Crude is a headwind for India. The global growth impact is a minor relative to the direct effect of crude on India. I worry that
Day: January 25, 2018
Budget 2018: Why fiscal deficit is such a demon for Jaitley as he writes his Budget – The Economic Times–25.01.2018
By Aurobindo Das & Nishant Kumar Come Budget, and any talk about the fiscal deficit number tends to get touchy. So much so that you
bank recapitalisation: Your money is safe with us, says govt as it spells out new banking roadmap – The Economic Times–25.01.2018
The government today said it will infuse an unprecedented Rs 88,139 crore capital in 20 public sector banks (PSBs) before March 31 to boost lending
Welcome move to recapitalise banks–Economic Times–25.01.2018
It is welcome that the government is finally moving fast on recapitalising and reforming the public sector banks. According to the RBI’s Financial Stability Report
Raghuram Rajan endorses GST, but here’s what he says must not be done – The Financial Express–25.01.2018
Raghuram Rajan, the former governor of the Reserve Bank of India, has bet big on the Goods and Services Tax (GST) implemented in July last year,
Who is paying for Jan Dhan? Govt has to pay for NPAs in this, and priority sector – The Financial Express–25.01.2018
The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme has, no doubt, allowed millions of households to access banking facilities, and it helped that it provided
India’s growth slowdown mostly due to demonetisation: Raghuram Rajan at WEF | Business Standard News–25.01.2018
Former RBI Governor Raghuram Rajan feels a substantial part of the growth slowdown in India was because of the after-effects of the demonetisation decision of
GST’s noise in fiscal numbers – Livemint–25.01.2018
That the central government’s fiscal deficit touched 112% of the full year’s budget by November has raised a lot of concerns—particularly in the bonds market.
Why not zero-rate exports? – Livemint–25.01.2018
India’s merchandise exports grew at 12% per annum for the period April to December in this fiscal year. This is a decent pace considering that
Fiscal consolidation is likely to continue – Livemint–25.01.2018
The financial year (FY) 2019 Union budget, to be announced on 1 February, is going to be critical for various reasons. It will be the
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