The large pile-up of non-performing assets of state-owned banks is a “very hard” problem and the government has been in some ways little behind the curve, chief economic adviser Arvind Subramanian said.
But this time, the government responded almost immediately. Finance minister Arun Jaitley mounted a strong defence of Subramanian — he was appointed by the government in October 2014 — and pointed out that the BJP too did
Despite a 13 per cent growth in sales in the fourth quarter ended March 2016, led by demand in the affordable housing category, the National Capital Region (NCR) witnessed a rise in unsold inventory by almost 14 per cent to h
If roads sector witnessed major initiatives from the government in terms of fast-tracking of road development over the last one year, the report states that progress has not been at desired pace due to sluggish economic recov
According to a report, based on the study of corporate results of 200 companies, around 60 companies have reported an aggregate decline in debt levels of more than Rs 6,862 crore in the year ended March 2016.
The Finance Bill has also been amended to allow for extension of weighted deduction of expenditure incurred on notified agricultural projects till March 31, 2020 as opposed to March 31, 2018 proposed earlier.
The committee, attached to the Ministry of Finance, held its second meeting on Wednesday which was attended by Finance Minister Arun Jaitley. Some members also suggested that a committee be constituted to finalise the recover
While the sector continues to remain troubled with issues of high unsold inventory, delayed delivery of projects and financial stress on developers, the only segment that showed some signs of a rebound was the affordable hous
Author-historian Sunil Khilnani on the 50 ‘angry men and women’ of his latest book Incarnations, why India has a
‘small time horizon’ to seize the moment, the connection between inequality and ‘some of the politic
The rise in cash with the public despite deposit growth for FY16 at 9.9 per cent being the lowest since 1962, and inflation too being low. “You can see that there is a spike not just in the state going to polls but also in
ANNOUNCING it was acting on the directions of the Prime Minister, the government said Monday it was constituting a special multi-agency group to look into all cases of Indians setting up offshore entities in tax havens after
Chidambaram said GK Pillai, the then Union home secretary, had seen the papers pertaining to Ishrat Jahan encounter case at least thrice and questioned why only those papers which can call Pillai’s bluff have gone missing n
Budget 2016: In an unusual move, PM-appointed secretaries' panel on 'Innovative Budgeting' came out with an 11-point recommendation on innovative budgeting. The panel wants the annual Budget to be unveiled mid-December rather
S Ramadorai underlines the importance of vocational training along with education, says the change has to start from parents, and explains why, in the absence of any standards or data, and because of the number of people in t
A government panel headed by Chief Economic Adviser Arvind Subramanian set up to decide on the goods and services tax (GST) rates has recommended a revenue-neutral rate (RNR) of 15-15.5 per cent, with a standard rate of 17-18
Pakistan, France, China and Germany also have ‘pay-as-you-go’ model schemes —whereby state benefits to retirees are paid out of contributions from current workers for their defence personnel, like in India.