A handwritten letter from Ratan Tata to former PM PV Narasimha Rao has gone viral, praising Rao’s pivotal role in India’s economic liberalisation in 1996. Shared by Harsh Goenka, the letter highlighted Tata’s gratitude for Rao’s “courageous and far-sighted” reforms that integrated India.
In over 77 years of India's independence, the nation has taken giant leaps to become the fifth-largest economy in the world. As the country awaits what the budget brings, here are some of the most significant events that changed the course of our economy.
S&P Global Ratings has upgraded India's credit rating outlook from stable to positive, citing policy stability, deepening economic reforms, and high infrastructure investment as crucial drivers of sustained long-term growth. The sovereign rating remains at 'BBB-', the lowest investment grade.
Thousands of people took to the streets of Buenos Aires to protest against the government's austerity plans, after Milei signed a decree outlining reforms to privatise state-owned companies and ease government regulation. Earlier, Argentina's peso was devalued by over 50 per cent.
SC judge Justice L Nageswara Rao and former SC Judge justice Raveendran will be the life Trustees of Arbitration Centre and they will co-opt some more members in future, Justice Ramana said.
Finance Minister Nirmala Sitharaman will address a press conference at 4 PM today. Sitharaman is likely to provide the breakup of Rs 20 lakh crore economic package which was announced by Prime Minister Narendra Modi on Tuesday.
US commerce secretary Wilbar Ross mounted a strong defence of American trade policies and said: "We will continue to work diligently with the Indian government and our private-sector partners to eliminate barriers to US products."
The Union minister further said 2.24 lakh fake companies were caught after demonetisation was announced.
The government, Roy said, will come with yet another good budget, which is likely to be presented on February 1.
Standard & Poor's on Friday maintained its sovereign rating on India stable at ‘BBB-’ while keeping its outlook for India stable.
Reforms pushed by Prime Minister Narendra Modi in recent years form the primary basis of the rating upgrade by Moody's Investor Service.
More than eight out of ten people believe that economic conditions are ‘good’, an assessment which is 19 percentage points higher than what was immediately before the 2014 general elections.
PM Modi’s favourable rating is 31 percentage points higher as compared to Congress chief Sonia Gandhi, which is 30 points more than that of Rahul Gandhi.
India continues to rank low at 130th position in terms of Ease of Doing Business, managing to move up by only a single rank.
Advocating a role of facilitator for the government, Finance Minister Arun Jaitley has said that the government’s urge to control everything has to be restrained in a liberalised economy. “Government then have to become facilitators.
New Delhi: Former Prime Minister Manmohan Singh has said there is a crisis of confidence in the government and that Prime Minister Narendra Modi must give "every Indian" the confidence that he cares for people's
Washington: Bullish on India, IMF chief Christine Lagarde has said she is hopeful that the Indian government would be able to implement a series of "critically important" economic reforms including GST for unleashing the country's
New Delhi: Elucidating India's progress over the past year, Prime Minister Narendra Modi today said that the Foreign Direct Investment (FDI) to India has increased by 39 per cent in the last 18 months in
Washington: The International Monetary Fund has said it broadly supports the series of economic reforms undertaken by India, which is moving in the right direction."We have been broadly supportive of the reforms being undertaken by
New Delhi: Despite the severe drubbing that the BJP received in Bihar elections, Modi government today decided to change the narrative and announced big bang economic reforms in 15 key sectors including agriculture, civil aviation,
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