Arvind Subramanian gets one-year extension as CEA; see no glitches in GSTN: Srcs

The government has given a one-year extension to Chief Economic Advisor Arvind Subramanian. His term was to end on October 16, reports CNBC-TV18's Sapna Das.

The government has been keen to retain Subramanian at this point in time when important measures are being worked in terms of the economy.

With regards to filing of GST returns, there are no significant glitches in GSTN says the government but is concerned about the behaviour of the assesses, who are waiting to file returns till the last date, reports Sapna Das quoting sources.

According to sources, the August GST returns maybe on track.

Speaking to CNBC-TV18, Arvind Subramanian said the challenges are well known and the government is aware of them. The government has to work on many fronts including investment, exports, banking etc, he said.

Talking about the rupee appreciation, he said it is a standard challenge that all emerging economies face. “When you have confidence in the economy, capital comes in but that also puts pressure on the exchange rate, which has impact on the exports and import sectors,” he said.

The Reserve Bank of India has been intervening to stem the appreciation of the rupee, he added.

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