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
Category: Economy
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
New exim regime–Business Line–28.06.2017
How to conduct export and import business Exporters will benefit from the subsuming of 17 central and state taxes in the GST and a comprehensive
Demonetisation has cost us a lot–Business Standard–28.06.2017
Demonetisation, or DeMo, is back in the news. And, it’s not good news. In articles written for this paper ( December 7 and 26, 2016),
Demonetisation: Former RBI governor YV Reddy says objective seemed far beyond currency notes–Financial Express–28.06.2017
Former Reserve Bank of India governor Yaga Venugopal Reddy has always been known for his clarity of thought and for plain speaking. A stickler for
‘Inflation targeting’ can’t work in India: Former RBI governor Bimal Jalan–Economic Times–28.06.2017
Former RBI Governor Bimal Jalan today said that ‘inflation targeting’ cannot work in India as prices depend on a range of factors like monsoon and
Is WPI useful in India anymore?–Business Line–27.06.2017
Using just wholesale price index as deflator could distort real GDP. Price indices for all inputs and outputs would work better Prior to the introduction
Trump warns Modi, India must reduce obstacles to US exports–Financial Express–27.06.2017
Trump’s “America First” slogan echoes Modi’s own “Make in India” campaign. Modi said his economic plan and Trump’s “Make America Great Again” stance “will add
How the pharma growth story fizzled out
Pharmaceutical exports were supposed to be the next big thing for India, after the global success of its information technology (IT) industry. But, it seems
Huge haircut needed on largest NPAs, says CRISIL
Rating agency CRISIL said the banks in question would need to find an extra Rs 40,000 crore as bad loan provisioning for the 12 big-size
Financial year likely to be changed from 2018; Budget in November?–Economic Times–27.06.2017
Come 2018 and the financial year in India could commence from January instead of April as the Centre appears set to make the historic transition
Record low credit growth: 1,000 companies borrowed Rs 1 trillion less in FY17
The record low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed corporates which saw their net loan
US exports to India support 2,60,000 jobs in America: Report – The Economic Times–27.06.2017
American exports to India support more than 2,60,000 jobs directly and indirectly in the US and the cumulative investment from the country into India reached
Repo rate: Data show no guarantee that by merely lowering rates, credit growth will pick up–Financial Express–26.06.2017
Bank credit growth and repo rate data show there is no assurance that by merely lowering rates, growth in credit will pick up. An issue
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