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Finance Commission to meet its economic advisory panel on Friday
Chairman N K Singh and the members of 15th Finance Commission will hold a day long meeting with the Economic Advisory Council of the Commission on Friday, an official statement said.
India needs to get rid of unwanted rules to become exports powerhouse: Anantha Nageswaran
"Emulating China from where we are with the kind of...
Will have to take a "nuanced approach towards tax devolution": Advisory Council of the Finance Commission
However, Singh said devolution cann...
Economic growth will turn positive by Q1FY22: EACPM member Shah
Shah, who is the managing director of Kotak Mahindra Asset Management Company, attributed the surge in equity markets to the optimism they get by looking at the future and not at the data of the past.
View: Nothing wrong with reviewing the economic rationale and fallout of India’s varied trade agreements
Can one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the agreement: how substantial is the agreement? How deep is its coverage? Arelarge chunks of the trade basket left out because of negative lists?
Govt to revamp FTA strategy to ensure economic benefits
Discussions have begun at the highest level with finance minister Nirmala Sitharaman, commerce and industry minister Piyush Goyal and chairman of the Economic Advisory Council to Prime Minister (EAC-PM) Bibey Debroy leading the deliberations on a revamped strategy.
Rate cut helping deliver growth is not working in simplistic way: Rathin Roy
Rathin Roy said the assumption that rate cut helping deliver growth is not working in simplistic way.
View: One man’s vermin another’s animal?
Many animals succumb to ‘snaring’ every year across India. It is a practice by which an edible item is filled with explosives, or sharp materials, to kill ‘vermin’ that destroy crops adjacent to forest reserves.
Economic Advisory Council of Finance Commission discusses GST stabilisation, tax collection issues
Talking to reporters, Finance Commission Chairman N K Singh said the Commission plans to make recommendations on GST, which will be for the GST Council to consider. The Fifteenth Finance Commission discussed issues related to stabilisation of GST, relationship between GST Council and Finance Commission, and GST compensation being paid to states.
View: By using a formula involving topographical area, Finance Commission can help states equitably
The 2020-21 report gives 15% weight for population, 15% for geographical area, 10% for forest and ecology, 45% for income distance, 12.5% for demographic performance and 2.5% for tax effort. Population, area, and forest and ecology are described as being need-based, income distance as equity-based, and demographic performance.
Economic Advisory Council defends India's economic growth
According to EAC-PM, it was on the basis of recommendations of several committees with that the government implemented the change from January, 2015.
Economic Advisory Council too trashes former CEA's claims on growth
Plans point-by-point rebuttal, says base year of income calculations had been shifted to 2011-12 in line with recommendations of several committees.
Govt reconstitutes EAC-PM under Bibek Debroy
Apart from these two full-time members, the EAC-PM will have two part-time members as against three in the outgoing panel.
View: Finding non-China sources for the import of items will be a worthwhile exercise for India
Buying something cheap typically enhances consumer welfare, assuming apples are not compared to oranges, as in instances of quality differences. However, in determining policy, short-term consumer welfare isn’t the only consideration.
Govt eyeing more steps to aid recovery, PM Narendra Modi to take a final call
While various policies have been discussed, the government is likely to watch the economy for some more time before taking further steps, another official said. It is still looking at the impact of measures already taken, as some sectors such as automobiles are recovering, officials added.