Economy not doing as badly as made out to be

Sen says despite the respite coming in terms of inflation data, liquidity management is the key to Indian economy.

The Budget target of a 4.8 per cent fiscal deficit for 2013-14 is reasonably realistic.

Among the untargeted subsidies, he would like to see the fuel and fertiliser subsidies being pared down. In the case of food, the cost of holding foodgrain stocks is much more than the actual subsidy, he points out.

NEW DELHI Comptroller and Auditor General Vinod Rai demits office on May 23 as one of the most politically divisive CAG in Indian history. Rai's audit reports on 2G spectrum allocation and the coal block allocations have arguably brought 'policy ...

RBI grapples with an unusual inflation story Annapurna Singh, May 20, 2013, DHNS : Amid concerns at India’s economic growth likely to touch a decadal low of 5 per cent in 2012-13 and industrial output dipping to a 20-year low in the same ...

Thus, even while the Central Statistics Office (CSO) said in its advance estimates that GDP growth for 2012-13 would be 5 percent, Sen thinks it should be higher, at 6.5 percent. Or so he told The Economic Times in an interview today. Last year, the ...

NEW DELHI: To improve the quality of key official economic indicators like inflation and industrial output, the government has asked the ministries to start invoking their recently acquired legal powers to get necessary data from firms and other ...

NEW DELHI: With India's booming services sector contributing over half of the country's ( GDP), the government would soon roll out an Annual Survey of Services to create the first official database on the sector. The survey is expected to improve ...

The Planning Commission showed the first signs of jitters in achieving an ambitious target of eight per cent average growth during 12th five-year plan in 2016-17. It has maintained that eight per cent growth would depend heavily on $500 billion ...