BUSINESS
Interview | Government recognises this is time for fiscal measures: CEA Krishnamurthy Subramanian
"If you look at international evidence during times of crises, government spending is really crucial, because both consumption and investment which comes from the private sector, go down,” CEA Krishnamurthy Subramanian said.
BUSINESS
CAG audit reveals forging of accounts, false LTC claims in some government bodies
In two audits, the CAG said government press employees had forged documents to claim higher LTC and that book entries of the Central Silk Board revealed tampering with figures.
BUSINESS
Constant rule tweaks, corporate reluctance make India’s defence offset policy ineffective
Defence industry experts say, while there have been many changes to offset and defence procurement policies by the government, defence contractors themselves are unwilling to bear the additional cost of offsets.
ECONOMY
Direct monetisation still on the table as govt prepares stimulus package
The govt is helped by increased purchase of G-secs by the RBI through OMOs. For April 1-Sept 13 2020, the RBI purchased Rs 1.76 lakh crore worth of G-secs on the secondary market. This is more than three times the Rs 52,550 crore of G-secs that it bought in the same period last year.
