India Insight

Govt’s priority should be to kickstart economy: Ex-Infosys CFO Balakrishnan

By Reuters Staff
February 26, 2015

Workers are pictured beneath clocks displaying time zones in various parts of the world at an outsourcing centre in BangaloreFinance 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.”

A look at India’s last five annual budgets

February 17, 2015

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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 needs 10-15 years to roll out universal health plan: KPMG

February 13, 2015

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.

Last chance for the Indian economy? Mihir Sharma explains

By Atul Dev
February 9, 2015

IMihir Sharman 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.

Film producer Pahlaj Nihalani is new censor board chief

January 19, 2015

Film producer Pahlaj Nihalani was on Monday appointed as head of the country’s censor panel, days after his predecessor Leela Samson quit after accusing the government of interference.

Interview: Rajdeep Sardesai on Modi, the Gandhis and politics in India

November 11, 2014

rajdeep2The best journalists get front-row seats to the most tumultuous years of a nation. Rajdeep Sardesai, one of India’s best-known journalists, was in such a position for this year’s general election in India, in which 815 million people voted. Their decisions brought the Bharatiya Janata Party and its leader Narendra Modi into power, ending 67 years of near-uninterrupted control of Indian politics by the Congress Party and the Nehru-Gandhi clan.

Book Talk – Ten years on, Chetan Bhagat says better prepared to face critics

October 10, 2014

Love him or hate him, you cannot ignore him. If you’re in India, the chances are that there’s at least one of his novels on your bookshelf or one of his columns in the newspaper in front of you on the table. If you still haven’t escaped from him, there are tons of interviews lately like this one showing up in front of you.

Budget 2014: Reactions from the common man

July 10, 2014

Security personnel stand guard near sacks containing the papers of the federal budget for the 2014/15 fiscal year, at the parliament in New Delhi July 10, 2014. REUTERS/Adnan AbidiPrime Minister Narendra Modi’s new government on Thursday unveiled a first budget of structural reforms that seek to revive growth, while spurning the temptation to resort to higher borrowing.

Bollywood seeks tax breaks from Budget 2014

July 9, 2014

By Shashank Chouhan and Sankalp Phartiyal

Bollywood is hoping that the newly elected government’s first budget will contain tax breaks that will let it write a happy ending, at least for this year and next.

Railway Budget 2014: Highlights at a glance

July 8, 2014

In his maiden budget, Railway Minister Sadananda Gowda said the bulk of future railway projects will be financed through public-private partnerships and his ministry would seek cabinet approval for allowing foreign direct investment in the state-owned network, excluding passenger services.