Special Correspondent
The Congress on Tuesday strongly opposed a proposed move of Reserve Bank of India (RBI) to allow corporate houses to enter the banking sector and set up banks. Its senior leader and former Union Finance Minister P. Chidamabaram said it would “reverse” the gains made in the past 50 years.At a virtual press conference, Mr. Chidamabaram and party general secretary Randeep Surjewala accused the Union government of “pushing” its agenda through RBI, and appealed to other political parties and trade
Pulapre Balakrishnan
Listening to the Budget speech, one would hardly get any indication of either the economic slowdown or the unemployment rate, which is the highest in decades
T.T. Ram Mohan
The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms
Special Correspondent
India is likely to record a current account surplus in 2020-21, Chief Economic Advisor Krishnamurthy Subramanian said on Monday, terming it a sign of ‘under-heating’ in the economy. “The COVID crisis is different from typical emerging market crises (where the economy is overheated, imports exceed exports as demand outstrips domestic supply and inflation shoots up) … this is a crisis of demand primarily due to a negative shock to demand,” Mr. Subramanian said at a national MNCs’ conference