The government has been repeatedly brushing aside criticism that India is growing without creating jobs. Now, it has the backing of some top economists who
Category: Economy
‘Manmohan Singh’s 1991 budget was biggest reform country has seen. GST deals with just one indirect tax’–Times of India–07.07.2017
You have written about the difficulty of economic reforms in India because of a lack of political acceptability. How difficult was it to pass GST?
Paul Krugman blames note-ban, RBI & strong Re for tepid growth–Business Standard–06.07.2017
Blaming the Modi government’s note-ban, hawkish monetary policy of RBI and a strong rupee for the tepid growth, Nobel winning economist Paul Krugman on Wednesday
Investment in manufacturing key for India–Business Standard–06.07.2017
During his recent visit to the US, Prime Minister Narendra Modi met the chief executives of several American corporations, presumably to market India as an
Importing an export problem: India is becoming a high cost economy in agro-related items–Financial Express–06.07.2017
Data analysis of India’s seven select but vital agro-related items of exports reveals that there is a sharp slump—40% in their overall value—during last four
Farm loan waivers, high MSPs result from government blocking exports, other markets for farmers–Financial Express–06.07.2017
Chief economic advisor Arvind Subramanian, it appears, will be red-flagging the impact of farm loan waivers in the second volume of the Economic Survey later
Pulses mismanagement has hit traders too–Business Line –06.07.2017
This is because excess imports added to the difficulties of managing a bumper crop. Imports need better regulation Despite record harvests and record imports, the
‘Is RBI Governor responsible only for inflation?’–Business Line–06.07.2017
YV Reddy saw it all as a central banker. Unstable currency markets, the dotcom boom and bust, searing growth in the Indian economy and the
Cold-shouldered by Trump–Business Line–06.07.2017
Prime Minister Narendra Modi’s recent visit to the US has done precious little to soften the Trump government’s hard posture on the trade front with
Cash is back–Business Standard–05.07.2017
A day after launching the goods and services tax regime, Prime Minister Narendra Modi reasserted his government’s commitment to curbing black income and tax evasion.
GDP growth not as encouraging as it seems, says Rahul Bajaj–Financial Express–05.07.2017
Rahul Bajaj said in its latest advance estimate, the Central Statistical Organisation has pegged India’s real GDP growth for last financial year at 7.1 per
Bank loans to individuals: Growth hits slowdown in May–Financial Express–04.07.2017
The growth in bank loans to individuals was 13.7% year-on-year (y-o-y) in May, compared with 19.1% recorded in the same month of 2016, data released
The pros and cons of RBI rate cut
What is required is change of growth strategy, from foreign finance-led to exports & domestic growth Outside the Monetary Policy Committee (MPC) of the Reserve
Collapse of credit poses growth risk–Business Standard–03.07.2017
Collapse of credit poses growth risk Inflation targeting and Basel III norms have squeezed bank lending. Both, government and firms have reduced borrowing A major
GST impact on industry: To widen tax net, make India Inc more competitive, says CII President Shobana Kamineni–Financial Express–03.07.2017
The GST rollout will impart major competitiveness to Indian industry, incentivise exports and help expand the tax net, CII said. The implementation of the crucial
Some curb on capital account convertibility justifiable, says Former RBI Governor YV Reddy–Financial Express–03.07.2017
Former RBI Governor Y V Reddy has said as the head of the central bank, he had resisted the full capital account convertibility of rupee
Cash is still king as circulation nears pre-demonetisation level: Report–Business Standard–03.07.2017
Financial regulators seem to have acknowledged that in India, cash is king. A little over seven months after demonetisation, as on June 16, the currency
Google India eyes SMBs for growth
Google India has is expecting to cover more Small and Medium Businesses (SMBs), with its initiatives focused on education and new tools to help them
GST launch: Short, medium & long-term impact of new tax regime explained–Business Standard–01.07.2017
At the stroke of midnight on Friday, June 30, India’s goods and services tax (GST) will become official. The sixteen-year-in-the-making taxation system overhaul – which
Core sector growth up 3.6% in May from 2.8% in April on energy push–Business Standard–01.07.2017
Core sector output rose by 3.6 per cent in May, up from the 2.8 per cent rise the previous month of April. The improving pace