The days of anti-reform, anti-growth advisers that undermined our economy in the UPA-II years will now be strictly behind us: Bhagwati
A new committee chaired by former Chief Economic Advisor Shankar Acharya will examine the feasibility of having a 'new financial year' to coincide with the calendar year.
Bibek Debroy raised seven questions about the new institution.
'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'
The losses ranged between Rs 33,204 and Rs 10,90,480.
The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.
Among possible new members, former chief economic advisor Arvind Virmani's name is doing the rounds.
...and getting GDP to measure India's data economy, recommends Ajit Balakrishnan.
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
The Vishnu Purana, notes A K Bhatacharya, ends on a sombre note, but not without offering the hope that those who chant Vishnu's name can still reclaim dharma.
"The Union Budget represents the aspirations of 130 crore Indians and lays out the path towards India's development. I invite you all to share your ideas and suggestions for this year's Budget on MyGov," the PM said according to a statement posted on his official website on Thursday.
'The Railways must provide a rail system that they can be proud of.'
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
Erstwhile Planning Commission Secretary Sindhushree Khullar is believed to have been appointed as CEO of the newly formed NITI Aayog.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
The 14-member task-force will develop a working definition of poverty.
Likely to be merged with Union Budget from FY18
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Economic Advisory Council to the Prime Minister has identified ten themes, including economic growth and job creations that need attention.
If bureaucrats are to implement the policies of the government, they would do so very efficiently if there is a prime minister who can "whip ministers and secretaries into doing their work", former Union Minister Arun Shourie said on Monday.
The device supports a host of India-specific apps and the more you use it, the better it gets.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
'Trains, at one point in time, were not just a mode of transport. They told a story,' says Bibek Debroy.
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
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The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
In the first meeting of NITI Aayog on Friday, Prime Minister Narendra Modi will interact with eminent economists and experts across sectors along with the existing members of the newly constituted body.
Why is a Katra-Chennai train known as Andaman Express? Since no capitals are involved, why should a Katihar-New Jalpaiguri train be called Capital Express? What about Matysagandha Express, Padmavati Express or Sanghamitra Express?
A new leadership is needed to replace the present culture of indifference.
Bibek Debroy highlights the importance of the Assam Rail Link Project.
'The disease is we have models that are still based on debt and not equity. And banks are singularly not equipped to lend for longer duration projects, which often take 20 years.'
There has been criticism of the official statistics ever since MoSPI came out with new methodology to estimate the GDP on the base year of 2011-12 compared to earlier 2004-05.
Indian Railways (IR) will transfer existing assets at nominal values, invite bids and grant concessions for 10-15 years.
Hectic preparations are on at the newly-formed Niti Aayog to welcome the first Vice-Chairman Arvind Panagariya and other members whose appointments were approved by Prime Minister Narendra Modi on Monday.
Gold is the first product for options trading that markets regulator Sebi has allowed after 14 years of commodity exchanges in the country.
India had its own battle over gauges.
'On as many as two occasions, Sita is called upon to take a test to establish her integrity and loyalty to Rama and on both the occasions she opts for a course of action on her own terms,' points out A K Bhattacharya, reviewing Bibek Debroy's translation of the Ramayana.
Describing the BJP's election victory as an "astonishing triumph of Narendra Modi", noted economist Jagdish Bhagwati on Monday advised him to retain Raghuram Rajan as RBI Governor and to hold monthly press conferences to articulate the government's agenda.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
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