India's share in world tourist inflows was only 0.64 per cent in 2012. It could only attract 6.97 million foreign tourists during 2013.
In the atmosphere created by the reaction to the PNB fraud and RBI's resolution framework, "don't lend, don't resolve" is bound to become the bankers' new mantra, says T T Ram Mohan.
The passage of this major legislation comes ahead of the general election due early next year.
The outgoing Chief Economic Advisor will always be remembered for his remarkable passion, his large imprint on policymaking and the high level of public debate he fostered
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
Chief Economic Advisor Arvind Subramanian's interview.
Consumer prices rose an annual 5.11 per cent (2012 base) in January.
The Budget decides to take the lead in revving up infrastructure.
UP is an important state to roll out the government's agrarian reforms and job growth policies.
'Karna is the greatest warrior in the Mahabharata -- in fact, Arjuna is a nobody in front of Karna.' 'But Arjuna had a better advisor in Krishna than Karna.' 'Karna failed because he listened to the wrong advice given by Salya.' 'It just shows wrong advisors can land even the mighty in trouble.'
Finding resources for a fiscal stimulus could be difficult and it could jeopardise macroeconomic stability, says CEA.
A high CAD puts pressure on the rupee, which in turn makes imports expensive and fuels inflation.
The bad loans of public sector banks were at 4.4 per cent in March 2014 compared with 2.09 per cent in 2008-09, it said, adding, the gross NPA increased by almost four times from March 2010 (Rs 59,972 crore or Rs 599.72 billion) to March 2014 (Rs 2,04,249 crore or Rs 2,042.49 billion).
Ahead of the Economic Survey, industry body Ficci today lowered its GDP growth forecast for the current fiscal, pegging India's economic expansion rate at 5.3 per cent compared to its 5.5 per cent previous estimate.
Maharashtra government on Saturday gave a clean chit to Deputy Chief Minister Ajit Pawar in the irrigation scam as it tabled in the Legislative Assembly the report of Madhav Chitale committee on the issue alongwith the Action Taken Report.
Attributing the stock market crash to global turbulence, Finance Minister Arun Jaitley on Monday said the government and RBI were watching the situation and hoped that things will stabilise once the transient impact is over.
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
It's unfortunate the govt seems close to bowing to pressure from a limited section of the public.
The Supreme Court order on what to do with the coal blocks allotted to power companies between 1993 and 2013, which it has already termed illegal, is likely on Tuesday.
The former prime minister also criticised the current government for 'messing up' the economy.
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
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In 2008-09, the economy grew at 6.7 per cent despite poor farm sector growth of 0.4 per cent.
Finance minister tries to put house in order before reforms are unveiled in February.
The need of the hour is to strike a balance between the capability of the conventional and the prospect of the renewable to give a realistic shape to the Prime Minister's vision, says Rajiv Mishra.
New data show tax reform, better tracking needed
The Budget has stuck to annual increases in agri credit targets.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
Arvind Subramanian, a senior fellow at the Peterson Institute for International Economics, was informally recommended to the post by Finance Minister Arun Jaitley.
Railways, rural infrastructure, urban rejuvenation, solar and transmission and distribution of electricity are the new priorities, says Vinayak Chatterjee.
Shifting to a PPP model could repeat the errors of the past
As and when the GST comes in, Budget projections will have to be unbundled and revised. In fact, the pragmatic decision would be to present another Budget! This makes the passage of the Finance Bill with its multiple unrelated amendments seem even more dubious, says Devangshu Datta.
When the state is unable to provide adequately for the bottom half of the population, should it be giving tax benefits to the well-off?
About two dozen discoveries of the state-owned ONGC, Reliance Industries and the Gujarat State Petroleum Corp (GSPC) in KG Basin alone are languishing for want of right price.
Last year, the government had announced to infuse Rs 70,000 crore in PSU banks.
'The BJP has lost 5 states and Lok Sabha elections are due in less than 90 days.' 'The reservation bill is a jhunjhuna (lollipop) for the upper castes.'
'The bad dream can turn into a ghoulish nightmare for the BJP if the Gujjars in Rajasthan and the Patels in Gujarat, both BJP-ruled states, were to fish in troubled waters and relaunch their respective agitations for quotas in government jobs,' warns Rajeev Sharma.
'Let's walk on two legs: Facilitate better resolution under the present system and set up PARA as well by transferring loans amounting to, say, Rs 1 lakh crore.'
All you need to know about preparing for the Civil Services examination
Despite a 187 km, seven-line metro network carrying 2.4 million commuters every day, private vehicles rose 92% over the last 15 years
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
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