Financial institutions should not resort to coercive action for recovery of loans from farmers in case of crop failure and the government should intervene in
Category: Economy
GST impact on rates: There should be a single rate for everything, says Bibek Debroy–Financial Express–08.07.2017
Exemptions mean loss in revenue. In FY16, such concessions/incentives on excise duty had a revenue impact of Rs 2,24,940 crore. What is a good and
GST benefits will emerge shortly, says Shaktikanta Das–Business Line–08.07.2017
The benefit of Goods and Services Tax (GST) will become apparent in a couple months as manufacturers and businessmen realise the advantage of input tax
Demonetisation effect: Advance tax given by individuals in June quarter rises more than 40%–Economic Times–07.07.2017
Advance tax payments for the current financial year by individuals rose more than 40% in the June quarter from the year-earlier period. Meanwhile, the government
Jobless growth: Economists disagree over claims of jobless growth – The Economic Times–07.07.2017
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
‘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
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