There was a consensus, members said after the meeting, that there is a slowdown, and the Economic Advisory Council to the Prime Minister will work to find its causes.
Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.
A recent hike in house rent allowances for government employees, coupled with staggered price hikes by firms adjusting to GST, may have contributed to price rises.
The three companies had earlier offered to sell a 51% stake in their plants for Re 1 to the Gujarat State Electricity Board.
Overcoming the problems of GST obstacles, a strong rupee and various trade facilitation needs will help our MSMEs occupy the space being vacated by China and other southeast Asian countries.
The total stressed loans of the banks – including non-performing and restructured or rolled over loans – rose 4.5% in the six months to end-June.
The Modi government could have drawn upon behavioural economics to curb the use of cash in India without enacting demonetisation and its accompanying disruptions.
The ambitious programme was launched in 2015 by the then railways minister Suresh Prabhu with a finalised PPP model approved by the cabinet after prolonged deliberations with stakeholders.
Despite the well-documented adverse effects of demonetisation, Modi government’s continued support for it reflects the arrogance of the behavioural ideology that thrives in its sense of certainty, far removed from the struggles of everyday people.
Small and medium sized businesses across the country report tumbling sales, undermining job creation and damaging sentiment in industries crucial to Modi’s political powerbase.
“In total, Thaler’s contributions have built a bridge between the economic and psychological analyses of individual decision-making,” the award-giving body said.
An RBI survey found that 40.7% of people in metropolitan areas think the economic situation has worsened, up from 25.3% in the same period last year.
The Life of Labour: 65% of Indian IT workers ‘Not Trainable’, Sustained Unemployment Threatens Economy
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In order to put the economy on a trajectory of sustained growth, what we need is a large fiscal stimulus package.
The accountant-cum-ideologue is believed to have played a key role in many of Narendra Modi’s economic policies, such as demonetisation.
Changes to GST rates may open a Pandora’s box, while the jewelry-PAN decision sees the government walking away from its fight against black money.
“Compliance burden of medium and small taxpayers in GST is being reduced,” finance minister Arun Jaitley said.
Land owners as well as builders have been affected by the Jaipur Development Authority’s botched up housing project.
The companies are among the over two lakh struck off from the Register of Companies by the government last month.
The expert committee had been constituted in 2015 after the Supreme Court struck down Section 66A of the IT Act for being used arbitrarily and hampering free speech.
According to the railways minister, the reduction in jobs just shows that more and more young people want to be entrepreneurs.
Mukesh Ambani, who has topped the Forbes’ annual list of India’s richest 100 for the tenth year, saw his net worth go up by 67%.
Over the last decade, Bangladesh and Vietnam have eaten India’s lunch when it comes to everything, from apparels to furniture.
Quarterly filing and higher turnover limits need to be intertwined to stop the GST from becoming a car-wreck for the country’s SMEs.
Vinod Dua discusses Arun Shourie’s comments on demonetisation and why the Taj Mahal was dropped from the tourism booklet issued by the UP government.
After two women collapsed during the protest, state authorities agreed to meet with farmers’ leaders for talks.
The Indian government seems to have fallen for the Big Business’ agenda of using electric cars even as climate change is accelerating.
Solutions involve either an immediate fiscal or monetary stabilisation policy, or pushing through further supply-side structural reforms.
Dozens of farmers had gathered outside the collectorate in Bundelkhand’s Tikamgarh district to present a list of demands to the district administration.
“Policies that ought to be implemented, and ought to implemented well, like GST, are being completely fumbled,” Shourie also said in an interview to NDTV.
The RBI also kept the reverse repo rate unchanged at 5.75%.
In a note to the PMO, external affairs and labour ministries, and the NSA, the IB said the report could potentially harm India’s image.
Vinod Dua discusses the latest data on rising unemployment in India and the government’s confusing signals on Aadhaar.
The 5.7% figure, based largely on data from the corporate sector, does not capture the almost one-third of the economy hit by demonetisation and GST.
In both old and new sectors of the economy, lay offs and workforce reductions have been common since 2016.
The World Bank’s estimate that Aadhaar has the potential to save $11 billion in subsidies every year has repeatedly been used by the Cente to justify the programme. But does this figure hold up under close scrutiny?
The Modernisation of Police Forces (MPF) scheme, recently approved by the Cabinet Committee on Security, has no mention of the men and women who form the police force.
A group of farmers have turned a shunned wetland into a fish farming, agroforestry and horticulture practice, generating employment for local residents.
Data privacy will benefit digital India, but if and when a new privacy and data protection law is enacted, the question is, how well it will be enforced.
While remaining focused on initiatives to improve ease of doing business and interventions such as demonetisation, the government has lagged behind in building physical and social infrastructure.