India's Growth Resurgence: Sectoral Issues and Governance Risks, jointly authored by Yerram Raju, M Sitarama Murthy and Subbaiah Singala looks into detail on the frontal sectoral issues and governance risks, India is facing as a leading emerging economy.
Most often, Mihir Sharma speaks his mind in his columns in Business Standard (earlier in Indian Express) - this is good trait actually of him being a journalist. In fact, his maiden book Restart: The Last Chance for Indian Economy is a good read in parts where he retains his natural expression. However, it also makes his work, more an extension of journalistic writings rather than wearing the actual seriousness, required to delve with the issues of economic policies and pure economics.
The generational shift in India's economic reforms is taking place, with the NDA government working on the third generation of reforms, Minister of State for Finance Jayant Sinha said at the 39th Skoch Summit.Speaking at the concluding ceremony of the two-days conference organised by the Skoch Group that debated the theme 'From Dole to Development', Sinha said catalysing competitive federalism, global competitiveness, infrastructure development and innovation are the four important facets of the third generation reforms the government is intent on advancing.
While six months is too short a period to judge the performance of a new government, Narendra Modi has rolled up his sleeves for a slew of reforms-some have been announced and implemented, some are getting framed and some caught up in administrative, political and legislative tangles.
It has been 10 years after P V Narasimha Rao, the country's Prime Minister from 1991 to 1996, died. India's history would have been different had Rao led the Congress to re-election in the 1996 general elections. Had it won, the Congress might have had the real chance to break loose of the Nehru-Gandhi family's vice-like grip. However, what followed a few years after the 1996 elections was political theatre. Within months, Rao had to quit as president of party, but his downfall was not complete until the representative of the first family, Sonia Gandhi, was anointed party chief in 1998.
One of the major pending economic reforms in India is related to the process and management of expenditure. The government has appointed a panel called Expenditure Management Commission under the chairmanship of former Reserve Bank of India (RBI) governor Bimal Jalan to look into the various aspects of expenditure reforms and suggest ways to improve fiscal discipline.
In December 1967, the then Finance Minister Morarji Desai introduced a new term for bankers, the "Priority Sector" and this term has come to stay in the Indian banking terminology since then.