The "government has not intervened anywhere," Sanyal, a member of prime minister's economic advisory council, said in an interview in New York
The ship will be about 20-metre long, will have no GPS and would be similar to the ships made in ancient days when India had close connections with Southeast Asia via maritime trade, he said
Global agencies such as the International Monetary Fund and the World bank, for instance, have forecast India's growth will be 6.1% and 6.0%, respectively, next fiscal
India is following an "investment and export-driven growth model" and against the backdrop of "turbulent" global times
Addressing an event organised by the industry body Confederation of Indian Industry, Sanyal said India is the fastest-growing major economy and its economic growth rate will be twice of China
Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal has said that 'open-ended' freebies should be 'discouraged' as the amount can be utilised for building infrastructure
Former P&G CEO Das, who proposed the idea, said this individual should be a leader who would coordinate among different entities to raise competitiveness of the economy
"Taking all these measures into account, I think that we are broadly in a good situation economically and will be able to keep inflation under control in the medium term," he added
'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said
Business Standard brings you the top headlines on Tuesday morning
The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country's financial stability, Principal Economic Adviser Sanjeev Sanyal said.
He also said the government will not shy away from creating new public sector entities where ever required.
Weak contract enforcement is the "single biggest hurdle" for economic growth and Narendra Modi government will be focusing on legal and administrative reforms, a senior finance ministry official said
Sanyal says ministry's assessment of inflation remains on a par with RBI's
The economy is slowly getting back to normalcy as the number of Covid-19 cases is declining, he said
The government will spend on building infrastructure rather than boosting consumer demand artificially, Sanyal said
In a Q&A, the finance ministry's Principal Economic Advisor also explains why he thinks the latest Budget is extraordinary
The RBI also projected the economy to grow 20.6 per cent in the first quarter of the next fiscal year.
He also said there are certain sectors like hospitality which need "special love and care"
Google is facing a new antitrust case in India in which the US tech giant is alleged to have abused its Android operating system's position in the smart television market.