China needs incentives to power a lean, grass-roots-official machine, economic leaders say

China needs incentives to power a lean, grass-roots-official machine, economic leaders say

China’s lower-level officials need incentives to take risks and spur growth but they also need to set a frugal example, according to a statement released on Friday after an annual top economic conference. The balancing act was discussed at the central economic work conference, a gathering of the Communist Party elite in Beijing on Thursday … Read more

Andhra Pradesh lost ₹7L cr due to YSRCP govt policies, says CM Chandrababu Naidu

Andhra Pradesh lost ₹7L cr due to YSRCP govt policies, says CM Chandrababu Naidu

New Delhi: Andhra Pradesh suffered a loss of Rs 7 lakh crore because of economic policies of the YSRCP government, a new white paper released by chief minister N Chandrababu Naidu has revealed.Naidu tabled the white paper on state finances in the state assembly on Friday. So far, the newly-formed TDP government has released white … Read more

China’s third plenum and the 3 major challenges facing ‘Xi the reformer’

China’s third plenum and the 3 major challenges facing ‘Xi the reformer’

“Owing to these reform measures, the Chinese economy has not only sustained robust growth but also more than doubled since 2012, cementing the country’s global status as a major growth contributor,” the article said. It also compared Xi with paramount leader Deng at length, saying both carried forward the mission to achieve China’s modernisation. However, … Read more

Finance Minister: Nirmala Sitharaman assumes charge of Finance Ministry, to ensure ‘ease of living’

Finance Minister: Nirmala Sitharaman assumes charge of Finance Ministry, to ensure ‘ease of living’

Nirmala Sitharaman on Wednesday assumed charge as the Finance and Corporate Affairs Minister for the second consecutive term and is slated to soon present the final Budget for FY ’25, that is going to set the tone for the Modi 3.0 government’s priorities and direction for Viksit Bharat. Upon her reaching the North Block office, … Read more