Gains from GST and insolvency code will begin to accrue, but may not immediately translate into higher growth rates. The impact of the new government’s decisions will take a while to show. Major worries remain at home and abroad. Expect volatility in the stock markets.
Then Chief Statistician T C A Anant confirmed that the release of data was withheld. “Niti Aayog had issues with a particular proxy we used for corporate sector growth estimates,” Anant told The Indian Express.
This story of a “joint family approach”, being shared in a small circle of past directors of the RBI Central Board, holds much relevance in the context of the current debate on the optimal level of reserves the Reserve Bank must hold.
If Raghuram Rajan spoke his mind, Urjit Patel whispers it — but is as clear. With govt entering poll mode and the economy hit by headwinds, a fractious relationship will be further tested. The Indian Express explains how both sides need to communicate — and why the options are few given today’s politics and economics
While ADIA declined to comment on the questions mailed to its spokesperson, a source clarified that Aditya Bhargava is head of India real estate and has no involvement with nor has any visibility on equity investments like these which are subject to Chinese walls.
Five independent directors on the erstwhile board have written to the newly appointed chairman Uday Kotak on October 2 raising several red flags and elaborating on constraints of long-term finance that plague the infrastructure sector.
The meeting comes in the wake of nationwide protests by several groups — Dalits, Jats, Marathas and upper-castes — over a range of issues: from quotas in jobs and promotions to alleged dilution of the law meant to protect Dalits.
Rathin Roy says the increase in the CAD is partly a result of the goods and services like four-wheelers, higher education, civil aviation, and recreation travel consumed by a small percentage of the population, say 100 million.
India bounced back from 2008 crisis thanks to stimulus packages, but faltered by letting these continue. And it still has a long way to go in ensuring greater coordination between govt and financial regulators.
In the years just before the collapse of Lehman Brothers and the global crisis, India saw a boom. The strong growth of 2006-08 triggered an ‘irrational exuberance’, in which lay the seeds of many of today’s NPAs.