8 - 14 February, 2020

Home » Publication » Weekly Updates on Indian Economy prepared by GIFT Young Scholars Forum »  8 - 14 February, 2020

Weekly Updates on Indian Economy

08th February 2020 to 14th February 2020

 

National Accounts and state of the economy

  1. Budget has no roadmap for a 5 trillion economy
    https://www.thehindubusinessline.com/opinion/budget-has-no-roadmap-to-a-5-trillion-economy/article30785036.ece
  2. CEA sees growth rebounding to 6%
    https://cdn.splessons.com/spf/c81e728d9d4c2f636f067f89cc14862c/wp-content/uploads/2020/02/february-1-articles-economy-the-hindu-splessons.pdf
  3. Economy not in trouble: asserts FM
    https://www.thehindu.com/business/Economy/economy-not-in-trouble-asserts-finance-minister/article30794639.ece

https://www.firstpost.com/business/economy-not-in-trouble-green-shoots-visible-with-country-moving-towards-5-trillion-economy-nirmala-sitharaman-8029271.html

  1. Facing up to realities
    https://www.thehindu.com/opinion/op-ed/facing-up-to-realities/article30785740.ece
  2. It may not be too late for efforts that can rescue growth in India

https://www.livemint.com/opinion/columns/it-may-not-be-too-late-for-efforts-that-can-rescue-growth-in-india-11581616166447.html

  1. India can do more to put its economy on a firm footing

https://www.livemint.com/opinion/online-views/india-can-do-more-to-put-its-economy-on-a-firm-footing-11581527597968.html

  1. Lessons from how Western economies got ahead of us

https://www.livemint.com/opinion/columns/lessons-from-how-western-economies-got-ahead-of-us-11581357857629.html

  1. States’ economic performance has gone south

https://www.livemint.com/news/india/states-economic-performance-has-gone-south-11581349543416.html

  1. Retail inflation rose to 7.59% in January – the highest since May 2014

https://scroll.in/latest/952934/retail-inflation-rose-to-7-59-in-january-the-highest-since-may-2014
https://timesofindia.indiatimes.com/business/india-business/inflation-at-68-month-high-iip-shrinks-in-december/articleshow/74108851.cms

https://www.thehindu.com/business/Economy/inflation-climbs-industrial-output-contracts-yet-again/article30803469.ece

  1. Long road to revival

https://www.business-standard.com/article/opinion/long-road-to-revival-120021301982_1.html

  1. The determinants of household savings in India

https://www.business-standard.com/article/opinion/the-determinants-of-household-savings-in-india-120021201923_1.html

 

 

Public Finance

  1. Dividend tax changes: who gains who lose
    https://www.thehindubusinessline.com/opinion/columns/aarati-krishnan/dividend-tax-change-who-gains-who-loses/article30764201.ece
  2. Some thoughts on the Budget

https://www.business-standard.com/article/opinion/some-thoughts-on-the-budget-120021200127_1.html

  1. As the Govt's debt rises, will it need another fiscal escape clause soon?

https://www.business-standard.com/article/opinion/escaping-from-the-escape-clause-120021200126_1.html

  1. Duties & Customs: Need to Excise With Caution

https://economictimes.indiatimes.com/blogs/et-commentary/duties-customs-need-to-excise-with-caution/

  1. Budget will fuel growth with stability ?
    https://www.thehindubusinessline.com/opinion/budget-will-fuel-growth-with-stability/article30777015.ece
  2. The problem with setting ambitious revenue targets
    https://www.newindianexpress.com/opinions/editorials/2020/feb/11/the-problem-with-setting-ambitious-revenue-targets-2101646.html
  3. GST Compensation to states from cess alone: says Finance Minister
    https://www.business-standard.com/article/economy-policy/states-may-not-get-gst-compensation-in-full-says-finance-ministry-120021100033_1.html
  4. How Believable are the Modi Govt's Tax Revenue Projections for FY'21?

https://thewire.in/economy/tax-revenue-projections-fy-21-budget

  1. States may also get an escape clause to breach fiscal deficit

https://www.livemint.com/politics/policy/states-may-also-get-an-escape-clause-to-breach-fiscal-deficit-11581620694513.html

  1. Union budget: An opportunity lost to boost economic growth

https://www.livemint.com/opinion/columns/union-budget-an-opportunity-lost-to-boost-economic-growth-11581615348738.html

  1. Budget 2020: Centre laid foundation for $5 trillion economy by 2024-25, focussed on increasing consumption, says Nirmala Sitharaman

https://www.firstpost.com/business/budget-2020-centre-laid-foundation-for-5-trillion-economy-by-2024-25-focussed-on-increasing-consumption-says-nirmala-sitharaman-8022651.html

  1. Budget proposal on remittances abroad triggers fears of double taxation

https://www.business-standard.com/article/economy-policy/budget-proposal-on-remittances-abroad-triggers-fears-of-double-taxation-120021101744_1.html

  1. Why fiscal rules should be revisited

https://www.business-standard.com/article/opinion/why-fiscal-rules-should-be-revisited-120021301994_1.html

  1. Soon, a panel to address fiscal policy issues

https://www.thehindu.com/business/soon-a-panel-to-address-fiscal-policy-issues/article30812788.ece

  1. Proposed tax regime complicating system’
    https://www.thehindu.com/business/proposed-tax-regime-complicating-system/article30812889.ece

 

Banking and Central Bank related

  1. Ministry working on FRDI Bill, but can’t commit to time : Finance Minister
    https://www.thehindu.com/business/Economy/union-finance-minister-nirmala-sitharaman-press-conference-in-mumbai-on-february-7-2020/article30762445.ece

https://www.thehindubusinessline.com/economy/working-on-frdi-bill-but-cant-commit-to-timeline-fm/article30764796.ece

  1. Banks get no respite as Q3 slippages rise
    https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-get-no-respite-as-q3-slippages-rise/articleshow/74053792.cms?from=mdr
  2. Balanced approach to monetary easing
    https://www.thehindubusinessline.com/opinion/balanced-approach-to-monetary-easing/article30776945.ece
  3. India needs more ambitious structural, financial sector reforms urgently, says IMF

https://scroll.in/latest/953088/india-needs-more-ambitious-structural-financial-sector-reforms-urgently-says-imf

  1. RBI moves to yield curve control as rate cuts fail to deliver

https://www.livemint.com/politics/policy/rbi-moves-to-yield-curve-control-as-rate-cuts-fail-to-deliver-11581466845773.html

  1. For the rupee, RBI intervention is a bigger force than coronavirus

https://www.livemint.com/market/mark-to-market/for-the-rupee-rbi-intervention-is-a-bigger-force-than-coronavirus-11581446545069.html

  1. Bad loans of public sector banks fall to Rs 7.27 lakh cr at end of September 2019: Nirmala Sitharaman

https://www.firstpost.com/business/bad-loans-of-public-sector-banks-fall-to-rs-7-27-lakh-cr-at-end-of-september-2019-nirmala-sitharaman-8026381.html

  1. RBI planning umbrella entities for retail payment systems with paid-up capital of at least Rs 500 crore

https://indianexpress.com/article/business/banking-and-finance/rbi-planning-umbrella-entities-for-retail-payment-systems-with-paid-up-capital-of-at-least-rs-500-cr-6263543/

  1. Private investments making a turnaround: Reserve Bank

https://www.newindianexpress.com/business/2020/feb/13/private-investments-making-a-turnaround-reserve-bank-2102744.html

 

 

 

 

 

Industry, Manufacturing, Services and Technology

  1. The economics of artificial intelligence
    https://www.business-standard.com/article/opinion/ajay-agrawal-explains-economics-of-ai-and-what-organisations-can-do-with-it-120020701722_1.html
  2. The dangers of India’s rising tariff walls

https://www.livemint.com/news/india/the-dangers-of-india-s-rising-tariff-walls-11581521558549.html

  1. Auto sector crisis: It's amber light for motown as demand unlikely to revive in FY21; revenue growth, margins to be subdued, says eport

https://www.firstpost.com/business/auto-sector-crisis-its-amber-light-for-motown-as-demand-unlikely-to-revive-in-fy21-revenue-growth-margins-to-be-subdued-says-eport-8023441.html

 

External Sector

  1. The high cost of raising trade walls
    https://www.thehindu.com/opinion/lead/the-high-cost-of-raising-trade-walls/article30765668.ece
  2. Keep the RCEP option open
    https://www.thehindubusinessline.com/opinion/columns/g-parthasarathy/india-must-keep-rcep-option-open/article29999798.ece
  3. India calling for trouble at WTO with fresh duties on mobile phone parts
    https://www.thehindubusinessline.com/economy/india-calling-for-trouble-at-wto-with-fresh-duties-on-mobile-phone-parts/article30777184.ece
  4. No merit in holding huge forex reserves

https://www.thehindubusinessline.com/opinion/no-merit-in-holding-huge-forex-reserves/article30793784.ece

 

Agriculture and Rural Economy

  1. For Farmers Facing India's Biggest Locust Attack, Govt Provides Insufficient Relief

https://thewire.in/agriculture/india-locust-attack-relief-farmers

  1. Giving PM-KISAN the multiplier effect

https://www.thehindubusinessline.com/opinion/giving-pm-kisan-the-multiplier-effect/article30812647.ece

 

Columns by Joseph Stiglitz and Paul Krugman

  1. How Trump Got Trickled Down: He pretended to be different. He was lying.

https://www.nytimes.com/2020/02/10/opinion/trump-budget-2020.html