Krishnamurthy Subramanian

Important Facts To Know About Past Union Budgets

Business | Edited by Abhishek | Thursday January 23, 2020

Union Finance Minister Nirmala Sitharaman will present Budget for financial year 2020-21 on February 1, 2020. The official preparation of Budget started on Monday with customary Halwa ceremony. Officials of the Finance Ministry, who are involved in the preparation of Budget documents move to the basement of North Block and remain cut off from their...

What Is Economic Survey? 10 Things To Know

Business | Written by Peter Noronha | Monday December 16, 2019

The Economic Survey will be presented by Chief Economic Advisor Krishnamurthy Subramanian and tabled in both the houses by Finance Minister Nirmala Sitharaman in January 2020. The Economic Survey is a comprehensive report card on the economy, prepared by Government of India's Chief Economic Advisor. It is tabled in Parliament by the Finance Ministe...

More Formal Jobs Created In FY18: Chief Economic Advisor Krishnamurthy Subramanian

Business | Indo-Asian News Service | Saturday December 14, 2019

"The labour laws have been streamlined into four laws. The Code of Wages 2019 was notified in August 2019, Code on Occupational Safety, Health and Working Conditions Bill, Industrial Relations Code and Social Security Code Bill have been notified this year," the CEA said.

Government Steps To Boost Consumption Showing Impact: Chief Economic Advisor

Business | IANS | Saturday December 14, 2019

Stating the government is focusing on increasing consumption to boost economic growth, he said the government and PSU dues were cleared in two stages; up to Rs 61,000 crore previously and dues of 32 CPSEs cleared by more than 60% in the last two months

GDP Growth At 4.5% In July-September, Worst In More Than 6 Years: 10 Points

Business | Written by Sandeep Singh | Friday November 29, 2019

India's gross domestic product (GDP) growth slowed to 4.5 per cent in the July-September period, worse than economists' estimates, official data showed on Friday. That marked the slowest pace of economic expansion recorded since the quarter ended March 31, 2013. Consumer demand and private investment weakened and a global slowdown hit exports, hurt...

Corporate Tax Cut Important For Investments: Chief Economic Adviser Krishnamurthy Subramanian

Business | Press Trust of India | Friday November 29, 2019

The government has undertaken a number of measures to arrest the slowdown in growth. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent. It also lowered the tax rate for new manufacturing companies to 15 per cent to attract new foreign direct investments.

Government To Take More Steps To Boost Growth: Chief Economic Adviser

Business | Reuters | Friday October 18, 2019

Chief Economic Adviser at the finance ministry, said the government had slashed corporate taxes to attract investment.

Government Bailouts A Moral Hazard, Says Chief Economic Adviser

Business | Shruti Srivastava and Anirban Nag, Bloomberg | Friday August 23, 2019

"I think we expect the government to use taxpayers money to intervene every time there is a sunset phase," Mr Subramanian said.

Right Time To Raise Funds Through Overseas Sovereign Bonds: Krishnamurthy Subramanian

Business | Thomson Reuters | Tuesday July 9, 2019

The government will study "risks and returns" to raise funds through sovereign bonds, possibly in the second half of the current financial year, said Mr Subramanian at an event in Delhi.

Budget 2019: 10 Lesser-Known Facts About India's Budget

India News | Edited by Richa Taneja | Friday July 5, 2019

The Union Budget is being presented in the parliament today by Union Finance Minister Nirmala Sitharaman. This is the first budget of the re-elected NDA government, which got a landslide victory in the 2019 General Elections under Prime Minister Narendra Modi's leadership. The Union Budget 2019 is likely to cut taxes on business and raise spending ...

Budget 2019: Nirmala Sitharaman Carries Budget Documents In 'Red Folder', Here Are 10 Things To Know

Business | NDTV Profit Team | Friday July 5, 2019

Budget 2019: CEA Krishnamurthy Subramanian said that the Budget briefcase had been replaced by the traditional bahi khata in keeping with Indian tradition.

To Draw Investment to Country, Invest In Judiciary, Says Economic Survey

India News | Edited by Anindita Sanyal | Thursday July 4, 2019

The legal bottleneck in the country with its massive backlog of cases, is a key issue that is detracting from the ease of doing business and discouraging foreign investors from investing in India, the Economic Survey said today.

Need To Shift Gears To Become $5-Trillion Economy: Krishnamurthy Subramanian

Business | NDTV Profit Team | Thursday July 4, 2019

The Economic Survey "departs from traditional thinking by viewing the economy as being either in a virtuous or a vicious cycle, and thus never in equilibrium", Chief Economic Adviser Krishnamurthy Subramanian said.

Krishnamurthy Subramanian Says Economic Survey Guided By Blue Sky Thinking

Business | Press Trust of India | Thursday July 4, 2019

The Economic Survey 2018-19, tabled in Parliament, is the first for the new government, which came to power with an overwhelming mandate.

India Faces Challenge On Fiscal Front After Slowdown, Says Economic Survey: Highlights

Business | Thomson Reuters | Thursday July 4, 2019

The government's Economic Survey, presented in Parliament on Thursday, said the country will face a challenge on the fiscal front following an economic slowdown impacting tax collections amid rising state expenditure on the farm sector. However, the investment rate was expected to pick up following improvement in consumer demand and bank lending, t...