Lesson for journalists: don’t publish your memoirs unless you plan to break some news. Indian television journalist Barkha Dutt shows how to do it in her book, “This Unquiet Land – Stories from India’s Fault Lines.”
By Rajesh Kumar Singh and Nidhi Verma
Nitin Gadkari is the man Prime Minister Narendra Modi has assigned to launch a China-style infrastructure boom. Modi drafted in the 58-year-old former president of his Hindu nationalist Bharatiya Janata Party as transport, highways and shipping minister after winning last year’s general election, betting on his reputation for getting the job done.
Prime Minister Narendra Modi’s plan to build 100 “smart cities” by 2022 to decongest existing urban centres probably will take longer to achieve. Reuters visited the foundations of one of these cities in Gujarat, a finance centre called Gujarat International Finance Tec-City (GIFT).
India’s BSE Sensex has gained nearly 4 percent so far in 2015 after the benchmark surged to record highs following the electoral triumph of Prime Minister Narendra Modi last summer. Vinod Nair, head of research at Geojit BNP Paribas, says markets are now consolidating and likely to take cues from corporate earnings and global factors such as a rate hike by the U.S. Federal Reserve.
Finance Minister Arun Jaitley has the tough task of balancing the need to boost spending and maintaining fiscal discipline when he presents the annual budget on Feb. 28. Former Infosys CFO V. Balakrishnan says the government’s main priority should be to revive the economy by loosening up its purse strings and the country could live with a “slightly higher fiscal deficit.”
The countdown has begun for the biggest business and economic event of the year – the release of India’s annual budget on February 28. Finance Minister Arun Jaitley is under pressure to unveil reforms that will put the country’s economy on a path of 7-8 percent growth over the next two years.
India will struggle to become a global superpower without an efficient healthcare system, and would need 10 to 15 years to cover everyone under its ambitious universal health coverage programme, KPMG’s global health chief said.
In the history of India’s economic reforms, rhetoric has often proved to be a stronger force than substance. Scrutinizing The Indian Growth Story, a facile phrase casually tossed about by newsmakers and newswriters, reveals that. Historians, however, have documented the liberalization of the economy in 1991 — the pole around which the Story spins — furtively. A good chunk of Mihir S Sharma’s gripping first book, Restart, delves into the events of that hot summer of 1991: the colicking infancy of a reformist India and how a missed opportunity and internalised mistakes have plagued the economic agenda ever since.