Arvind Subramanian News

Ashoka University management expressed regret over resignations of PB Mehta and Arvind Subramanian The University's Board of Trustees Chairman called it a tremendous loss The University's Chancellor said they will recover from this situation

The note also provides a point-to-point rebuttal to a recently published paper titled ‘India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications’ by former CEA Arvind Subramanian.

Subramanian, had published a paper “India’s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications” in June, 2019, on the basis of which he has also published an article in Indian media, making strong claims about India’s real GDP figures between 2011-12 and 2016-17.

He also said that GST design could have been much better and there should not be more than three rates going forward.

Subramanian says he realises that in making this suggestion he is up against all the eminent current and former RBI officials, who argue that the RBI actually needs all the capital it has, but they are wrong.

Rahul Gandhi also targeted former chief economic advisor, suggesting that Subramanian should have resigned if he disagreed so much with demonetisation.

The former CEA says he does not think anyone disputes that demonetisation slowed growth.

Breaking his silence on the November 8, 2016 decision of Prime Minister Narendra Modi, he says that he does not have a strongly-backed empirical view apart from the fact that the welfare costs, especially on the informal sector, were substantial.

The government on June 30 invited applications for the appointment of CEA on deputation basis after Arvind Subramanian quit the office ahead of completion of his term.

The panel has already questioned senior finance ministry officials, including Finance Secretary Hasmukh Adhia and top brass of banks, about rising bad loans.

At least a dozen government officials, policy advisers and members of the ruling Bharatiya Janata Party (BJP) told Reuters that policy making has mostly been handed over to Modi`s own office and to a coterie of right-wing and nationalist economists.

He said that we need to have radical agenda for reform of the banking sector if we want these things not happen in future.

Fitch last year kept India's sovereign rating unchanged at 'BBB-', the lowest investment grade, with stable outlook.

The former FM has been very critical of the way the NDA govt is handling the economy and the GDP growth is declining.

CEA Subramanian said that the growth projections could fluctuate in either direction, based on oil prices during the year.

One of the few men to watch out for ahead of Union Budget 2018-19 is Chief Economic Advisor Arvind Subramanian. Amid heated debates, discussions and prediction, here's taking a look at his different moods - on a lighter note.

According to CEA Arvind Subramanian, this is to extend the committee's support to the growing worldwide movement to end violence against women.

The survey was tabled in Parliament by Finance Minister Arun Jaitley.

According to Economic Survey, the rise in food inflation in recent months is mainly due to factors driving prices of vegetables and fruits.

India is expected to regain the world's fastest growing major economy tag as it is likely to clock 7-7.5 percent growth rate in 2018-19, up from 6.75 percent in the current fiscal, the Economic Survey said.