Page 40 - Economy

Time to do away with fiscal responsibility law? No virtue in stipulating 3%

Target years for reaching the desired fiscal deficit are pushed back; and when FMs are unable to get close to targets, they fudge the books and push the burden on to hapless PSUs, writes T N Ninan

100 days of Modi 2.0: Glut of bad news on economy belies reform hopes

Days after the new Modi government was sworn-in, the benchmark indices climbed to all-time highs

Old troubles mar new term: A status check of Modi govt's 100 days

The first-quarter GDP data showed the economy losing steam

The sociology of the slowdown

The last economics guy to take sociology into account was Milton Friedman, says the author

From Shanghai to Dhaka, Asia should fix its megacities, not move them

In Indonesia, land-use controls were aggressively deregulated in the 1980s while entire sectors of the economy were opened up to direct investment

Moody's cuts India GDP growth forecast for 2019 to 6.2% from 6.8%

For 2020 calendar year, it reduced the estimate by a similar measure to 6.7 per cent

Returns from consumption stocks could be muted, says Kenneth Andrade

On the liquidity side, the consensus still favours India to be one of the faster growing economies across the world, says Andrade

Modi 2.0's new clothes

The economy has been slowing down for over a year now, but Mr Modi and his government had been in (election-induced) denial

Letter to BS: Pro-capital economy which balances public sector is essential

The public sector must be reduced whenever it becomes a fiscal and administrative burden like Air India

India 43rd most competitive economy, Singapore tops the list: Report

Singapore has moved up to the top, from the third position last year, while the US has slipped to the third place in the 2019 edition of the IMD World Competitiveness Rankings

Central bankers to stage dovish view as economic data continues to vex

Here's the weekly rundown of the other key economic events.

The flawed narrative that India's a land of villages hurts growth prospects

The resulting misallocation of resources is making India's blossoming urban areas well-nigh unlivable

Investment climate in India has improved, govt capex picking up: CARE

Overall capex of the government in the first 7 months of the year was Rs 1.77 trillion as against Rs 1.62 trillion last year, says a CARE report

Transfer of RBI revaluation reserves can give deflationary shock to economy

Such a transfer can deliver an unintended cataclysmic deflationary shock to the real economy, driving interest rates way too high, and leading to a massive collapse in output and employment

Govt will meet fiscal deficit goals, fresh steps on cards to narrow CAD: FM

FM says the way crude oil prices are going up, there will be some adverse impact

Govt bent on meeting fiscal deficit goal, more steps to narrow CAD: Jaitley

He said the government has cut the borrowing target for the current fiscal by Rs 700 billion

Incumbents vs insurgents

Regulatory cholesterol reduces competition, increases inequality and hurts job creation without helping workers

The state of the economy

The IMF has argued for fiscal and monetary prudence. But for accelerating growth India should be prudent about such prudence

Meet Sanjeev Sanyal, principal economic advisor in the finance ministry

More CEOs in India confident of global economy than home turf: Survey

The increasing protectionism, specially in erstwhile bastions of free enterprise, has led 36% CEOs to become cautious about geographic expansion in developed countries