15 - 21 February, 2020

Home » Publication » Weekly Updates on Indian Economy prepared by GIFT Young Scholars Forum »  15 - 21 February, 2020

Weekly Updates on Indian Economy

(15th Feb 2020 to 21st Feb 2020)

 

National Accounts and state of the economy

  1. NSO Will Not Release Report Showing First Decline in Consumer Expenditure in 40 Years

https://thewire.in/economy/nso-consumer-expenditure-report-release

  1. Moody's Cuts India's 2020 Growth Forecast to 5.4% Amid Coronavirus Fears

https://thewire.in/economy/moodys-india-2020-growth-forecast-coronavirus

  1. Opinion | Steer clear of policy shocks to achieve economic goals

https://www.livemint.com/opinion/online-views/steer-clear-of-policy-shocks-to-achieve-economic-goals-11582218700352.html

  1. Opinion | India needs a ground-up growth model for an inclusive economy

https://www.livemint.com/opinion/online-views/india-needs-a-ground-up-growth-model-for-an-inclusive-economy-11582134282792.html

  1. The key to solving India’s unemployment problem is to boost female entrepreneurship

https://scroll.in/article/953771/the-key-to-solving-indias-unemployment-problem-is-to-boost-female-entrepreneurship

  1. What India really needs: A mass uprising to ensure inclusive economic growth

https://scroll.in/article/950140/what-india-really-needs-a-mass-uprising-to-ensure-inclusive-economic-growth

  1. Government not to release survey showing first fall in consumer spending in over 40 years: Report

https://scroll.in/latest/953512/government-not-to-release-survey-showing-first-fall-in-consumer-spending-in-over-40-years-report

  1. Exports falls for 6th month in a row, imports for 10th month
    https://timesofindia.indiatimes.com/business/india-business/exports-fall-for-6th-mth-in-row-imports-for-10th-mth/articleshow/74144061.cms
  2. India must focus on skill based education
    https://www.thehindubusinessline.com/opinion/india-must-focus-on-skill-based-education/article30822948.ece
  3. Institutional reforms
    https://www.business-standard.com/article/opinion/institutional-reforms-120021600889_1.html
  4. Trade Agreement with US only delayed, not stuck
    https://www.thehindu.com/news/national/trade-deal-with-us-delayed-not-stuck-says-government/article30863583.ece
  5. India’s race for higher growth
    https://www.business-standard.com/article/opinion/india-s-race-for-higher-growth-120021901531_1.html
  6. India can be the next big global supplier
    https://www.thehindubusinessline.com/opinion/india-can-be-the-next-big-global-supplier/article30873229.ece
  7. Why India’s census is in trouble
    https://www.business-standard.com/article/opinion/why-india-s-census-is-in-trouble-120022100050_1.html

Public Finance

  1. Union Budget Was 'Disappointing', but Fiscal Measures Welcome: PMEAC Member Ashima Goyal

https://thewire.in/economy/union-budget-was-disappointing-but-fiscal-measures-welcome-pmeac-member-ashima-goyal

  1. GST authorities detect fraud of over Rs 214 cr, made bogus e-way bills to back fake invoices; accused arrested

https://www.firstpost.com/business/gst-authorities-detect-fraud-of-over-rs-214-cr-made-bogus-e-way-bills-to-back-fake-invoices-accused-arrested-8064481.html

  1. Despite Budget 2020’s tall claims, it falls short on its promise to reduce the gender gap

https://scroll.in/article/953576/despite-budget-2020s-tall-claims-it-falls-short-on-its-promise-to-reduce-the-gender-gap

  1. Nirmala Sitharaman says Centre has not set any time frame to remove income tax exemptions

https://scroll.in/latest/953383/nirmala-sitharaman-says-centre-has-not-set-any-time-frame-to-remove-income-tax-exemptions

  1. Opinion: Why Individuals don’t like budget
    https://www.thehindubusinessline.com/opinion/why-individuals-dont-like-budgets/article30790349.ece
  2. India’s GST collection is below potential: IMF Team
    https://timesofindia.indiatimes.com/business/india-business/indias-gst-collections-are-below-potential-imf-team/articleshow/74166471.cms
  3. More than 90 percent of large GST payers file return for 2017-18
    https://economictimes.indiatimes.com/news/economy/finance/about-92-of-large-taxpayers-filed-annual-returns-for-2017-18-gstn/articleshow/74160188.cms?from=mdr
  4. FRBM not breached in the budget: Sitharaman
    https://economictimes.indiatimes.com/news/economy/policy/frbm-not-breached-in-the-union-budget-nirmala-sitharaman/articleshow/74159981.cms
  5. Taxing the digital economy
    https://www.business-standard.com/article/opinion/taxing-digital-economy-120021801307_1.html
  6. Reforming GST
    https://www.business-standard.com/article/opinion/reforming-gst-120021901323_1.html

Industry, Manufacturing, Services and Technology

  1. India Inc's Salary Hikes May be Lowest in a Decade at 9.1%: Survey

https://thewire.in/economy/india-inc-salary-hikes-low

  1. Opinion | Corporate governance should not be left to investors

https://www.livemint.com/opinion/online-views/corporate-governance-should-not-be-left-to-investors-11582046533576.html

  1. Indian firms may offer 9.1% pay hike, lowest in decade

https://www.livemint.com/news/india/indian-firms-may-offer-9-1-pay-hike-lowest-in-decade-11582022153432.html

  1. Banks will have to pay price if any telco files for bankruptcy: SBI Chairman Rajnish Kumar

https://www.livemint.com/industry/telecom/banks-will-have-to-pay-price-if-any-telco-files-for-bankruptcy-sbi-chairman-rajnish-kumar-11581772757778.html

  1. Objective of kick-starting growth not addressed effectively in Budget: Subhash Chandra Garg

https://www.livemint.com/news/india/objective-of-kick-starting-growth-not-addressed-effectively-in-budget-subhash-chandra-garg-11581778336837.html

  1. Coronavirus outbreak: India should capture $20 bn space in apparel market ceded by China, says textiles ministry

https://www.firstpost.com/business/coronavirus-outbreak-india-should-capture-20-bn-space-in-apparel-market-ceded-by-china-says-textiles-ministry-8064951.html

  1. India’s fondness for internet shutdowns has cost it over Rs 19,000 crore in just nine years

https://scroll.in/article/953778/indias-fondness-for-internet-shutdowns-has-cost-it-over-rs-19000-crore-in-just-nine-years

  1. Telecom crisis: Why India should consider buying embattled Vodafone Idea and merging it with BSNL

https://scroll.in/article/953590/telecom-crisis-why-india-should-consider-buying-embattled-vodafone-idea-and-merging-it-with-bsnl

  1. How budget has impacted the life insurance firms
    https://www.thehindubusinessline.com/portfolio/commodity-analysis/how-has-budget-impacted-life-insurance-companies/article30828868.ece

 

Agriculture and Rural Economy

  1. Ground Report: Why Farmer Suicides in Telangana Continue Unabated

https://thewire.in/agriculture/ground-report-why-farmer-suicides-in-telangana-continue-unabated

  1. Govt Revamps PMFBY Crop Insurance Scheme, Makes Farmer Registration Voluntary

https://thewire.in/agriculture/pmfby-crop-scheme-voluntary

  1. Nothing in the budget for rural sector
    https://www.thehindubusinessline.com/opinion/nothing-in-the-budget-for-rural-sector/article30835164.ece
  2. PM Kisan scheme’s  benefits not reaching tillers
    https://economictimes.indiatimes.com/news/politics-and-nation/pm-kisan-scheme-benefits-not-reaching-tillers-rbi-directors/articleshow/74218035.cms
  3. US-india trade deal: a threat to diary sector
    https://www.thehindubusinessline.com/opinion/us-india-trade-deal-a-threat-to-dairy-sector/article30844202.ece

 

 

 

External Sector

  1. Virus may hit 28 percent of India’s imports
    https://timesofindia.indiatimes.com/business/india-business/virus-may-hit-28-indian-imports/articleshow/74143474.cms
  2. India - US trade deal yet to shape up even as the oil contracts appear likely
    https://www.thehindubusinessline.com/economy/india-us-trade-deal-yet-to-shape-up-even-as-oil-contracts-appear-likely/article30836157.ece
  3. In US trade action, an Indian counter strategy
    https://www.thehindu.com/opinion/lead/in-us-trade-action-an-indian-counter-strategy/article30854131.ece
  4. An economist’s guide to spending Jeff Bezos’ billions on climate change

https://www.livemint.com/news/world/an-economist-s-guide-to-spending-jeff-bezos-billions-on-climate-change-11582110296419.html

  1. ‘We’re not treated very well’: Donald Trump says he may postpone possible US-India trade deal

https://scroll.in/latest/953607/were-not-treated-very-well-donald-trump-says-he-may-postpone-possible-us-india-trade-deal

 

Banking and Monetary Policy

  1. RBI remains focused on growth, says governor Shaktikanta Das

https://www.livemint.com/industry/banking/rbi-remains-focused-on-growth-says-governor-shaktikanta-das-11582079089058.html

  1. The big news: RBI flags loan default concerns as telcos pay part of dues, and 9 other top stories

https://scroll.in/latest/953503/the-big-news-rbi-flags-loan-default-concerns-as-telcos-pay-part-of-dues-and-9-other-top-stories

  1. RBI governor rules out spike in inflation due to Budget proposals

https://scroll.in/latest/953258/rbi-governor-rules-out-spike-in-inflation-due-to-budget-proposals

  1. PSU Banks not out of the woods yet
    https://www.business-standard.com/article/opinion/psu-banks-not-out-of-the-woods-yet-120021600764_1.html
  2. The unintended fallout of RBI’s loose money
    https://www.business-standard.com/article/opinion/the-unintended-fallout-of-rbi-s-loose-money-120021600892_1.html
  3. Are mega bank mergers well though-out ?
    https://www.thehindubusinessline.com/opinion/columns/are-mega-bank-mergers-well-thought-out/article30862813.ece

     

Columns by Joseph Stiglitz and Paul Krugman

  1. Warren, Bloomberg and What Really Matters: Dems should be talking about financialization and fraud.

https://www.nytimes.com/2020/02/20/opinion/warren-bloomberg-debate.html

  1. Have Zombies Eaten Bloomberg’s and Buttigieg’s Brains?: Beware the Democrats of the living dead.

https://www.nytimes.com/2020/02/17/opinion/bloomberg-buttigieg-economy.html