In the long sweep of global history, will India's 1991 reforms, led by Manmohan Singh (1932-2024) as finance minister under the Narasimha Rao government, mark a turning point as impactful as Britain's 1846 repeal of corn laws and China's 1978 embrace of private property? Both the earlier moves were in favor of a freer market. So was India's opening up. That remix of our 'mixed economy' marked a reduced role of the state, designed to let resources be allocated more efficiently, directed less by the Centre and more by free interactions of demand and supply. It also opened our borders to capital and trade, exposing India Inc to global rivalry. These would combine to spell the idea whose time had come: the rapid rise of our economy.
Denne historien er fra December 30, 2024-utgaven av Mint Ahmedabad.
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Denne historien er fra December 30, 2024-utgaven av Mint Ahmedabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Data rules draft: focus on minors, national security
A draft of rules for India's data protection law has proposed that parents mandatorily identify themselves before their children can join certain online platforms.
Cold wave in North India to boost wheat, mustard crops
The drop in temperature does not bode well for crops like chickpea and potatoes in the plains
States' Q4 borrowing to rise 18% after Q2 growth slump
Capex boost likely as West Bengal, Maharashtra, Karnataka lead ₹4.73 tn borrowing plan
Existing EV subsidies to stay, no new incentives
Commerce minister Piyush Goyal said on Friday existing subsidies for the electric vehicle (EV) ecosystem will continue for some time, citing broad consensus among the government, auto OEMs, and battery swapping companies that no new incentives or subsidies are required at this stage.
Govt cuts gas allocation for LPG, diverts to city retailers
The government has slashed allocation of natural gas used for liquefied petroleum gas (LPG) production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet part of their requirement for compressed natural gas (CNG)/piped cooking gas supplies, said an official order.
Rupee closes at new record low vs dollar
Reports of the central bank selling US dollars supported the rupee at lower levels, traders said
India's market cap share globally dips from record highs
Cooling off
PNG, CNG consumers to get uniform insurance cover
Although CNG users report more accidents, instances of pipeline leaks at PNG households were reported
Pharma teachers faking profiles to be blacklisted
Pharmacy Council of India identified 45,355 cases of duplicate profiles on Digi-Pharmed portal using same Aadhar and PAN
PM E-Drive e-bus subsidy to be rolled out from March
Govt to initiate bidding process after working out demand via state, city transport utilities
