1991 Reforms

The Narendra Modi government is confident of doing well in the April/May Lok Sabha election because of the "trust people have in the Prime Minister", Union Finance Minister Nirmala Sitharaman told NDTV Friday, in her first post-budget interview.

The Congress on Wednesday took a swipe at Finance Minister Nirmala Sitharaman for her remarks a few weeks ago calling the 1991 reforms "half-baked".

Former finance minister and senior Congress member P. Chidambaram on Friday reacted to Union finance minister Nirmala Sitharaman's remarks on India's 1991 economic reforms.

The chairman of India's largest company by market value Reliance Industries Ltd said bold economic reforms helped GDP of $ 266 billion in 1991 grow by over ten times.

The road ahead is even more daunting than during the 1991 economic crisis and the nation would need to recalibrate its priorities to ensure a dignified life for all Indians.

Former Prime Minister Dr Manmohan Singh today said he was "worried" about the "fiscal arithmetic" of the Union budget and wondered how the government was planning to meet its promises. In the last full budget before next year's general election, the focus has been on agriculture and rural sectors. Finance Minister Arun Jaitley has announced a new h...

Former Deputy Governor of the Reserve Bank of India Dr Rakesh Mohan, a key person in writing the new industrial policy of 1991, has now written a book to mark 70 years of independence that also comes 25 years after the reforms transformed India.

Prominent industrialist Adi Godrej today allayed fears of price rise after the implementation of the Centre's flagship Goods and Services Tax, saying the tax slabs have been placed so reasonably, that the overall effect will be "extremely beneficial". Hailing GST as the biggest economic reform since the liberalisation of 1991, he said it would, in ...

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

The step follows Finance Minister Arun Jaitley's budget pledge in February to abolish the institution, which was set up soon after India embarked on its first market reforms in 1991, in a departure from decades of socialist planning.

GST is a single indirect tax that brings most of the taxes and duties imposed on goods, services, sales and consumption of goods and services into one single tax at the national level. How does its implementation work for the Indian auto industry. Here's what the manufacturers have to say.

In the pre-liberalisation period, when tax rates were very high and the economy was under the government's control, India grew at just 3.5-4 per cent.

Former Prime Minister Manmohan Singh, the architect of economic reforms unleashed in 1991 that took the country on a high growth trajectory, today hailed the NDA government's attempts to adhere to the fiscal deficit target set by his government for the current fiscal, but said at the same time that the budget presented today was lacking in specific...

The Prime Minister fought for his reputation as the architect of India's economic reforms on Friday, insisting that the current growth and currency crunch is no repeat of the 1991 balance of payments crisis that made him a household name.

The minister added that an improvement in investment after the reforms will help growth recover to 8 per cent, even though it would be "premature to talk about 9 per cent growth".

The Narendra Modi government is confident of doing well in the April/May Lok Sabha election because of the "trust people have in the Prime Minister", Union Finance Minister Nirmala Sitharaman told NDTV Friday, in her first post-budget interview.

The Congress on Wednesday took a swipe at Finance Minister Nirmala Sitharaman for her remarks a few weeks ago calling the 1991 reforms "half-baked".

Former finance minister and senior Congress member P. Chidambaram on Friday reacted to Union finance minister Nirmala Sitharaman's remarks on India's 1991 economic reforms.

The chairman of India's largest company by market value Reliance Industries Ltd said bold economic reforms helped GDP of $ 266 billion in 1991 grow by over ten times.

The road ahead is even more daunting than during the 1991 economic crisis and the nation would need to recalibrate its priorities to ensure a dignified life for all Indians.

Former Prime Minister Dr Manmohan Singh today said he was "worried" about the "fiscal arithmetic" of the Union budget and wondered how the government was planning to meet its promises. In the last full budget before next year's general election, the focus has been on agriculture and rural sectors. Finance Minister Arun Jaitley has announced a new h...

Former Deputy Governor of the Reserve Bank of India Dr Rakesh Mohan, a key person in writing the new industrial policy of 1991, has now written a book to mark 70 years of independence that also comes 25 years after the reforms transformed India.

Prominent industrialist Adi Godrej today allayed fears of price rise after the implementation of the Centre's flagship Goods and Services Tax, saying the tax slabs have been placed so reasonably, that the overall effect will be "extremely beneficial". Hailing GST as the biggest economic reform since the liberalisation of 1991, he said it would, in ...

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

The step follows Finance Minister Arun Jaitley's budget pledge in February to abolish the institution, which was set up soon after India embarked on its first market reforms in 1991, in a departure from decades of socialist planning.

GST is a single indirect tax that brings most of the taxes and duties imposed on goods, services, sales and consumption of goods and services into one single tax at the national level. How does its implementation work for the Indian auto industry. Here's what the manufacturers have to say.

In the pre-liberalisation period, when tax rates were very high and the economy was under the government's control, India grew at just 3.5-4 per cent.

Former Prime Minister Manmohan Singh, the architect of economic reforms unleashed in 1991 that took the country on a high growth trajectory, today hailed the NDA government's attempts to adhere to the fiscal deficit target set by his government for the current fiscal, but said at the same time that the budget presented today was lacking in specific...

The Prime Minister fought for his reputation as the architect of India's economic reforms on Friday, insisting that the current growth and currency crunch is no repeat of the 1991 balance of payments crisis that made him a household name.

The minister added that an improvement in investment after the reforms will help growth recover to 8 per cent, even though it would be "premature to talk about 9 per cent growth".