Subramanian has called previously for increasing the deficit, only to be rebutted by Raghuram Rajan who argues that India should keep its power dry in case the weakening world economy tips into a recession
The Economic Survey is being published by OUP and becomes available in the market almost one month after its presentation by the finance minister
Sources said the first volume will also likely include a chapter focusing on the regulatory framework for credit rating agencies
Tabling of the survey was delayed over Arvind Subramanian's strong criticism of MPC's decisions
Part-II of the official Economic Survey for 2016-17 will focus on the crash in prices of farm produce, among other topical issues, when it is presented in Parliament next week. It will contain more data and less commentary compared to the one presented on January 31. Even so, it will focus on some relevant macro economic themes -- farm sector, Monetary Policy Committee's (MPC's) inflation targeting, goods and services tax (GST), the twin balance sheet problem, urban planning reforms.The current agriculture scenario could figure prominently. Chief Economic Advisor Arvind Subramanian (who prepares the Survey) has publicly spoken of his aversion to farm loan waivers as a solution, which could find a good amount of mention in a chapter on the sector. The CEA's earlier report on rejuvenating of pulses cultivation and his non-traditional suggestions could also find mention. There has been a sharp and sudden drop in prices of many agricultural commodities, primarily vegetables and ..
New Delhi, 13 JuneThe second part of the Economic Survey for the financial year is likely to be introduced in Parliament on July 22. While it will be heavier on data than on commentary compared with the one released on January 31, Chief Economic Advisor Arvind Subramanian might give another critique of demonetisation and could continue rebuking the Reserve Bank of India's Monetary Policy Committee (MPC) for not cutting interest rates.He has been a vocal critic of the MPC's decision to hold rates, over four consecutive policy meetings. His and the finance ministry's contention is that with headline retail inflation below three per cent, and latest quarterly Gross Domestic Product (GDP) growth just above six per cent, there is no better time for a rate cut. "The CEA's views on rates are well known. There will be some detailed commentary on inflation modelling, economic growth, infrastructure lending and consumption, and how all this leads to an immediate need for a rate cut," said an ...
Survey findings clearly resonates an intent to be different in terms of the approach and findings
The Economic Survey 2016-17 underscores the need to re-establish private investment and exports
Upsurge in protectionism, affecting India's exports, is a matter of concern, says Sunil Kanoria
It has recommended reforms in labour and tax policies to make these two sectors globally competitive
Follow up demonetisation by bringing land and real estate into the GST, suggests the survey
Demonetisation bites: 2016-17 GDP growth pegged at 6.5-6.75%
Economic Survey: Chief Economic Advisor Arvind Subramanian writes exclusively for BS
India has significantly reduced the number of public sector undertakings by privatisation
If Trend of disintermediation continues, it will leave much of the "tax" burden on MSMEs
GDP growth pegged at 6.75-7.5 per cent in 2017-18
In 2016-17, UBI estimated at Rs 7,620 per person
The Survey blamed migration on the discouraging policies of the domicile states
The Survey calls for more privatisation in the civil aviation, banking and fertiliser sectors
The style and format of Economic Survey 2016-17 is fictional in flair and profound in substance