Budget: PM Modi to interact with leading economists on Friday
Top economists and experts who will participate in the meeting include Arvind Panagariya, KV Kamath, Rakesh Mohan, Shankar Acharya, Shekhar Shah, Arvind Virmani, and Ashok Lahri.
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Prime Minister Narendra Modi will interact with leading economists and sectoral experts on Friday to deliberate on measures that may be included in the upcoming Budget for promoting growth, amid uncertainty on multiple fronts caused by
COVID-19.
It will also be attended by Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur, Niti Aayog Vice Chairman Rajiv Kumar, and
Economists urge PM Modi to push privatisation, increase infrastructure spending
According to a note issued by Niti Aayog after the meeting, all the attendants agreed that high frequency indicators are showing signs of a strong economic recovery, and that too earlier than expected
PTI | January 9, 2021 | Updated 16:29 IST
Modi further said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved
Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.
Economists urge PM Narendra Modi to push privatisation, increase infra spending
Narendra Modi said the COVID-19 pandemic and the subsequent management threw up new professional challenges for all those involved.
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NEW DELHI: Prime Minister Narendra Modi on Friday highlighted the fiscal and reform measures undertaken by the government following the COVID-19 outbreak as he held deliberations with top economists who pitched for pushing privatisation, avoiding challenging international arbitrations and increasing infrastructure spending.
Participating in a virtual meeting with the Prime Minister, some economists suggested that the government could take a lenient view on fiscal deficit in the forthcoming Budget for 2021-22 due to the urgency to revive the pandemic-hit economy, sources said.
Top economists on Friday urged Prime Minister Narendra Modi to aggressively push privatisation of state-owned enterprises, avoid challenging international arbitrations and increase infrastructure investment, saying these were essential to build investor confidence. Participating in a virtual meeting with the Prime Minister, some economists suggested that the government could take a lenient view on fiscal deficit in the forthcoming Budget for 2021-22 due to the urgency to revive the pandemic-hit economy, sources said. According to the sources, the participants urged the government to come up with policies to increase exports and build investors confidence as despite multiple structural reforms across sectors, investments are still not flowing into India in a big way. There is a need to boost investor confidence.
Economists urge Prime Minister Modi to push privatisation, increase infrastructure spending
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Last Updated: Jan 11, 2021, 12:51 PM IST
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Synopsis
In a virtual meeting with Prime Minister Narendra Modi, they suggested relaxing the fiscal deficit target in order to push infrastructure spending and steer the pandemic-hit economy back to the growth path, people aware of the deliberations told ET.
ANI
New Delhi: Weeks ahead of the budget, top economists on Friday suggested the government work towards boosting investor confidence and avoid challenging international arbitration awards – as in the Vodafone case – while endorsing the government’s reform initiatives, including labour law changes.