Pmeac

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Pmeac - Total results - 52
Budget 2020 needs a Fiscal Operation Twist to balance short-term growth revival with long-term disicipline
Business

Budget 2020 needs a Fiscal Operation Twist to balance short-term growth revival with long-term disicipline

A Fiscal Operation Twist may be a formula to get there with enhanced spending in some areas and a clear will to tighten the belt elsewhere.

Falling GDP, collapsing wholesale prices: Is Indian economy heading to its worst show in September quarter since 2008 global financial crisis?
Business

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.

Moody's message to Narendra Modi govt: Focus on land and labour reforms, regain trust of private investors
Business

Moody's message to Narendra Modi govt: Focus on land and labour reforms, regain trust of private investors

Moody's has acknowledged the measures the government has announced so far to boost the economy but has cautioned that these steps may not be enough to reverse the course of the slowdown.

PMEAC Chairman Bibek Debroy’s warning on economic slowdown shows govt’s top advisors aren’t living in denial any longer
Business

PMEAC Chairman Bibek Debroy’s warning on economic slowdown shows govt’s top advisors aren’t living in denial any longer

The PMEAC chairman’s warnings and prescriptions should be an eye-opener to the government in the present economic scenario

GDP falls to 5%: Urgent economic reforms needed, but Centre's attention fixed on Ayodhya, Assam and Kashmir
India

GDP falls to 5%: Urgent economic reforms needed, but Centre's attention fixed on Ayodhya, Assam and Kashmir

Unless very high growth is revived, India’s journey towards eliminating poverty and dependence will halt.

GDP growth slips to 5%: There may be more bad news coming before things get better; economy must be sole focus now
Business

GDP growth slips to 5%: There may be more bad news coming before things get better; economy must be sole focus now

India could have been on a stronger wicket if the first Narendra Modi government had not missed several opportunities to strengthen the economy (this is not to take away from the few reforms it did undertake).

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds; concerns raised by experts
Business

PMO asks FinMin to conduct detailed study on issuance of overseas sovereign bonds; concerns raised by experts

The PMO has asked the Finance Ministry to examine the concerns raised by formers RBI governors and deputy governors on the issuance of such bonds

Economic slowdown: Why there will be no honeymoon period, no scope for window dressing for India’s next government
Business

Economic slowdown: Why there will be no honeymoon period, no scope for window dressing for India’s next government

Slowing vehicle sales, muted consumer spending, low retail loan outflow and struggling factory output are indicating a worrying trend of an economic slowdown in Asia’s third-largest economy.

PMEAC member Rathin Roy's claim of consumption boom petering out is out of sync with economic momentum on ground
Business

PMEAC member Rathin Roy's claim of consumption boom petering out is out of sync with economic momentum on ground

Besides Make in India, the road to a 10 percent GDP growth for the country is being driven by the ongoing revolution in communications

Narendra Modi’s Economic Advisory Council member predicts 'middle income trap' in economy: How will you be impacted?
Business

Narendra Modi’s Economic Advisory Council member predicts 'middle income trap' in economy: How will you be impacted?

This prediction, by a member of the government’s top think-tank, has added to the fears that a prolonged slowdown is likely to grip the economy.

Replacing NITI Aayog with Planning Commission will not serve any purpose, both add very little value
Business

Replacing NITI Aayog with Planning Commission will not serve any purpose, both add very little value

If one looks at the web site of the NITI Aayog and counts the number in the directory, it is well over 500 with various classes of employees including support staff.

Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air
Business

Jobs numbers: Govt is fighting a big trust deficit on data credibility; budget was a missed opportunity to clear the air

A range of data releases including labour bureau survey numbers, CMIE numbers and ground level indicators also have been pointing out a major problems in job generation in the economy.

Viral Acharya is right; RBI should be left alone to do its job, not coerced for political reasons
Business

Viral Acharya is right; RBI should be left alone to do its job, not coerced for political reasons

The central bank is not a part of the government and is agnostic to political agendas but has to function within the realm of the government.

CEA recruitment row: Flexibility in required qualifications reveals rising redundancy of role; expect a lightweight to fill position
India

CEA recruitment row: Flexibility in required qualifications reveals rising redundancy of role; expect a lightweight to fill position

A dispassionate view of the role and responsibilities of the CEA shows that the role of an economic advisor is increasingly becoming redundant with the creation of the PMO, PMEAC and now NITI Aayog

GDP growth estimate at 4-year low of 6.5% mirrors fragile economy; it is eye-opener for Modi govt
Business

GDP growth estimate at 4-year low of 6.5% mirrors fragile economy; it is eye-opener for Modi govt

Fresh investments are the key to employment growth and that has to be the Modi government’s top priority now.

Ahead of RBI policy, Surjit Bhalla wants MPC to cut rate by 200 bps, says central bank shouldn't be carried away by 6.3% GDP
Business

Ahead of RBI policy, Surjit Bhalla wants MPC to cut rate by 200 bps, says central bank shouldn't be carried away by 6.3% GDP

The RBI MPC’s reluctance to cut rate means that no businesses can survive as the cost of working capital is high and no entrepreneur will be willing to hire new people, Surjit Bhalla said.

Is economic slowdown bottoming out? Vehicle sales, traffic at sea ports and airports rise
Business

Is economic slowdown bottoming out? Vehicle sales, traffic at sea ports and airports rise

Some analysts believe at least four to six months of sustained sales/traffic growth in vehicles, port and airport traffic is needed for a firm trend to emerge

PMEAC's economy revival strategy: Why Narendra Modi shouldn’t shy away from fiscal stimulus
Business

PMEAC's economy revival strategy: Why Narendra Modi shouldn’t shy away from fiscal stimulus

What the economy urgently needs is solutions to come out of the slowdown phase. Among them, demand revival is key

State of the Economy: Growth could have been 1% higher without note ban, GST, says economist Madan Sabnavis
Business

State of the Economy: Growth could have been 1% higher without note ban, GST, says economist Madan Sabnavis

Not all is bad with the economy. Certain key indicators such as fiscal deficit and inflation are strong, says Madan Sabnavis

PM's Economic Advisory Council tells govt: Stick to fiscal consolidation road map
Business

PM's Economic Advisory Council tells govt: Stick to fiscal consolidation road map

The Council, which met for the first time on Wednesday, has identified ten themes, including economic growth and job creations, that need attention