-The Telegraph New Delhi: Prime Minister Narendra Modi today constituted an economic advisory council, shedding a three-year policy of relying on loose-knit groups and reviving a formal set-up that had helped manmohan singh navigate the global downturn a decade ago. The "course correction" by Modi is being linked to the grim news on the economic front largely in the wake of demonetisation and teething troubles in the implementation of the GST. The council...
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Why Arun Jaitley is unable to cut petrol, diesel prices -Abhik Deb
-The Times of India NEW DELHI: In the last one week or so, the government has actively turned its focus towards reviving the country's economy. On Thursday, news agency Reuters quoted government officials to report that the Centre is planning to spend up to Rs 50,000 crore to arrest the 'economic slowdown'. This report came a day after Finance Minister Arun Jaitley said that the government is considering additional measures to...
More »Hasty implementation of GST, demonetisation will hit GDP further: manmohan singh
-The Financial Express Former prime minister manmohan singh once again warned of sharp fall in the GDP, saying that the hasty implementation of the GST and the demonetisation are bound to affect the economic growth adversely. In an interview to CNBC-TV18, manmohan singh said, “Both demonetisation and GST have had some impact. GST was put on practice in haste, and there are a lot of glitches which are now coming out.” The...
More »Note ban, GST have adversely affected India's GDP growth: manmohan singh
-IANS The former prime minister said both demonetisation and GST have impacted the informal sector, which accounts for 90% of employment. New Delhi: Both demonetisation and GST have affected India’s gross domestic product (GDP) growth adversely, former Prime Minister manmohan singh said on Monday. “Both demonetisation and GST have had some impact on GDP,” manmohan singh, who has earlier said the Indian economy has been running on only “one engine” of public spending,...
More »Demonetisation may have hurt more than it helped -Amulya Ganguli
-IANS It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the economy. For most of them, the GST seems right -- like the uniform civil...
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