CEA asks govt to end forbearance window for borrowers, pitches for setup of 'bad bank' to deal with NPAs
A bad bank is a financial institution that takes over bad assets of lenders and undertakes resolution. Lenders have been making a case for a bad bank to ease pressure of bad loans in these difficult times
IndiaBulls Housing Finance said the misinformation campaign on Indiabulls Housing Finance is being orchestrated by the blackmailing and extortion gang who the company has been dealing with for past one year.
Market mayhem: Govt, RBI to take all necessary steps to quell 'fear sentiment' around coronavirus, says CEA KV Subramanian
The government and the RBI will take all necessary steps to quell the "fear sentiment" created due to coronavirus, Chief Economic Advisor Krishnamurthy Subramanian said on Friday
Economic Survey likely to forecast 2020/21 growth at 6-6.5%, CEA K Subramanian to officially announce details today: Report
The Economic Survey by chief economic adviser (CEA) Krishnamurthy Subramanian will be officially announced later in the day and the government will present its Budget on Saturday.
Ex-RBI governor Raghuram Rajan says India in midst of a 'growth recession with signs of deep malaise'
Former Reserve Bank of India governor Raghuram Rajan said India is in the midst of a "growth recession" with signs of deep malaise in the Indian economy that is being run through extreme centralisation of power in Prime Minister's Office and powerless ministers.
Chief Economic Adviser KV Subramanian on Friday said that the government recognised the need to cut the corporate tax to boost investments
Falling GDP, collapsing wholesale prices: Is Indian economy heading to its worst show in September quarter since 2008 global financial crisis?
Indian economy had a shocker when the GDP growth slowed to a 6-year low of 5% in the April-June quarter. Even after that, there is no recovery in sight.
Nirmala Sitharaman's criticism of Manmohan Singh, Raghuram Rajan: Finance minister is right in tracing roots of NPA mess to UPA era
Responding to Sitharaman’s statement, Congress spokesperson Sanjay Jha tweeted suggesting that it is incorrect to blame the UPA for the mess.
Investment key to India becoming $5-trillion economy in five years, dip in GDP a matter of concern: CEA Krishnamurthy Subramanian
Subramanian said he has identified three engines to promote investment – land reform, labour reform, and power.
Energy firms not facing any challenge to secure funding, India may get $75 bn investment in gas infra: Dharmendra Pradhan
Recently, Andhra Pradesh has asked state-run power giant NTPC and Solar Energy Corporation of India for lowering the tariff of power supplied from some solar projects.
Climate Equity Act rallies for fairly assessing climate vulnerable communities in the climate crisis
The draft also sets a foundation for the Green New Deal, a policy plan to achieve net-zero emissions in 10 years.
Why Kaushik Basu’s assessment on GDP debate and his prescription to cure economic slump are confusing
Subramanian, after analysing 17 major economic indicators, also said that the weakness seen in the economy after 2011-12 didn’t correlate with the high GDP numbers reported under the new series.
Arvind Subramanian criticises RBI over regulatory failures, says central bank's reports never mentioned possible IL&FS crisis
The cash-strapped IL&FS group is sitting on a debt of about Rs 94,000 crore.
India's GDP growth rate between this period should be about 4.5 percent instead of the official estimate of close to 7%, he said in a research paper published at Harvard University.
The Economic Survey is an annual document that reviews the developments in the economy over the previous 12 months
The vision for electric mobility highlighted in Economic Survey is encouraging for electric vehicle (EV) makers and will clear doubts amongst fence sitters and motivate them to come up with new energy products, according to industry players
Economic Survey 2019 says airports, monuments, trains, roads could be named after highest taxpayers over decade
To improve tax compliance, the Economic Survey 2018-19 on Thursday suggested that the government could consider giving top-10 taxpayers in each district recognition by way of "diplomatic"-type privileges at the immigration counter, express boarding at airports, and even naming of roads, buildings and schools
Economic Survey 2018-19: CEA rejects Arvind Subramanian's claims, says hard to create wrong narrative
Chief Economic Adviser K Subramanian on Thursday seemed to rubbish his predecessor Arvind Subramanian claim of India overestimating its growth rate, saying that it is very hard to create a narrative which is different from the truth
Economic Survey 2018-19: Investment in excess of 35% of GDP required to push growth to 8%: CEA KV Subramanian
KV Subramanian Thursday said India needs to accelerate investment in excess of 35 percent of the GDP to achieve 8 percent sustained growth
Economic Survey 2018-19: GDP growth of 7% for current fiscal a pragmatic target, says industry bodies
Industry chambers on Thursday termed the 7 percent GDP growth for 2019-20 pegged by the Economic Survey a 'pragmatic target' that pointed towards a cautious optimism about the economy on the back of investment revival and rural consumption