Minister had served as Finance Minister during the economic crisis. "Manmohan Singh brought various schemes for the welfare of the people. The economic policies formulated by him became the foundation for India's growth, Stalin, who is also the DMK president, said on Singh who died due to age-related ailments on December 26, 2024. In 2004 the Prime Minister's position came seeking him following the victory in the elections. Everybody including former Chief Minister M Karunanidhi urged Congress leader Sonia Gandhi to accept the position. But she declined and was magnanimous enough to give it to Manmohan Singh, Stalin said. Singh remained in power for a decade a

Manmohan Singh: The technocrat who reshaped India's economic destiny

Manmohan Singh showed that technocrats can change nations' destinies as effectively as any populist

Manmohan Singh: India's quiet reformer taught a generation to dream

Manmohan Singh, who died at 92, was above everything else the embodiment of hope

Cabinet hikes copra MSP by upto Rs 420 to Rs 12,100 per quintal for 2025

The government on Friday announced an increase in the minimum support price (MSP) for copra by up to Rs 420 to Rs 12,100 per quintal for 2025 with a budget outlay of Rs 855 crore. A decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. The MSP for 'milling copra' has been increased by Rs 420 to Rs 11,582 per quintal, while for 'ball copra' by Rs 100 to Rs 12,100 per quintal for 2025, Information and Broadcasting Minister Ashwini Vaishnaw told reporters. The total financial implication would be Rs 855 crore. Cooperative agencies Nafed and NCCF will be the central nodal agencies for the procurement of copra, he added.

Sri Lanka announces to lift vehicles import ban for first time in 4 years

Sri Lanka has announced that they will lift the vehicles import ban which was put in place in 2020 to ease the pressure on foreign exchange reserves due to the COVID-19 pandemic. By the gazette issued on Wednesday the importation of public transport vehicles have been allowed for the first time since early 2020. The Ministry of Finance said the policy to ban vehicle imports was implemented with the intention of easing the pressure on foreign exchange reserves due to the COVID-19 pandemic and the economic downturn of 2022. President Anura Kumara Dissanayake addressing Parliament on Wednesday said the importing cars for private use will be allowed from February 2025. However, the decision is subject to rules so as to protect the island nation's effort to build foreign reserves. All importers must sell their imports within three months, if not a three per cent fee would be charged. These conditions have been imposed with the intention of safeguarding foreign exchange reserves of the

Govt mulls bond issue for middle-class, rates could beat retail inflation

The new scheme, likely to be backed by Nabfid, aims to offer retail investors an alternative savings route to equity markets

Double engine of private investment, consumption derailed under Modi: Cong

The Congress on Sunday claimed that India was facing a "demand crisis" due to sustained income stagnation and said the 'double engine' of private investment and mass consumption that powered the UPA's decade of sustained GDP growth has been "derailed" in the last ten years of the Modi government. Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs. 400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. He said that with each passing day, the tragedy of India's dying consumption story becomes more evident. Last week, several CEOs from India Inc raised the alarm over the 'shrinking' middle class and now, new data from NABARD's All India Rural Financial Inclusion Survey (NAFIS) 2021-22 adds to the evidence that India's demand crisis is a result of sustained income ...

SC overturns 1978 ruling, strikes down State's power to seize pvt property

The SC ruling, held by a majority of 8:1, adds that private property does not qualify as 'material resources of the community' as defined under Article 39(b) of the Indian Constitution

CM Naidu calls for 15% growth target, slams previous govt's policies

Naidu further stated that the government's primary responsibility is not only to provide welfare measures but also to increase the incomes of the people

In a first, PM Modi to address this year's Kautilya Economic Conclave

The Conclave will be inaugurated by Finance Minister Nirmala Sitharaman on October 4

Big, but not enough: China's stimulus package may not be effective

Raising wages, opening up the domestic consumer market to foreign goods, and enhancing the social welfare net are the usual recommendations of economists

Secrecy in IPEF talks raises concerns on protection of key interests: GTRI

The Indo-Pacific Economic Framework for Prosperity (IPEF) negotiations have mostly been conducted in secrecy with limited public input and it raises concerns whether the member countries, including India, were able to protect their key interests, think tank GTRI said on Sunday. The 14-member IPEF bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade. The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy. India has joined all the pillars except the trade. Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US, and Vietnam are members of the bloc. The countries have signed pacts on supply chains, clean economy, and fair economy so far. India signed the clean and fair economy pacts on ...

Rupee has been among the least volatile currencies since 2023: RBI governor

Our stated policy is to prevent excessive volatility of the rupee, said Reserve Bank of India governor Shaktikanta Das