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Employees work at the assembly line of the Honda Amaze car inside the company’s manufacturing plant in Tapukara, Rajasthan.(Reuters File Photo)

V-shaped recovery of economic activity continues in Oct: CEA

By Press Trust of India | Posted by Kanishka Sarkar | New Delhi
PUBLISHED ON DEC 13, 2020 12:04 AM IST
The manufacturing sector, which has a weightage of 77.6 per cent in the IIP, recorded a growth of 3.5 per cent in October. In the year-ago period, the sector had a contraction of 5.7 per cent, according to data released by National Statistical Office (NSO) on Friday.
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Subramanian said it would be difficult to forecast whether the economy will grow in the third or fourth quarter because of the uncertain nature of the pandemic.
Subramanian said it would be difficult to forecast whether the economy will grow in the third or fourth quarter because of the uncertain nature of the pandemic.

‘Need a cautious approach to sustain growth’, says Krishnamurthy Subramanian

By Gireesh Chandra Prasad | Hindustan Times, New Delhi, New Delhi
UPDATED ON NOV 28, 2020 12:03 AM IST
The pace of contraction in GDP slowed in the September quarter to 7.5% from the devastating 23.9% contraction in the June quarter. This was aided by a rebound in manufacturing and electricity generation as well as sustained farm output.
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Chief Economic Adviser K V Subramanian said there is an upside potential in the estimates about the economy in this financial year as recovery is faster than expected.(HT Photo)
Chief Economic Adviser K V Subramanian said there is an upside potential in the estimates about the economy in this financial year as recovery is faster than expected.(HT Photo)

Estimates show ‘upside potential’ for economy this financial year: CEA

By Press Trust of India | Posted by Srivatsan K C | New Delhi
UPDATED ON NOV 27, 2020 07:59 PM IST
Given the uncertainty, the CEA said, it is difficult to predict if positive territory can be hit in the third or fourth quarter of this fiscal.
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A view of Guru Nanak Dev Thermal Power Plant and its cooling ponds in Bathinda, Punjab.(Sanjeev Kumar/HT Archive)
A view of Guru Nanak Dev Thermal Power Plant and its cooling ponds in Bathinda, Punjab.(Sanjeev Kumar/HT Archive)

CEA proposes relaxing air pollution control deadline for thermal power plants

By Jayashree Nandi | Hindustan Times, New Delhi
UPDATED ON OCT 13, 2020 11:08 AM IST
Other thermal power plants, located in areas where S02 levels are under control, can defer the installation of such equipment, the CEA said in a new report, which comes just two years before the deadline set by the environment ministry for all coal-fired power plants to meet safe emission norms.
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Interim Congress president Sonia Gandhi had formed the CEA for holding internal polls while carrying out a major organisational reshuffle on September 11.(HT Archive)
Interim Congress president Sonia Gandhi had formed the CEA for holding internal polls while carrying out a major organisational reshuffle on September 11.(HT Archive)

Congress sets in motion organisational polls, asks states to update list of AICC delegates

By Aurangzeb Naqshbandi | Hindustan Times, New Delhi
PUBLISHED ON SEP 30, 2020 08:21 AM IST
Finalising the list of AICC delegates, comprising state and central leaders, is one of the key tasks in conducting the organisational polls, as they elect the party president and the Congress Working Committee, the apex decision-making body of the 135-year-old party
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Scores11 is all set to revolutionise the already charged up online gaming apps landscape of India
Scores11 is all set to revolutionise the already charged up online gaming apps landscape of India

Toyam Industries Limited now launches ‘Scores11’, a fantasy sports app

UPDATED ON SEP 11, 2020 06:41 PM IST
A fantasy sport, roughly put, is an online prediction game where you assemble a virtual team of real sports players and earn points based on real life statistics converted into fantasy points.
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According to Chief Economic Advisor Krishnamurthy V Subramanian, 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.
According to Chief Economic Advisor Krishnamurthy V Subramanian, 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.

Demand in economy will rise when uncertainty is not there: CEA

By Press Trust of India | Kolkata
PUBLISHED ON JUN 19, 2020 07:55 PM IST
Speaking at a webinar session organised by Bharat Chamber of Commerce, Subramanian said that discretionary spending in the economy has not risen due to uncertainty regarding health in the wake of the coronavirus outbreak.
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(Getty Images/iStockphoto)
(Getty Images/iStockphoto)

Ludhiana doctors to observe ‘medical bandh’ on June 23

By HT Correspondent, Ludhiana
UPDATED ON JUN 17, 2020 12:14 AM IST
Clinical Establishment Act being enforced from July 1 is against, patients, the poor and doctors, they say
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Chief Economic Advisor said that the proposed stimulus package will generate demand by infusing liquidity into the system and thus perk up the economy. (Priyanka Parashar/Mint)
Chief Economic Advisor said that the proposed stimulus package will generate demand by infusing liquidity into the system and thus perk up the economy. (Priyanka Parashar/Mint)

Covid-19 to have significant deflationary impact due to demand evaporation: CEA

By Press Trust of India | New Delhi
PUBLISHED ON MAY 14, 2020 06:04 PM IST
He also said that a good part of the Rs 20 lakh crore stimulus package is designed in a manner that the fiscal deficit remains under control.
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The ongoing coronavirus disease (Covid-19) pandemic and the lockdown enforced to slow its progress have roiled the economy.
The ongoing coronavirus disease (Covid-19) pandemic and the lockdown enforced to slow its progress have roiled the economy.

Second economic stimulus package likely soon: CEA

By Sunetra Choudhury and Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON MAY 06, 2020 01:04 PM IST
The focus of the package, when it is announced, will be making the Indian economy self-reliant and turning the current crisis into an opportunity, a second person familiar with the matter said, asking not to be identified.
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Colorectal cancer is a cancer that starts in the rectum or colon.(iStock)
Colorectal cancer is a cancer that starts in the rectum or colon.(iStock)

Colorectal cancer: Common doubts answered

By By Dr. Venkata Pradeep Babu Koyyala
UPDATED ON MAR 25, 2020 10:42 AM IST
Some factors that increase your risk of developing colorectal cancer are unavoidable and can’t be changed. Age is one of them.
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Coronavirus has led to over 4,300 deaths globally, leaving over 1.25 lakh people infected. In India, there are 74 cases of coronavirus and one case of death so far.(Mint)
Coronavirus has led to over 4,300 deaths globally, leaving over 1.25 lakh people infected. In India, there are 74 cases of coronavirus and one case of death so far.(Mint)

Govt, RBI to take all necessary steps to quell ‘fear sentiment’ around coronavirus: CEA

By Press Trust of India | New Delhi
UPDATED ON MAR 13, 2020 02:51 PM IST
Trading on the Indian stock exchanges hit a “circuit breaker” -- first time since 2008 -- as soon as markets opened on Friday.
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The government will release the Economic Survey for 2019-2020 on Friday(Sanjeev Verma/HT PHOTO)
The government will release the Economic Survey for 2019-2020 on Friday(Sanjeev Verma/HT PHOTO)

Economic Survey: From a report card to policy changes

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JAN 31, 2020 09:28 AM IST
The Economic Survey is a comprehensive analysis of the Indian economy, including its growth and fall, in the past year.
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The Survey bets on private investment to drive jobs, export and demand. This was the idea behind Make in India in the government’s first term too. Will it work this time?(REUTERS)
The Survey bets on private investment to drive jobs, export and demand. This was the idea behind Make in India in the government’s first term too. Will it work this time?(REUTERS)

Economic Survey: Road map and challenges for growth | Analysis

By Roshan Kishore | Hindustan Times
UPDATED ON MAY 28, 2020 10:56 AM IST
For the NDA, economic headwinds have come at a time when its political traction is highest
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Chief Economic Advisor KV Subramanianin releases Economic Surve at a press conference in New Delhi(AP)
Chief Economic Advisor KV Subramanianin releases Economic Surve at a press conference in New Delhi(AP)

‘Blue sky thinking and Matsyanyaya’: Things to take note of in Economic Survey

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 04, 2019 02:25 PM IST
The survey, tabled in Parliament by Finance Minister Nirmala Sitharaman, opens with acknowledgements by Chief Economic Advisor (CEA) Krishnamurthy V. Subramanian who apart from thanking officials also expresses gratitude to their families.
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Krishnamurthy Subramanian, the Chief Economic Advisor, may try to give not-to-common ideas on the key indices which are facing challenges.(PTI PHOTO.)
Krishnamurthy Subramanian, the Chief Economic Advisor, may try to give not-to-common ideas on the key indices which are facing challenges.(PTI PHOTO.)

Economic Survey to have out-of-box ideas for long-term economic revival

By Indo Asian News Service | New Delhi
UPDATED ON JUL 04, 2019 07:52 AM IST
NBFCs (non-banking finance companies) and liquidity in the credit system are also set for higher importance given their manifestation in the slowdown demanding due attention. NBFCs have been under liquidity pressure after the series default by Infrastructure Leasing & Financial Services (IL&FS) in September last year.
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The Economic Advisory Council said will examine in detail the estimates made in Arvind Subramanian’s paper.(HT photo)
The Economic Advisory Council said will examine in detail the estimates made in Arvind Subramanian’s paper.(HT photo)

PM advisory body’s caustic rebuttal on GDP rate row, says more coming

By HT Correspondent | New Delhi
UPDATED ON JUN 12, 2019 05:32 PM IST
Subramanian, in a paper, said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology.
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When I look at the board in my office room in North Block — squeezed between portraits of Tagore, Gandhi, and Nehru — listing the names of my predecessors, I am reminded of the Patek Philippe line “You never actually own a Patek Philippe. You merely look after it for the next generation.” Similarly, as the CEA, I came to realise that I was merely the custodian of a sacred tradition and responsible for upholding it honourably (and, at the same time, petrified of debasing it).(AP)
When I look at the board in my office room in North Block — squeezed between portraits of Tagore, Gandhi, and Nehru — listing the names of my predecessors, I am reminded of the Patek Philippe line “You never actually own a Patek Philippe. You merely look after it for the next generation.” Similarly, as the CEA, I came to realise that I was merely the custodian of a sacred tradition and responsible for upholding it honourably (and, at the same time, petrified of debasing it).(AP)

Parting reflections of the Chief Economic Adviser

By Arvind Subramanian
UPDATED ON JUL 25, 2018 09:36 AM IST
This idea of the CEA as a unique public institution must be fully embraced by governments and finance ministers. I am grateful that this government and, especially Minister Jaitley, did so enthusiastically.
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As per the state government records, 70 per cent of the Rajasthan population is dependent on agriculture.(HT FILE PHOTO)
As per the state government records, 70 per cent of the Rajasthan population is dependent on agriculture.(HT FILE PHOTO)

Farmers get 5-7 hours power daily, second lowest in India

By Manoj Ahuja | Hindustan Times, Jaipur
UPDATED ON MAY 09, 2018 09:57 PM IST
55% of cultivable land in state is dependant on rainfall.
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