Ex-World Bank economist says RBI's proposal to allow businesses into banking is 'good-looking' step in 'bad direction'
Kaushik Basu added that there is a good reason that all successful economies have a clear line between industries and corporations on one hand, and banks and lending organisations on the other
Nirmala Sitharaman's COVID-19 package invites social criticism, but she may have more cards up her sleeves
Nirmala Sitharaman's advisers have been speaking of why fiscal prudence is important to avoid India being downgraded from investment grade by global credit rating agencies
Firstpost Editor's Picks: Lok Sabha passes amended UAPA Bill, Karnataka political crisis, GDP debate; today's must-read stories
Firstpost Editor's Picks: Lok Sabha passes amended UAPA Bill, Karnataka political crisis and the possibilities concerning government formation in the state, GDP debate; today's must-read stories
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.
The central bank should be left alone with complete autonomy, he added. The RBI's monetary policy review is slated in February.
Slowing GDP growth cause for concern; distress 'very much visible in agriculture sector': Kaushik Basu
Basu said India's gross domestic product (GDP) growth rate has "slowed down" in recent times as "distress was being witnessed" in some sectors
Decision on excess reserves should rest with RBI alone, to take away it's autonomy poses risk to economy: Former CEA Kaushik Basu
The final decision on transferring a part of the excess reserves to the government has to be that of the Reserve Bank (RBI) alone and any attempt to take away its autonomy could pose a risk to the economy, warns former chief economic advisor Kaushik Basu.
Former CEA Kaushik Basu says lynchings and 'divisive policies' hurting India's goal of becoming economic superpower
Former chief economic advisor Kaushik Basu said a spate of lynchings and divisive policies are hurting India's image and warned the country's political leaders that the negative publicity could hinder its goal of becoming an economic superpower, according to several media reports.
The widening current account deficit and higher interest rates have made the rupee the worst among its Asian peers so far this year.
Twitter accounts belonging to Anupam Kher and several politicians were hacked by a pro-Pakistan hacker collective
Twitter accounts belonging to various prominent Twitter users in India were hacked by a Turkish group calling itself the “Turkish Cyber Army Ayyildiz Tim”.
Supporting the CBFC's decision to red flag director Suman Ghosh's documentary on Nobel laureate Amartya Sen, West Bengal BJP president Dilip Ghosh said the board had the power to pass a movie or stall it
Apart from the present political turmoil, the industry has faced challenges in the first flush period in March as well.
Amartya Sen: A Life Reexamined, the documentary on Nobel laureate Amartya Sen will be screened at the London Indian Film Festival this year.
"The economists living abroad base their understanding essentially on reading English newspapers," Bibek Debroy told PTI
Basu said the government must invest more on health and education and design better delivery so that these benefits reach everybody
Two government sources with direct knowledge of the matter also said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept. 4.
The present bribery laws are a farce. They actually encourage and nurture bribery. They do not prevent such incidents. A change in law could benefit common citizens. It would also prevent defence deals from being scuttled just because someone does not want to push the bribe-taker
Stating that India increased access and reduced public corruption through the Aadhaar scheme, the World Bank says digital technologies can promote inclusion, efficiency, and innovation.
A World Bank report yesterday ranked India at 130 out of 189 country on the ease of doing business, up 12 places from 142nd rank last year.
World Bank's study of remittance, the money workers and professionals working in foreign lands send back to their native countries, attributed this mainly to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble.