Reforms

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Reforms - Total results - 391
Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL
Business

COVID-19 Impact: India facing worst recession since Independence; economy to shrink by 5% in current fiscal, says CRISIL

In the past 69 years, India has seen a recession only thrice - as per available data - in fiscals 1958, 1966 and 1980. The reason was the same each time - a monsoon shock that hit agriculture, then a sizeable part of the economy.

No restrictions on utilisation of additional borrowing by states, says official; to get extra resources of Rs 4.28 lakh cr
Business

No restrictions on utilisation of additional borrowing by states, says official; to get extra resources of Rs 4.28 lakh cr

Finance Minister Nirmala Sitharaman had said that an increase in borrowing limits will be subject to states taking citizen centric reforms, which are aimed at improving quality of service delivery to the public.

RBI Governor Shaktikanta Das says govt must continue reforms; green shoots of recovery need to sustain
Business

RBI Governor Shaktikanta Das says govt must continue reforms; green shoots of recovery need to sustain

Reserve Bank Governor Shaktikanta Das on Monday said that on the back of countercyclical measures undertaken by the government, structural reforms need to be continued to revive demand and support the economy

Foreign investors turn net buyers; put in $6.3-bn in Indian stock markets in December quarter
Business

Foreign investors turn net buyers; put in $6.3-bn in Indian stock markets in December quarter

Foreign investors turned net buyers in the Indian markets in the December quarter, pumping in a staggering $6.3 billion on the back of the government's intent to bring reforms for supporting the economic growth

Economic Survey 2020 tries to settle debate over veracity of macroeconomic data; says concerns on GDP growth estimates unfounded
Business

Economic Survey 2020 tries to settle debate over veracity of macroeconomic data; says concerns on GDP growth estimates unfounded

India's GDP growth is neither overestimated nor underestimated and the concerns on data are "unfounded", the Economic Survey 2019-20 said on Friday as it tried to settle the debate over veracity of the macroeconomic data following change in estimation methodology

Economic Survey 2020: India needs to spend $1.4 trillion on infrastructure during FY2020-2025 to reach $5 trillion economy
Business

Economic Survey 2020: India needs to spend $1.4 trillion on infrastructure during FY2020-2025 to reach $5 trillion economy

To spur economic growth and achieve $5 trillion economy, India needs to spend about $1.4 trillion on the infrastructure sector during FY2020-2025, the Economic Survey tabled in Parliament said on Friday

Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created
Business

Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created

India's economic growth is expected to "strongly rebound" to 6-6.5 percent in 2020-21 from 5 percent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms

Ahead of budget, RBI Governor Shaktikanta Das underlines need for more structural reforms to revive growth
Business

Ahead of budget, RBI Governor Shaktikanta Das underlines need for more structural reforms to revive growth

With just a week left for the budget, Reserve Bank Governor Shaktikanta Das on Friday called for structural reforms and more fiscal measures to revive consumption demand and the overall growth, saying the monetary policy has its own limitations to achieve these objectives

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath
Business

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath

With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand

Govt open to further reforms for making India a more attractive investment destination: Nirmala Sitharaman
Business

Govt open to further reforms for making India a more attractive investment destination: Nirmala Sitharaman

Seeking investment from global players, Finance Minister Nirmala Sitharaman on Tuesday said the government is open to further reforms for making India a more attractive investment destination

Labour reforms: Govt to merge 13 central laws into single code; passage of Bill likely in Budget session
Business

Labour reforms: Govt to merge 13 central laws into single code; passage of Bill likely in Budget session

The government will push the Occupational Safety, Health and Working Conditions (OSH) Code in the Budget session of Parliament for approval, said Labour Minister Santosh Gangwar on Wednesday

Mukesh Ambani says slowdown in India temporary, reforms undertaken to reverse trend
Business

Mukesh Ambani says slowdown in India temporary, reforms undertaken to reverse trend

Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters

India needs fresh reforms to be in top 50 nations with ease of doing business: World Bank official
Business

India needs fresh reforms to be in top 50 nations with ease of doing business: World Bank official

India needs a fresh set of "bold reforms" in the next three to four years if it wants to be among the top 50 countries with ease of doing business, a top World Bank official said on Thursday

India at 63 in World Bank's Ease of Doing Business: Nirmala Sitharaman promises further GST simplification to improve ranking
Business

India at 63 in World Bank's Ease of Doing Business: Nirmala Sitharaman promises further GST simplification to improve ranking

Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index

India ranks 63 in World Bank's Ease of Doing Business: Improvement is outcome of Narendra Modi govt's reforms, says Corporate India
Business

India ranks 63 in World Bank's Ease of Doing Business: Improvement is outcome of Narendra Modi govt's reforms, says Corporate India

India Inc on Thursday cheered as the country jumped 14 places to the 63rd position on the World Bank's ease of doing business ranking, and said the performance was an indicator of the Narendra Modi-led government's reformist credentials

India ranks 63 in World Bank's Ease of Doing Business: Govt reforms help to inch up rankings, says Commerce Ministry
Business

India ranks 63 in World Bank's Ease of Doing Business: Govt reforms help to inch up rankings, says Commerce Ministry

India has recorded continuous improvement in its ease of doing business ranking issued by the World Bank on account of steps taken by the government in this regard, the commerce and industry ministry said on Thursday

India moves up 14 notches to rank 63 in World Bank's Ease of Doing Business; figures among top 10 most improved economies
Business

India moves up 14 notches to rank 63 in World Bank's Ease of Doing Business; figures among top 10 most improved economies

The World Bank noted that India has joined the list of top 10 improvers for the third year in a row, which it said was commendable given the size of the economy.

Investors can find no better place in the world than India; has best-skilled manpower, rule of law, says Nirmala Sitharaman
Business

Investors can find no better place in the world than India; has best-skilled manpower, rule of law, says Nirmala Sitharaman

To a question on the slowdown in the Indian economy, Nirmala Sitharaman said the government is taking steps to address problems in the "stressed" sectors

Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines
Business

Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines

There are at least five big reforms that need doing, can quickly get-off the ground, and which will have lasting positive effects on growth