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The story so far of India's quest to reach the $5-tn GDP goal

As per our survey, most believed that while $5 trillion was possible, doing so in just 5 years was not.
The Economic Times

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STATE OF THE ECONOMY

Centre wants better coordination with states, says Amit Shah

The issue of cooperative federalism is currently debated in certain quarters in the context of CAA. Earlier in the day, Madhya Pradesh chief minister Kamal Nath said several issues have led to confrontation between the Centre and states, though he avoided any specific mention.

People want to hear facts about economy, not abuse and rhetoric: Chidambaram to PM Modi

Claiming that the PM and his ministers seem to be cut...

States asked to set up PSFs to combat price volatility

The Centre has asked states to set up their own state-level price stabilisation funds ...

ET Prime Distribution
  • Congress leader Rahul Gandhi on Wednesday attacked the government over the state of the economy, saying Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman have no idea what to do next. The former Congress president's attack on the government comes just days ahead of the budget.

    The Congress veteran said several issues have led to confrontation between the Centre and states, though he avoided any specific mention. His remarks came against the backdrop of some states ruled by the Congress and other parties opposing implementation of the Citizenship Amendment Act (CAA).

    A Balasubramanian, CEO, Aditya Birla Sun Life AMC, says the Prime Minister talking to market participants a big clue for a Budget with stronger messaging:. India actually can come back quite quickly if we fix some of the issues that we feel that is the real reason for the economic slowdown.

    "There are concerns over the impact to the global economy from the spread of infection in China, transportation disruptions, cancellation of group tours from China and an extention in the Lunar Holiday," Japanese Economy Minister Yasutoshi Nishimura told.

    Cumulatively, 2,642,549 employees were added in November under the three social security schemes of the govt as per the payroll data released by the ministry of statistics and programme implementation. While 1,162,863 net additions were in EPFO, 1433,000 people were added under the Employees’ State Insurance Scheme and 46,686 were added under the National Pension Scheme.

    With the Union Budget 2020 just around the corner, ET's Vinay Pandey and Saubhik Chakrabarti discuss what measures are available with FM Nir...

    The economy-market ‘divide’ seen in CY2019 may repeat in CY2020.

    Is D-St asking for the moon from Budget? We tried to understand the rationale behind the wish list.Ideas for Budget: What market wants

    "There is a constitutional crisis. You cannot ignore state governments. You have to take them into confidence," Sinha said when asked about resolutions passed by states against the Citizenship Amendment Act. He expressed apprehensions that the Centre "might impose the president's rule" if the legislation was not implemented.

    "This is for the extension of the CIRP process as it ends on 4th of February. Public notices are being given for the submission of bids on 31st of Jan and we see a lot of it coming in, so we request the CIRP process be extended further," said the counsel representing Videocon Industries. Videocon Group had sought EoIs for its 13 group companies.

    ​Asian benchmark refining margins for diesel, jet fuel are already languishing at more than 2-yr lows

    ​US President Donald Trump on Tuesday also repeated his call for even lower rates.

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