The Narendra Modi government on Sunday appointed former NITI Aayog vice chairperson Arvind Panagariya as the new chairman of the Finance Commission, Reuters reported. Arvind Panagariya has been appointed as the new finance commission chairman Every five years, the Centre sets up a finance panel to suggest formula for the sharing of taxes between the union and state governments, and …
London/Boston: As the 2024 elections approach, taking stock of the economy after a decade-long rule of the government led by Prime Minister Narendra Modi becomes a natural talking point. View Full Image Graphic: Mint According to the World Bank’s earlier $1.90 PPP per day line that defines extreme poverty, 23% of India’s population was poor in 2011-12, the last estimate …
Eminent economist Arvind Panagariya has said India is on the cusp of returning to a high growth trajectory and voiced confidence that the country will become the world’s third-largest economy by 2027-28. A day before Finance Minister Nirmala Sitharaman presented the Union Budget on Wednesday, the Economic Survey tabled in Parliament pegged India’s GDP growth at 6.5 per cent in …
State Bank of India chairman Rajnish Kumar on Tuesday said that interest rate cuts had not led to an increase in investment, despite the banks passing on the rate cuts to the customers. Speaking at the 47th National Management Convention of the All India Management Association, Kumar said that credit growth had been slow this year as capex was not …
