Chief Economic Advisor admits to economic slowdown
5 years, 2 months ago

Chief Economic Advisor admits to economic slowdown

The Hindu  

Finance Secretary Rajiv Kumar and Chief Economic Advisor Krishnamurthy Subramanian conceded to a Parliamentary panel on Finance headed by BJP MP and former Minister of State for Finance Jayant Sinha that the country is going through an “economic slowdown”. Finally, when they were asked point blank on whether there is a crisis or not, the Finance Secretary Rajiv Kumar and Chief Economic Advisor Mr. Subramanian conceded that yes there is a slowdown,” an opposition MP who was present at the meeting told The Hindu. Other than the Finance Secretary and Chief Economic Advisor, Revenue Secretary Hasmukh Adhia, Disinvestment Secretary Tuhin Kanta Pandey, Expenditure Secretary Ajay Narayan Jha and Niti Ayog CEO Amitabh Kant attended the meeting. During the day long meeting, in the post lunch session Mr. Kant made a presentation on way ahead to the government's goal to become a five trillion dollar economy by 2025.

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History of this topic

Economy to recover soon from effects of global slowdown, says Amit Shah
5 years ago

Economy to recover soon from effects of global slowdown, says Amit Shah

India Today  

Union Home Minister Amit Shah, in an interview with Aaj Tak at the Aaj Tak Agenda, talked about the economy of India. When Amit Shah was asked about the Bharatiya Janata Party's promise to deliver a gross domestic product at 10 per cent, which is presently at 4.5 per cent, Amit Shah said that the government touched 7.8 per cent …

Economic slowdown: Nirmala Sitharaman woke up too late, says economist PN Vijay
5 years, 1 month ago

Economic slowdown: Nirmala Sitharaman woke up too late, says economist PN Vijay

India Today  

Economic expert and BJP's economic advisor until recently, PN Vijay, has said that Nirmala Sitharaman woke up to economic crisis too late. Speaking as part of the panel on economic slowdown in India Today Conclave East 2019, PN Vijay, who has been BJP's spokesperson in the past said: "Everyone knows that there is a lack of demand in the economy …

Centre should take steps to deal with economic slowdown: CM Ashok Gehlot
5 years, 2 months ago

Centre should take steps to deal with economic slowdown: CM Ashok Gehlot

India TV News  

Rajasthan Chief Minister Ashok Gehlot said on Saturday that there is a slowdown in the country's economy and the Centre should take effective steps to deal with it. He said there was a period of recession in the world some years back which also had an effect on India, by the then government under prime minister Manmohan Singh took effective …

Nirmala Sitharaman 'clueless' in dealing with economic slowdown, steps to boost economy 'cosmetic': Congress
5 years, 4 months ago

Nirmala Sitharaman 'clueless' in dealing with economic slowdown, steps to boost economy 'cosmetic': Congress

India TV News  

The Congress on Saturday alleged that Finance Minister Nirmala Sitharaman was "clueless" in dealing with the economic slowdown and termed the latest steps announced by her to boost the economy as "cosmetic" and "piecemeal". The Congress' attack came after Sitharaman announced an over Rs 70,000-crore package for export and real estate sectors, including setting up of a stressed asset fund, …

Why Narendra Modi government must acknowledge the economic slowdown. Now.
5 years, 4 months ago

Why Narendra Modi government must acknowledge the economic slowdown. Now.

India Today  

Over the past few weeks, Finance Minister Nirmala Sitharaman announced several measures to tackle economic slowdown. These steps have come after India's GDP growth in the first quarter of FY20 slowed to 5 per cent--the lowest in 25 quarters or in six years. However, key Indian sectors are facing a slowdown that seems far more than a cyclical occurrence, said …

Finance Minister Sitharaman gets thumbs up on steps to combat economic slowdown
5 years, 4 months ago

Finance Minister Sitharaman gets thumbs up on steps to combat economic slowdown

India TV News  

Finance Minister Nirmala Sitharaman has got loads of support from the Union Cabinet and her party on the steps announced by her to combat the economic slowdown in the country. Prime Minister Narendra Modi gave a thumbs up to the announcements tweeting: "The measures announced by Finance Minister Nirmala Sitharaman will facilitate ease of doing business, improve demand, make credit …

Finance Minister Nirmala Sitharaman combats slowdown
5 years, 4 months ago

Finance Minister Nirmala Sitharaman combats slowdown

India Today  

A projector malfunction briefly flashed the title of Finance Minister Nirmala Sitharaman’s presentation Measures to Achieve Higher Economic Growth even before she was to arrive at the venue for her much-awaited press conference. Instead, retracting ill-conceived steps, introducing confidence-building measures, liquidity enhancement, the commitment of interest rate transmission and a lot of promises for infrastructure, home buyers and automobiles dominated …

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous
5 years, 4 months ago

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous

Firstpost  

By now, the fear that India’s economy is slowing and slowing at a real dangerous pace has been confirmed by hard data Editor’s note: This is the seventh and concluding part of a series in which Firstpost’s columnists analyse the ongoing economic slowdown and offer solutions. In the absence of private sector participation, India’s economic growth fell to 5.8 percent …

Govt looks to reverse economic slowdown with a stimulus package
5 years, 5 months ago

Govt looks to reverse economic slowdown with a stimulus package

Live Mint  

New Delhi: The government is stitching together a set of measures, including tax cuts and targeted sops, to reverse an economic downturn, three people aware of the ongoing discussions said, amid fears of a global slowdown. The measures being considered include steps to boost infrastructure investments; goods and services tax relief to specific sectors, including the automobile sector, that could …

Govt appoints ISB professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years
6 years, 1 month ago

Govt appoints ISB professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years

Firstpost  

The post of CEA had been lying vacant since Arvind Subramanian left the finance ministry after a four-year stint earlier this year. The government Friday appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years. #JustIn | Govt Appoints Krishnamurthy Subramanian as Chief Economic Adviser for 3 years, he currently teaches at Indian School …

UIDAI CEO Ajay Bhushan Pandey to replace Hasmukh Adhia as Revenue Secretary
6 years, 1 month ago

UIDAI CEO Ajay Bhushan Pandey to replace Hasmukh Adhia as Revenue Secretary

India TV News  

Unique Identification Authority of India CEO Ajay Bhushan Pandey will be the new Finance Secretary, after the incumbent Hasmukh Adhia, Gujarat-cadre IAS officer, put downs his papers on November 30. While wishing him a good post-retirement life, Jaitley commended Adhia's contributions as Revenue Secretary for bringing a series of reforms including execution of Goods and Services Tax and making the …

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