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Arvind Subramanian News
How can India grow faster? CEA Arvind Subramanian has to say this
Fri, Mar 30, 2018
Arvind Subramanian said policymakers need to re-evaluate whether more has to be done to deal with the NPAs of public sector banks, which have crossed the staggering level of Rs 8.5 lakh crore.
CEA Arvind Subramanian pitches for radical reforms in banking sector
Fri, Mar 23, 2018
Pitching for radical reforms in the banking sector, Chief Economic Adviser (CEA) Arvind Subramanian today said that time has come for rethinking on the ownership of public sector banks (PSBs) in India.
India to get sovereign rating upgrade? Here is what FinMin wants Fitch to do
Tue, Mar 06, 2018
The government will tomorrow pitch for a sovereign rating upgrade with global agency Fitch, highlighting reform push in taxation and PSU banks and its plans to gradually lower government debt.According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subr
Indian gold demand wanes as jewellers expect import tax cut in budget
Tue, Jan 30, 2018
Gold prices in India, the world`s second-biggest user of the precious metal, were at discounts as jewellers were postponing purchases on the expectation that the government will announce an import tax cut in its annual budget on Thursday.
India's external sector continues to be strong: Economic Survey
Mon, Jan 29, 2018
India’s external sector continued to be resilient and strong in 2017-18, observed the Economic Survey 2017-18 tabled in Parliament today by Union Finance & Corporate Affairs Arun Jaitley. International Developments
Economic Survey calls for accountability to avoid low equilibrium trap
Mon, Jan 29, 2018
The survey pointed out that low level of tax collections by the local governments in rural areas is posing challenge in reconciling fiscal federalism and accountability.
India needs $ 4.5 trillion by 2040 to develop Infra: Economic Survey
Mon, Jan 29, 2018
India will need about USD 4.5 trillion in the next 25 years for infrastructure development, of which it will be able to garner about USD 3.9 trillion, the Economic Survey said.
India's economic growth may rebound as demonetisation, GST impact fades
Thu, Nov 30, 2017
Finance Minister Arun Jaitley said that India has standardised itself for a 7-8 per cent growth rate on the back of improving macroeconomic fundamentals.
India sets up panel to draft new Income Tax Act
Thu, Nov 23, 2017
A task force for redrafting the Indian Income Tax Act, 1961, to bring it in tune with the current economic needs and realities, was set up by the government on Wednesday, an official statement said.
From GST to bank reforms, here's what Arvind Subramanian said about Indian economy
Tue, Nov 21, 2017
Talking on list of factors in regards to Indian economy, the CEA Arvind Subramanian laid out various measures which the government can adapt for the country's long term prosperity.
EAC or CEA: Know the difference between Bibek Debroy and Arvind Subramanian's role
Tue, Sep 26, 2017
Key role of Economic Advisory Council is to analyse any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon.
Arvind Subramanian will continue as CEA for 1 more year: Arun Jaitley
Sat, Sep 23, 2017
The Finance Ministry tweeted quoting Jaitley saying that CEA Arvind Subramanian will continue for one more year after completion of his 3 year tenure.
Demonetisation cut cash in economy by 20%: Economic Survey-II
Sat, Aug 12, 2017
Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.
Economic Survey Volume II key highlights: Economy relatively resilient to demonetisation
Fri, Aug 11, 2017
The Survey, however, cautioned that farm loan waivers, non-cereal food inflation continue to reign anxiety on the Indian economy. It said that these concerns are weighing heavy on the economy and keeping it away from its potential. It said, "Farm loan waivers could reduce aggregate demand by as much as 0.7% of GDP, imparting a significant deflationary shock to an economy."
Niti Aayog vice-chief Arvind Panagariya's exit a bad signal for economy?
Sat, Aug 05, 2017
Narendra Modi must be realising by now that it is easier to demolish than to construct. He is unlikely to have spent sleepless nights before abolishing the Planning Commission. Instead, it was widely seen as a bold move in keeping with his personality.
India needs to open markets to grow at 8-10%: Arvind Subramanian
Thu, Jun 08, 2017
Batting for India to have an open economy, Chief Economic Adviser Arvind Subramanian on Thursday said any reversal of the globalisation trend must be prevented in order to have a growth rate of 8-10 per cent.
Rating agencies undermine India's growth story: Arvind Subramanian
Thu, May 11, 2017
Noting that the rating agencies have been "inconsistent" in their treatment of India and China, the CEA wondered why their analysts should be taken seriously at all, "given their track record of poor standards".
Serious action on US H1-B visa is a cause for worry for India: Arvind Subramanian
Tue, Apr 25, 2017
Chief Economic Advisor Arvind Subramanian said that 50-60% of all India's exports of services goes to the US.
Boosting private sector investment in India challenging: Arvind Subramanian
Wed, Mar 29, 2017
Boosting private sector investment remains a challenge for the Indian economy, Arvind Subramanian, chief economic adviser to the finance ministry told the annual Credit Suisse Asian Investment Conference in Hong Kong on Wednesday.
Govt must bail out troubled big borrowers at time: CEA Subramanian
Tue, Mar 14, 2017
Subramanian also said that the bad bank will adopt all other options of resolution, including changing the promoters and management as well.