Page 4 - Chief Economic Advisor

Chief Economic Advisor Subramanian bats for growth over inflation

Subramanian on Saturday has said that the country requires growth at this juncture

Lenders 'can't be asleep', must suffer compensation cut for bad loans: CEA

Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor.

CEA Subramanian pitches for private sector led bad bank to deal with NPAs

Subramanian made a case for setting up of a bad bank led by pvt sector to deal with financial sector NPAs which may see a surge once regulatory forbearance to deal with Covid impact is withdrawn

India must work to get rating upgrade in line with fundamentals: CEA

India will have to persistently make efforts for improvement in its sovereign rating by different global agencies in line with its economic fundamentals, Chief Economic Adviser K V Subramanian said on Saturday. The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals. "We have made the case very very forcefully (to rating agencies)...These changes happen over time. They don't happen instantaneously, but you have to continue making efforts," he told PTI in an interview. The Survey said sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the

Govt should spend, increase healthcare allocation: CEA to industry leaders

Speaking on privatisation, Subramanian said disinvestment would happen this year and selling Air India would be a seminal moment that would clearly signal the government's intent

LIVE: India took 'short-term pain' for long-term economic gain, says CEA

BUDGET SESSION 2021 LIVE UPDATES: Ahead of the Budget 2021, Parliament Session is set to begin today. Stay tuned for LIVE updates on Budget session of the Parliament

Investment in infra essential to growth boost, says Economic Survey 2020-21

The Survey emphasised that the year after the crisis will require sustained and calibrated measures to facilitate the process of economic recovery

V-shaped recovery of economic activity continued in Oct: CEA Subramanian

Chief Economic Adviser K V Subramanian on Saturday said V-shaped recovery of economic activity continued in October and both factory output and core sector growth have inched up to the pre-COVID level. The Index of Industrial Production (IIP) rose 3.6 per cent in October, mainly due to better performance of manufacturing and electricity generation sectors. The manufacturing sector, which has a weightage of 77.6 per cent in the IIP, recorded a growth of 3.5 per cent in October. In the year-ago period, the sector had a contraction of 5.7 per cent, according to data released by National Statistical Office (NSO) on Friday. "V-shaped recovery of economic activity continued in Oct... IIP & eight-core index further inched up to pre-COVID levels. The broad-base recovery in IIP resulted in a growth of 3.6 per cent in October 2020 as compared to a contraction of 6.6 per cent in Oct-19," he said in a series of tweets. Growth in IIP and eight core industries is on the back of broad-based ...

NBFC needs to monitor its rollover risk and interconnected risk, says CEA

CEA Subramanian also suggested a way to solve the problem -- adopt technology and use available data to screen sketchy borrowers

Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal

Govt's economic advisor stresses there is no demand-driven inflation yet in the economy

India's banking sector needs to grow for becoming $5 trillion economy: CEA

CEA K V Subramanian said that India's banking system is proportionately smaller than the size of the economy and it needs to grow for the country to become a $5 trillion economy

The joker in the pack

Government's fiscal headroom is crucially linked to a realistic assessment of its net revenue collection

Former CEA Arvind Subramanian to join Ashoka University as professor

Subramanian is currently visiting lecturer at the Harvard Kennedy School.

India-US 'green' corridor for air travel, and other coronavirus updates

The total number of Covid-19 cases in Delhi crossed the 66,000 mark, with the biggest single-day spike of 3,947 fresh infections being reported on Tuesday

Demand in economy will rise when uncertainty is not there, says CEA

According to him, this uncertainty arising out of the health factor will stay until a vaccine for Covid-19 is developed, and spending will not pick up till then

'No doubt' on GDP contraction in Q1: CEA Krishnamurthy Subramanian

Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon

Calibrated monetary, fiscal stimulus on anvil: Principal Economic Advisor

International passenger travel would remain shut for a long time, not for weeks but for months, he said citing examples of sectors which will continue to be non-functional

Budget 2020 LIVE updates: FM Nirmala Sitharaman at Finance Ministry

Budget session 2020 LIVE updates: The Economic Survey is a detailed report card on the economic performance in the year

Economic Survey 2020 to be released today; Union Budget on Saturday

The Survey, a detailed report card on the economic performance in the year, comes amid concerns over a deepening slowdown

Rising stocks amid economic slowdown leave former CEA Subramanian surprised

Equity benchmarks advanced to fresh lifetime highs for the third session on the trot on Thursday, spurred by buying in energy, IT and auto counters amid persistent foreign fund inflows