-The Hindu Arvind Subramanian brought heft and pizzazz to his role as CEA — but who was listening? Arvind Subramanian has had quite a paradoxical tenure as the Chief Economic Adviser (CEA) to the Finance Minister. While he brought a lot of pizzazz and heft back to the usually staid Economic Surveys and lent his voice to a number of pressing economic issues, the government repeatedly failed to heed his advice or...
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Insolvency and Bankruptcy Code: BJP claims Rs 4 lakh crore recovery; RBI data tell a different story -Sunny Verma
-The Indian Express As against this claim, the Reserve Bank of India's latest data shows that the public sector banks could recover a total of only Rs 15,786 crore in the fiscal year 2016-17 and 2017-18 till December 31 through all recovery channels, including IBC. The BJP claimed on its Twitter account on Saturday that the “Insolvency and Bankruptcy Code (IBC), 2016 has resulted in recovery of Rs 4 lakh crore out...
More »India Economic Survey 2018: Arvind Subramanian says economic revival underway; 4 key takeaways -Sushruth Sunder
-The Financial Express India Economic Survey 2018: Chief Economic Advisor Arvind Subramanian says that the Indian economy is showing robust signs of recovery and a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. Addressing media in the press conference post release of the economic survey, CEA Arvind Subramanian noted...
More »Iron, steel cos' GNPA for PSBs in basic metals 24%: Govt
-PTI The Indian steel industry contributes approximately 2 per cent to the country's GDP New Delhi: Iron and steel sector accounts for about 24 per cent of total gross non-performing assets (GNPA) in basic metal and metal product category for public sector banks (PSBs), according to the Ministry of Steel. "The share of gross non-performing assets (GNPA) for iron and steel in basic metal and metal product category as on September 30, 2017...
More »New territory, says Arun Jaitley as House passes Insolvency Bill -Rahul Tripathi
-The Indian Express Over-inclusive, says Chidambaram, it keeps out even those convicted of non-financial crime As Rajya Sabha cleared the Insolvency and Bankruptcy Code Amendment Bill Tuesday, Finance Minister Arun Jaitley said the government has entered unchartered territory and would continue to modify the law. “Insolvency and bankruptcy is an area in which it is only in recent years that we have chartered into. It is a learning experience,” Jaitley said in...
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