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BEIJING: China will not budge from its stance against India’s entry into the powerful Nuclear Suppliers Group ( NSG), and assume the same approach for “all-weather friend” Pakistan, because neither country has ratified the nuclear Non-Proliferation Treaty ( NPT), the Chinese foreign ministry said
The PMs vision of ‘Make in India’ and the thrust being given in the Defence Procurement Procedure 2106 to ‘Indian Designed, Developed and Made (IDDM)’ products is a welcome shift from the decades old concept of licensed production. While laying the foundations for the Indian Defence Industry, via the Ordnance factories and the Defence Public Sector Undertakings, the then PM, Shri Jawaharlal Nehru, had the lofty vision of setting up an Indian defence
US senators on Tuesday questioned whether India’s development of Iran’s Chabahar port for trade access risked violating international sanctions, and a State Department official assured them the administration would closely examine the project. “We have been very clear with the Indians (about) continuing restrictions on activities with respect to Iran,”
Amitabh Kant, Niti Aayog Chief Executive Officer, said the government wants India to be among the top 30 countries in terms of ease of doing business over the next three to four years.
According to the World Bank's Doing Business Report 2016, India ranks 130 out of 189 countries.
“Our objective is that India must become a very easy and a very simple place to do business in.
In June 1991 a new government was installed in the country after a period of economic precariousness combined with political instability following the assassination of a prime minister. For the next five years the political process and the economy were managed by the unlikely duo of P.V. Narasimha Rao and Manmohan Singh, respectively. The policy changes that had been initiated then have come to be known as “the economic reforms”. But even