Page 24 - Arup Roychoudhury

Team Sitharaman: Meet the men who are helping FM prepare Budget 2020

With economic growth at its lowest in over six years, and a long-lasting slowdown affecting demand and consumption, the FM and her men are looking to announce measures to boost growth and activity

Seeking turnaround, PM Narendra Modi likely to review ministerial work

The PMO will appraise the departments on their performance over the last six months, and will seek solutions to revive growth

India Inc wants Centre to take more steps on ease of doing business

Industry representatives asked officials to "create more freedom for industry to perform"

Do not want businesses to shut, will help revive: Sitharaman to India Inc

Addressing industry representatives, Sitharaman said India's macro-economic indicators were on a solid footing

Budget 2020: Govt likely to assume a growth rate of 6-6.5% in real GDP

It is also likely to assume a deflator of around 4 per cent. That could take the nominal GDP outlook for FY21 to around 10 per cent

Rajiv Kumar to Krishnamurthy Subramanian: The team behind FM's Budget 2020

A 1984 batch officer from the Jharkhand cadre, Kumar is known as the driving force behind the spate of mergers of state-owned banks

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

Economists tell FM to focus on reviving economic growth, not fiscal targets

The economists present also spoke about the need to rescue NBFCs

3 killed in police firing as protests against citizenship law sweep country

Reports of violence also came from BJP-ruled Karnataka and Gujarat, and Trinamool Congress-ruled West Bengal

We're killing telecom industry, need Trai intervention: Sunil Mittal

Industrialists talk ease of doing business; trade bodies stress on minimum wages, I-T ceiling

Fiscal deficit for April-November likely stood at 107% of FY20 target

For the deficit to be 3.3 per cent of GDP, it assumes a nominal GDP growth of 12 per cent in FY20

The luck factor: How FM Nirmala stacks up against her predecessors

While her present situation may not be that good, her predecessors had their own set of issues. Business Standard gives you the lowdown on how they fared when the chips were down

Will downgrade rating if Indian economy doesn't show recovery: S&P

S&P said India's fiscal metrics, including its fiscal deficit, annual change in net general government indebtedness, and net government debt stock, were weak

Fiscal deficit may slip to 3.5-3.8% in FY20; govt set to miss 3.3% target

The FRBM Act, after its amendment in 2018, allows a fiscal deficit slippage of not more than 0.5% for any given year, provided there are justifications

GST must go back to drawing board; rates need to be simplified: N K Singh

The official said that GST needed to be revenue neutral and that the GST Council needed to move from multiplicity of rates to one standard rate.

Cabinet approves extension to 15th Finance Commission for one year

The cabinet decision means the Commission will recommend its award to six fiscal years, instead of the usual five

Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020

Note suggests liquidity support, govt guarantee for securities issued by SPVs

There is economic slowdown, but no signs of recession: FM Sitharaman

The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year

Why finance panel may ask the govt to overhaul, reduce central schemes

Centrally sponsored schemes are funded by Centre and states combined, as opposed to central sector schemes which are funded wholly by the Centre

15th Finance Commission may submit interim report to President on Saturday

Report expected to recommend devolution for FY21