The emerging narrative on the Indian economy, spelt out by the Economic Survey 2017-18 and affirmed by World Bank and credit ratings agency Fitch last
Category: Economy
The fraying Gujarat model – Business Line–21.03.2018
NITI Aayog Vice-Chairman Rajiv Kumar during a visit to Gujarat recently observed that though the State’s performance on industry and infrastructure is to be lauded,
Fixed term employment: Government extends facility of fixed term employment for all sectors – The Economic Times–21.03.2018
The government has extended the facility of hiring workers on fixed term employment to all sectors for improving the ease of doing business for players
Raghuram Rajan says 7.5% growth rate is not enough to create jobs – The Economic Times–21.03.2018
On how quickly can India achieve 10% growth, Rajan said that could happen after the Lok Sabha elections next year because reforms would now be
The futility of demonetisation: Cash is back, and with a vengeance | Business Standard News–21.03.2018
In November 2016, when demonetisation of Rs 500 and Rs 1,000 were done, one of the main arguments put forward was that the move will
Rs 127-bn PNB scam and NPA crisis are contributing to banking paralysis | Business Standard Column–21.03.2018
A spectre is haunting the Indian economy today — the spectre of banking paralysis. If it lingers for too long, it could seriously undermine the
Yashwant Sinha: Demonetisation has led to tax terrorism: Yashwant Sinha – The Economic Times–20.03.2018
Dissident BJP leader and former Union finance minister Yashwant Sinha today said demonetisation had led to “tax terrorism” and likened Prime Minister Narendra Modi to
Narendra Modi: India’s net exports not doing well: Bibek Debroy – The Economic Times–20.03.2018
India’s net exports are not doing well even as the global economy is on the recovery path, Bibek Debroy, the head of Economic Advisory Council
Exchange rate not just the RBI’s baby–Economic Times–20.03.2018
India’s exchange rate is a stumbling block in rapid export growth and the country will miss out on the opportunity to cash in on the
Not a Happy New Year: Unemployment rate continues to remain elevated | Business Standard Column–20.03.2018
The unemployment rate continues to remain elevated. During the week ended March 18, it was 6.8 per cent. This was a tad lower than the
A mixed picture: Sustained economic recovery is still uncertain | Business Standard Editorials–19.03.2018
It was a double bonanza for the Indian economy early last week, as two key macroeconomic indicators suggested a turnaround. The data showed that industrial
Economy+Budget–+ PNB scam fallout: Probably some PSBs no longer need to exist, says Debroy | Business Standard News–19.03.2018—–*****
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to
Across the aisle: A message loud and clear | The Indian Express–19.03.2018
Two apparently unconnected events happened on Wednesday, March 14, 2018. All demands for grants were ‘guillotined’ (i.e. moneys were allocated without a debate) and the
What is fiscal deficit and how is it bridged by government? – The Financial Express–18.03.2018
Finance Minister Arun Jaitley revised the fiscal deficit target to 3.3 percent for FY19 of the GDP against 3 percent target set earlier after breaching
India story could end with mass unemployment – warns Nobel-winner Paul Krugman –The Economic Times–17.03.2018—–*****
Krugman said India’s growth story was incredible but it never got the attention it deserved because China hogged the world’s attention. Paul Krugman, the American
Higher CAD puts India at risk from volatile FII flows – The Financial Express–17.03.2018
Thanks to decent FDI and portfolio flows into the bond markets, the capital account surplus so far has been robust. Although the capital account surplus
Who will buy the Rs 4.6 trillion bonds? Market bets on banks’ return | Business Standard News–17.03.2018—–*****
With banks staying out of the bond market, fearing rising mark-to-market losses, and foreign investors exhausting their investment limit, the question is who will buy
RBI needs to work with govt to take action against PSBs, says Rangarajan | Business Standard News–17.03.2018—–*****
C Rangarajan, former head of the country’s Reserve bank (RBI) says the regulator does have formal supervisory powers over government-owned lenders but also needs to
Bond not the Best- Business News–Business Today–17.03.2018—–*****
Rising bond yields and the resulting treasury losses are telling on profitability of banks. Yield on the benchmark 10-year government securities (G-sec) surged 67 basis
current account deficit: Current Account deficit widens to 2% of GDP on higher oil import bill – The Economic Times–17.03.2018—–*****
The trade deficit had hit a 56-month-high in the month of January before narrowing in the month of February. Current account deficit (CAD)- excess of
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