According to him, this uncertainty arising out of the health factor will stay until a vaccine for Covid-19 is developed, and spending will not pick up till then
Krishnamurthy Subramanian also says India's sovereign rating being maintained and stable outlook by S&P is good news, considering India wants to list its sovereign bonds on global indices
"We clearly see a negative shock on the health side. Economically, there will be an impact"
The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme
Recently Punjab National Bank got board approval to raise Rs 1,000 crore from market through bonds
In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha
On the day of 2019 Union Budget presentation, Sitharaman broke away from long-standing traditions of colonial-era when she ditched the briefcase and opted for traditional bahi khata
There have been similar criticisms of the methodology by other experts as well
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The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many
The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI
"The reforms that you see today are an articulation of a cogent vision that has private investments at its heart," Subramanian added
CEA K V Subramanian and DEA Secy Chakraborty both said economy will pick up in Q3 and that fundamentals of the economy remain very strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
This is in-line with most revised estimates by government bodies, research firms and ratings agencies
Our exports share is still very small. Our share of global export trade itself is about 2%, said CEA