-The Indian Express RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year. Mumbai: MICRO AND small businesses continue to struggle in the wake of demonetisation and implementation of the Goods and Services Tax (GST), with the latest RBI figures...
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Pronab Sen, former Chief Statistician of India, interviewed by TCA Sharad Raghavan
-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...
More »Govt's plan for PSUs to procure from Dalit SMEs fails to take off -P Vaidyanathan Iyer
-The Indian Express In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from SC/ST enterprises, accounting for just 0.46% of their total procurement of Rs 1,16,837.27 crore. New Delhi: The government’s ambitious plan to get Central PSUs to make 4% of their procurement from Dalit enterprises has not made much headway over the last six years. In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from...
More »Why we need a Constitution -Rajeev Bhargava
-The Hindu Constitutions are needed not only to limit wielders of existing power but to empower those traditionally deprived of it The recent judgment by the Supreme Court clarifying the respective jurisdictions of Delhi’s Lieutenant Governor and its elected representatives and specifying the limits of their powers once again underlies how fortunate we are to have the Constitution. Why should gratitude be expressed for living under a constitutional democracy? Why do we...
More »How State budgets will fare if petrol, diesel are brought under GST -Rohan Abraham
-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that crude oil prices are...
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