Economic Reforms News
Uzbekistan referendum to allow president to extend rule for another decade
President Shavkat Mirziyoyev came to power in 2016 after the death of his autocratic predecessor Islam Karimov and has pushed through significant economic and social reforms
Pakistan rupee plummets to record low. What happens next in the crisis-hit nation?
Pakistan's currency tumbled to a record low of Rs 255.43 against the dollar, as the country battles a shortage of foreign exchange reserves and a food crisis. The authorities hope that the decline in the rupee will win approval from the International Monetary Fund for much-needed financial aid
Gadkari praises Manmohan Singh, says India indebted to former PM for economic reforms
Gadkari said the economic reforms started by Singh as the finance minister in 1991 gave a new direction to India as it ushered in a liberal economy.
Liz Truss apologises for going 'too far too fast' on economic reforms but vows to stay on
"I do want to accept responsibility and say sorry for the mistakes that have been made... we went too far and too fast," she said.
Five months of Sri Lankan crisis: From state of emergency to $2.9 billion bailout deal
The island nation of 22 million people has suffered months of blackouts as well as acute food, fuel and medicine shortages
How economic reforms of 1991 focussed on urban centres at the cost of rural India
In the changed scenario, there are many incentives and concessions to develop industrial clusters and corridors but nothing for an industrialist if she desires to set up a unit in far-flung areas
Narendra Modi’s new Cabinet has its task cut out: Ensure Indian economy grows at 8-9%
One of the biggest challenges for the NDA government will be to push deep economic reforms when many Opposition-ruled states are determined to oppose them.
Congress suddenly remembers PV Narasimha Rao, but fails to join the dots
The former PM's centenary celebrations should be an occasion to reflect on Congress' blind supplication to the Nehru-Gandhi dynasty rather than an empty exercise in symbolism
Ex-PM Narasimha Rao can truly be called father of economic reforms in India, says Manmohan Singh
Singh said the 1991 budget changed India in many ways as it ushered in economic reforms and liberalisation.
Partition gave China more strategic space in Asia, says S Jaishankar in his upcoming book
The Union external affairs minister also wrote that delayed economic reforms and prolonged exercise of the nuclear option made it difficult for India to gain influence in foreign policy
Govt to soon take decision on OCI card holders to allay fears of temporary suspension of visas: Minister
A large number of Indian citizens whose children are OCI (overseas citizen of India) card holders and several people of Indian origin having the card are unable to travel to India, even for emergency reasons, because of the temporarily suspension of their long-term visa.
Market ends on positive note; Sensex jumps 637 points, Nifty above 9,350; Re settles higher at Rs 75.46 against dollar
The Nifty bank index was up by 4 percent. Besides, sharp buying was also witnessed in the auto and metal stocks.
India will struggle to achieve 5% GDP growth in 2020: American economist Steve Hanke
India will "struggle" to achieve 5 percent GDP growth in 2020 as the significant deceleration in past few quarters was largely owing to credit squeeze which is a cyclical problem, said noted American economist Steve Hanke
Economic reforms showing impact, says government giving a recap of steps taken to boost growth
Finance Minister Nirmala Sitharaman said on Friday the government has taken concrete measures to implement a planned economic strategy for achieving the five trillion dollar GDP goal by 2024
More than half of world’s income went to top 10% of population; India has highest income inequality among major global economies
The income gap between the rich and poor is further widening showing that the rich in India are getting richer at a much faster pace while the poor are struggling to maintain their standard of living.
'Strong, decisive' leadership seen as desirable, but Sitharaman's reversals to boost economy display its limitations
A few things happened this week that may have surprised those who were under the impression that India was doing very well economically.
No 'out of ordinary steps' in Nirmala Sitharaman's presser, but willingness to offer solution is positive sign for investors
The biggest takeaway from Nirmala Sitharaman's presser is that the government seems to have finally woken up to the economic slowdown and is showing a willingness to offer solutions
Amid public discontent against inflation in Pakistan, Imran Khan orders roll back of roti, naan prices across country
The cash-strapped government of Prime Minister Imran Khan has decided to roll back the prices of naan and roti across Pakistan, media reports said on Wednesday.
Additional tax burden on super-rich is flawed; goes against Narendra Modi's claim of kamdars over naamdars
Sitharaman's Budget can potentially disincentivise those who invest in high-value skills such as a surgeon or an architect, for instance
Govt, Reserve Bank of India must work closely to boost sagging growth engine, ensure systemic stability: Shaktikanta Das
Das said there has been an improvement in the performance of the state-run lenders due to recapitalisation