Reforms

Stage set for next gen reforms: President Murmu in her I-Day eve address

President spoke of the programmes and schemes that the government has undertaken for the welfare of the poor, women, farmers, and the youth

Agenda for regulatory reform

Improving the governance of omnipotent regulators who currently dominate the economy and the lives of Indian citizens should be at the top of the new government's priorities

Strong economic base to help new govt make India a developed nation by 2047

India's world record beating economic growth rate together with robust tax revenues, a fast expanding digital and financial infrastructure and a strong manufacturing sector will give the new government a base for unleashing next generation reforms that may make the country a developed nation by 2047. The new government will however have to tackle with problems like unemployment and rural distress, which seemed to have played a major role in voting pattern in states like Uttar Pradesh, while also keeping inflation under control. Given that no party, including BJP, have a clear majority of its own, tough reforms like big ticket privatisation and labour law reforms may take a backseat. As per the available trends, BJP is likely to win about 240 seats in a 543- member Lok Sabha. It would have to rely on its allies like TDP and JDU to form the next government. The new government will have to build upon the 8.2 per cent GDP growth recorded in 2023-24 and carry on with the reforms to make

Taking states along

Next govt should build consensus on reforms

India needs 'hard reforms' to reach GDP growth of 7.5%, says HSBC

Prime Minister Narendra Modi - who is seeking a third term in elections that run until June 1 - has been campaigning on making India a developed nation by 2047

Next gen reforms to top third-term agenda, says FM Nirmala Sitharaman

Sitharaman said that among other areas of focus, the government is also going to ramp up investment in the logistics sector which has immense untapped potential along with tourism

PM Modi calls for reform of multilateral institutions at World Govt Summit

Modi said India has brought in its own reforms based on the mantra of 'Minimum Government, Maximum Governance' and that governments should interfere as little as possible in the lives of people

RBI Deputy Governor urges for stringent governance standards in UCBs

He added that it is essential for the director to understand the bank's financial statements as it is important for laying down underwriting standards and assessing credit proposals

Govt okays Rs 235 cr for administrative reforms, public grievance redressal

The Centre has approved an outlay of Rs 235 crore for a revamped scheme for administrative reforms to be implemented in the next two financial years in the the Department of Administrative Reforms and Public Grievances, an official statement issued on Thursday said. The scheme will take up ambitious next-generation administrative reforms matching with the new aspirations of 'Viksit Bharat', it said. This revamped scheme has two verticals -- administrative reforms and a comprehensive system for redressal of public grievances, said the statement issued by the Personnel Ministry. "The government has approved an outlay of Rs 235 cr for revamped scheme for administrative reforms of DARPG to be implemented in next two years (2024-25 and 2025-26 ) of the 15th Finance Commission cycle," it added. The scheme for administrative reforms with an allocation of Rs 107 crore seeks to utilise the resources for Prime Minister's awards for excellence in public administration for 2024-25 and 2025-26,

India to advocate for food security, WTO reforms at upcoming Geneva meeting

The WTO Director-General urged officials to arrive in Geneva with "realistic expectations of what is truly doable" for MC13, rather than sticking to established positions

Insolvency code a crucial milestone in economic reforms: PM Modi

Stressing that the Insolvency and Bankruptcy Code, implemented in 2016, is a crucial milestone in the economic reforms, Prime Minister Narendra Modi on Saturday said that India, which used to be counted among the "Fragile Five" economies, is now being considered a bright spot in the global economy. The Prime Minister took note of the seminar, titled, 'Rejuvenation of Economy under Insolvency Laws' being organised by Insolvency & Professionals Council of India. In a signed message to Dr. Adish C Aggarwala, President of the International Council of Jurists, London, for the seminar, to be held in New Delhi on August 27, PM Modi acknowledged the need to make the insolvency regime "even better".Taking note of the initiative, Prime Minister Narendra Modi, added "It is particularly heartening to note that this seminar is being attended by many legal luminaries, domain experts and other stakeholders".The Prime Minister said he was sure that the deliberations at the seminar "will prove ..

India set to host IIAS conference on administrative reforms in 2025

The annual conference will be attended by 30 countries, 18 national sections, and over 50 IIAS universities/ institutes of public administration

UNSC structure does not reflect reality, needs urgent reforms: UN envoys

The UN Security Council in its current structure is perverse and immoral, a perpetuation of the colonisation project and does not reflect the rise of new powers and shifting geopolitical landscape, envoys and policy experts said here, asserting that the time for reform is now and status quo is untenable. Speaking at a Roundtable on Security Council Reform at the UN headquarters hosted by the Permanent Missions of Brazil, India, South Africa and Saint Vincent and the Grenadines here on Thursday, India's Permanent Representative to the UN Ambassador Kamboj said, The current composition of the Security Council no longer aligns with the realities of our interconnected and multi-polar world." "The Council structure, designed in a different era, does not reflect the rise of new powers, the shifting geopolitical landscape and the aspirations of nations striving for a fairer and more equitable global order, she said. The roundtable was held with the aim to bring in the perspective of the ..

Reforms galore, index annual returns in line with the long-term trend

The returns are also below the previous Manmohan Singh-led United Progressive Alliance (UPA) government

United Nations will become 'irrelevant' without reforms: Jaishankar

The United Nations Security Council reforms is like a "hard nut", but hard nuts can be cracked, External Affairs Minister S Jaishankar said here on Tuesday as he cautioned that the world body will become "irrelevant" without much-delayed reforms. Jaishankar made the remarks while responding to questions after his address at the Lowy Institute on the growing importance of India's relationship with Australia and the interests that both countries share as members of the security-focused Quad. "Well, it's a hard nut but hard nuts can be cracked," Jaishankar said while responding to a question on UN Security Council reforms. Jaishankar said that there are continents which actually feel that the Security Council process does not take into account that into their problems. "I think that's hugely damaging to the UN. So one of the developments this time, in fact, has been a very explicit recognition by President Joe Biden of the need to actually reform the UN which is not a small developmen

Jaishankar focused on UN reforms, misuse of terrorist listings during visit

External Affairs Minister S Jaishankar this week completed his 11-day US visit, during which he articulated both infringements of India's core interests as well as issues of pressing global concern

Employers favour administrative labour reforms over legislative ones

Report reveals that just 20% of fixed-term employment contracts are renewed

Reforming ratings

New norms will increase transparency

Reforms may be unpleasant temporarily, but beneficial over time: PM Modi

Modi's comments assume significance in the backdrop of widespread protests against 'Agnipath,' the new army recruitment scheme, announced by the Centre

Can't do it in a day, says CJI about using local languages in courts

"Sometimes, some of the judges are not familiar with the local language. The chief justice will always be from outside. Senior-most judges sometimes are also from outside," Justice Ramana said