When Indian Prime Minister Narendra Modi took power in 2014, he leaned on three Indian academics who had predominantly worked in the United States to drive a liberal, globalized economic policy.
Ruling out a single rate GST, Chief Economic Advisor Arvind Subramanian today pitched for a three rate structure going forward as revenues stabilise.
Outgoing Chief Economic Adviser Arvind Subramanian today expressed scepticism over the handling of the mounting NPAs crisis as he praised former RBI governor Raghuram Rajan for identifying the lacuna and trying to resolve it, sources said.
There is a need to increase the percentage of irrigated land to protect the country from vulnerabilities of climate change, Chief Economic Adviser Arvind Subramanian said.
Jaitley today made his first public appearance in two months via a video conferencing when he addressed the first anniversary of implementation of GST.
NITI Aayog Vice Chairman Rajiv Kumar has said the economy would grow at least 7.5 per cent in the current fiscal and may even go as high as 7.8 per cent.
Brushing aside clamour for privatisation of state-owned lenders, BBB chief Vinod Rai said PSBs still have a role specially in the creation of infra in the country.
Having overcome the short term consequences of GST and demonetisation, India can now propel itself into a higher growth trajectory, he said.
CEA made a case for developing a clear protocol for sharing of GST data, saying it is a reflection on state's capacity and can be used to estimate GDP in a better manner.
Chief Economic Adviser Arvind Subramanian said the task force on direct tax reforms will submit its report in the next 4-5 months.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm