Narendra Modi likely to rejig Cabinet; Arun Jaitley may move to defence

Prime Minister Narendra Modi may look to press the reset button on his leadership this spring to reinvigorate stalled economic reforms and appease critics, eyeing a mix of tried and tested allies and fresh blood, senior government sources said. The government has overseen rapid economic growth but failed on tax and land reforms, and the euphoria that met Modi’s 2014 election triumph has given way to investor disillusionment; stocks have

Government allows 100% FDI in telecom

Amid concerns over a weakening rupee, dwindling capital inflows and a widening current account deficit, the country on Tuesday moved a step closer to overhauling its foreign direct investment (FDI) policy as it lifted caps for the telecom sector and asset reconstruction firms, besides tweaking norms for 13 sectors. The limit for defence production companies was also virtually raised to 100 per cent, subject to approval from the Cabinet Committee