-PTI * Subramanian had flagged the problem of debt accumulated by private corporates becoming NPA of banks back in December 2014 * At that time, he was CEA to the Narendra Modi government NEW DELHI: India is facing a "Great Slowdown" with its economy headed for intensive care unit primarily due to a "second wave" of the twin balance sheet crisis at banks, former Chief Economic Adviser Arvind Subramanian has said. Subramanian, who was...
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Another CM opposes NRC: Naveen Patnaik latest, after his party voted for CAB -Manoj CG & Sampad Patnaik
-The Indian Express The chief ministers of five Opposition-ruled states — West Bengal’s Mamata Banerjee, Punjab’s Amarinder Singh, Rajasthan’s Ashok Gehlot, Chhattisgarh’s Bhupesh Baghel and Kerala’s Pinarayi Vijayan — have already opposed both the CAB and NRC. Bhubaneswar, New Delhi: A WEEK after his MPs voted for the Citizenship (Amendment) Bill, Odisha Chief Minister Naveen Patnaik on Wednesday opposed a countrywide National Register of Citizens (NRC), swelling the number of chief ministers...
More »Modi govt likely to slash school education budget by Rs 3,000 crore citing funds crunch -Kritika Sharma
-ThePrint.in A sum of Rs 56,536 crore was sanctioned to the school education department in 2019-20, from which the finance ministry is likely to cut Rs 3,000 crore. New Delhi: The Narendra Modi government is likely to cut the school education budget for 2019-20 by Rs 3,000 crore on account of a “funds crunch”, ThePrint has learnt. Highly-placed sources in the Human Resource Development (HRD) Ministry — which oversees education — said...
More »GST revenues not enough for States' compensation: Centre
-The Hindu Letter to States flags falling collections The Centre has written to all the States voicing concern that due to the lower Goods and Services Tax (GST) collections, the compensation cess might not be enough to pay for losses arising out of the tax system. The communication comes at a time when several States, including Rajasthan, Kerala, Delhi, Punjab and West Bengal, have publicly urged the Centre to transfer pending compensation payments...
More »Pronab Sen, director IGC India, interviewed by Asit Ranjan Mishra (Livemint.com)
-Livemint.com Pronab Sen, director IGC India, speaks about the state of the economy, the challenge before the 15th Finance Commission and the controversy surrounding India’s statistical system NEW DELHI: Pronab Sen, country director of the International Growth Centre (IGC), had a long and distinguished career in the government as the principal adviser in the Planning Commission, the first chief statistician of India as well as the chairman of the National Statistical Commission....
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