Chief Economic Adviser Arvind Subramanian today said remonetisation will be completed in a month or two and growth will pick up once the process is over. (DEL88) New Delhi: To address the festering Twin Balance Sheet (TBS) problem, the Economic Survey today suggested creation of state-owned asset reconstruction company, Public Sector Asset Rehabilitation Agency (PARA). (DCM116)
New Delhi: Sounding a note of caution on government’s digital push, the Economic Survey today said that digitalisation is “not a panacea” and cash is not all bad and stressed the need to forge a balance between both forms of payments. (DEL64) New Delhi: Japanese auto major Honda is recalling 41,580 units of previous generation of Accord, Civic, City and Jazz models in India as part of a global exercise to rectify faulty airbags. (DCM102)
New Delhi: Warning of a repeat of pulses-like crisis in other agri-commodities, the pre-budget economic survey today asked the government to be “vigilant” to prevent spike in prices of items like sugar, milk, potatoes and onion. (DEL52) New Delhi: Policy making in certain areas like telecom and banking has been severely constrained due to “abundant caution in bureaucratic decision-making”, the Economic Survey said today. (DEL59)
New Delhi: Property prices fell due to cash crunch following demonetisation and could further decline, which Chief Economic Advisor Arvind Subramanian said was one of the aims of the government behind scraping old notes. (DCM118) New Delhi: Calling Goods and Services Tax (GST) a bold new experiment, the pre-Budget Economic Survey today pitched for including land and other immovable property – the key source of black money creation – in the indirect tax regime to help propel GDP growth to 8-10 per cent. (DCM68) New Delhi: IT stocks plunged over 4 per cent today, knocking off more than Rs 33,000 crore in market valuation of top five firms, after a new H1-B Bill in the US set off concerns that it will adversely impact hiring plans of Indian technology firms. (DCM100)
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Source: dnaindia.com