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indira gandhi institute of development research

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These figures are based on an analysis of the 2016-17 Annual Survey of Industries (ASI) database. The relative contribution of newer firms on such indicators is much better in the economy.(HT Photo)

Budget 2019: ‘Dwarf firms’ a drag on economy, says Economic Survey

By Vineet Sachdev | industan Times, New Delhi
UPDATED ON JUL 05, 2019 10:36 AM IST
The Survey argues that the existing regulatory framework has encouraged firms to remain small and inefficient (and producing sub-standard goods) through quotas (some products are reserved for MSMEs), labour laws, and priority sector lending norms.
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The researchers matched the policy communication against financial market performance and found that longer and more complex statements were associated with greater volatility in stock market returns over the past 20 years.(REUTERS FILE)
The researchers matched the policy communication against financial market performance and found that longer and more complex statements were associated with greater volatility in stock market returns over the past 20 years.(REUTERS FILE)

From 13,000-word policy statements, RBI has become a lot clearer: Report

By Ronojoy Mazumdar | Bloomberg
UPDATED ON JUN 04, 2019 11:26 AM IST
RBI statements have averaged 3,084 words in the post-inflation targeting regime, still pretty high if compared to the Federal Reserve’s average of 500 words, the paper’s authors, Aakriti Mathur and Rajeswari Sengupta, say.
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