Even as the economic scene in India is getting grimmer, investors are betting the new finance minister would help steer the ship through troubled waters and halt the slide in growth. Ground realities, however, tell us those expectations could be misplace
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REFORMS: Biz sentiments improved but nothing changed
Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself, who are too wary to invest. The chief
Tax notices to MNCs worry investors
NEW DELHI: A spate of high-profile tax demands on several multinational companies (MNCs) such as Shell, Nokia and Vodafone has the potential to hurt sentiment and experts said investors are hoping that the Budget will have some steps to ensure fair dispu
Inflation probably eased to three-year lows in January
New Delhi: India's headline inflation likely moderated to its lowest level in more than three years in January, helped by a slower rise in prices of manufactured goods, which should give policymakers more leeway to revive a slowing economy. The governmen
Headline inflation probably eased to 3-year lows in January
Economic growth is likely to be just 5 percent in the fiscal year ending in March, according to a government forecast issued last week, a sharp fall from the near double-digit growth rates of the mid-2000s. The slowing growth is a major worry for the Con
Vodafone rethinks strategy to drive growth
After years of focus on voice-based business, British telecom company Vodafone is slowly changing course to include new areas such as IT solutions and mobile payments to drive growth in India. Up until now, Vodafone had primarily focused on expanding its
Lower expenditure, fiscal deficit and GST rollout to tame inflation
After a long winter of discontent — economic and social — the signs of an early spring are hard to spot. To the eye, the landscape looks bleak. Exports are down, the current account deficit is up, GDP growth is still wobbly. Monetary policy remains tight
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It is likely that like other reformers before him, Chidambaram would also be made to drink from the poisoned chalice....
