Economic Affairs: India - Revision history

Pdewan: /* External debt */

2025-08-28T22:23:46Z

‎External debt

Jyoti: /* =2017, 18: India and the world */

2019-01-24T10:57:11Z

‎=2017, 18: India and the world

Jyoti: /* Public Debt and Other Liabilities */

2019-01-24T10:52:43Z

‎Public Debt and Other Liabilities

Jyoti: /* Chief Economic Advisors */

2018-12-22T11:33:19Z

‎Chief Economic Advisors

Jyoti: /* ECONOMIC AFFAIRS */

2018-12-22T11:32:07Z

‎ECONOMIC AFFAIRS

Jyoti: /* External debt */

2017-01-30T22:03:27Z

‎External debt

Jyoti: /* External debt */

2017-01-30T22:02:51Z

‎External debt

Jyoti: /* Public Debt and Other Liabilities */

2017-01-30T22:02:05Z

‎Public Debt and Other Liabilities

Jyoti: /* Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) */

2016-12-13T00:55:30Z

‎Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)

Jyoti: /* Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) */

2016-11-08T19:00:23Z

‎Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)

@@ Line 230: / Line 230: @@
 respective State (under section 21 A).
+[[Category:Economy-Industry-Resources|E
-'''A debt of Rs 54,000 hangs over every Indian's head''': as on '''31 March, 2016'''
+ECONOMIC AFFAIRS: INDIA]]
+[[Category:Government|E
+ECONOMIC AFFAIRS: INDIA]]
-Apart from all the EMI payments and other personal loans that each Indian may have availed, he or she also has another big, if notional, debt burden. This is the onus of paying back the loans and commercial borrowings of the Union government, money taken from external agencies primarily for developmental expenditure
+[[Category:India|E
 ==Sovereign debt==

@@ Line 242: / Line 242: @@
 ==Sovereign debt==
-===2017, 18: India and the world==
+===2017, 18: India and the world===
 [https://timesofindia.indiatimes.com/business/post-lehman-governments-continue-to-be-on-a-borrowing-spree/articleshow/67651314.cms  World debt continues to rise, January 23, 2019: ''The Times of India'']

← Older revision		Revision as of 10:52, 24 January 2019
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	Apart from all the EMI payments and other personal loans that each Indian may have availed, he or she also has another big, if notional, debt burden. This is the onus of paying back the loans and commercial borrowings of the Union government, money taken from external agencies primarily for developmental expenditure		Apart from all the EMI payments and other personal loans that each Indian may have availed, he or she also has another big, if notional, debt burden. This is the onus of paying back the loans and commercial borrowings of the Union government, money taken from external agencies primarily for developmental expenditure
		+
		+	==Sovereign debt==
		+	===2017, 18: India and the world==
		+	[https://timesofindia.indiatimes.com/business/post-lehman-governments-continue-to-be-on-a-borrowing-spree/articleshow/67651314.cms World debt continues to rise, January 23, 2019: ''The Times of India'']
		+
		+	[[File: 2017, 18- Sovereign debt in India, China, Pakistan and major economies.jpg\|2017, 18: Sovereign debt in India, China, Pakistan and major economies <br/> From: [https://timesofindia.indiatimes.com/business/post-lehman-governments-continue-to-be-on-a-borrowing-spree/articleshow/67651314.cms World debt continues to rise, January 23, 2019: ''The Times of India'']\|frame\|500px]]
		+
		+	A decade after the Lehman Brothers collapse triggered a global liquidity crisis, IMF has noted that sovereign debt ratios in advanced and emerging economies continue to rise. In 2018, the debt level of the US was a whopping 106.1 per cent of the GDP. Here's a look at the debt levels of some governments after global financial crisis.

	==New Initiatives in Fiscal Management==		==New Initiatives in Fiscal Management==

← Older revision		Revision as of 11:33, 22 December 2018
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	[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F12%2F08&entity=Ar00517&sk=E39916AA&mode=text From Arvind to Krishnamurthy: Subramanian named new CEA, December 8, 2018: ''The Times of India'']		[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F12%2F08&entity=Ar00517&sk=E39916AA&mode=text From Arvind to Krishnamurthy: Subramanian named new CEA, December 8, 2018: ''The Times of India'']

		+	[[File: Krishnamurthy Subramanian’s views on economic matters, before he became the CEA.jpg\|Krishnamurthy Subramanian’s views on economic matters, before he became the CEA <br/> From: [https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F12%2F08&entity=Ar02613&sk=57104B78&mode=image December 8, 2018: ''The Times of India'']\|frame\|500px]]

	The government appointed Krishnamurthy Subramanian, an associate professor at the Hyderabad-based Indian School of Business (ISB), as the new chief economic adviser.		The government appointed Krishnamurthy Subramanian, an associate professor at the Hyderabad-based Indian School of Business (ISB), as the new chief economic adviser.

← Older revision		Revision as of 11:32, 22 December 2018
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	• Income tax - 150 years of building India.		• Income tax - 150 years of building India.
		+
		+	=Chief Economic Advisors=
		+	== Krishnamurthy Subramanian, 2018- ==
		+	[https://epaper.timesgroup.com/Olive/ODN/TimesOfIndia/shared/ShowArticle.aspx?doc=TOIDEL%2F2018%2F12%2F08&entity=Ar00517&sk=E39916AA&mode=text From Arvind to Krishnamurthy: Subramanian named new CEA, December 8, 2018: ''The Times of India'']
		+
		+
		+	The government appointed Krishnamurthy Subramanian, an associate professor at the Hyderabad-based Indian School of Business (ISB), as the new chief economic adviser.
		+
		+	His appointment, for three years, comes nearly six months after Arvind Subramanian stepped down as CEA in June citing “pressing family commitments” and returned to academia in the US. At 47 years, Krishnamurthy Subramanian is among the youngest to be appointed to the post.
		+
		+	Subramanian comes with sterling credentials. He holds a PhD from Chicago University’s Booth School of Business and one of his guides was none other than Raghuram Rajan, who was the CEA before Arvind Subramanian and a for mer gover nor of the Reserve Bank of India (RBI).
		+
		+	Subramanian will have to hit the ground running as he will have to keep the economic survey — the economy’s report card — ready when a new government takes office in 2019. Arvind Subramanian had described the CEA’s job as the most exciting he had ever done. The new Subramanian on the block will have to bring all his skills into play in the tough real world of policymaking.
		+
		+
		+	'''An expert in banking, corp governance & eco policy'''
		+
		+	Krishnamurthy Subramanian’s appointment marks a break in the recent practice to have economists working in global institutions as CEAs. Besides Rajan and Arvind Subramanian, another US-based academic Kaushik Basu was the CEA during the UPA tenure. After Rajan’s and Arvind Subramanian’s departure there has been a debate on the issue of “swadeshi versus videshi economists”.
		+
		+	Krishnamurthy Subramanian, who is a prolific writer, backed had demonetisation, terming it as revolutionary.
		+
		+	“Many of us grew up despising politicians for feathering their own nests, compromising on issues of national importance and dragging their feet on bold decisions. Against this backdrop, the demonetisation effort is a refreshing change … the action may be revolutionary in the annals of the country’s fight against corruption,” he had written in one of his columns.
		+
		+	Subramanian is an electrical engineer from IIT Kanpur and an alumnus of IIM Kolkata where he was a top ranker in his batch. Before stepping into academics, Subramanian worked as a consultant with JPMorgan Chase in New York and also served in a management role at ICICI.
		+
		+	For students at ISB-Hyderabad, he’s just good old “Prof Subbu” – a charismatic yet strict teacher who does not believe in dishing out gyan but is always to the point and drives his students to work hard.
		+
		+	Akash Sheth, a PGP student, feels Prof Subbu is somewhat similar to Rajan in some aspects.
		+
		+	“What we have heard on campus is that he is very influenced by Rajan’s work and Rajan was also one of his gurus… So like Rajan, we hope that Prof Subbu too will not be diplomatic,” said Sheth.
		+
		+	“A strict disciplinarian, Prof Subbu will be fondly remembered on campus for his unique parenting and teaching style of ‘tough love’ as he himself likes to term it. He would use this analogy several times during the course of his lectures to promote punctuality and perfection,” said Mridul Shah, another PGP student.
		+
		+	And Subramanian is not just an exceptional teacher and researcher but also a trained Carnatic singer who also loves to hum Bollywood numbers, as one ISB staffer told TOI.
		+
		+	Subramanian, who is considered an expert in banking, corporate governance and economic policy has also been part of market regulator Sebi’s panels as well as those of the RBI.
		+
		+	He is also a member of Sebi’s standing committees on alternative investment policy, primary markets, secondary markets and research. Subramanian is also on the boards of Bandhan Bank, the National Institute of Bank Management, and the RBI academy.
		+
		+	“Hearty congratulations to Mr Krishnamurthy Subramanian for being appointed as the Chief Economic Adviser to the Finance Minister. Wishing him all the best in this stint and many more laurels,” his alma mater IIM Calcutta tweeted.

← Older revision		Revision as of 22:03, 30 January 2017
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−	'''A debt of Rs 54,000 hangs over every Indian's head'''	+	'''A debt of Rs 54,000 hangs over every Indian's head''': as on '''31 March, 2016'''

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 ===External debt===
-[http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=STATOISTICS-A-debt-of-Rs-54000-hangs-over-23122016008034 ''The Times of India'']
+[http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=STATOISTICS-A-debt-of-Rs-54000-hangs-over-23122016008034 ''The Times of India''], Dec 23, 2016
 [[File: External debt of the Government of India, March 31, 2016 and interest paid on debt, 2009-16, year-wise.jpg|External debt of the Government of India, March 31, 2016 and interest paid on debt, 2009-16, year-wise; [http://epaperbeta.timesofindia.com/Article.aspx?eid=31808&articlexml=STATOISTICS-A-debt-of-Rs-54000-hangs-over-23122016008034 ''The Times of India''], Dec 23 2016|frame|500px]]
@@ Line 237: / Line 237: @@
 '''A debt of Rs 54,000 hangs over every Indian's head'''
-−
 Apart from all the EMI payments and other personal loans that each Indian may have availed, he or she also has another big, if notional, debt burden. This is the onus of paying back the loans and commercial borrowings of the Union government, money taken from external agencies primarily for developmental expenditure

@@ Line 229: / Line 229: @@
 functions for the State Governments by agreement with the Government of the
 respective State (under section 21 A).
 ==New Initiatives in Fiscal Management==
 Persistent fiscal and concomitant growth in the public debt burden have been

@@ Line 1,772: / Line 1,772: @@
 ===Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) ===
 [[File: Women's participation in MGNREGA work and women's work participation, 2011-12, rural and urban.jpg|Women's participation in MGNREGA work and women's work participation, 2011-12, rural and urban; Graphic courtesy: [http://epaperbeta.timesofindia.com/Gallery.aspx?id=09_05_2016_012_066_002&type=P&artUrl=HANDS-ON-DECK-09052016012066&eid=31808 ''The Times of India''], May 9, 2016|frame|500px]]
 As per latest available information 5.48 crore house have been provided employment

@@ Line 1,771: / Line 1,771: @@
 ===Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) ===
 As per latest available information 5.48 crore house have been provided employment
 under MGNREGA during the year 2010-11 (upto march 2011. A total of 256.43 crore
@@ Line 1,780: / Line 1,782: @@
 lakh households have been provide employment of 9.34 crore person days with
 SCs, STs and women share of 22 per cent, 19 per cent and 51 per cent respectively.
 ===Rashtriya Swasthya Bima Yojana (RSBY) ===
 The objective of this scheme is to provide hospitalisation coverage to BPL households