Chief Economic Adviser Arvind Subramaniam today flayed foreign credit rating agencies for adopting inconsistent standards while evaluating the country, saying that BRICS countries are looking to set up an independent rating agency to overcome it.
As the government moots the introduction of a universal basic income scheme, fiscal feasibility is a major bone of contention.
What effect would the Greek crisis have on India? Chief Economic Advisor, Arvind Subramaniam feels that the situation in Greece is definitely not going to impact India too adversely.
Chief Economic Advisor Arvind Subramanian said the govt also needs to keep in mind the fiscal deficit target
The post of the Chief Economic Advisor is as powerful as its occupant. Raghuram Rajan for instance was part of the inner power circle in the Finance Ministry that steers economic policy. With him moving out in a year, the government is on the look out once again.
After burning fingers in the 2G and 3G spectrum allocation, telecom operators are now standing more to lose. Most experts are worried on Telecom Regulatory Authority of India's (TRAI) proposal of a base price for auction of 2G spectrum that is higher than the 3G auction price set in 2010.
The thrust towards making broadband a right available to citizens in the new draft telecom policy announced today is a good initiative, believes Arvind Subramaniam, partner at BCG.