Chief Economic Advisor has a freewheeling lunch with Rahul Jacob over food from a North Block dhaba
FRBM panel disagrees with CEA, a fellow member, on why and how to address deficits
CSO had also retained the growth projection for the 2016-17 at 7.1%
Said issue of growing economic disparity between the haves and the have-nots cannot be brushed asid
Infrastructure projects needs to look at other forms of financing, rather than from the banks, and the public sector banks should have better governance in future, said Arvind Subramanian, Chief Economic Adviser, Government of India. He was commenting on the concerns on the Non Performing Assets (NPA) level in public sector bank compared to lower NPAs in the private banks.Speaking to the students of various institutions after delivering a talk on 'Economic Survey 2016-17: How India Surprises' at Indian Institute of Technology, Madras, he said that the anti profiteering clause under the Goods and Services Tax (GST) regime would ensure that the trade and industry pass over the tax reduction benefits to the customers, and the tax hikes are not passed over to a higher level. Commenting on the bank NPAs, he added, "In future, we could either consolidate the banks or we could at some stage even have more private sector ownership of the banks and less public sector ownership."When analysing .
GDP growth for the October-December period came in at 7.0 percent
As CEA, he came up with ideas like bad bank, Jan Dhan-Aadhaar-Mobile, universal basic income
Nobody was able to predict magnitude of UP election, just as Brexit vote or US election: CEA
He called 2016 as a watershed year for advanced economies
He adds Air India's performance has improved with competition posed by private players
He said there is a need to find ways to expedite the process of taking and implementing decisions.
He has proposed setting up a public asset rehabilitation agency to fix the balance sheets
Subramanian was speaking on Facebook Live, on the finance ministry's official page
S&P had in Nov ruled out an upgrade in the country's rating, citing its high fiscal deficit
He further said that the mood at the GST Council meeting was 'very good' and rate structure was decided on the basis on unanimity
Obscene comments posted on the site by unidentified hackers
Subramanian is Assistant Director in the Research Department of the International Monetary Fund
Interview with Chief Economic Advisor
Interview with Chief Economic Advisor
The report will include the level of MSP, kind of procurement it needs and the implications of this on other crops