Africa

FICCI Against Bharat Bandh, Expresses Need for Economic Reforms

In light of the "Bharat Bandh" on Thursday called by various political parties against the reform policies announced by the Centre last week, the Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the national polity to stand united and strengthen the hands of policy makers to act proactively and decisively to push the country forward.

Sep 20, 2012

PM to Justify Economic Reforms on Friday; Brings FDI to Reality

A day after the NDA and other opposition parties observed a nationwide protest against fuel price hike and FDI in multi-brand retail, Prime Minister Manmohan Singh will explain on Friday the government's rationale behind the economic reforms announced last week.

Sep 21, 2012

PM Breaks His Silence, Clarifies Fuel Price Hike and FDI in Retail

Prime Minister Dr. Manmohan Singh addressed the nation on Friday night, explaining why his government has taken some important economic policy decisions that include diesel price hike and Foreign Direct Investment (FDI) in retail sectors. The PM's speech came just a day after the National Democratic Alliance (NDA) and other opposition parties called for "Bharat Bandh".

Sep 22, 2012

Stock Market Crosses 19,000 Points on Reform Hopes

The sentiments among investors seem to have improved drastically following several steps taken by the government to revive the sinking economy, as the stock market touched a 15-month high on Thursday. The Sensex gained one percent to above 19,000 points for the first time since July 8, 2011, on hopes for additional fiscal and economic reforms.

Oct 4, 2012

manmohan-singh-led-government-proposes-second-wave-of-fdi-reforms

UPA Proposes Second Wave of FDI Reforms to Fight Political Paralysis

The Indian government is set to push for a second round of big-ticket reforms on foreign direct investments (FDI) in the insurance and pension sectors, signalling the UPA's hope for a complete turnaround of the economy amid much opposition from political parties across the country.

Oct 4, 2012