-Livemint.com How India can put in place policy reforms to raise GDP growth without creating macroeconomic instability Mumbai: The second Narendra Modi government has begun its innings in the midst of a sharp economic slowdown. Economic expansion in the fourth quarter of the previous financial year was at the lowest level in five years—and 2.2 percentage points lower than growth in the first quarter of that year. The recent loss in economic...

-Livemint.com To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the fiscal deficit number that India’s new Finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...

-The Economic Times The government must extend benefits of the PM Kisan scheme to landless farmers and farm workers, said Ajay Vir Jakhar, chairman of the Bharat Krishak Samaj. Promote agri- startups particularly in rural regions, expand micro-irrigation, treat solar energy as third crop to augment income of farmers and enact labour reforms to push creation of off-farm jobs, were few of the suggestion which representatives of the agricultural and rural development...

-Livemint.com * GDP estimates are based on accepted methodologies, says government * Subramanian made the claims in his latest working paper published on the Harvard University website New Delhi: India’s statistics ministry likely underestimated the impact of demonetization and the rollout of the goods and services tax (GST) on economic activity, leading to an overestimation of gross domestic product (GDP) figures, the Finance ministry’s former chief economic adviser, Arvind Subramanian, has said. On 31...

-The Telegraph Until now, Modi was the only one who represented the government in Niti Aayog Prime Minister Narendra Modi on Thursday approved the reconstitution of the Niti Aayog, the policy think-tank created in January 2015 out of the remains of the outmoded Planning Commission, by inducting home minister Amit Shah as an ex-officio member along with three other ministers who have been similarly designated. The other ex-officio members of Niti Aayog are...