INSUBCONTINENT EXCLUSIVE:
and services tax, a bankruptcy and insolvency law and the Monetary Policy Committee -- have been mired in problems since the Covid-19
consumption tax regime, increasing tension between the two tiers of government
policy at Ahmedabad University
on his mobile phone for comment.Record Slump
Modi has been hailed by investors for his business-friendly reforms, which had been under
discussion for years but pushed through in the first three years when he first took office in 2014.
The stalling of those programs is
is predicting the economy will shrink 14.8% in the fiscal year through March 2021.
The government is still pushing through policy reforms
to borrow the shortfall amount until it can resume payments when tax revenue improves
With states unable to deliver key spending programs, some have threatened to take the matter to court.
On the bankruptcy law, banks were
The move will further delay bankruptcy settlements for banks grappling with huge bad-debt ratios.MPC Delay
The Insolvency and Bankruptcy
Garg, a former top bureaucrat at the Finance Ministry in the Modi government, told businessmen recently
layer of complication for bankers
It could weigh on lending at a time when credit growth is already weak.
Graph
Finance Minister Nirmala Sitharaman said last week the
She is due to meet her counterparts from states Monday on the GST compensation matter.
While investors continue to be optimistic about
considered bad from an institutional quality perspective, said Hugo Erken, head of international economics at Rabobank
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