Andhra Pradesh has became the first state in the country to successfully undertake ease of doing business reforms and has thus become eligible to raise an additional amount of Rs 2,525 crore through open market borrowings

The three labour codes seen together fail to achieve even reasonable balance between enabling of ease of doing business, and protecting & strengthening labour welfare and their rights

Out of these five states, Andhra Pradesh has been allowed to borrow Rs 2,525 crore, Telangana Rs 2,508 crore, Karnataka Rs 4,509 crore, Goa Rs 223 crore, and Tripura Rs 148 crore

Finance Minister Nirmala Sitharaman has said that good inflow of foreign direct investment (FDI) even during coronavirus times shows foreign investors have taken India's commitment to economic reforms seriously

Foreign investors interest is evident from the good inflow of FDI even during the time of COVID-19. Between April-July, the Foreign Direct investment (FDI) into India stood at USD 20 billion

The Commerce Minister says focus on these 24 products/sectors will also provide scores of job opportunities, expand economic activities in the country and lead the way for India's rightful place in the world

Union Finance Minister Nirmala Sitharaman says states have embraced the true spirit behind the State Business Reforms Action Plan, showing extraordinary energy in putting together action plans and making sure that reforms happen

India's current efforts in restructuring its tax system should eventually eliminate the need for compliance - something similar to what the tax administration department of UK, is trying to achieve through its Making Tax Digital initiative

Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

The draft Defence Production and Export Promotion Policy 2020 set an export target of Rs 35,000 crore ($5 billion) in aerospace and defence goods and services in the next five years

Piyush Goyal said that the government had initially identified 12 industrial sectors to focus upon, and the same has been expanded to 20

Piyush Goyal said that the government is working on further improving ease of doing business. The ministry is working on simplifying domestic approvals and bureaucratic processes, he added

Under this, a secure QR coded shipping bill would be electronically sent to exporters after the customs allows export, the CBIC said to all principal chief commissioners of customs and central tax

States have proposed radical changes in labour laws post lockdown. But those cannot trigger an economic revival

Indias economy is expected to shrink in FY21. The government has come out with several reforms of late to make the country a global manufacturing hub and push jobs and growth

The Centre has allowed the states to increase their borrowing limit from 3% of the GSDP to 5% on fulfillment of certain conditions

The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

States finally have headroom to borrow more from the market. But there's a cost to it

Easier and simpler labour laws, and flexibility to manage employees, can work wonders for businesses