With consumer confidence at six-year low, government has few excuses left not to go in for a personal tax cut
Consumer confidence trend has been assessed through the current situation index (CSI) and the future expectations index (FEI)—both recorded a decline in September.
DBS raises real GDP forecast to 7.4% for current fiscal from 7.2% earlier on consumption and higher public spending
"The economy has recovered since the transitory shocks of demonetisation and GST rollout," DBS said in a research note adding that consumption both urban and non-farm and higher public spending is expected to lift growth.
Putting forth the rationale behind its demand "for an interest rate cut of 100 basis points", the CII said it would encourage domestic demand in sectors such as affordable housing, consumer durables and construction
It is not just an economical challenge Modi will have to face, but political as well.
In recent months, the Index of Industrial Production (IIP), has offered an inconsistent and perplexing trend with highly volatile and often contradicting numbers with the GDP figures
Andhra Pradesh Chief Minister N Chandrababu Naidu urged the Centre to relax the limit set by the Fiscal Responsibility and Budget Management (FRBM) Act.
Arun Jaitley asked the state governments to spend effectively in such a manner that there is "optimum use of resources without leakages"
Failure to adhere to the fiscal consolidation path can irk the international rating agencies and, in turn, can have adverse implications on the credit profile of the country
At a time, when India’s chances are considered bright among emerging markets, it is crucial to aid the economy with sufficient growth-propellers
The Pay Commission will boost urban consumption; if rains are generous too, the rural demand will revive.
Indian firms are, however, waiting for better returns before committing new investments
Reviving manufacturing will mean getting aggressive on economic policy and reforms – GST has to be rammed through, public sector infrastructure investments have to be fast-tracked and private sector ones facilitated on priority basis
Rajan is absolutely right in observing that the central bank’s role is limited in solving economic problems. It’s a subtle message to the Modi government
A growth revival is possible only if the Narendra Modi government walks the talk. The solution is not another RBI rate cut
The ability of the government to kick-start investments through fiscal measures, especially given the additional elbow room afforded by falling crude prices, is crucial
Coke's change in stance came after demonstrations flashed across Brazil last year at the Confederations Cup due to public anger at the high level of spending on the World Cup compared with public services.
Francois Hollande's allies dismissed on Wednesday suggestions the Socialist French president had lurched right with plans to cut public spending and the taxes on business, hailing what they called a new "social democrat" vision.
Key departments where massive spending is involved should be also subjected to external audit in addition to a CAG scrutiny, the government has suggested