Surjit Bhalla
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Ahead of RBI policy, Surjit Bhalla wants MPC to cut rate by 200 bps, says central bank shouldn't be carried away by 6.3% GDP
Aprameyar •The RBI MPC’s reluctance to cut rate means that no businesses can survive as the cost of working capital is high and no entrepreneur will be willing to hire new people, Surjit Bhalla said.
Govt nudges RBI to cut policy rate earlier than March as it expects inflation to stay close to 4%
•The government can’t afford to boost public investment without endangering the commitment to fiscal consolidation that helped persuade Moody’s Investors Service this month to award India its first sovereign credit rating upgrade in nearly 14 years.
Govt seeks up to 100% dividend from 12 public sector firms as fears of tax revenue shortfall loom
•The demand has been made following a finance ministry assessment on 25 October of the financial health of 14 state companies, including top miner NMDC Ltd and trading firm MMTC Ltd
Govt likely to stick to deficit target, may step up bank reform, says PMEAC member Surjit Bhalla
•Economic growth slipped to its lowest level in three years in the first quarter, logging an annual rate of 5.7 percent
PM's Economic Advisory Council to meet at NITI Aayog today, take stock of all issues, formulate advice
•Economic Advisory Coucil held a brainstorming session with stakeholders on Monday in the run up to its first meeting on Wednesday
Narendra Modi gets a stellar economic advisory panel but will he listen to it in an election year?
Seetha •Much of what needs to be done for the economy is well-known and it is quite likely that the PMEAC will reiterate those points
PM Narendra Modi sets up economic advisory council; Bibek Debroy chairman
Fp Staff •The economic advisory council will analyse issues, economic or otherwise, referred to it by the Prime Minister and advise him accordingly
Demonetisation: PM Modi to discuss jobs, agri woes with NITI Aayog officials, experts
Fp Staff •The group will hold an initial discussion with the prime minister in the morning and again deliberate on the issues separately
What the numbers say: Australia should win the World Cup, India will be in semis
Fp Editors •Two cricket loonies have worked out a statistical databank from which it is possible to predict outcomes of games two times out of three. This tells us that Australia should win the 11th ODI World Cup.
Cutting subsidies is key to fiscal correction: Surjit Bhalla
Manika •Economist Surjit Bhalla of Oxus Investment says that the budget must target subsidies and also reduce the NREGA allocations next year.