Jun 17, 2021 06:02 PM IST
Chief Economic advisor also said that the finance minister has mentioned front-loading of capital expenditure.
- Apr 13, 2021 08:26 PM IST
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.
- Mar 09, 2021 12:14 PM IST
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.
- Feb 04, 2021 06:37 PM IST
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.
- Jan 30, 2021 08:43 PM IST
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.
- Jan 29, 2021 01:33 PM IST
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.
- Sep 28, 2020 11:25 AM IST
"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.
- Nov 22, 2018 09:28 AM IST
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
- Jun 20, 2018 03:51 PM IST
Live updates of the press conference being held by Chief Economic Adviser Arvind Subramanian after he resigned due to family commitments.
- Nov 30, 2017 08:20 AM IST
"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.
- Apr 25, 2017 08:35 AM IST
"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.
- Apr 07, 2017 09:20 AM IST
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.
- Mar 31, 2017 09:44 PM IST
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.
- Mar 16, 2017 04:47 PM IST
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.
- Mar 14, 2017 02:31 PM IST
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.
- Mar 02, 2017 04:30 PM IST
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.
- Mar 02, 2017 02:54 PM IST
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.
- Feb 10, 2017 07:46 AM IST
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.
- Feb 06, 2017 09:05 PM IST
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.
- Jan 31, 2017 06:00 PM IST
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.
- Jan 31, 2017 05:37 PM IST
In an exclusive conversation with CNBC-TV18, Arvind Panagariya says that with remonetisation substantially accomplished, FY18 growth targets should not be a problem.
- Jan 24, 2017 12:46 PM IST
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.
- Dec 13, 2016 07:05 PM IST
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.
- Oct 17, 2016 03:08 PM IST
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.
- Oct 13, 2016 06:47 PM IST
Soumya Kanti Ghosh Chief Economic Advisor of SBI said that their projections were a clear 20 basis points down the September inflation rate.