Says Reserve Bank holding excess capital to the tune of Rs 4.5-7 trillion which could be used to recapitalise public sector banks; sides with it on PCA
The outgoing Chief Economic Advisor will always be remembered for his remarkable passion, his large imprint on policymaking and the high level of public debate he fostered
Every Indian economist who has even a shred of policy pretension aspires to this job
How much tax revenues should prosperous states be expected to transfer to the less well-off? The answer to this question is inevitably political.
CEA says MP, Maharashtra and Gujarat are on par with southern states, claims GST is integrating the country economically
Chief Economic Advisor Arvind Subramanian's presentation from the Business Standard lecture, 'If This Were The First Finance Commission'
Subramanian, who had often batted for policy rate rate reduction, said tighter monetary and fiscal policies were needed to hold the line at the time of shocks
He raised apprehensions about the handling of the rising NPAs and indicated that a lot needed to be done
In MSP increases, the distributional benefits and the macro economic consequences are directly correlated, said CEA
The biggest impact he has left on the policy and economic landscape are through his economic surveys
Chief Economic Advisor Arvind Subramanian informed me that he would like to go back to the US on account of pressing family commitments, Jaitley wrote in Facebook post
The CEA has been an enlightened voice for reform
Subramanian is the second high profile exit in less than a year after then NITI Aayog vice chairman Arvind Panagariya who had quit in August 2017
Subramanian has informed Jaitley that he would like to go back to the United States on account of pressing family commitments
He built up a strong team of both "insiders" and "outsiders" in the Economic Division of the Ministry, said Jaitley in his Facebook post
Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017
He said prices of perishables are up, while the rates of non-perishables like oilseeds and pulses are depressed
On bringing petrol and diesel under the GST, he said ideally everything should come under the new tax regime
He says the govt did not anticipate the rising global oil prices
CEA said that there was a 'big' appreciation of the rupee between January and April