Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Congress puts on a business face to win back India Inc

Mar 27 2014, 14:18 IST
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No retroactive tax, flexible labour laws, right to entreprenurship: Congress Election manifesto. No retroactive tax, flexible labour laws, right to entreprenurship: Congress Election manifesto.
SummaryNo retroactive tax, flexible labour laws, right to entreprenurship: Congress Election manifesto.

seeks to give a push to planned urbanisation, creating inclusive cities and revamping urban governance; it hopes to achieve this by empowering mayors, increasing their tenures and allowing them as also chairpersons of municipalities to function much like CEOs of cities with executive powers.

There are measures aimed at increasing financial inclusion: The manifesto talks of every citizen having a bank account within the next five years; the Nachiket Mor commitee had recommended that by January 2016 every citizen above the age of 18 should have a fully-functional electronic bank account.

The manifesto talks of encouraging foreign direct investment in labour-intensive sectors — UPA II had thrown the open multi-brand retail space to FDI in September, 2012 albeit with a cap of 51%. There are also the expected noises on reining in inflation and improving productivity in agriculture.

Read: China praises Malaysia Airlines for plane search efforts

The party hasn’t provided details on how it would promote a more open and competitive economy — for example, whether coal mining would be freed up — though it says it would open the economy to more global and domestic competition.

Also Read: More misery for kin over Malaysia Airlines MH370 plane, search flounders, weather set to turn for the worse

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