BJP leader Subramanian Swamy, who was one of the chief critics of Raghuram Rajan, has now turned his atte ...More

BJP leader Subramanian Swamy, who was one of the chief critics of Raghuram Rajan, has now turned his attention on Chief Economic Adviser Arvind Subramanian. ...Less

"The growth in underlying indirect tax collection... for the first four months... suggest increase in nom ...More

"The growth in underlying indirect tax collection... for the first four months... suggest increase in nominal GDP growth," Subramanian said. ...Less

"States will continue to be able to tax alcohol, petroleum and all other goods & services that are outsid ...More

"States will continue to be able to tax alcohol, petroleum and all other goods & services that are outside the purview of GST." ...Less

The Chief Economic Advisor shares his views on FM Jaitley's US visit, and how the Indian economy is well ...More

The Chief Economic Advisor shares his views on FM Jaitley's US visit, and how the Indian economy is well placed to deal with a Fed rate hike. ...Less

In an interview with ET Now, Arvind Subramanian, Boston Consulting Group, reacts to the SC judgment in th ...More

In an interview with ET Now, Arvind Subramanian, Boston Consulting Group, reacts to the SC judgment in the 2G spectrum allocation case. ...Less

"Oil prices won't impact RBI's rate cut decisions for quite some time. Prices have to go up by a fair amo ...More

"Oil prices won't impact RBI's rate cut decisions for quite some time. Prices have to go up by a fair amount for this situation to change." ...Less

Ministry's reaction came after BJP leader Subramanian Swamy targeted CEA Arvind Subramanian and asked the ...More

Ministry's reaction came after BJP leader Subramanian Swamy targeted CEA Arvind Subramanian and asked the central government to sack him. ...Less

First review what has happened and you should think about it more as how do we update the fiscal framewor ...More

First review what has happened and you should think about it more as how do we update the fiscal framework that we have had for the last 10-15 years ...Less

BJP MP Subramanian Swamy has called for sacking of CEA Arvind Subramanian, citing his March 2013 testimon ...More

BJP MP Subramanian Swamy has called for sacking of CEA Arvind Subramanian, citing his March 2013 testimonies while blaming non-performance of core economic sectors. ...Less

Consumer inflation fell to 1.54% in June, the lowest in the current index that started in 2012 and less t ...More

Consumer inflation fell to 1.54% in June, the lowest in the current index that started in 2012 and less than 2.18% in May, data released on Wednesday showed. ...Less

"There is a lesson which we tend to forget. How did China accumulate $4 trillion dollar reserves? They di ...More

"There is a lesson which we tend to forget. How did China accumulate $4 trillion dollar reserves? They did it by keeping the currency competitive." ...Less

India faces a critical juncture as a proposed constitutional amendment fails. This highlights a growing d ...More

India faces a critical juncture as a proposed constitutional amendment fails. This highlights a growing divide between economically prosperous southern states and poorer northern regions. The current system, freezing parliamentary seats based on 1971 census data, creates political imbalance. Leaders must address this disparity for national unity and inclusive growth, moving beyond caste and compensation politics. ...Less

"If the macroeconomic situation is better now, then the need for fiscal consolidation become lesser." ...More

"If the macroeconomic situation is better now, then the need for fiscal consolidation become lesser." ...Less

Chief Economic Advisor Arvind Subramanian says that the committee had recommended a range of GST rate dep ...More

Chief Economic Advisor Arvind Subramanian says that the committee had recommended a range of GST rate depending on assumptions. ...Less

Subramanian, who obtained his PhD under Raghuram Rajan and wrote in support of demonetisation, fills the ...More

Subramanian, who obtained his PhD under Raghuram Rajan and wrote in support of demonetisation, fills the post that fell vacant after Arvind Subramanian left in August, resigning before his extended tenure was to end in May 2019. ...Less

We have to plan for a situation where the global economic growth will be slow and that will certainly hav ...More

We have to plan for a situation where the global economic growth will be slow and that will certainly have an impact on India, says government's chief economic advisor. ...Less

India will have to remain watchful about the interest rate hike by the US Federal Reserve which may happe ...More

India will have to remain watchful about the interest rate hike by the US Federal Reserve which may happen later this year, Arvind Subramanian has said. ...Less

The support for CEA came quicker, within the same day as Swamy's attack, killing all speculation where BJ ...More

The support for CEA came quicker, within the same day as Swamy's attack, killing all speculation where BJP and its government stand on the issue. ...Less

The decision has reversed the experiment by the European countries for togetherness as a collective entit ...More

The decision has reversed the experiment by the European countries for togetherness as a collective entity, he said, adding the elites would now be forced to recalibrate and adjust. ...Less

" It is noteworthy also that these cuts still leave open the possibility for more cuts because the RBI ex ...More

" It is noteworthy also that these cuts still leave open the possibility for more cuts because the RBI explicitly signals that this is in an accommodative mode." ...Less

Arvind Subramanian is expected to join as a full-time professor in the spring of 2020. ...More

Arvind Subramanian is expected to join as a full-time professor in the spring of 2020. ...Less

BJP, however, was foxed by this surprise and sought to brush this new public disapproval of Narendra Modi ...More

BJP, however, was foxed by this surprise and sought to brush this new public disapproval of Narendra Modi’s economic advisor as his personal opinion. ...Less

"I have never said I speak on behalf of BJP on AS (Arvind Subramanian), but as a nationalist shocked that ...More

"I have never said I speak on behalf of BJP on AS (Arvind Subramanian), but as a nationalist shocked that a GoI person would urge US Cong to fix India," Swamy tweeted. ...Less

India can achieve economic growth rate of 8-10 per cent in the next three years, Chief Economic Advisor A ...More

India can achieve economic growth rate of 8-10 per cent in the next three years, Chief Economic Advisor Arvind Subramanian said. ...Less

Chief Economic Advisor (CEA) Arvind Subramanian today said India can grow at 8-10 per cent, provided expo ...More

Chief Economic Advisor (CEA) Arvind Subramanian today said India can grow at 8-10 per cent, provided exports put up a strong show. ...Less

The standard rate is based on a revenue neutral rate of 15%-15.5% suggested by the committee headed by th ...More

The standard rate is based on a revenue neutral rate of 15%-15.5% suggested by the committee headed by the chief economic advisor Arvind Subramanian. ...Less

Chief economic advisor Arvind Subramanian says there are early signs of recovery . In a presentation, the ...More

Chief economic advisor Arvind Subramanian says there are early signs of recovery . In a presentation, the day the government completed one year in office, he says fundamentals are stronger. ...Less

"There should be more private sector banks and probably fewer banks. A healthy system is where we have th ...More

"There should be more private sector banks and probably fewer banks. A healthy system is where we have three to five PSU banks, three to four private banks," Subramanian said. ...Less

Arvind Subramanian’s Economic Survey will be presented in Parliament today. ...More

Arvind Subramanian’s Economic Survey will be presented in Parliament today. ...Less

Subramanian said there has been fundamental shifts in the market and thought demand has come down. "On oi ...More

Subramanian said there has been fundamental shifts in the market and thought demand has come down. "On oil - is that there has been fundamental shifts in the market. I think demand has come down," he said. ...Less

India is well protected macro-economically, with healthy reserves and is internationally a preferred dest ...More

India is well protected macro-economically, with healthy reserves and is internationally a preferred destination for foreign investment. ...Less

Swamy tweeted that it is Arvind Subramanian who encouraged Congress to become rigid on GST (Goods and Ser ...More

Swamy tweeted that it is Arvind Subramanian who encouraged Congress to become rigid on GST (Goods and Services Tax) clauses, apparently referring to CEA panel recommendations on GST. ...Less

The post of CEA has been lying vacant since Raghuram Rajan left the Finance Ministry to join the Reserve ...More

The post of CEA has been lying vacant since Raghuram Rajan left the Finance Ministry to join the Reserve Bank as Governor in September last year. ...Less

Lending more credence to his argument, he said that no country has grown over 7% with exports below 5%. ...More

Lending more credence to his argument, he said that no country has grown over 7% with exports below 5%. ...Less

Subramanian will be leaving the finance ministry after nearly 4 years because of "pressing family commitm ...More

Subramanian will be leaving the finance ministry after nearly 4 years because of "pressing family commitments" and return to the US," Union minister Arun Jaitley said today. ...Less

The Arvind Subramanian committee had said a revenue neutral rate (RNR) of 15% is possible. We take a look ...More

The Arvind Subramanian committee had said a revenue neutral rate (RNR) of 15% is possible. We take a look at how will affect taxes and inflation. ...Less

“We have to compress our work schedule and we have started working on that and we are going to hopefully ...More

“We have to compress our work schedule and we have started working on that and we are going to hopefully meet the deadline.” ...Less

Former chief economic adviser Arvind Subramanian said that India, particularly Tamil Nadu, is capitalisin ...More

Former chief economic adviser Arvind Subramanian said that India, particularly Tamil Nadu, is capitalising on the "China plus one" strategy to attract foreign direct investment. He highlighted India's previous underperformance in integrating with global value chains, impacting exports and labor-intensive sectors. ...Less

NPA is one of the major challenges for the economy in the short run because it is true that credit to ind ...More

NPA is one of the major challenges for the economy in the short run because it is true that credit to industry is relatively weak, said Arvind Subramanian. ...Less

Arvind Subramanian today said big bang reforms are frankly not applicable to a country like India as ther ...More

Arvind Subramanian today said big bang reforms are frankly not applicable to a country like India as there was multiple veto centres. ...Less

Swamy caused a flutter when he sought Subramanian's sacking for allegedly taking anti-India stance when h ...More

Swamy caused a flutter when he sought Subramanian's sacking for allegedly taking anti-India stance when he was an IMF economist in Washington. ...Less

"The Americans foisted on us management degree holders like R3 and AS. Management types are micro minded ...More

"The Americans foisted on us management degree holders like R3 and AS. Management types are micro minded while economy is general equilibrium," Swamy tweeted. ...Less

"It was a dreams jpb , had a great time working with Arun Jaitley...I will go back with the happeiest mem ...More

"It was a dreams jpb , had a great time working with Arun Jaitley...I will go back with the happeiest memories of the tenrure," he said. ...Less

EGoM's recommendation will most importantly start clearing some of the dark clouds that have been hanging ...More

EGoM's recommendation will most importantly start clearing some of the dark clouds that have been hanging over the sector since February this year. ...Less

Digvijay Singh said Swamy’s "real target” is Finance Minister Arun Jaitley and wondered whether Modi will ...More

Digvijay Singh said Swamy’s "real target” is Finance Minister Arun Jaitley and wondered whether Modi will be handing over the finance ministry to Swamy. ...Less

Dr Arvind Subramanian, who recently delivered the third annual Literature Live! Independence Lecture in M ...More

Dr Arvind Subramanian, who recently delivered the third annual Literature Live! Independence Lecture in Mumbai, on his favourite non-academic reading. ...Less

"In short, whereas a hard economic landing for China could spur global deflation, avoiding that outcome c ...More

"In short, whereas a hard economic landing for China could spur global deflation, avoiding that outcome could mean the return of global imbalances," he said. ...Less

In the backdrop of surge in tomato price, he said fluctuation in vegetable prices was linked to market fo ...More

In the backdrop of surge in tomato price, he said fluctuation in vegetable prices was linked to market forces rather than cultivation. ...Less

The Reserve Bank has targeted an inflation level of 5.8 per cent by January 2016, lower from its earlier ...More

The Reserve Bank has targeted an inflation level of 5.8 per cent by January 2016, lower from its earlier projection of 6 per cent. ...Less

Amid the global financial turmoil, Indian economy will grow at the highest rate and also remain an attrac ...More

Amid the global financial turmoil, Indian economy will grow at the highest rate and also remain an attractive investment destination, Arvind Subramanian said. ...Less

CEA Arvind Subramanian today said one of the welcome changes the country had seen in recent years was tha ...More

CEA Arvind Subramanian today said one of the welcome changes the country had seen in recent years was that good economics practised by different state governments was paying dividend to them in elections. ...Less

In the second week of September, Chairman emeritus of Tata Sons Ratan Tata on Saturday had his hacked Twi ...More

In the second week of September, Chairman emeritus of Tata Sons Ratan Tata on Saturday had his hacked Twitter account restored. ...Less

As an outsider, did he know the government system in and out to be effective? If so, why was he not consu ...More

As an outsider, did he know the government system in and out to be effective? If so, why was he not consulted for a major economic decision like demonetisation? ...Less

"We need to champion openness outside and we need to be more open ourselves." ...More

"We need to champion openness outside and we need to be more open ourselves." ...Less

Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial sys ...More

Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution. ...Less

Budget and in the backdrop of Governor earlier saying that the RBI will wait for Budget cues before takin ...More

Budget and in the backdrop of Governor earlier saying that the RBI will wait for Budget cues before taking a decision on further easing of monetary policy ...Less

The company clocked Rs 600 crore of residential sales during the April-June quarter of the 2022-23 fiscal ...More

The company clocked Rs 600 crore of residential sales during the April-June quarter of the 2022-23 fiscal year against Rs 1,000 crore in the full previous year, he highlighted. ...Less

Arvind Subramanian, in the Economic Survey, projected a growth rate of 7-7.75 per cent for the next finan ...More

Arvind Subramanian, in the Economic Survey, projected a growth rate of 7-7.75 per cent for the next financial year, which some experts described as "modest". ...Less

PM Modi asked India Inc to increase risk-taking appetite and step up investments even as industry leaders ...More

PM Modi asked India Inc to increase risk-taking appetite and step up investments even as industry leaders pressed for interest rate cut. ...Less

Subramanian, however, cautioned that the government should make sure genuine beneficiaries are not exclud ...More

Subramanian, however, cautioned that the government should make sure genuine beneficiaries are not excluded. ...Less

India’s goods and services market is price-sensitive, quite elastic and without taking these factors into ...More

India’s goods and services market is price-sensitive, quite elastic and without taking these factors into consideration, levy of high taxes can have an adverse impact of the India’s startup. ...Less

A study had shown that border checks result in Indian trucks driving 280 km a day , which is 35% of the 8 ...More

A study had shown that border checks result in Indian trucks driving 280 km a day , which is 35% of the 800 km that an average truck travels in the US. ...Less

Budget estimate of revenue collection from GST seems to be unreasonable, Arvind Subramanian said. ...More

Budget estimate of revenue collection from GST seems to be unreasonable, Arvind Subramanian said. ...Less

The govt has set up a high-level panel chaired by former revenue and expenditure secretary and member of ...More

The govt has set up a high-level panel chaired by former revenue and expenditure secretary and member of parliament NK Singh to review the Fiscal Responsibility and Budget Management Act. ...Less

"The key thing is that we have maintained the fiscal anchor, we have maintained the monetary anchor but w ...More

"The key thing is that we have maintained the fiscal anchor, we have maintained the monetary anchor but we have done it without raising taxes newly." ...Less

Chief economic advisor Arvind Subramanian says there are early signs of recovery. ...More

Chief economic advisor Arvind Subramanian says there are early signs of recovery. ...Less

Finance minister Arun Jaitley in a Facebook post said Subramanian will return to the United States after ...More

Finance minister Arun Jaitley in a Facebook post said Subramanian will return to the United States after his term ends in October. ...Less

Subramanian said China, on the one hand, has devalued the currency and taken measures aimed at reducing t ...More

Subramanian said China, on the one hand, has devalued the currency and taken measures aimed at reducing the spread between onshore and offshore rates. ...Less

Subramanian says structural reforms to facilitate exit and improve fiscal relations with the poor and the ...More

Subramanian says structural reforms to facilitate exit and improve fiscal relations with the poor and the rich are the two big themes of the Survey. ...Less

“The clean energy cess, cess on tobacco, cess on paan, cess on luxury cars and the cess on aerated bevera ...More

“The clean energy cess, cess on tobacco, cess on paan, cess on luxury cars and the cess on aerated beverages will remain the same as what it is today. It will not be lower” ...Less

Addressing global pension and sovereign wealth funds, he said all macroeconomic fundamentals -- fiscal de ...More

Addressing global pension and sovereign wealth funds, he said all macroeconomic fundamentals -- fiscal deficit, CAD and inflation -- are strong. ...Less

CEA Arvind Subramanian exuded confidence that "we will soon come out from these two policy experiments" a ...More

CEA Arvind Subramanian exuded confidence that "we will soon come out from these two policy experiments" and regain growth. ...Less

"Before demonetisation, the cash to GDP ratio was something like 12 per cent. Going forward, that should ...More

"Before demonetisation, the cash to GDP ratio was something like 12 per cent. Going forward, that should come down if demonetisation is to be deemed successful," he said. ...Less

Indirect tax collections during the first two months (April-May) of the current financial year increased ...More

Indirect tax collections during the first two months (April-May) of the current financial year increased to Rs 96,128 crore, up 39.2 per cent over the year ago period. ...Less

Ratings agency Moody's upgraded the outlook on India's sovereign rating to positive from stable. ...More

Ratings agency Moody's upgraded the outlook on India's sovereign rating to positive from stable. ...Less

CEA Arvind Subramanian may find that making policy for a country like India is vastly more difficult than ...More

CEA Arvind Subramanian may find that making policy for a country like India is vastly more difficult than giving logical policy recommendations. ...Less

Arvind Subramanian said the govt has no leeway to cut taxes nor it has space to hike GST rates. ...More

Arvind Subramanian said the govt has no leeway to cut taxes nor it has space to hike GST rates. ...Less

Legacy tax issues like those involving Cairn and Shell can be referred to AP Shah panel for quick resolut ...More

Legacy tax issues like those involving Cairn and Shell can be referred to AP Shah panel for quick resolution, says Chief Economic Advisor Arvind Subramanian. ...Less

RBI's decision to cut interest rates shows the economy needs policy support, Chief Economic Adviser Arvin ...More

RBI's decision to cut interest rates shows the economy needs policy support, Chief Economic Adviser Arvind Subramanian said on Tuesday. ...Less

A key panel on GST headed by the chief economic advisor Arvind Subramanian today submitted its recommenda ...More

A key panel on GST headed by the chief economic advisor Arvind Subramanian today submitted its recommendations to the government. ...Less

India is working towards policies and regulations that would encourage non-cash payments to effectively t ...More

India is working towards policies and regulations that would encourage non-cash payments to effectively tackle the problem of black money, Arvind Subramanian said. ...Less

Arvind Subramanian said though it was unreasonable to expect big bang reforms announcement in annual budg ...More

Arvind Subramanian said though it was unreasonable to expect big bang reforms announcement in annual budget, the new "government is moving ahead". ...Less

Arvind Subramanian said further said the policymakers have to reevaluate whether more has to be done to d ...More

Arvind Subramanian said further said the policymakers have to reevaluate whether more has to be done to deal with banking sector woes. ...Less

This is a work in progress and cannot be completed overnight, Chief Economic Advisor Arvind Subramanian s ...More

This is a work in progress and cannot be completed overnight, Chief Economic Advisor Arvind Subramanian said here on the sidelines of the WEF Annual Meeting. ...Less

Foreigners see India as one of the largest remaining consumption markets for goods and services, says Cha ...More

Foreigners see India as one of the largest remaining consumption markets for goods and services, says Chatterjee. ...Less

The Economic Survey of India used to be staid, lacking any innovation whatsoever, much like the pre-refor ...More

The Economic Survey of India used to be staid, lacking any innovation whatsoever, much like the pre-reforms economy of the country. ...Less

Terming the 9.8 per cent growth in industrial production in October as "very good", he said one has to be ...More

Terming the 9.8 per cent growth in industrial production in October as "very good", he said one has to be careful while interpreting the data as the spike could be on account of Diwali purchases. ...Less

Petroleum products are at present proposed to be covered within the GST but zero rated till the time the ...More

Petroleum products are at present proposed to be covered within the GST but zero rated till the time the council decides to impose a tax. ...Less

Interest rates are primarily the function of monetary policy as decided by RBI from time to time,“ a seni ...More

Interest rates are primarily the function of monetary policy as decided by RBI from time to time,“ a senior official said. ...Less

Congress today put the onus of ensuring passage of the GST Bill on the government, saying it is yet to re ...More

Congress today put the onus of ensuring passage of the GST Bill on the government, saying it is yet to revert to the opposition parties on their concerns. ...Less

He said that women in particular expressed their satisfaction about receiving benefits of various welfare ...More

He said that women in particular expressed their satisfaction about receiving benefits of various welfare schemes through JAM. ...Less

RBI, which is slated to announce the next monetary policy review on February 7, has maintained status quo ...More

RBI, which is slated to announce the next monetary policy review on February 7, has maintained status quo on interest rate since August last year. ...Less

Sounding a note of caution, Subramanian said, "If the gap between the rich and the poor is not narrowed d ...More

Sounding a note of caution, Subramanian said, "If the gap between the rich and the poor is not narrowed down, the consequences for society could be adverse." ...Less

The Chief Economic Adviser said investment from companies like Foxconn of Taiwan and Xiaomi of China sugg ...More

The Chief Economic Adviser said investment from companies like Foxconn of Taiwan and Xiaomi of China suggest that companies based in China might now view India as a hedge against the slowdown. ...Less

Headed by RBI Governor Urjit Patel, the Monetary Policy Committee (MPC) for the fourth straight time kept ...More

Headed by RBI Governor Urjit Patel, the Monetary Policy Committee (MPC) for the fourth straight time kept the repo rate unchanged at 6.25 per cent. ...Less

The chief economic adviser is all for making reforms such as demonetisation appeal in the broader scheme ...More

The chief economic adviser is all for making reforms such as demonetisation appeal in the broader scheme of things, though he admits that policy implementation and follow-up action will dictate its onward direction. ...Less

Chief Economic Advisor designate Krishnamurthy Subramanian comes to the finance ministry as someone who u ...More

Chief Economic Advisor designate Krishnamurthy Subramanian comes to the finance ministry as someone who understands the world of corporate finance, banking and economic policy. ...Less

Subramanian makes self-contradictory claims and draws mathematically incorrect conclusions. ...More

Subramanian makes self-contradictory claims and draws mathematically incorrect conclusions. ...Less

Finance Ministry sought to distance itself from the revised draft of the Indian Financial Code, which pro ...More

Finance Ministry sought to distance itself from the revised draft of the Indian Financial Code, which proposes to dilute powers of RBI chief, saying it does not reflect views of the govt. ...Less