Page 3 - Reforms

Real is radical: Drop subsidies, offer basic minimum income to farmers

You could run a sensible subsidy and price support system at a fraction of today's cost, and still have enough money left over to offer a more generous income support to all farmers, writes T N Ninan

Clean up land records: Let the financial system spearhead the change

The first step in this direction would be to start with the land that has already been collateralised in the formal financial system

Industry asks for more

But the government's economic package has a lot going for India's private sector

India's economic environment weak, needs urgent and ambitious reforms: IMF

he IMF in January lowered India's economic growth estimate for the current fiscal to 4.8 per cent

Letter to BS: Structural reforms hold the key to achieve economic goals

The demand for credit and the credit absorption capacity of the various segments are critical to boosting the supply of credit

We're committed to further reforms, says FM Nirmala Sitharaman

Waiting for the next Budget is by itself a delay which we did not want considering the environment which was prevailing all over the world, said Sitharaman

Why isn't manufacturing coming to India? Deficient reforms, says World Bank

Rigid land and labor laws and protectionist trade policies are hindering investment in India even though the government has made strides in improving the ease of doing business, according to the World

RCEP: By opting out of it, India shows that now it fears the world

PM Modi's decision not to join RCEP is an admission that even the prospect of joining a massive regional trade agreement isn't incentive enough for New Delhi to launch deep economic reforms.

When is a good time for austerity?

There is a time for austerity - when there is a boom

Best of BS Opinion: No time to pause, let the best people do their job

Here's a selection of Business Standard opinion pieces for the day

Lack of reforms created huge NPAs in infra, power sectors, says Jaitley

Finance Minister Arun Jaitley today blamed the successive governments' inability to bring in reforms in the infrastructure and power sectors for the rising non-performing assets in the core segments. He said there are a number of sectors which have been impacted by the global slowdown, but some of these were hit more because of the absence of reforms. "There are at least two sectors - infrastructure and power- where we can't blame external factors. Our own inability to bring in reforms adequately in these sectors, I think, caused the difficulty (in banks books)," Jaitley told the BRICS Economic Forum here. Elaborating further, the Union Minister said that in the infrastructure sector the key problem is the inability to adequately and quickly settle the disputes. "We allowed them to pester for an indefinitely long period and now we have taken a number of steps, including amending laws, setting up faster courts, among others. I do hope we are able to get out of it," the minister

'Kerosene price hike a positive signal on reforms'

Kerosene is predominantly used by rural poor households and hence any change in price is a politically sensitive decision

25 years of reforms

Business Standard looks at the distance the country has travelled through the lens of key indicators

Reforms to cushion volatility

However, it is likely to outperform other emerging markets over medium-to long-term

'Dysfunctional politics' blocking reforms like GST, says Princeton economist

Avinash Dixit, an Indian-American economist, also said that India's infrastructure sector and governance need more improvement

Survey: Govt needs to speed up reforms for growth

Government needs to speed up implementation of GST, address the issue of cheap imports and improve investment climate as majority of sectors are witnessing 'moderate' growth, says a CII survey.The survey, which tracks the growth of economic sectors on a quarterly basis, also stressed on the quick implementation of the announcements in the budget especially in the infrastructure space, boosting export competitiveness and addressing the issue of delayed payments.Overall, the current trends reveal that majority of the sectors are continuing to witness 'moderate' growth trends with 'excellent' and 'high' growth limited to some sectors, it said.However, a decline in the share of sectors registering 'low' growth is clearly an indication towards the bottoming out of growth trends in the majority of sectors."Going forward, on the back of the various measures and structural reforms taken by the government, it is expected that the current momentum would be supportive of the revival becoming broa

Modi govt slow in implementing key reforms: US trade official

He pointed out that US businesses have to be patient since reforms cannot be implemented overnight