The government has made an honest attempt at realigning economic incentives to drastically change human behaviour and make it easier for those who wish to be honest and incredibly tough for the dishonest. It will hit at the roots of untaxed, undeclared, taxable income

\"These young people are going to be a lot open to adopting technology and become conduit for improving tech penetration within the entire population as well,\" said Parag Gupta, the executive director who leads the technology, internet and media practice for Morgan Stanley India.

Moody's becomes the second ratings agency after Standard & Poor's to decline an upgrade to India's ratings despite government lobbying. Moody's rates India at \"Baa3\", the lowest investment-grade rating, but with a \"positive\" outlook.

The book hails the countries of the Global Southern Belt as game changers that will challenge the Western worldview and reshape the world.

Prime Minister Modi shares the dreams and aspirations of a billion plus people of the country \"to make India a global economic leader\". To make this dream a reality, Make in India, Digital India, Smart Cities, Startup India and Swachh Bharat programmes, among others, have been launched by the government.

The stance of the global rating agency comes despite a push for a ratings upgrade by the finance ministry on the ground that the fiscal deficit has been kept in check and major economic reforms including the new goods and services tax (GST) regime have been passed.

The stance comes despite a push for a ratings upgrade by government officials, who have argued the country has kept its fiscal deficit in check and passed a slew of major economic reforms including a revamp of the goods and services tax.

According to the report, what is commonly referred to as the \"middle class\" in India has nothing to do with Middle India, the households located in the middle 60 per cent of the income spectrum.

The future of luxury in India depends on how fast it can penetrate the hinterland. The good news is that small-town consumers are no longer afraid to flaunt their dough

RBI Governor Raghuram Rajan on Monday said India has a long way to catch up with China on per capita GDP and will need years of strong growth but cautioned against expanding economy at the cost of environment.

India may be the fastest growing major economy in the world but it needs to sustain high growth rates over the next few decades to substantially raise standards of living in the country.

India will move up \"rapidly\" on the Ease of Doing Business ranking within a couple of years following an array of reforms undertaken by the government to ease rules, Finance Minister Arun Jaitley said on Wednesday.

With slowing iPhone sales in China, Apple Inc is having to take India more seriously, but investors hoping for a stock price fillip from CEO Tim Cook's week-long Asia trip instead were given a taste of the daunting challenges that lie ahead.

As the country prospers, the poverty bar will keep rising and a section of the population will always remain below it. After all, even the US and European countries have sections termed 'poor', though they may be much better off than the poor in India.

Under the scheme, the prime minister wants to develop 6,320 model villages by 2024. In the first phase (2014 to 2016), 699 MPs adopted their first village. As on May 3 this year, 62 had chosen their second village, too.

If you thought that all the action in business was concentrated around the e-commerce sector, you could not be more wrong. The unlikely category of milk and dairy products has been seeing some of the most frenetic activity over the past couple of years.

Underlining the scale of his ambition, PM Modi has told power officials he wants to announce that every village has been electrified at his next Budget in early 2017, 18 months ahead of the original target, a senior official told Reuters.

Seeking to explain his 'one-eyed king' comments, Rajan said his comments were \"hung out to dry out of context\" and even offered an apology to the visually-impaired for hurting them by the use of the proverb.

The changes in the global economy can be positive provided India focuses on two key areas - boosting the competitiveness of its manufacturing and services sectors, and leveraging women's talent.

The rural economy is reeling under erratic monsoons and unfriendly government policies. The crisis is so deep that its spillover has made the whole economy anaemic.