Pmeac

Lower GST rates will lift growth without derailing fiscal deficit, says PM’s economic advisory council chairman S Mahendra Dev

PM Modi weighs next-gen reforms with senior ministers, economists

According to sources, the government appears to be drawing up a roadmap that addresses structural bottlenecks and enhances India’s growth potential

Current 4% inflation targeting framework should be retained: Sanjeev Sanyal

Instead of revising the target band, Sanyal calls for modernising the Consumer Price Index basket and base year to reflect current consumption trends more accurately.

Internal rules of ICAI, bar councils restrict emergence of India’s Big 7: Sanjeev Sanyal

'It is not a big four, it has to be a big 4 plus three, because it is a big four of audit firms plus three global consultancies,' says Sanyal

India needs 4-pronged strategy for energy security, says Sanjeev Sanyal

Need for renewables, domestic finds, diversified imports and reserves are some of the steps that India needs to take to secure its energy needs, Sanyal tells Moneycontrol

India needs export push, FTAs to power growth beyond 7%: Sanjeev Sanyal

The PM-EAC member outlines India’s plan to counter global crude shocks, sustain growth and navigate trade uncertainties in an interview to Moneycontrol

Average household spending on food declined to less than half for the first time since independence: EAC-PM paper

Bottom 20 percent households witnessed a significant shift due to better infrastructure and schemes like Pradhan Mantri Garib Kalyan Anna Yojana, which leave more money in hands of people to spend on other needs

Poonam Gupta appointed as convenor of 5-member Advisory Council to 16th Finance Commission

The Advisory Council will help broaden the sixteenth Finance Commission's ambit and understanding by seeking the best national and international practices on matters pertaining to fiscal devolution.

Muslim nations report increase in majority religion, Christian nations see decline: Study

The working paper,' Share of Religious Minorities -- A Cross-Country Analysis,' analysed the rise and fall of religious denominations in various nations, including SAARC. The authors said they looked at the demographic changes in SAARC countries because of their geographical proximity to India, and a possible spillover effect on India.

India’s Muslim population rose over 43% from 1950-2015: EAC-PM working paper

The paper is authored by EAC-PM member Shamika Ravi, Apurv Kumar Mishra, Consultant, EAC-PM and Abraham Jose, Professional, EAC-PM.

India can grow at more than 7% in FY24: Neelkanth Mishra, PM-EAC member

Mishra says India is still behind its pre-pandemic growth estimate roadmap, and more work needs to be done on the labour and capital expenditure front in order to achieve it.

MC Interview: India aims to make rupee a hard currency over next 10 years, says Sanjeev Sanyal

Much of India’s global image is dictated by indices and standards devised by the West and one way to tackle that may be for India to develop its own indices and benchmarks.

More financial institutions may fail globally, but no direct impact on India likely: PM’s advisory council member

But as interest rates keep increasing in the developed economies there could be some reversal of capital flows, and consequent impact on the exchange rate and the economy, Rakesh Mohan cautioned.

Crypto will die a natural death as investors turn to other assets: PM’s advisory council member

Crypto grew because we had near zero interest rates in developed countries for an extended period so people were searching for higher returns.

RBI may go for another rate hike in April MPC meet: PM-EAC members

Inflation in India is uncomfortably sticky. As of now it will be a closed call for RBI in its next MPC meet. It will be prudent to do one more rate hike for RBI. India should not prematurely stop rate hike and be surprised later.

Govt should seek transparency from providers of governance indicators: Sanjeev Sanyal

India's deteriorating performance in global governance indicators cannot be ignored given their influence on sovereign ratings, the member of the Economic Advisory Council to the Prime Minister has argued in a paper

Bibek Debroy bats for single GST rate, removal of tax exemptions

Debroy argued that it is the direct tax system that must be progressive, and not the indirect tax regime. As such, the GST rate should not depend on what the product is

Suppressing criticism can lead to mistakes in policymaking, says Raghuram Rajan

In an essay released on his blog, Rajan says that public criticism gives government bureaucrats the room to speak truth to their political masters.

EAC-PM rejects Arvind Subramanian's GDP claim, accuses him of cherry-picking data

The EAC-PM also accused Subramanian of blindly trusting data provided by a private agency, CMIE and distrusting government institution Central Statistics Office (CSO).

What changed for the market while you were sleeping? Here are 20 things to know

A look at top cues from domestic and international cues that could have a bearing on D-Street.

What changed for the market while you were sleeping? 20 things you should know

A look at top cues from domestic and international cues that could have a bearing on D-Street.

State of the Economy: Experts discuss the ten focus areas identified by PMEAC

Prime Minister's economic advisory council (PMEAC), the panel of economists has identified ten areas that need immediate attention for accelerating growth.

PM Modi’s economic advisory council accepts slowdown; charts out roadmap for growth

The panel has identified ten themes around which a report will be structured in the next few months

25 Since Reforms: Bimal Jalan

Watch the interview of Bimal Jalan Former Governor, RBI Chairman, PMEAC - 1991 to CNBC-TV18, in which he shared his thoughts on 25 years of reforms in India and its impact on Indian economy.

See food inflation rising; CPI better indicator: Rangarajan

Former Reserve Bank Governor C Rangarajan says prices of pulses and vegetables are likely to rise even now.