Jayanta Roy Chowdhury

Government builds on plans for import substitution to slash bills

Catalysing electronics manufacturing has been one of the goals of ‘Make in India’ project though with limited success.

13 Nov 2019

Moody’s outlook downgrade effect for Indian economy will hit fiscal space

According to finance ministry officials, plans to increase borrowings to spend on infrastructure and social welfare would be crimped by the rating change.

10 Nov 2019

'Ban Rs 2000 notes', says former finance secy Garg; warns against 'quick fixes' to reverse low growth 

'A good chunk of Rs. 2000 bank-notes which accounts for approximately a third of India’s currency notes by value, are actually not in circulation, having been hoarded,' said Garg.

08 Nov 2019

India chickening out on chicken's leg in trade deal with US?

As part of the Indo-US trade negotiations currently underway, the Government is believed mulling a proposal to slash duty on American chicken products to a more reasonable 30 per cent.

06 Nov 2019

India, Germany to resume stalled talks on trade

The comprehensive economic pact with EU, which includes both a free trade pact and an investment treaty, has been in limbo after years of back-breaking negotiations. 

02 Nov 2019

Sensex's record high does not reflect economic slowdown, sliding revenues of India Inc

A Crisil report released earlier this month showed that corporate revenues actually declined in the second quarter of fiscal 2019-2020 for the first time in 14 quarters.

31 Oct 2019

RCEP unlikely to accept India’s plea for changes

Officials, diplomats concede that Delhi’s requests for negotiations came a bit late

31 Oct 2019

PM Modi, Saudi King condemn terrorism; sign business deals worth USD 15 billion at key financial summit

Saudi Arabia on Tuesday announced that 23 investment agreements totalling more than USD 15 billion in value were signed on the first day of a three-day high-profile financial summit.

30 Oct 2019

Efforts on to fast-track India's free trade agreements with UK, EU

As UK’s deadline for EU exit is postponed to January 31, India is burying past hiccups to speed up free trade pacts.

29 Oct 2019

Government to go for strategic disinvestment of BSNL and MTNL post Diwali

Officials said that sale of their assets and bonds would be used to revive the two as a merged entity.

27 Oct 2019

Electronics, tariff cut to be back-loaded, ailing sectors to find relief in India's RCEP deal

The government's aim will be to back-load opening up markets in sensitive sectors such as automobiles and auto parts, textiles and readymade garments, leather goods etc.

26 Oct 2019

Government to amend RBI act to give more power over co-operative banks

The mutli-state co-operatrives act may also be reworked as part of the exercise, they said.

22 Oct 2019

Government to push infra investments, PSUs disinvestment

The central government is also planning to increase the ceiling for foreign portfolio investors in various sectors at par with the foreign direct investment (FDI) limits

20 Oct 2019

Revenue slippage puts government’s fiscal deficit goal at risk 

At the same time, it is likely to be difficult for the government to make up the numbers by stepping up the disinvestment target or by selling airwaves, given market uncertainties.

18 Oct 2019

Don’t waste time worrying about monetary policy, economy in tailspin: Nobel laureate Abhijit Banerjee

Put money in people’s pockets to address drop in demand, suggests the Nobel laureate

16 Oct 2019