World News | Reuters | Thursday July 23, 2015
Greece's new bail-out deal imposes a stiff dose of budget rigour and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters.
India News | Reported by Sandeep Phukan (With inputs from Reuters) | Friday July 17, 2015
In a big blow to an ambitious economic reform agenda, Prime Minister Narendra Modi's government has indicated it may have to row back on a land bill amid fierce parliamentary opposition.
World News | Reuters | Friday June 19, 2015
Hong Kong's leader extended an olive branch of economic stimulus to the city a day after lawmakers vetoed a Beijing-backed electoral reform package, a move economists warned could undermine business in the Asian financial hub.
Thomson Reuters | Wednesday June 10, 2015
Wall Street surged in late morning trading on Wednesday after a Bloomberg report that Germany may be satisfied with Greece committing to at least one economic reform in return for aid.
Thomson Reuters | Tuesday June 9, 2015
European Union officials on Tuesday swiftly dismissed new Greek promises of economic reform, saying the proposals were not enough to unlock funds that Athens urgently needs to avoid defaulting on its debts.
Thursday May 28, 2015
Industrialist Adi Godrej on Wednesday said the Narendra Modi government is "clearly on the path of reform and if the Goods and Services Tax (GST) comes into effect next April, India could see a GDP growth of over 10 per cent.
India News | Agence France-Presse | Friday May 22, 2015
Finance Minister Arun Jaitley acknowledged on Friday that the government could miss its deadline to implement a key tax law amid criticism of the pace of economic reforms after a year in office.
Thomson Reuters | Monday May 11, 2015
Rating agency Moody's on Monday said credit conditions are likely to improve for rated Indian corporates over the next 12-18 months on the back of an upturn in economic activities, government's reform push and transmission of monetary easing.
Thomson Reuters | Saturday May 9, 2015
China will increase its healthcare subsidies by 19 per cent this year as part of efforts to deepen social reforms and strengthen safety nets, the government said on Saturday.
Wednesday May 6, 2015
A major tax reform cleared a key hurdle in parliament on Wednesday, when the Lok Sabha passed a bill to replace a patchwork of levies by the central and state governments with a single nationwide sales tax.
World News | Reuters | Sunday April 26, 2015
Kazakh President Nursultan Nazarbayev was set to renew his 26-year grip on power on Sunday, offering the multi-ethnic Central Asian state economic and social stability in return for what rights groups call systematic suppression of opposition.
Thomson Reuters | Saturday April 25, 2015
Parliament began debating the Goods and Service Tax (GST) on Friday that seeks to transform the country into a common market, but experts said compromises made to enlist the support of states risked diluting the impact of the biggest tax reform in decades.
Friday April 17, 2015
The 2010 reforms, a doubling of IMF funding and a reallocation of voting power to boost China and other up-and-coming economic powers.
Thursday April 9, 2015
The CEA also expressed hope that the rating agency will upgrade India's rating from 'Baa3' currently. It signifies the lowest investment grade -- just a notch above 'junk' status.
India News | Reuters | Thursday March 12, 2015
Prime Minister Narendra Modi passed his first major economic reform almost a year after coming to power, as Parliament voted late on Thursday to allow more foreign investment in the insurance sector.
Thomson Reuters | Thursday March 12, 2015
Lawmakers in the upper house agreed to increase the foreign investment limit in local insurers to 49 per cent from 26 per cent after the opposition Congress party swung behind the bill which cleared the lower house last week.
India News | Press Trust of India | Thursday March 12, 2015
Parliament tonight approved the NDA government's first major economic reform measure as the long-pending bill providing for raising foreign investment cap in insurance was passed by Rajya Sabha after main Opposition Congress and some other parties came on board.
Thomson Reuters | Monday March 2, 2015
The comments come after Finance Minister Arun Jaitley on Saturday announced a budget for the year through March 2016 prioritising economic growth over reform, which is likely to slow the pace of narrowing a fiscal deficit.
India News | Edited by Mala Das | Wednesday February 25, 2015
Despite the combined onslaught of the opposition and activists, Prime Minister Narendra Modi has decided that land reforms introduced by him will not be discussed at a meeting with leaders of all parties, a measure that was reportedly being considered in an attempt to craft consensus for a legislation that is key to the government's economic agenda...
Monday February 16, 2015
India needs to strengthen its manufacturing activities as well as reform labour laws to ensure good growth, Organisation for Economic Co-operation and Development's chief economist Catherine L Mann said on Monday.
India News | Edited by Mala Das | Thursday February 12, 2015
A near wipeout in the Delhi election this week will not sidetrack the government's reform agenda, Finance Minister Arun Jaitley said.
Thursday January 22, 2015
'The important thing is low prices $45 to 50 dollars are a temporary phenomenon. It's a very good breathing zone for oil importing countries.'
India News | Reported by Niha Masih, Edited by Abhinav Bhatt | Wednesday January 7, 2015
The Prime Minister, determined not to be sidetracked from his agenda of economic reform, has warned his party's law-makers to tamp down statements described by political opponents as evidence of his government's intent to promote a Hindu-dominant agenda. But that line has been ignored by Sakshi Maharaj, a BJP parliamentarian from Uttar Pradesh.
Saturday December 27, 2014
The Finance Ministry said on Saturday that the Ordinance for the insurance sector reform will help companies raise capital through new and innovative instruments, besides promoting economic growth and job creation.