For India, struggling for competitiveness, the current rupee overvaluation in terms of real effective exchange rate is a genuine constraint.
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
The Budget may see new rural schemes and stepping up of funding towards existing programmes like MNREGA, rural housing, irrigation projects and crop insurance.
Their research paper on aid by rich nations got leaked
Capex for next year expected to be up 25% to Rs 3 lakh crore
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
'Bollywood's 'no prisoners taken' honesty comes as a big surprise.' 'I cannot think of a single judge, politician, sportsperson or bureaucrat being so forthright in their opinion of their contemporaries,' says T C A Srinivasa-Raghavan.
The best of India's brains are instead busy solving the world's problems (I deliberately exaggerate a bit to drive home the point), as our policies incentivise them to do so.
'Urjit Patel was not quite the picture of courage, but even he turned, he had to turn.' 'Perhaps there is something that is far more sinister than what we are aware of, which is the reason for his resigation.'
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
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.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
Three years after the prime minister's election promise that his government would create 10 million jobs, the emerging picture is not pretty. Employment HAS TO take on a critical status in the government's agenda, says Shyamal Majumdar.
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
The meeting will focus on how to make the crisis an opportunity for India.
Improved performance of manufacturing, services and trade sectors helped boost GDP
India has remained obsessed with cheap capital and infrastructure spending when instead the central constraint on Indian development remains the abysmal quality of Indians' skills, says Mihir Sharma.
Total debt for listed Indian companies excluding financials fell only 4 per cent to $368 billion in the year ended in March 2015.
To cover most of the gap, the road ministry plans to raise $7 billion.
India likely to overtake China on strong GDP growth.
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
'Swamy's crash-landing carries a message to all loose cannons.' 'Get your rants vetted by someone higher up in the party so that you are not left high and dry,' says Amulya Ganguli.
Top Congress sources said they would not hold up the Bill.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
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.
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.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
Jaitley's team presents a quintessential mix of foreign-educated, intellectual technocrats and seasoned bureaucrats
Public investment is very crucial for GDP growth, says finance ministry.
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.'
'It is clear that Prashant Kishor will be nowhere near repeating his earlier massive wins.' 'Nonetheless, he deserves at least two cheers for having the guts to take on such a challenging task.'
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
