Page 24 - Economy Interviews

Bilateral trade pact with UK to focus on digital, F&B, health: UKIBC CEO

The first Indian to take charge as CEO of the influential council, Jayant Krishna tells Subhayan Chakraborty many UK firms are exploring India as a large incremental base for manufacturing and R&D

Situation not as bad as it is being made out to be: Economic affairs secy

Bajaj also said the financial services secretary was examining a plan of bank recapitalisation

Economic activity reviving; GST collections good sign: CBDT chief Mody

He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

FTA or not, British firms will continue to invest in India: UKIBC CEO Heald

But transparency, predictability of policies and ease of doing business need to improve further at ground level, he says

Covid won't deter us from path of speedy GST reforms: Ajay Bhushan Pandey

While not affirming new timelines for the simplified returns forms, Pandey says invoice matching is already happening at the back-end and quarterly payments are allowed for small taxpayers.

Countries burning fossil fuel can't give sermons on climate change: Joshi

Pralhad Joshi says he will replace mines from the auction if chief ministers object but they should understand this will change the economic situation in states.

Compensation has become the biggest issue in GST: Sushil Kumar Modi

Modi tells Dilasha Seth that the proposed reforms like simplified return form and e-invoicing facility, among others, will be difficult to push through in the fourth year.

Current GST regime is riddled with problems: Manpreet Singh Badal

Punjab Finance Minister Manpreet Singh Badal pressed for a complete overhaul of the federal indirect tax regime

India is not much behind in capability, what we lack is scale: Gokaldas MD

Self-dependence should be interpreted as producing high quality goods required for Indian and global consumption in India with as much value addition as possible in the country, he said

Monetising fiscal deficit via secondary OMOs right way: Uday Kotak

If we keep subsidising or protecting businesses that are not able to compete, we have an issue. I would expect the market to be able to sort things out, says Uday Kotak

Most farmer-trader disputes may not go to the SDM level: Sanjay Agarwal

In both the ordinances, there are stringent provisions of recovery and penalty on the traders if they are at a fault, Sanjay Agarwal says

Policies should be set keeping in mind everyone is in trouble, says Gadkari

By removing the export turnover, these units will export more and the country will benefit. This will also boost employment, Nitin Gadkari said

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon

Covid-19 crisis: Adityanath says returning migrants are assets, not burden

Adityanath tells Sanjeeb Mukherjee and Archis Mohan that there is a fear that Covid-19 could spread rapidly as the lockdown is eased

We're moving to absolute consumerisation of power: Rajiv Srivastava of IEX

In a Q&A, the MD and CEO of India Energy Exchange dwells on the real time market mechanism in power trading

Lockdown will bring more focus on hydropower, fuel our expansion: NHPC CMD

NHPC has five hydropower projects with an installed capacity of 4924 MW under construction

Need to create ecosystem to help pvt companies thrive: NITI Aayog CEO

Amitabh Kant tells Dilasha Seth in an interview that the measures announced recently by Finance Minister Nirmala Sitharaman addressed both supply and demand side problems

Existing APMC laws restrict trade, competition: Ramesh Chand of NITI Aayog

He says that the APMC system did not evolve with changes in time and requirement

Cash transfer is easier on paper than in reality: Expenditure Secy

In a Q&A, T V Somanathan says govt's actions aren't driven by any fear of a ratings downgrade; what migrants needed more than cash transfers is free food, which the Centre provided

I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.