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Universal basic income can boost consumption instead of I-T cut: ARVind Subramanian -Gireesh Chandra Prasad

-Livemint.com * 'If you want to boost consumption, it has to be a direct benefits transfer or a universal basic income, not a personal income tax cut,' the former CEA said in New Delhi * Subramanian said that India has infused quite a bit of capital into stressed state-run banks and any further capital infusion should be linked to reforms New Delhi: A universal basic income, rather than a cut in the tax...

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India facing 'Great Slowdown', economy headed to ICU: ARVind Subramanian

-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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How and why the Indian economy is losing its growth momentum -Udit Misra

-The Indian Express Former Chief Economic Advisor ARVind Subramanian expands on his twin-balance sheet analysis to explain how the Indian economy reached the current state of turmoil. To a lay observer, the collapse of India’s economic growth momentum is nothing short of befuddling. That’s because until just a few years ago – to be precise until March 2017 – the Indian economy was not only growing at a progressively rapid pace but...

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Hyderabad encounter: Supreme Court sets up 3-member inquiry commission -Aneesha Mathur

-IndiaToday.in The commission will be headed by a retired Supreme Court judge, Justice VS Sirpurkar. No other court or authority can investigate the case until further orders from the Supreme Court. * 3-member inquiry commission to probe case * Commission has 6 months to complete investigation * Aspects of your version need inquiry: SC to Telangana govt The Supreme Court set up a three-member inquiry commission today to investigate the recent killing of four Telangana...

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Serious questions confront policymakers. Yet data are not reliable enough for them to be answered -ARVind Subramanian & Josh Felman

-The Indian Express Running an economy, especially one that is in a predicament such as India’s today, is infinitely more complicated and the data demands are hence commensurately greater. A Data Big Bang effort along the lines proposed here would make that difficult task less challenging. As the government responds to the challenges posed by the economic slowdown, there’s an ignored area of reform, where simple measures could have potentially big payoffs....

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