Weekly Updates on Indian Economy

(15^th Feb 2020 to 21^st 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

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

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

3. 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

4. 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

5. 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

6. 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

7. 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

8. Exports falls for 6^th month in a row, imports for 10^th month
   https://timesofindia.indiatimes.com/business/india-business/exports-fall-for-6th-mth-in-row-imports-for-10th-mth/articleshow/74144061.cms
9. India must focus on skill based education
   https://www.thehindubusinessline.com/opinion/india-must-focus-on-skill-based-education/article30822948.ece
10. Institutional reforms
    https://www.business-standard.com/article/opinion/institutional-reforms-120021600889_1.html
11. 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
12. India’s race for higher growth
    https://www.business-standard.com/article/opinion/india-s-race-for-higher-growth-120021901531_1.html
13. India can be the next big global supplier
    https://www.thehindubusinessline.com/opinion/india-can-be-the-next-big-global-supplier/article30873229.ece
14. 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

2. 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

3. 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

4. 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

5. Opinion: Why Individuals don’t like budget
   https://www.thehindubusinessline.com/opinion/why-individuals-dont-like-budgets/article30790349.ece
6. 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
7. 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
8. 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
9. Taxing the digital economy
   https://www.business-standard.com/article/opinion/taxing-digital-economy-120021801307_1.html
10. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

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

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

3. Nothing in the budget for rural sector
   https://www.thehindubusinessline.com/opinion/nothing-in-the-budget-for-rural-sector/article30835164.ece
4. 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
5. 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

5. ‘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

2. 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

3. 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

4. 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
5. 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
6. 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

2. 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