Bijay Kumar Singh

All stories by Bijay Kumar Singh

Indian economy in better shape than a year ago, says economist Pinaki Chakraborty

Indian economy in better shape than a year ago, says economist Pinaki Chakraborty

Rediff.com2 days ago

India's macroeconomic situation is certainly better than what it was a year ago, eminent economist Pinaki Chakraborty said on Monday, while expressing hope that the country will be back on the path of economic growth if there is no major third wave of the COVID-19 pandemic. In an interview with PTI, Chakraborty, who is the director of the National Institute of Public Finance and Policy (NIPFP), said that inflation may remain at an elevated level as there was a significant fiscal and monetary expansion in the last 18 months. "The current macroeconomic situation is certainly much better than what it was one year back. We are seeing recovery in most sectors," he said. Chakraborty noted that COVID-19 vaccination has been going on at a very fast rate in India.

India to restart Covid vaccine export by year end

India to restart Covid vaccine export by year end

Rediff.com25 Oct 2021

India is committed to supplying COVID-19 vaccines to other nations and such supplies are likely to begin by the end of this year, as the abundant production will not just meet domestic needs but also generate surplus for exports a top government official said on Monday.

2nd wave subsiding, but can't say worst is over: Govt

2nd wave subsiding, but can't say worst is over: Govt

Rediff.com17 Oct 2021

Cautioning that the country is passing through a phase when there are festivals and potential gatherings, he said this is a critical phase as the virus can spread again.

No data to show Delta plus impacts vaccine efficacy: Paul

No data to show Delta plus impacts vaccine efficacy: Paul

Rediff.com28 Jun 2021

It will be unfair to put a date for any COVID wave as the behaviour of coronavirus is unpredictable and a disciplined and effective pandemic response can help the country get away from any significant outbreak, COVID Task Force chief V K Paul said.

Should RBI print money? Ex-Guv Subbarao says no

Should RBI print money? Ex-Guv Subbarao says no

Rediff.com9 Jun 2021

The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is 'nowhere' near such a scenario. In an interview with PTI, Subbarao suggested that to deal with the second wave of COVID-19 induced slowdown in the economy, the government can consider Covid bonds as an option to raise borrowing, not in addition to budgeted borrowing, but as a part of that.

India managed Covid 2nd wave 'very well': Niti member

India managed Covid 2nd wave 'very well': Niti member

Rediff.com4 Jun 2021

'We have to take all preparations because the third wave is likely to start from September-October onward'

Modi's $5 trn economy is a useless target: Jean Dreze

Modi's $5 trn economy is a useless target: Jean Dreze

Rediff.com11 May 2021

India might be heading towards a "serious livelihood crisis" as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze. In an interview to PTI, he also said the government's target to make India a $5 trillion economy by 2024-25 was never a "feasible target" and was just to pander to the "super-power ambitions" of the Indian elite. About the impact of the second wave of COVID on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.

Farmers' income won't be doubled if...: Niti member

Farmers' income won't be doubled if...: Niti member

Rediff.com28 Mar 2021

Chand pointed out that the government is willing to discuss the three farm laws clause by clause, and farmer leaders should consider this offer.

Niti's next divestment list will be ready in few weeks: Rajiv Kumar

Niti's next divestment list will be ready in few weeks: Rajiv Kumar

Rediff.com4 Feb 2021

Niti Aayog will prepare the next list of central public sector companies for disinvestment in the next few weeks, its vice chairman Rajiv Kumar said on Thursday and expressed hope that the proposed asset reconstruction and management companies to address banks' bad loan woes will do a good job like the UTI. Days after Finance Minister Nirmala Sitharaman announced the Union Budget for 2021-22 laying out various measures (including disinvestment proposals) to bolster the pandemic-hit economy, Kumar also emphasised that the Modi government has shown consistent commitment for the welfare of farmers and for the improvement of the agriculture sector. "Now the process has begun... We will complete preparation of the next list in the next few weeks, we have got the marching order," Kumar said about the list of public sector companies for the next round of stake sales.

Enough stockpile of COVID-19 vaccine for priority groups: Niti member

Enough stockpile of COVID-19 vaccine for priority groups: Niti member

Rediff.com4 Jan 2021

Paul noted that "three to four months from now, there will be other vaccines and the stockpile will be even bigger. "And more acceleration can be brought about in the vaccination programme," Paul added.

'False narratives' on agri laws hurting farmers: Niti Aayog vice chief

'False narratives' on agri laws hurting farmers: Niti Aayog vice chief

Rediff.com28 Dec 2020

As farmers continue their protests demanding repealing of the three new laws, Kumar also emphasised that continued negotiations with protesting farmers is of course the way forward.

GDP to enter positive territory in Q4: Niti VC

GDP to enter positive territory in Q4: Niti VC

Rediff.com2 Dec 2020

The Indian economy is coming out of the pandemic-induced degrowth and GDP growth will enter the positive territory in the fourth quarter of this fiscal, Niti Aayog Vice-Chairman Rajiv Kumar said on Wednesday. In an interview to PTI, Kumar also said the Centre's new agriculture reform laws are aimed at increasing the income of farmers and the present agitation was a result of misunderstanding and miscommunication which need to be removed.

Farmers haven't 'properly understood' new laws: Niti Aayog member

Farmers haven't 'properly understood' new laws: Niti Aayog member

Rediff.com29 Nov 2020

'If these new farm laws are allowed to be implemented, there are very high chances of big increase in income of the farmers and in many states, it may even double'

'Economy to turn positive in Q3, Q4 of FY21'

'Economy to turn positive in Q3, Q4 of FY21'

Rediff.com22 Nov 2020

India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.

Possibility of second wave in winter can't be ruled out: Expert

Possibility of second wave in winter can't be ruled out: Expert

Rediff.com18 Oct 2020

According to Niti Aayog Member V K Paul, India is in a somewhat better position now but the country still has a long way to go because 90 per cent of the people are still susceptible to coronavirus infections.

Green shoots are mechanical rebound, don't read much into it: Subbarao

Green shoots are mechanical rebound, don't read much into it: Subbarao

Rediff.com24 Aug 2020

Subbarao said, short-term as well as medium-term prospects or Indian economy continue to be grim. Fiscal deficit is going to be much higher, the debt burden much larger and the financial sector will be in a worse shape.

Biggest challenge India faces as it unlocks economy

Biggest challenge India faces as it unlocks economy

Rediff.com1 Jun 2020

Vice-Chairman Arvind Panagariya said that India is facing a health crisis that has led to a sudden stop of the economy.

Samsung launches Galaxy S20 with 5G, AI camera tech

Samsung launches Galaxy S20 with 5G, AI camera tech

Rediff.com12 Feb 2020

The Galaxy S20 series, unveiled in San Frisco, USA, at Samsung's 'Unpacked 2020' event, also features a new, secure processor which protects against hardware-based attacks. According to the company, the new phones have significantly increased camera resolution. S20 and S20+ have a 64MP camera and the S20 Ultra has a 108MP camera.

'India will struggle to achieve 5% GDP growth in 2020'

'India will struggle to achieve 5% GDP growth in 2020'

Rediff.com1 Jan 2020

The slowdown in India is related to a credit squeeze, which is a cyclical problem - not a structural problem: American economist Steve Hanke.

Nokia's Chennai plant may be left out of Microsoft deal

Nokia's Chennai plant may be left out of Microsoft deal

Rediff.com3 Dec 2013

Finnish phone maker Nokia may have to exclude its Chennai plant from the $7.2 billion deal with Microsoft if tax issues facing the India unit are not resolved by next week.