DISTINGUISHED ACADEMIC, economist and lawmaker, Manmohan Singh will be forever admired and revered as the chief architect of India's reforms. He was determined to make India a market-driven economy and, backed by Prime Minister Narasimha Rao, took path-breaking policy measures to make it one. His handling of the severe economic and balance of payments crisis, early on in his tenure, revealed his ability to come up with solutions. Devaluing the rupee against the dollar by 18%, in two stages, was no easy task. Also, Singh realised that the Indian currency needed to be more market-determined and made it largely that by 1996. The dismantling of the licence raj, and the revamped industrial licensing policy, freed many industries from the shackles of regressive licensing controls. The earlier unhealthy regime that fostered monopolies was liberalised and many more businessmen were empowered.
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Financial Express Chennai.
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Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Financial Express Chennai.
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RBI Paves Way for Faster Resolution of Retail NPAs for ARCs
IN A RELIEF to asset reconstruction companies (ARCs), settling small-ticket bad loans of ₹1 crore or less will now be easier.
Uttarakhand govt clears UCC rules
Set to be rolled out after local body elections
IndusInd Bank CFO resigns, deputy CEO to take charge
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IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
Infy: Improvement in discretionary demand
Expects strong revenue growth of 5-7.9% in FY26
Facebook, X to Do More Against Hate Speech
META'S FACEBOOK, ELON MUSK'S X, Google's YouTube and other tech companies have agreed to do more to tackle online hate speech under an updated code of conduct that will now be integrated into EU tech rules, the European Commission said on Monday.
Groww Picks Banks for IPO at Up to $8-Billion Valuation
Seizing on the Momentum
Kotak Bank to Maintain Its Margins
Aided by a rate-cut cycle & led by growth in high-yielding assets
'Agentic framework will be the next big leap of AI'
Artificial Intelligence (AI) is rapidly transforming industries, unlocking new possibilities, and challenging traditional business models. Joe Atkinson, chief AI officer at PWC, shares his insights with Raghav Aggarwal on the future of AI applications, its transformative potential across sectors, and the shared responsibility of preparing the workforce for this shift. Excerpts:
