GDP growth has been below 5 per cent for the second year in a row, which calls for urgent action on the interest rates' front to spur growth.

\"India needs to spend more money on infrastructure. We look at the new government with lots of hope. He is a strong leader and experienced in running governments (Gujarat),\" Roland Busch, Member of the Managing Board of Siemens AG, told PTI.

India's largest carmaker reported a 19.2 per cent rise in total sales in the month of May. Sales of the compact segment - comprising Swift, Estilo, Ritz - rose 53.9 per cent during the month.

The RBI may cut rates by 25 basis points at its first credit policy review after the Narendra Modi-led government assumed charge as governor Raghuram Rajan tries to strike a balance between fighting inflation and reviving growth, says an Assocham poll.

The latest Business Today-C fore Business Confidence Survey quizzed 185 CEOs and chief financial officers across 12 cities for the survey. A majority of respondents expect economic prospects facing their businesses to improve in the July-to-Sept quarter compared with the three months through June.

The new government must initiate urgent tax reform to encourage companies and revive investor confidence.

In its manifesto, the BJP has said it plans to create 250 million jobs over the next 10 years. However, it will face roadblocks in the form of outdated rules and regulations, especially for small and medium enterprises and the unorganised sector.

Many economists and industrialists hold that the new Land Acquisition Act is as much a deterrent to growth as the old one was. Many now expect Modi to come to the rescue of the industry with amendments to the Act. But the BJP supported the new Act in Parliament.

Prime Minister Narendra Modi and his team of ministers have burst off the blocks with earnest voices. But it will take a lot more than earnestness - dexterous floor management in Parliament being one, unwavering determination another - to get past the UPA's legacy.

In its zeal to prevent fraud, the new Companies Act has made normal corporate functioning near-impossible, feels industry. It's everyday operational issues that are raising anxiety levels of promoters, professional managers and their legal teams and auditors.

Ambitious growth plans, higher risk compliance and stiff performance improvement targets are increasingly prompting companies to seek services of consultancy firms. In response, consultancies are ramping up their hiring plans.

RBI Governor Raghuram Rajan said the new government's plan to curb food inflation seems sensible and that he expects the public's inflation expectations to fall in the future.

Ex-Supreme Court Judge Justice M. B. Shah judge asserts he will ensure a speedy probe into unearthing black money

Containing inflation is a priority for the newly formed government, Parliamentary Affairs Minister M. Venkaiah Naidu said on Thursday after a cabinet meeting.

Prime Minister Narendra Modi has unveiled his top 10 policy priorities seeking to unblock an investment logjam and setting deadlines for action in order to revive the economy.

New minister of state for power, coal and new and renewable energy Piyush Goyal will study the best practices of the Gujarat Model in order to turn around the energy sector.

Former Supreme Court judge Justice M B Shah, who is to head the Special Investigation Team (SIT) into the black money issue, on Wednesday said there are a number of \"complexities\" involved but asserted he will ensure a speedy probe.

Indian carmakers, battered by two years of slowing sales, hope the resounding election victory by India's new leader will spur replacement of the country's complex array of duties with a simple goods and services tax (GST).

The path for Modi looks to be quite clear and straightforward. The PM needs to revive foreign investment.

The Supreme Court, which appointed the two judges, had last week granted the government one week to set up the SIT. The Union Cabinet headed by Prime Minister Narendra Modi held its first meeting on Tuesday in which it named the members of the SIT.