Chief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growth. Presenting steps taken by the government in the past few months to pull the economy out from a six-year low growth, he said the measures include corporate tax cuts to improve risk-return of companies.
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Chief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growth. Presenting steps taken by the government in the past few months to pull the economy out from a six-year low growth, he said the measures include corporate tax cuts to improve risk-return of companies.
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Chief Economic Advisor Krishnamurthy V. Subramanian on Thursday asserted that the Indian economy must grow at a 8 per cent rate over the next five years to achieve Prime Minister Narendra Modi's vision of the country becoming a $5 trillion dollar economy, for which the Economic Survey 2018-19 stresses on investment as the key driver. CEA Krishnamurthy, in an exclusive conversation with ET Now, said 'There is a wonderful opportunity for us to tap into foreign capital.'
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Guided by the dictum of 'blue sky thinking', the Economic Survey 2018-19 Thursday laid out the ambitious agenda of applying principles of behavioural economics to achieve 8 per cent of sustained GDP growth to make India a USD 5-trillion economy by 2024-25. The Economic Survey 2018-19, tabled in Parliament, is the first for the new government, which came to power with an overwhelming mandate. Watch now. (Text: PTI)
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The tussle over who owns public data found its way in Chief Economic Advisor Krishnamurthy V. Subramanian's Economy Survey. The survey says data as a public good can help to uplift the poor, who care for a better quality of living rather than data privacy. Watch now. (Text: ET Online)
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Chief Economic Advisor (CEA) KV Subramanian on Friday said the evidence of measures to boost investment was actually seen in the record FDI inflows with US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period.
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CII President Adi Godrej said that the roll-out of the Goods and Services Tax (GST) will boost economic growth by around 1.5 percent. He said there was need for structural reforms at both centre and state levels to boost growth and added that CII has been working at all possible levels to build consensus for early implementation of GSTWatch GST can boost economic growth by 1.5 per cent: Adi Godrej, CII President With HD Quality
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Union Finance Minister Nirmala Sitharaman on Friday said the government will respond to the challenges faced by all the sectors. Every possible help will be extended to them, she told a press conference here. 'We are looking at the challenges which the sectors are facing. We will respond to the challenges and extend every possible help,' Sitharaman said to a query on the ongoing slowdown of the economy. She said the Centre is 'continuously engaging with the sectors facing challenges and interacting with them'.
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The Reserve Bank of India (RBI) on Thursday said it has reduced the risk weight requirement for consumer loans to 100 per cent, a move that will reduce cost of such loans. Currently, the risk weight requirement for such loans is 125 per cent. The relaxed requirement would not be applicable to credit cards. Risk weight refers to the capital banks keep aside as provisioning to cover any loan defaults.
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