Page 4 - Reforms

Best of BS Opinion: No time to pause, let the best people do their job

Here's a selection of Business Standard opinion pieces for the day

Lack of reforms created huge NPAs in infra, power sectors, says Jaitley

Finance Minister Arun Jaitley today blamed the successive governments' inability to bring in reforms in the infrastructure and power sectors for the rising non-performing assets in the core segments. He said there are a number of sectors which have been impacted by the global slowdown, but some of these were hit more because of the absence of reforms. "There are at least two sectors - infrastructure and power- where we can't blame external factors. Our own inability to bring in reforms adequately in these sectors, I think, caused the difficulty (in banks books)," Jaitley told the BRICS Economic Forum here. Elaborating further, the Union Minister said that in the infrastructure sector the key problem is the inability to adequately and quickly settle the disputes. "We allowed them to pester for an indefinitely long period and now we have taken a number of steps, including amending laws, setting up faster courts, among others. I do hope we are able to get out of it," the minister

'Kerosene price hike a positive signal on reforms'

Kerosene is predominantly used by rural poor households and hence any change in price is a politically sensitive decision

25 years of reforms

Business Standard looks at the distance the country has travelled through the lens of key indicators

Reforms to cushion volatility

However, it is likely to outperform other emerging markets over medium-to long-term

'Dysfunctional politics' blocking reforms like GST, says Princeton economist

Avinash Dixit, an Indian-American economist, also said that India's infrastructure sector and governance need more improvement

Survey: Govt needs to speed up reforms for growth

Government needs to speed up implementation of GST, address the issue of cheap imports and improve investment climate as majority of sectors are witnessing 'moderate' growth, says a CII survey.The survey, which tracks the growth of economic sectors on a quarterly basis, also stressed on the quick implementation of the announcements in the budget especially in the infrastructure space, boosting export competitiveness and addressing the issue of delayed payments.Overall, the current trends reveal that majority of the sectors are continuing to witness 'moderate' growth trends with 'excellent' and 'high' growth limited to some sectors, it said.However, a decline in the share of sectors registering 'low' growth is clearly an indication towards the bottoming out of growth trends in the majority of sectors."Going forward, on the back of the various measures and structural reforms taken by the government, it is expected that the current momentum would be supportive of the revival becoming broa

Modi govt slow in implementing key reforms: US trade official

He pointed out that US businesses have to be patient since reforms cannot be implemented overnight