-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to demonetisation that sucked out 86% of the currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...
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Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag
-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...
More »What can be done to revive India's sluggish economic growth? Here's what five economists prescribe -Mayank Jain
-Scroll.in Hike government spending, pour money into rural areas, cut interest rates, refrain from disruptive moves like demonetisation. India’s economic growth is slowing but can the government bring it back on track? This is what Finance Minister Arun Jaitley reportedly discussed with ministers and officials Tuesday evening. While a concrete plan to address the problem is apparently being developed with Prime Minister Narendra Modi’s blessing, a section of the industry and...
More »SBI Research says economic slowdown is real not just 'technical'
-PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that...
More »People's participation is necessary for transparency in Budget, says coalition of CSOs
-Press release from People's Budget Initiative (PBI)/ Centre for Budget and Governance Accountability (CBGA) New Delhi: The coalition -- People’s Budget Initiative (PBI) with a membership of diverse organisations working across different sectors in the country, organized a national convention on pressing issues (such as Budgetary allocations for social sectors, transparency etc.) deserving a closer scrutiny and a larger public debate. The two-day workshop entitled ‘Civil Society Budget Work and Governance...
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