Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Recently, the government announced yet another ambitious scheme aimed at providing health insurance to 50 crore individuals.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
India is the second largest buyer of Iranian crude, after China.
In part four of a series, Arbind Modi & Arvind Subramanian explain how scrapping the exemptions for the countervailing duty will eliminate the negative protection facing Indian manufacturers
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
The government had committed to increasing spending in infrastructure
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
The world's largest cash transfer programme has eliminated around 40 million ghost connections
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
The Budget shouldn't be stuck on fiscal numbers, the PMO apparently said.
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
Capex for next year expected to be up 25% to Rs 3 lakh crore
'Mr Modi would compliment a Nobel Prize winner, but members of his party or the government would not be restrained from either making unfair comments or criticising him for having offered advice to an Opposition political party,' says A K Bhattacharya.
Trying to guess Subramanian Swamy's motives or next step has been a rather difficult exercise for decades, says Archis Mohan
oreign Policy magazine named him as one of the world's top 100 global thinkers in 2011.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
Jean Dreze, a noted economist who was was a member of Sonia Gandhi led National Advisory Council, was dropped from the list of speakers at the Delhi Economics Conclave organised by the finance ministry and inaugurated by Prime Minister Narendra Modi.
A federal body began a hearing on the impact of Indian trade policies on US businesses wherein American bodies and advocacy groups slammed India for its trade practices, alleging they hit their jobs and business.
'If anyone is able to understand the importance of Modi's endeavours to revive the economy -- even against opposition from sections of his own saffron brotherhood -- it is the former prime minister,' says Amulya Ganguli.
The verdict was reserved on August 13 last year after bench of Justice Dipak Misra and Justice Prafulla C Pant heard the matter spread over a month.
'With 27 days to go, the total bank deposits has come tantalisingly close to the Rs 14 lakh crores of banned notes which was in the financial system on November 8.' 'Black money hoarders may have actually laundered their black money into white,' argues Rajeev Sharma.
The meeting will focus on how to make the crisis an opportunity for India.
BJP MP Subramanian Swamy also said he went to the Rajya Sabha daily and it was not his fault if the the House did not run.
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Total debt for listed Indian companies excluding financials fell only 4 per cent to $368 billion in the year ended in March 2015.
India likely to overtake China on strong GDP growth.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
'The time has come to incorporate Indian sociology into economic policy.' 'The first step in that direction would be to listen to economists trained in India and not just the US and the UK, argues T C A Srinivasa-Raghavan.
The Budget would preserve macro-economic stability.
The Confederation of Indian Industry will organise a round table on investment.
Trade enhancement is not about lowering tariff barriers, but dismantling such regulatory barriers.
One may fault this government for incompetence, corruption, and delayed action but it cannot be faulted for lacking a vision.
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