Free Press Journal
  • CEA less hopeful now of a rate cut

    New Delhi : Sounding a clear note of caution on rising crude oil prices pushing inflation, Chief Economic Advisor (CEA) Arvind Subramanian has toned down his earlier vocal expectation of a rate cut by the Reserve Bank of India (RBI) ahead of the central bank’s final bi-monthly monetary policy review of the fiscal due to be annouced next week.

  • Open market required for India to sustain 8-10% growth: CEA

    New Delhi : Chief Economic Adviser Arvind Subramanian on Thursday expressed concern over growing protectionism in global markets and felt that India needs open markets to grow at 8-10%. Citing example, he said, India witnessed fastest growth during period when exports were highest. “I think, we in India have now a much bigger role in ensuring that world markets remain open…At the very least, any reversal of globalisation is something that we

  • Macro-indices warrant easing of rates: CEA

    New Delhi : Complimenting RBI Governor Urjit Patel on the monetary policy committee (MPC) maintaining the apex bank’s key lending rate in the nation’s broader good, Chief Economic Advisor (CEA) Arvind Subramanian on Wednesday, however, said that seldom before have economic conditions warranted a substantial monetary policy easing as they do at this juncture.

  • Indian macroeconomic debate in dismal state: CEA

    New Delhi : Macroeconomic debate in India is in a dismal state resulting in the lack of contrarian views to official policy, Chief Economic Advisor (CEA) Arvind Subramanian said on Tuesday.

  • Rating agencies inconsistent in their treatment of China, India: CEA

    Bengaluru : Slamming global credit rating agencies for not upgrading India despite clear improvement in its economic fundamentals, Chief Economic Adviser Arvind Subramanian on Thursday said they are following “inconsistent” standards while rating India and China.

  • Demonetisation impact may take a few months to assess: CEA

    Washington : India’s high economic growth rate last fiscal may not reflect the actual impact of demonetisation particularly on the informal sector, and it may take a few months to assess its real fallout, Chief Economic Adviser Arvind Subramanian has said.

  • Subramanian also said one has to be cautious while interpreting the data because of the low base effect from last year and that data has been released only for two months

    Govt must bail out troubled big borrowers at times: CEA

    Kochi :  The government needs to bail out large corporate borrowers at times in a capitalist system though it may lead to charges of cronyism, Chief Economic Adviser Arvind Subramanian has said, while supporting the idea of a ‘national bad bank’.

  • Idea of bank to tackle bad loans gaining traction: Subramanian

    New Delhi : The idea of setting up a state- owned asset reconstruction company (ARC) or bad bank to deal with mounting NPAs is gaining traction and it needs to be created quickly, Chief Economic Adviser Arvind Subramanian said on Wednesday.

  • Remonetisation to revive economic growth, says CEA

    New Delhi : Confident of economic recovery post demonetisation, Chief Economic Adviser Arvind Subramanian on Tuesday said remonetisation will be completed in a month or two and growth will pick up once the process is over.

  • PAC to call RBI Guv in Jan to review eco impact

    New Delhi : Public Accounts Committee (PAC) on Thursday decided to call RBI Governor and top Finance Ministry officials next month to review the economic situation following the demonetisation of high value notes. The decision to call RBI Governor Urjit Patel, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das was taken unanimously by all the members of the Committee, headed by senior Congress leader K V Thomas.

  • Jaitley, A Subramanian and Das sitting idle to tackle currency crunch: Swamy

    New Delhi: Bharatiya Janata Party (BJP) member and Rajya Sabha MP Subramanian Swamy on Saturday criticised Finance Minister Arun Jaitley for making haphazard preparations and accused Chief Economic Advisor Arvind Subramanian and Economic Affairs Secreatary Shaktikanta Das of sitting idle to tackle the currency crunch post demonetisation.

  • Over 76 lakh new tax assessees added between AY12-13, AY14-15

    New Delhi : Over 76 lakh new assessees have started filing income tax returns between assessment years 2012-13 and 2014-15, pushing up the total number of individual return filers to over 3.65 crore, reports PTI.

  • GST Council to meet tomorrow, decide on tax rate by Oct 20

    New Delhi: The crucial three-day meeting of the all-powerful GST Council, starting tomorrow, will decide on the tax rate and sort out issues like compensation formula for rollout of the new indirect tax regime from April 1, 2017.