-The Telegraph New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of...
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New Finance Commission may penalise states for bad show in schemes -Subhomoy Bhattacharjee
-Business Standard The Commission says incentives for states will be decided, among others, by "control or lack of it in incurring expenditure on populist measures" New Delhi: States offering debt waivers or slipping on centrally funded programmes, such as Swacch Bharat, could get penalised, according to the terms set for the 15th Finance Commission. The terms of reference of the Commission, set up by the central government this week, makes these conditions...
More »Concern over bail-in -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Politicians of various stripes have started to raise red flags about a provision in a bill that the Narendra Modi government intends to move in the Lok Sabha in the upcoming winter session, which could theoretically allow beleaguered banks and financial institutions to scoop up depositors' money to stop them from going bust. It is called a "bail-in" - a concept coined during the European banking crisis of...
More »Centre to withdraw ban on sale of cattle for slaughter
-The Times of India NEW DELHI: The Centre has initiated moves to withdraw its controversial May 23 notification banning sale of cattle for slaughter in livestock markets and will bring an amended version specifying dos and don'ts intended to prevent cruelty to animals and address safety and hygiene issues. The environment ministry has written to the law ministry seeking its view on withdrawal of the notification so it can bring an amended...
More »GDP: The slide stops with 6.3% growth but old problems remain -Sanjiv Shankaran
-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the economy is still struggling. A comparison of the...
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