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  • May need another Rs 15,000 crore for vaccination says Chief Economic Advisor K V Subramanian Jun 17, 2021 06:02 PM IST

    May need another Rs 15,000 crore for vaccination says Chief Economic Advisor K V Subramanian

    Chief Economic advisor also said that the finance minister has mentioned front-loading of capital expenditure.

  • Macro Minutes Podcast | The economic impact of second Covid 'surge' will not be as large as the first one: Chief Economic Advisor Apr 13, 2021 08:26 PM IST

    Macro Minutes Podcast | The economic impact of second Covid 'surge' will not be as large as the first one: Chief Economic Advisor

    Speaking on the latest episode of “Moneycontrol Macro Minutes” podcast, Subramanian said that the government had been deliberately conservative in its forecasts for the current financial year. While not ruling out an economic intervention like last year should the need arise, Subramanian said any further measures announced would likely be on the fiscal support and capital expenditure side.

  • India’s infra push won’t succeed without reducing NPAs in sector: Chief Economic Advisor Mar 09, 2021 12:14 PM IST

    India’s infra push won’t succeed without reducing NPAs in sector: Chief Economic Advisor

    Krishnamurthy Subramanian’s views echo that of RBI Governor Shaktikanta Das. In July 2020, Das had said a big push for mega infrastructure projects could reignite the economy, but banks saddled with infra-related NPAs, may not be best placed to finance these projects.

  • Interview | New ‘bad bank’ will take in at least Rs 2 lakh crore of NPAs: Chief Economic Advisor Krishnamurthy Subramanian Feb 04, 2021 06:37 PM IST

    Interview | New ‘bad bank’ will take in at least Rs 2 lakh crore of NPAs: Chief Economic Advisor Krishnamurthy Subramanian

    In an interview with Moneycontrol, Krishnamurthy Subramanian also said the measures taken by the Modi government to deal with the latest economic crisis are less inflationary than interventions by previous governments, and that some 100 crore people may be vaccinated for free.

  • Interview | FY22 could be a big year for privatisation: Chief Economic Advisor Krishnamurthy Subramanian Jan 30, 2021 08:43 PM IST

    Interview | FY22 could be a big year for privatisation: Chief Economic Advisor Krishnamurthy Subramanian

    In an interaction with Moneycontrol, Krishnamurthy Subramanian also said that the idea of a 'bad bank' was being discussed ahead of the Budget, and that a counter-cyclical fiscal policy was part of pre-Budget deliberations.

  • Economic Survey 2021 pegs GDP growth at 11% in FY22, backs fiscal expansion to beat slowdown Jan 29, 2021 01:33 PM IST

    Economic Survey 2021 pegs GDP growth at 11% in FY22, backs fiscal expansion to beat slowdown

    The Economic Survey 2020-21 batted for a counter-cyclical fiscal policy, recommended a massive increase in healthcare spending in light of the COVID-19 pandemic and regulator for the sector, and criticised credit rating agencies, saying their assessment does not match India's fundamentals.

  • Interview | Government recognises this is time for fiscal measures: CEA Krishnamurthy Subramanian Sep 28, 2020 11:25 AM IST

    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.

  • India may get its first woman chief economic adviser: Report Nov 22, 2018 09:28 AM IST

    India may get its first woman chief economic adviser: Report

    The government is looking for candidates for the advisory post, with only six months to go for Prime Minister Narendra Modi's 5-year term to end

  • Arvind Subramanian quits highlights: No firm date fixed for my departure, says CEA Jun 20, 2018 03:51 PM IST

    Arvind Subramanian quits highlights: No firm date fixed for my departure, says CEA

    Live updates of the press conference being held by Chief Economic Adviser Arvind Subramanian after he resigned due to family commitments.

  • Note ban, GST may have 'reinforced' growth deceleration: CEA Arvind Subramanian Nov 30, 2017 08:20 AM IST

    Note ban, GST may have 'reinforced' growth deceleration: CEA Arvind Subramanian

    "So, it certainly began before. It's quite possible that these two steps (demonetisation and GST) reinforced the deceleration...I think we will soon come out from these two policy experiments and get back to the growth path," he said.

  • Waiving agricultural loans could cost 2% of GDP: CEA Apr 25, 2017 08:35 AM IST

    Waiving agricultural loans could cost 2% of GDP: CEA

    "If these things spreads as is possible. So I think that's a kind of big challenge,” he said in an apparent disagreement of the recent move by Uttar Pradesh Chief Minister Yogi Adityanath to waive agricultural loans worth Rs 36,000 crore in the state.

  • More outsiders needed in governance: CEA Arvind Subramanian Apr 07, 2017 09:20 AM IST

    More outsiders needed in governance: CEA Arvind Subramanian

    Delivering a lecture on the topic 'Indian Economy: Key Issues and Challenges' at the Aligarh Muslim University, Subramanian said that government machinery tends to become insular if there is no free flow of fresh ideas beyond the ambit of existing hierarchies.

  • CEA flays ratings agencies for adopting inconsistent standards Mar 31, 2017 09:44 PM IST

    CEA flays ratings agencies for adopting inconsistent standards

    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.

  • RBI's policy unlikely to be impacted by Fed rate hike Mar 16, 2017 04:47 PM IST

    RBI's policy unlikely to be impacted by Fed rate hike

    The US Fed rate hike is no surprise and may not impact RBI's policy next month as it had already factored in the global development and will be guided by local factors, said experts.

  • Note ban success hinges on higher tax compliance: CEA Mar 14, 2017 02:31 PM IST

    Note ban success hinges on higher tax compliance: CEA

    Before demonetisation, the cash to GDP ratio was something like 12 per cent. Going forward, that should come down if demonetisation is to be deemed successful," he said while addressing a gathering here last night.

  • CEA wonders whether Air India should 'exist at all' Mar 02, 2017 04:30 PM IST

    CEA wonders whether Air India should 'exist at all'

    The national carrier, staying afloat on a Rs 30,000-crore bailout package from the central government, is working on ways to improve its financial position. In the last fiscal ended March 2016, the airline had posted an operational profit of Rs 105 crore.

  • India's economic, political systems yet to mature: Subramanian Mar 02, 2017 02:54 PM IST

    India's economic, political systems yet to mature: Subramanian

    Voicing concerns that judiciary has acquired more authority than legislators, he said the society has become highly litigious and vouched for independent regulatory institutions that are free from political interference.

  • GST rollout will reduce disparity among states: CEA Feb 10, 2017 07:46 AM IST

    GST rollout will reduce disparity among states: CEA

    Under GST regime, no state can offer incentives to attract investments. GST will be placing some restriction on states in placing incentives to industries... So, GST would actually promote convergence and reduce divergence among states," Subramanian said in Q&A in Facebook on Economic Survey and Indian Economy.

  • Can universal basic income be rolled out in India? FM answers Feb 06, 2017 09:05 PM IST

    Can universal basic income be rolled out in India? FM answers

    Finance Minister Arun Jaitley thinks universal basic income is a good tool to help alleviate poverty in India, but is apprehensive whether states and the Centre will come on board over the radical idea if it is taken up for consideration.

  • Rating agencies follow 'poor, inconsistent' standards: CEA Jan 31, 2017 06:00 PM IST

    Rating agencies follow 'poor, inconsistent' standards: CEA

    Chief Economic Advisor Arvind Subramanian today slammed global rating agencies for following "inconsistent" standards while rating India vis-a-vis China, saying they have not taken into account reforms measures like GST, which is a "poor" reflection on their credibility.

  • India Economic Survey 2017: CEA's India growth projection too pessimistic, says Panagariya Jan 31, 2017 05:37 PM IST

    India Economic Survey 2017: CEA's India growth projection too pessimistic, says Panagariya

    In an exclusive conversation with CNBC-TV18, Arvind Panagariya says that with remonetisation substantially accomplished, FY18 growth targets should not be a problem.

  • No records of fake currency deposited in banks: RBI Jan 24, 2017 12:46 PM IST

    No records of fake currency deposited in banks: RBI

    Responding to an RTI inquiry from Mumbai-based activist Anil Galgali seeking to know the extent of fake currency found in demonetised notes of Rs 1,000 and Rs 500 deposited in banks till December 10, 2016, the RBI has said no information is available with it.

  • Experts see a case for RBI rate cut in February Dec 13, 2016 07:05 PM IST

    Experts see a case for RBI rate cut in February

    Ashutosh Khajuria, ED at Federal Bank and Anubhuti Sahay, Head of South Asia Economic Research (India) at Standard Chartered Bank believe there is scope for rate cut by the RBI in its February policy.

  • GST Council to meet tomorrow, decide on tax rate by October 20 Oct 17, 2016 03:08 PM IST

    GST Council to meet tomorrow, decide on tax rate by October 20

    With the finance ministry setting November 22 as the deadline for building consensus on all the issues in the Council, the upcoming meeting is significant as it will decide on the most crucial aspect of tax rate that will have a bearing on the common man.

  • Average inflation this year could be closer to 4.5%: SBI Oct 13, 2016 06:47 PM IST

    Average inflation this year could be closer to 4.5%: SBI

    Soumya Kanti Ghosh Chief Economic Advisor of SBI said that their projections were a clear 20 basis points down the September inflation rate.

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