“No one has given any evidence to prove that there was a direct link between demonetisation and slowdown in the growth rate. Growth rate had a continuous declining trend from the last quarter of 2015-16 because of the rising NPAs in banking sector, that was the legacy of previous UPA govt.” : Rajiv Kumar, VC, Niti Ayog.
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Watch Slowdown in the growth date was due to rising NPAs in banking sector : Rajiv Kumar, VC, Niti Ayog With HD Quality.
“No one has given any evidence to prove that there was a direct link between demonetisation and slowdown in the growth rate. Growth rate had a continuous declining trend from the last quarter of 2015-16 because of the rising NPAs in banking sector, that was the legacy of previous UPA govt.” : Rajiv Kumar, VC, Niti Ayog.
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P Chidambaram is being illogical when he says that 5.7% is a low base. What he omitted to note that the current buoyant growth rate of 8.2% is despite the decline of growth rate in public expenditure. This growth rate will get even better in coming quarters.' Rajiv Kumar, VC, Niti Ayog
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Commenting on the GDP growth number released today, Chief Economic Expect Krishnamurthy Subramanian today said India's GDP, while still high, has shown signs of slowdown. Subramanian attributed 'endogenous and exogenous' factors like deceleration in developed economies, trade conflict as some reasons behind this slowdown.
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Arun Maira, former member of the Planning Commission provides a compelling argument on why the CSR scheme is a major setback in evaluating corporate governance and how it unwittingly shifts the focus from accountability to shrewd ways of avoiding responsibility. He also tells us if the focus of the newly formed Niti Aayog will improve accountability.
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PM Modi at Niti Ayog's Lecture Series: Microsoft Founder Bill Gates adressing India's top policy makers
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