Chief Economic Advisor Arvind Subramanian

Chief Economic Advisor Arvind Subramanian News

Need to correct legal asymmetry in central bank's policing powers, says RBI governor Urjit Patel
Business

Need to correct legal asymmetry in central bank's policing powers, says RBI governor Urjit Patel

RBI Governor Urjit Patel, who had recently gone public with the legal limitations faced by the central bank in regulating state-owned lenders in the light of over Rs 13,000-crore scam at PNB, reiterated that there is an "asymmetry" in its powers between government and private banks

Economic Survey 2017-18 wants govt to complete Air India sale by next fiscal
Business

Economic Survey 2017-18 wants govt to complete Air India sale by next fiscal

The Economic Survey on Monday suggested that the government should complete Air India disinvestment within the next financial year

Economic Survey 2017-18: Average inflation dips to 6-year low of 3.3% in current fiscal
Business

Economic Survey 2017-18: Average inflation dips to 6-year low of 3.3% in current fiscal

The Economic Survey for 2017-18 was tabled by Finance Minister Arun Jaitley in Parliament on Monday

Narayana Murthy shares concern of CEA Arvind Subramanian over lack of reliable job data
Business

Narayana Murthy shares concern of CEA Arvind Subramanian over lack of reliable job data

Lack of reliable jobs data has thrown up big challenges before the central government to solve unemployment problem

RBI's Monetary Policy Committee meet begins; decision on rates tomorrow
Business

RBI's Monetary Policy Committee meet begins; decision on rates tomorrow

The meeting's outcome tomorrow is being keenly awaited by all stakeholders including industry and stock markets.

WPI inflation falls sharply to 0.90% in June, food prices ease
Business

WPI inflation falls sharply to 0.90% in June, food prices ease

The WPI figure is at the lowest level in at least eight months -- since the availability of data for the new 2011-12 base year series

CPI inflation at 1.54%: CEA Subramanian can make his case but a rate cut is unlikely soon
Business

CPI inflation at 1.54%: CEA Subramanian can make his case but a rate cut is unlikely soon

In the past, the MPC has shown who the boss is when it comes to deciding the course of interest rates by refusing to meet the finance ministry officials before the monetary policy decision

GST: Midnight show is great, but how about rehearsing to face job losses?
Business

GST: Midnight show is great, but how about rehearsing to face job losses?

Already, the graph of employment generation under the Narendra Modi government is on the declining course; the economy may not be able to take another round of job losses

Economic situation warrants easing of rates by RBI: CEA Arvind Subramanian insists
Business

Economic situation warrants easing of rates by RBI: CEA Arvind Subramanian insists

Talking to reporters after RBI released its statement, Subramanian said there is a plausible alternative macro-economic assessment

GST: Real estate, liquor kept out as influential people run them, says Manish Sisodia
Business

GST: Real estate, liquor kept out as influential people run them, says Manish Sisodia

Sisodia said many politicians "invest their black money" in real estate business.

Why Economic Survey 2017 doesn't have data tables – omission or oversight?
Business

Why Economic Survey 2017 doesn't have data tables – omission or oversight?

The absence of data prevents scholars and analysts from evaluating the gains or losses the economy has suffered over the years.

Chief Economic Advisor Arvind Subramanian wonders whether Air India should 'exist at all'
Business

Chief Economic Advisor Arvind Subramanian wonders whether Air India should 'exist at all'

The point is competition has actually improved Air India's performance, Subramanian said

Economic Survey has a cure for Narendra Modi govt's biggest headache - job creation
Business

Economic Survey has a cure for Narendra Modi govt's biggest headache - job creation

The Survey wants the government to focus on apparel and footwear sectors to boost job creation

Economic Survey 2017 holds a mirror to Arun Jaitley on demonetisation impact
Business

Economic Survey 2017 holds a mirror to Arun Jaitley on demonetisation impact

Highlighting the short term pain in the economy, Subramanian is holding a mirror to finance Minister Arun Jaitley, who is set to present the Union Budget on Wednesday

Economic Survey takeaways: What it really says about note ban impact, Union Budget 2017
Politics

Economic Survey takeaways: What it really says about note ban impact, Union Budget 2017

The survey is candid in pointing out that there will be a slowdown in growth this year too which will be between 25 to 50 bps lower than their baseline projection of 7%

GST tax structure to bring down inflation, says CEA Arvind Subramanian
Business

GST tax structure to bring down inflation, says CEA Arvind Subramanian

The GST Council's decision to peg the tax rate on items of mass consumption at 5 percent will bring down prices and soften inflation, Chief Economic Advisor Arvind Subramanian said today.

Announce higher MSP for pulses, speed up procurement: CEA panel
Business

Announce higher MSP for pulses, speed up procurement: CEA panel

In a bid to boost pulse output and check prices, the Chief Economic Advisor-led panel today asked the government to immediately announce higher MSP of gram (chana) to Rs 4,000 a quintal for rabi 2016 and Rs 6,000 a quintal for both urad and tur for kharif season 2017.