Chief Economic Adviser

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Cryptocurrencies are like 'a world of Caribbean pirates' in absence of regulation: Chief Economic Adviser
Business

Cryptocurrencies are like 'a world of Caribbean pirates' in absence of regulation: Chief Economic Adviser

The Reserve Bank, which is planning to launch its own central bank digital currency, has on many occasions expressed its reservation over private cryptocurrencies, citing concerns over macroeconomic stability

India in better place than many other nations, don't see prospect of recession: CEA
Business

India in better place than many other nations, don't see prospect of recession: CEA

As far as India is concerned, I do not see the prospect of recession as defined in the west, in the US, or even as understood in context of developing countries, the CEA said

Government invites applications for chief economic adviser post
India

Government invites applications for chief economic adviser post

Candidates from recognised universities or recognised research institutions or central regulatory bodies and registered private institutions or financial institutions are eligible, it said.

Chief Economic Adviser KV Subramanian steps down after three-year tenure, will return to academics
India

Chief Economic Adviser KV Subramanian steps down after three-year tenure, will return to academics

The government had appointed Subramanian, a ISB Hyderabad professor, as the CEA in December 2018. He had succeeded Arvind Subramanaian

CEA asks govt to end forbearance window for borrowers, pitches for setup of 'bad bank' to deal with NPAs
Business

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

India likely to have current account surplus this fiscal, says CEA Subramanian
Business

India likely to have current account surplus this fiscal, says CEA Subramanian

India identified the nature of the coronavirus crisis and treated it differently from other economic crises of the past, he noted while addressing a virtual conference organised by industry body CII

Cut in corporate tax rate was needed to spur investments, boost growth, says CEA KV Subramanian
Business

Cut in corporate tax rate was needed to spur investments, boost growth, says CEA KV Subramanian

Chief Economic Adviser KV Subramanian on Friday said that the government recognised the need to cut the corporate tax to boost investments

Growth slowdown due to local, global factors; govt taking steps to revive economy: CEA KV Subramanian
Business

Growth slowdown due to local, global factors; govt taking steps to revive economy: CEA KV Subramanian

Attributing the slowdown in GDP growth to domestic and global factors, Chief Economic Adviser KV Subramanian on Friday said the government is taking various steps to boost economic expansion

Union Budget 2019 PDF: Full text of Nirmala Sitharaman's maiden Budget speech in Parliament; download here
Business

Union Budget 2019 PDF: Full text of Nirmala Sitharaman's maiden Budget speech in Parliament; download here

Union Finance Minister Nirmala Sitharaman presented her maiden Budget speech in Parliament on Friday. She started by thanking the voters for re-electing the Narendra Modi-led NDA government, while adding that India has stamped its approval on a performing government as BJP worked to empower the citizens, following the motto of Mazboot Bharat ke liye Mazboot Nagarik.

Economic Survey 2018-19: Vision for electric mobility encouraging for EV makers, says industry body
Business

Economic Survey 2018-19: Vision for electric mobility encouraging for EV makers, says industry body

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
Business

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 2019 says India needs to raise retirement age as country set to witness sharp slowdown in population growth
Business

Economic Survey 2019 says India needs to raise retirement age as country set to witness sharp slowdown in population growth

Sounding a note of caution, the Economic Survey Thursday said India is set to witness a sharp slowdown in population growth over the next two decades

Economic Survey 2018-19: CEA rejects Arvind Subramanian's claims, says hard to create wrong narrative
Business

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
Business

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
Business

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

Economic Survey 2018-19: Govt may further ease FDI norms to bridge current account deficit
Business

Economic Survey 2018-19: Govt may further ease FDI norms to bridge current account deficit

The government is expected to further ease the foreign direct investment (FDI) norms with a view to bridge the widening current account deficit (CAD), according to the Economic Survey 2018-19

Economic Survey 2018-19: Gross tax to GDP ratio dips to 10.9% in FY19 on shortfall in indirect tax revenues
Business

Economic Survey 2018-19: Gross tax to GDP ratio dips to 10.9% in FY19 on shortfall in indirect tax revenues

The gross tax to GDP ratio declined to 10.9 percent in 2018-19 as indirect tax revenues fell short of budget estimates by about 16 percent, due to shortfall in Goods and Services Tax (GST) mop up, the Economic Survey said

India's GDP growth overestimated by 2.5% between 2011-12 and 2016-17: Former chief economic adviser Arvind Subramanian
Business

India's GDP growth overestimated by 2.5% between 2011-12 and 2016-17: Former chief economic adviser Arvind Subramanian

India's GDP growth rate between this period should be about 4.5 percent instead of the official estimate of close to 7 percent, Arvind Subramanian said

CEA Krishnamurthy Subramanian says need to focus on meaningful employment; there is misinformation regarding jobs data
Business

CEA Krishnamurthy Subramanian says need to focus on meaningful employment; there is misinformation regarding jobs data

Subramanian said that the gross capital formation has now picked up adding that an effect of investment on growth is often felt with a lag

Govt appoints ISB professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years
Business

Govt appoints ISB professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years

The post of CEA had been lying vacant since Arvind Subramanian left the finance ministry after a four-year stint earlier this year.