Labour Reforms

India facing 'Great Slowdown', economy headed to ICU, says former CEA Arvind Subramanian

India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath

With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand

Economy is in intensive care with no quick relief in sight; can cutting personal tax, raising GST offer a magic cure?

Arvind Subramanian's speech at Bangalore does not really highlight any new issues.

Bank credit growth lowest since October 2017, supply-demand situation may normalise by June 2020; all this and more on Moneycontrol Pro

Non-food credit, or bank loans other than to the Food Corporation of India for their crop procurement operations, is now growing at its slowest pace in two years.

Labour reforms: Govt to merge 13 central laws into single code; passage of Bill likely in Budget session

The government will push the Occupational Safety, Health and Working Conditions (OSH) Code in the Budget session of Parliament for approval, said Labour Minister Santosh Gangwar on Wednesday

IIP contracts for second consecutive month: Economy goes into a tailspin; $5 tn target is distant dream unless out-of-box measures are taken now

The signs of further weakness in the Indian economy are emerging from every high-frequency data indicator.

Viral Acharya says govt needs to undertake heavy disinvestment program, reduce its reliance on bond markets

The Indian government needs to reduce its reliance on bond markets and undertake a heavy disinvestment programme along with urgently implementing land, labour and agricultural reforms, former RBI Deputy Governor Viral Acharya said

Core sector growth shrinks 5.2% in September: With economy showing more signs of stress, Q2 GDP set to be damp squib

The core sector contributes 40% of the weight of Index of Industrial Production (IIP) hence that number for the month too is expected to take a hit.

Economic slowdown: Here are five more reforms Finance Minister Nirmala Sitharaman can look at to kick-start growth engines

There are at least five big reforms that need doing, can quickly get-off the ground, and which will have lasting positive effects on growth

Core sector growth in negative zone for first time in 4 years: Economy is slowing, but here are four ways government can arrest slowdown

There is a likelihood that there will be some revival in the consumer spending in the next two months on account of the festive season demand, which could offer some relief to the economy.