"The likely growth this fiscal will be towards the lower end of the 6.75-7.5 per cent band suggested in January-end, mainly because of downside effects of factors like the appreciation of the rupee, farm loan waivers and transitory challenges from implementing the GST and the only upside possibility is exports growth", Subramanian said after the Economic Survey Volume-II was tabled in Parliament. "Various factors such as launch of the goods and services tax (GST); positive impacts of demonetisation; decision in principle to privatise Air India; further rationalisation of energy subsidies and actions to address the Twin Balance-Sheet (TBS) challenge contribute to this optimism", it said.
Post-demonetisation, a new enforcement and compliance regime and increased digitalisation have reduced the use of cash for transactions, the survey said.
India's economy is at risk of slowing down in the current fiscal year, the government said in a mid-year economic survey Friday.
One of his favourite pinch-inflation easing out so should the monetary policy be has found its way into the Survey.
Besides, it warned of fiscal slippages as a series of deflationary impulses are weighing on an economy yet to gather its full momentum.
"Also farm loan waivers could reduce aggregate demand by as much as 0.7 percent of GDP, imparting a significant deflationary shock to an economy", the government's press release on the survey stated.
Across-the-board deceleration in economic activity has made it hard to get to the 7.5 per cent GDP growth as projected earlier for the current fiscal, Economic Survey said today as it called for more interest rate cuts and use of all policy tools to revive momentum.
Subramanian said India is undergoing a structural shift in the inflationary process toward low inflation.
The second volume of Economic Survey 2016-17 which was tabled in the parliament on Friday said that it noticed a "rekindled" optimism on structural reforms in Indian economy.
Chief Economic Adviser Arvind Subramanian (right) with National Affairs Editor P Vaidyanathan Iyer at the The Indian Express office.
"The cash-to-GDP (gross domestic product) ratio has come down to 1.6 percentage points", he added.
# CPI inflation to be below 4 per cent by March this fiscal. "Sluggish growth and increasing indebtedness in some sectors of the economy have impacted the asset quality of banks and this is a cause for concern", the Survey said.
The Survey was critical of the state farm loan waivers warning that could touch Rs 2.7 lakh crore. The conclusion is inescapable that the scope for monetary easing is considerable, more than that suggested by comparison with neutral interest rates.
Less developed states such as Bihar, Chhattisgarh, Jharkhand, Rajasthan, West Bengal and Odisha witnessed around 30 per cent rise in mandays worked between November 2016 and March 2017.
Industry bodies CII, FICCI and Assocham also hailed steps taken by the government to resolve the "twin balance sheet" problem.
But the firm added just seven million new users in the quarter, compared to eight million in the first three months of the year. The company reported ($2.31) earnings per share for the quarter, missing the Zacks' consensus estimate of ($2.05) by $0.26.
He said he would act against any partyman, including the chief minister, if they went against the interests of the party. Jayakumar expressed confidence over the merger of EPS, OPS factions of the AIADMK and said he hopes it happens soon.
One day before the opening round of the 99th PGA Championship , Jordan Spieth is not feeling it. "They are fair", McIlroy said. Asked what odds he'd give himself, McIlroy cited two wins in eight starts at Quail Hollow - "8-2, decent odds".
Since the handover party, Tesla has revealed more information on the Model 3. "Model 3 is like a BMW 3 series or Audi A4". These numbers are a significant improvement over the last iteration of the Nissan Leaf , which manages only 107 hp.
The interview was published yesterday on B/R's College Football section and had a controversial quote featured from Rosen himself. They don't realize that they're getting screwed until it's too late. "I want to create my own business", he said.
Grove Bank & Trust increased its stake in shares of Pioneer Natural Resources by 112.3% in the second quarter. 12, 2017. They now have a $33.00 target price on the oil and gas producer's stock, down from their prior target price of $40.00.
Majority appreciated his constant endeavour to stick to the rules and not allowing any legislation to be passed during din. Finance Minister Arun Jaitley said that Hamid Ansari has contributed to the quality of debate with his wisdom.
Gretchen Carlson, a former Fox News anchor, claimed she was sacked for rejecting Ailes's sexual advances, prompting a lawsuit. HuffPost issued a statement in response to the summons: " Yashar Ali is a careful and meticulous reporter".
With three seats up for grabs, three Bharatiya Janata Party (BJP ) candidates and one Congress candidate are in the fray. But then things began to deteriorate for the already beleaguered Congress at a break-neck speed.
During a recent interview with Women's Wear Daily , Kris Jenner revealed just how well her daughter's business is doing. Kris serves at the company's chief financial officer, but it's Kylie's creative baby.
"Choosing his wife over his brother will deepen the crisis of credibility for Nawaz Sharif ", said Mosharraf Zaidi, a columnist. He has also planned to deliver speeches at important places where even bigger crowds of supporters are expected to turn up.
The company also announced plans to make a "significant investment" in exclusive movies and television series for the new service. The BAMTech transaction is expected to be modestly dilutive to Disney's earnings per share for two years.
Dutch, Belgians launch raids over contaminated eggs
The eggs at the centre of the scandal have mainly come from the Netherlands , followed by Belgium and Germany. The insecticide Fipronil , found in the eggs, can be harmful to humans if consumed in large doses.
Facebook Watch takes on YouTube, TV with original shows
There are also shows that give viewers a window to real-life events as they happen, like Major League Baseball games. In a nutshell, Shows are videos grouped by episode or theme, in contrast to your run of the mill one-off cat videos.
LDS Church excommunicates general authority
Lee in 1989 for "apostasy and other conduct unbecoming a member of the church", the Daily Herald reported. In 1985, he earned a master's degree in political philosophy and a juris doctorate degree from BYU.
Jaguars respond to Branden Albert's wish to end retirement
Jaguars reporter Mike DiRocco reports the team is "unlikely" to allow LT Branden Albert to return to the organization. He also is subject to fines of up to $40,000 per day for the time he was not with the team, according to NFL .com.
U.S. drug overdose deaths reach a new record high
These corrections were then applied on a state-by-state basis to produce opioid- and heroin-specific death rates. Armed with that info, Ruhm estimated how many of those deaths could be blamed on heroin and how many on opioids.
Netflix Announces New David Letterman Series
Letterman , 70, has mostly been off the screen in the two years since he signed off of CBS' "The Late Show " in May 2015. In the Netflix announcement, he said , "I feel excited and lucky to be working on this project for Netflix".