Coal stocks at power plants touch 19 days
At the closure of December 2019 total coal stock at power plants and mine mouth was 57 million tonnes. Stocks at pit heads stood at 25.3 million tonnes, ahead by 2.1 million tonnes than a year ago period. Stocks at power plants stood at 31.63 million tonnes, sufficient for 18 days’ consumption, more than twice last year’s stock.
No space for expansionary fiscal policy: Ex-CEA Arvind Subramanian
Arvind Subramanian said the govt has no leeway to cut taxes nor it has space to hike GST rates.
India facing 'Great Slowdown', economy headed to ICU: Ex-CEA
"It is India's Great Slowdown, where the economy seems headed for the ICU," Arvind Subramanian said.
More formal jobs have been created in the economy: KV Subramanian, CEA
The chief economic advisor, Krishnamurthy Subramanian, said that there has been a significant change in the nature of employment in the coun...
Govt focusing on increasing consumption to boost economic growth: CEA
Chief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growt...
Rising GST rates will aggravate economy further: Arvind Subramanian, former CEA
The former CEA Arvind Subramanian feels that individual income-tax cut is not going to boost demand. He has been reacting to news reports th...
Recent cut in corporate tax rate was done to boost investments: CEA
"Private investment is the driver of economic growth. Steps that we are taking, be it corporate tax rate cut, be it code on wages and industrial relations, is to try and create a more favourable environment for investment," Chief Economic Adviser KV Subramanian said at the FICCI Young Leaders Summit. He said investment is required for a sustained economic growth.
India’s potential growth remains unaltered despite slowdown: CEA
“We aim to create a favourable environment for investment,” CEA said.
Evidence of measures to boost investment reflects in record FDI inflow of $35 billion: CEA
Chief Economic Advisor (CEA) KV Subramanian on Friday said the evidence of measures to boost investment was actually seen in the record FDI ...
CIL to raise fuel stock at power plants to 22 days
Following successive months of slowdown, the company has managed to raise average daily production from 1.27 million tonnes in October to 1.8 million tonnes now. This increased stocks at power plants by 64% since October to 28 million tonnes—enough for 17 days. It is almost double last year’s stock position.
Cut in corporate tax rate was needed to spur investments, boost growth: CEA Subramanian
For us (India) to achieve the goal of USD 5 trillion economy by 2024-25, and USD 10 trillion by 2030, we need to press the paddle on structural reforms, Chief Economic Adviser K V Subramanian said and explained the host of measures that the government has taken in recent times.
Credit demand in the economy is still pretty okay, says CEA Subramanian
If fundamentals had changed drastically, then demand would have been very, very low.
CEA KV Subramanian urges investments as costs low, growth ahead
According to CEA KV Subramanian, it is the right time to invest in the country as labour cost and other expenditure would be lower owing to the slowing economy and that it is investment which would spur economic growth.
Corporate tax cut is a signal to structural reforms: CEA
On the sluggishness in the GST collections, he said the tax collection varies with the nominal rate of GDP in the economy and there has been some slowdown in it.
NBFC credit problems appear to be over: CEA Subramanian
If credit is expanded at a break-neck speed, the quality may be compromised.
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