-The Indian Express Then Chief Statistician T C A Anant confirmed that the release of data was withheld. “Niti Aayog had issues with a particular proxy we used for corporate sector growth estimates,” Anant told The Indian Express. In what adds a fresh twist to the controversy over the downward revision of UPA growth data, it is now learnt that almost three years ago, the Central Statistics Office (CSO), in the...
More »SEARCH RESULT
Total Matching Records found : 385
Three years on, bank credit to MSEs continue to shrink -Mayur Shetty
-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
More »RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh
-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and...
More »CAG 'deliberately delaying' report on Rafale deal, demonetisation: Former bureaucrats
-The Economic Times NEW DELHI: Sixty retired bureaucrats have written to the CAG expressing concern over audit reports on demonetisation and the Rafale deal being "deliberately" delayed to not "embarrass" the NDA government till next year's general elections. In a letter, they said there was concern over the "unconscionable" and "unwarranted delay" in bringing out the audit reports on demonetisation and the Rafale fighter jet deal, and the reports should be...
More »Demonetisation, GST held back growth: Raghuram Rajan
-PTI Says 7% growth not enough; centralisation of power a problem. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI governor Raghuram Rajan has said, asserting that the current 7% growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in Berkeley on Friday, Rajan said for four years — 2012...
More »
