-The Telegraph The Central Statistics Office reported today that economic Growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP Growth...

-Livemint.com It is not just the low inflation reported in June which confirms a declining demand but also the macro fundamentals of the economy which belie any optimism of 7%-plus Growth The second volume of the Economic Survey was presented on the last day of the monsoon session of Parliament on 11 August, preventing Parliament from holding a discussion on the state of the economy as outlined by the report. The second instalment,...

-The Hindu Business Line Strengthening of global demand will support domestic economy: RBI Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year. Global Growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade,...

-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for...

-The Times of India NEW DELHI: The parliamentary standing committee on finance failed on Tuesday to adopt two reports critical of the government — on demonetisation and on the revised formula for calculating Growth — in the face of vocal opposition by BJP and some non-NDA parties. The report on demonetisation, circulated in the morning ahead of the committee meeting, said the measure had cost the economy 1% of GDP. The other...