Former chief statistician Pronab Sen said that even though India's fiscal deficit will go up from 3.5 per cent to 9.5 per cent in the current fiscal ending March, but in terms of the current year's expenditure, the country is pretty much at status quo

Most successful, industrialised and fast-growing Asian economies like Japan, South Korea, China, and Vietnam followed this model, as did Indonesia, Malaysia, and Thailand. Why can't India?

Addressing the Ficci Annual Convention, Kant said the government is also working towards bringing down the cost of logistics

Sen said that although the overall macro management of the economy by the Modi government has not been very good but this particular slowdown is really beyond its control

Several critical high-frequency indicators show that in August and September the improvements noticed in June and July reversed; high-frequency data, in any case, tells the story of organised sector but not unorganised sector contributing 45% to GDP

R Baskar Babu, Co-founder and CEO, Suryoday Small Finance Bank, says the moratorium was around 80 per cent, to begin with, which dropped to 35 per cent in August, the last month of it

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

Representatives of various industry bodies suggested that banks should not charge interest on interest and instead only recover the cost of finance from borrowers who availed moratorium on loans

The government will levy 5 per cent tax on foreign remittances, subject to riders, starting October 1

According to him, a lot of companies for no fault of theirs could be declared non-performing assets (NPAs) if the process took more than three months

The SC bench, led by Justice Ashok Bhushan, was hearing petitions seeking waiver of accruing interest and extension of the six-month loan moratorium period allowed by the Reserve Bank of India (RBI)

Economists suggested the stimulus to be 2% of the GDP and should be shared between central and state governments so that the burden is evenly distributed between them and benefits are also shared in the same proportion

The Council members observed that after they met the Commission in April, the lockdown was extended and since then restrictions were being lifted in a phased manner, resulting in the gradual resumption of economic activities

Latest job loss survey and national accounts statistics point to the need for strengthening PDS supply and cash transfers to reach more people, assisting self-employed/micro-enterprises, additional allocation for MGNREGS and a job scheme for urban areas

RBI data shows excess liquidity is lying idle, parked in its own reverse repo account, and burdening it with higher interest payouts. This could be tapped and channelised for additional fiscal spending to stimulate growth through government bonds

In India, it's been a waiting and guessing game. To many, the inordinate delay in announcing the second stimulus is worrying, intriguing - even frustrating

India badly needs a stimulus. Here's how to find the money

To an economy passing through demand depression and high unemployment, the lockdown would add supply-side stress, accelerating the slowdown further and jeopardising the economic wellbeing of millions

National Statistical Office has revised first quarter GDP growth numbers from 5 per cent to 5.6 per cent and second quarter numbers from 4.5 per cent to 5.1 per cent -- growth rate of both quarters revised upwards 60 basis points

Part II of this two-part series looks at another area of off-budget financing that has escaped CAG's attention - 'strategic disinvestment' in CPSEs the tabs for which are picked by other CPSEs. This is worrisome as it threatens to jeopardise financial health of many CPSEs, including the 'navaratnas' for short-term fiscal gains