Shift course now

With Pranab Mukherjee bound for Raisina Hill, a newfound determination appears to have gripped the Prime Minister's Office to effect a turnaround of the country's economy. Within days of Mukherjee's exit, Manmohan Singh, taking charge as interim finance minister, has signalled a policy shift to boost growth and reverse sagging sentiments. In a show of intent, the PM met his top economic advisers and also sought a review of two contentious items on Mukherjee's last budget - changes to the retrospective tax laws and the proposed General Anti-Avoidance Rules - that had spooked businesses and investors.

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