-Hindustan Times The 15th Finance Commission (FC) has to submit its report in October 2019, which will be another important event in the evolution of India’s fiscal federalism framework. The tenure of the Narendra Modi government has seen important changes in India’s fiscal federalism set-up such as the abolition of the Planning Commission (PC) and the roll-out of the Goods and Services Tax (GST). The 15th Finance Commission (FC) has to submit...
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Farm loan waivers kill credit culture, says Raghuram Rajan
-PTI NEW DELHI: India needs to focus on resolution of farm distress rather than loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said on Tuesday. "First we need to worry about why people are so distressed and angry. There is a lot of agriculture distress. I personally believe that farm loan waivers are not the answers. But there are other answers," he said when asked about what should...
More »Income plan: Economists consulted, says Rahul; uphill task, feel experts
-PTI NEW DELHI: Congress president Rahul Gandhi on Tuesday said his party consulted several economists including former RBI governor Raghuram Rajan on its minimum income plan for the poor even as leading experts said that implementing such a scheme would be an uphill task. In a mega poll promise, Gandhi on Monday announced that under 'Nyay' - an acronym for Nyuntam Aay Yojana - Rs 72,000 will be given to the poorest...
More »RBI warned of demonetisation impact on Indian economy, no effect on black money
-PTI RBI had met just two-and-a-half hours before PM Narendra Modi announced demonetisation on 8 November 2016 The government has always maintained that demonetisation did not have much impact on India's GDP growth New Delhi: The board of the Reserve Bank of India (RBI), which included the present governor Shaktikanta Das as a director, had warned of short-term negative impact of demonetisation on Indian economy and observed that the unprecedented move will not...
More »Before Govt blocked jobs report, stats panel search body tweaked in its favour -Aanchal Magazine & Anil Sasi
-The Indian Express Earlier, the composition of the search committee, according to the MoSPI Resolution dated June 1, 2005, was: Deputy Chairman, Planning Commission as Chairperson along with an RBI Deputy Governor and “two eminent persons. New Delhi: Months before withholding the release of the Employment-Unemployment Survey for 2017-18, the government had tweaked the composition of a key panel set up to recommend candidates for the post of Chairman and members...
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