Smt. Nirmala Sitharaman,Hon’ble Minister of Finance,Ministry of Finance,Government of India Hon’ble Finance MinisterNirmala Sitharaman, The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India’s GDP. Unlike manufacturing, this sector takes months to mobilise the 4Ms – men, materials, machines and money […]
As the new government assumes power, there is quite an agenda it requires to address to put the economy on track. The pressure of elections has at least set the pace for delivery on the ground. Schemes announced and then monitored through PRAGATI and other mechanisms were planned to benefit all segments of society. Their […]
There are very few events etched in the memories of an entire generation. For the Americans, it was the 9/11 attack and the Lehman brothers collapse. For Indians, it was the Kargil skirmish, the 26/11 terror attack and, now, demonetisation. This bold and moral move by the PM has had its share of execution challenges, […]
While the global outlook is disconcerting, it has brought in good tidings in the form of nearly $60 billion of savings owing to sub $30 oil prices. However, our stock markets indicate that the near-term outlook for India is yet to see a revival. The Sensex is at the same level as when our current […]
The manufacturing indices, which appeared to be positive till last month, turned negative, killing all joy espoused by optimists. Loans continued to pile up. The RBI maintained its stance. And interest rates didn´t ease off enough to make an impact in a debt-burdened commercial sector. The government is still struggling to get its Land Bill […]