In a conversation with Moneycontrol, the economist details Bihar's economic trajectory and the challenges it ought to address to continue its growth
“We are making provision for small modular nuclear reactors to produce sustained base energy, because renewable yet to find its storage system,” she said.
The Trump tariffs make the WTO more and more dysfunctional, says the economist and former MP
The World Bank should also look at the possibility of tapping pension funds to increase its capital base and its capacity to fund development projects in developing nations.
These comments assume significance at a time when there is a raging debate between the Union government and a few southern states on sharing of Central funds
The Chairman of the 15th Finance Commission spoke to Moneycontrol on a range of issues from India’s fiscal commitments to the one nation, one election proposal
The former bureaucrat flagged concerns about the methodologies used by credit rating companies since they don’t apply common standards for all countries.
The comment from the Chairman of the erstwhile 15th Finance Commission comes on a day when RBI Governor Shaktikanta Das on February 8 noted that the supervisory action against Paytm was taken due to repeated instances of non-compliance despite providing ample time for corrective measures.
The report will look at sources of funding to meet existing and emerging global challenges from the Covid pandemic, war, etc, said the Chief Economic Advisor.
Singh called for the benchmarking of states on several parameters like education, health, and ease of doing business.
Fifteenth Finance Commission (FFC) Chairman NK Singh also said a mechanism needs to be created for constant dialogue between the Centre and states on various issues, to fill a vacuum left by the abolition of the Planning Commission.
The report titled 'Finance Commission in Covid Times' was submitted by N K Singh along with members of the Commission — Ajay Narayan Jha, Anoop Singh, Ashok Lahiri and Ramesh Chand.
When asked whether the states would continue to receive 14 percent compensation, Singh said that the matter was not under the purview of the GST Council.
The statement comes after doubts were raised by the NSSO over the veracity of the MCA-21 database used in GDP calculations.
Singh also flagged concerns on the dependability on revenue projections under the GST framework as a challenge before the panel, whose recommendations will be enforced between fiscals 2020 to 2025.
Arvind Panagariya of NITI Aayog believes that we need multiple instruments to alleviate the non-performing assets (NPA) pain.
The distinction between the government‘s capital and revenue expenditure should be abolished, Fiscal Responsibility and Budget Management (FRBM) review committee head and former revenue secretary NK Singh said.
In a widely anticipated move, the Finance Minister Arun Jaitley pegged the fiscal deficit target at 3.2 percent of GDP for 2017-18.
The panel appointed by the central government to review the 12-year-old Fiscal Responsibility and Budget Management (FRBM) Act will likely go into the subject of central as well as state finances, its Chairman NK Singh says.
The main job of the panel is to review how FRBM Act has worked out in last few years and if any changes are needed in it, CEA Arvind Subramanian told CNBC-TV18.
In an interview with CNBC-TV18, BJP member NK Singh and HCC chief Ajit Gulabchand discussed the politico-economic situation and shared their reading of whether they expect the Bihar polls to make or mar the government's reforms agenda.
Speaking to CNBC-TV18‘s Shereen Bhan, Congress spokesperson Randeep Singh Surjewala said Arun Jaitley‘s Union Budget 2015-16 was “anti-farmers†as it ignores agriculture.
The Centre accepted the 14th Finance Commission‘s proposal to devolve more funds to state governments. Discussing the impact of the move, bureaucrat-turned-politician NK Singh from BJP said the new government believes in moving away from colonial beliefs.
Prime Minister Narendra Modi, in his Independence Day address, had announced that the Planning Commission would be scrapped and replaced with a new institution.