Page 5 - Cea Krishnamurthy Subramanian

Eco Survey gives positive outlook for steel, oil and gas sectors: Pradhan

The Economic Survey 2019-20 points to increasing steel production and consumption and easing of crude prices, indicating positive outlook for steel and oil and gas sectors, Union minister Dharmendra Pradhan said on Friday. The Economic Survey, tabled in Parliament by Finance Minister Nirmala Sitharaman, said India produced 64.3 million tonnes (MT) of crude steel and 59.73 MT of finished steel during April-October 2019-20. The sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period, it added. In a tweet, Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan said, "#EconomicSurvey also points to increasing steel production and consumption, easing of crude prices all indicating positive outlook for steel and oil and gas sectors." The National Infrastructure Pipeline of Rs 102 lakh crore will facilitate growth, create infra for future and ease lives of common citizens, he said in ...

Economic Survey: IBC reduces resolution time to 340 days from 4.3 years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets

Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey

According to the Survey, promoters at the helm of defaulting firms pledge almost 50 per cent of their shareholding to lenders on average

Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target

For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects

Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey

Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course

Economic Survey: 5,151 smart city projects at various levels of execution

On Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme, the Survey said the scheme was launched in June, 2015 to provide "pucca" house with basic amenities to all eligible urban poor

Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA

The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21

Economic Survey: Need to address challenges in farm sector to double income

The food processing sector is growing at an average annual growth rate of more than 5 per cent over the last six years ended 2017-18, it added

Notable turnaround in mineral production due to policy reforms: Survey

The production of major minerals during 2018-19 has recorded a growth of 25 per cent over previous year in terms of value, it said

Economic survey likely to peg India's FY21 growth at 6-6.5%: Report

India faces its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter

Economic Survey 2020 to be released today; Union Budget on Saturday

The Survey, a detailed report card on the economic performance in the year, comes amid concerns over a deepening slowdown

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

Govt taking steps on raising consumption to boost growth: CEA Subramanian

Railway and road ministries will have undertaken capex of Rs 2.46 lakh crore by December 31, he said.

BPCL stake sale shows govt's change of track on disinvestment, says CEA

The CEA's views came amid questions over stake sale in profit-making PSUs

Invest in human capital to improve productivity, says CEA Subramanian

"The reforms that you see today are an articulation of a cogent vision that has private investments at its heart," Subramanian added

CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong

India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year

Economy could grow at over 6% in 2019-20: CEA Krishnamurthy Subramanian

A country like India, at the stage it is in its economic cycle, the key driver is investment, which eventually does affect consumption. And consumption is a force multiplier

Govt to take more steps to boost consumer demand, growth: CEA Subramanian

"In the short-run, we are taking steps to increase consumption so that anticipating that consumption, investment also goes up," he said

Corporate tax reduction signals intent for reform, says CEA Subramanian

He also said GST tax collection varies with the nominal rate of GDP in the economy and there has been some slowdown in it

Govt bailouts a moral hazard, says CEA Krishnamurthy Subramanian

Calls for a fiscal boost from the government for sectors like automobiles have been growing in the past few weeks after the budget from Nirmala Sitharaman failed to provide support