Insights, a blog published by IMPRI.
The Indian Government, specifically the Ministry of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, has introduced the India's new Foreign Trade Policy (FTP) 2023 which has been already launched with the aim of enhancing exports and simplifying processes for exporters while strengthening the export control framework.
The Scheme of Residential Education for Students in High School in Targeted Areas (SRESHTA) is a program launched by the Ministry of Social Justice and Empowerment to empower Scheduled Caste students by providing them with equal opportunities to quality education
The Rajya Sabha has approved amendments to the Oilfields (Regulation and Development) Act of 1948. The bill was passed by the Rajya Sabha on December 3, 2024.
Glowing tributes are being paid to Manmohan Singh. Not only it is an Indian tradition to praise the departed, but much has changed since he demitted the prime ministership following the rout of the Congress in 2014. The United Progressive Alliance (UPA)-II headed by him was characterised by policy paralysis and non-performance and that was exploited by the BJP and Narendra Modi. But today, Singh comes across as a democrat and the contrast with the present times is stark.
The Association of South East Asian Nations (ASEAN)-India Trade in Goods Agreement (AITIGA) was signed and entered into force on January 1, 2010. The AITIGA (also known as ASEAN-India FTA) was a culmination of a series of efforts by both ASEAN member-States and India to ameliorate their ties. After completing a decade of the AITIGA in 2019, ASEAN and India mutually decided to review the agreement through consultations. While attending the 20th ASEAN-India Summit in 2022 at Jakarta, the Indian Prime Minister emphasised the need to complete the AITIGA in a time-bound manner.
It is conventional wisdom to hail Manmohan Singh as the author of India’s economic reforms. This is misconceived. That credit goes to PV Narasimha Rao. Only a prime minister can strategise and execute a paradigm shift in the nation’s economic policy. He would need a number of technocrats to carry out that job intelligently, and Manmohan Singh, as Rao’s finance minister led a team of able technocrats, among whom we should note the likes of Montek Singh Ahluwalia, Shankar Acharya and C Rangarjan at the Reserve Bank of India (RBI), India’s central bank. To call Manmohan Singh the author of economic reforms is like saying that contract manufacturers Foxconn and Pegatron make the iPhone, and not Apple.
The year 2025 marks the 200th anniversary of passenger travel by rail. While horses used to drag heavy loads along parallel rails, initially of wood and later of steel, at the beginning of the industrial revolution, the arrival of steam locomotives changed transportation forever. On September 27, 1825, a locomotive built by George Stephenson pulled 11 wagons of people and 20 wagons of coal a distance of some 26 miles from Darlington to Stockton along steel tracks (these places are about two hours by car from Manchester). That inaugurated travel by rail.