K SUBRAMANIAN
K-Drama on D-Street! Kotak Mahindra Bank on Hindenburg hitlist after Adani
US-based activist investor Hindenburg Research has once again opened its mouth on the Adani controversy but the target this time is Kotak Mahindra Bank and markets regulator Sebi. As a result, shares of the private sector lender fell up to 4% while Adani stocks were unaffected by the revelations made by the short-seller.
Hooch tragedy echoes in Tamil Nadu Assembly for second consecutive day, govt rules out CBI probe
In the Tamil Nadu Assembly, the Kallakurichi hooch tragedy, which has resulted in 53 deaths, was a focal point for the second consecutive day. The opposition AIADMK staged a walkout over the issue, demanding a CBI inquiry. In response, the ruling DMK criticized AIADMK for politicizing the matter and emphasized the government's transparency. Law Minister S Regupathy asserted that a CBI inquiry was unnecessary, stating that the government had been forthcoming and had nothing to hide.
Will put an end to 'scams' like NEET, says Tamil Nadu CM MK Stalin
Tamil Nadu Chief Minister M K Stalin on Friday said he would put an end to entrance test "scams" like the National Eligibility-cum-Entrance Test (NEET) for admission to medical courses and ensure unhindered access to education. He asserted that education is the only asset that no one can steal.
NEET row: TN slams Centre on grace marks, irregularities, demands abolishing national test
NEET Result Row: The Tamil Nadu government criticized the Centre for alleged NEET irregularities, deeming grace marks as fraudulent. DMK's calls to abolish the test gained momentum amid national protests. State Health Minister demanded transparency on grace marks allocation, citing mental distress for 23 lakh candidates. Centre cancelled grace marks and offered re-test option. Tamil Nadu seeks NEET abolition for equal medical education access.
Indian economy can grow at 8 per cent till 2047: Krishnamurthy Subramanian
India's Executive Director at the International Monetary Fund, Krishnamurthy Venkata Subramanian, said India's economy could grow at 8% until 2047 if good policies are redoubled and reforms accelerated. He emphasised the need to strengthen the domestic economy and encourage job creation in the manufacturing sector through reforms in land, labor, capital, and logistics sectors. Subramanian highlighted the potential for India to become a USD 55 trillion economy by 2047 if it maintains an 8% growth rate.
DMK's K Ponmudy sworn in as Minister by Governor Ravi, a day after SC nudge
Senior DMK leader K Ponmudy was sworn in as the Tamil Nadu Minister for Higher Education by Governor RN Ravi, following a nudge from the Supreme Court. Ponmudy had lost his post in December 2023 after being convicted in a disproportionate assets case but was reappointed after the Supreme Court suspended his conviction. The swearing-in ceremony took place at the Raj Bhavan in the presence of Chief Minister M K Stalin and other Ministers. The reinduction of Ponmudy ends a face-off between Stalin and Ravi.
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ETMarkets Smart Talk: Rs 10 lakh to invest in 2024? Allocate 80% to equity and add some REITs: Srikanth Subramanian
Srikanth Subramanian says: "In 2024, if the much-anticipated rate cuts do happen, one factor of uncertainty would be behind us. So, a majority of the money getting freed up from treasuries or fixed income per se will tend to move to equities. And with Gold having a yearly outlook is quite challenging, largely because gold is a hedging bet."
Unacademy CFO Subramanian Ramachandran resigns
This is the second exit among chief executive Gaurav Munjal's team of direct reportees since August, when the startup's chief operating officer Vivek Sinha took to LinkedIn and X (formerly Twitter) to announce his resignation.
ETMarkets Smart Talk: Nifty@20K: Investors should avoid taking leverage positions, recommends Srikanth Subramanian
"In the short term, investors should stay put and focus more on diversifying their allocations to reduce overall downside risks. One should not get carried away with the sharp surge seen in the mid, small, and micro-cap space. We are heading into a general election year and volatility is bound to persist. One should not take leveraging positions and continuing with SIP investments at this point is the ideal way forward."
AIADMK chief Palaniswami chides TN Health Minister as 'sports coach,' tells him to focus on work
Since the Health Minister did not pay attention to his department, people are suffering in view of insufficiency in state hospitals in providing care. "At the least from now on, the Health Minister should fully focus on his department and take necessary steps to facilitate appropriate treatment to patients visiting government hospitals."
Governor has nothing to do anymore with NEET bill, says TN health minister
Tamil Nadu Health Minister Ma Subramanian on Sunday criticised Governor R N Ravi's statement over the state's anti-NEET bill, saying he has nothing do with it anymore since it has been sent for Presidential assent. Subramanian was responding to Ravi's statement made on Saturday that he would never give clearance to the Tamil Nadu Assembly adopted bill against the National Entrance-cum-Eligibility Test (NEET).
Bogged down by failure? Former CEA K Subramanian recalls how his advice of chanting Hanuman Chalisa helped teen navigate admission woes
An alumnus of the prestigious IIT Kanpur & IIM Calcutta, Dr. Krishnamurthy Subramanian is one of the leading economists in India.
ETMarkets Smart Talk: With cost of money expected to go down, FIIs will prefer India: Srikanth Subramanian
Mid-caps and small caps have outperformed the most, followed by the Nifty50 index. But what has been a constant pattern in the last 18 months has been profit booking at the end of these quickly spurted rallies, taking markets down again.
Investors give thumbs down to CEO exits
Mahindra Lifespace Developers' shares declined nearly 6% last market after its CEO and MD, Arvind Subramanian, announced his resignation. Broking firm Angel One shares fell for three trading sessions after its chief executive, Narayan Gangadhar, resigned from the post on February 17. According to analysts, an unexpected exit by a CEO has mostly impacted stock prices in the near-term as the move is seen to be disruptive for companies' growth plans.
Making a case for changing base year for GDP calculations
Krishnamurthy Subramanian's hypothesis is that base effect underestimates actual GDP growth during the lifecycle of revisions to GDP. He espouses a new statistical methodology 'without base adjustment's and estimates the GDP growth numbers for FY23. These, according to him, reflect the true picture of GDP growth. Further, while arriving at the quarterly estimates for Q3 2023, he assumes that the revision in annual growth numbers is evenly spread across quarters.
India can grow at about 7% despite global uncertainty: Former chief economic advisor K V Subramanian
India is already undergoing this shift to a higher growth path because of the sagacious economic policy implemented in COVID, where we undertook measures to enhance both supply and demand along with structural reforms, says former CEA K V Subramanian.
Budget will trigger growth, say textile bodies
However, there was no announcement on continuance of ATUF scheme in this budget and he was hopeful that government would announce it in the near future, he said.
Skill the youth to become talent basket of the world, say top minds at ET CEO Roundable
In the panel of ET CEO roundable were Amitabh Kant, Arundhati Bhattacharya, K Subramanian, Sanjeev Bikhchandani, M Damodaran, Preetha Reddy, Haigreve Khaitan, Harsh Mariwala, Adar Poonawalla, K Subramanian and N Venkatram.
Government appoints Former CEA K Subramanian as Executive Director for India at IMF
The Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, approved the appointment of Subramanian for a period of three years w.e.f 01.11.2022 or until further orders, whichever is earlier, the order said. Subramanian stepped down as the CEA following completion of his three-year tenure in October last year.
72 Rajya Sabha members to retire by July, House pays farewell
The retiring members include, A K Antony, Ambika Soni, P Chidambaram, Anand Sharma, Jairam Ramesh, Suresh Prabhu, Praful Patel, Subramanian Swamy, Prasanna Acharya, Sanjay Raut, Naresh Gujral, Satish Chandra Mishra, M C Mary Kom, Swapan Dasgupta and Narendra Jadhav.
India to log double-digit growth this fiscal: CEA K V Subramanian
The government estimates fiscal deficit at 6.8 per cent of the gross domestic product (GDP) for the current financial year ending on March 31, 2022.
Government policies directed at fostering competition, says CEA
As the impact of reforms starts taking in, the potential growth would accelerate beyond 7 per cent, he said, adding, "given the seeds that we have sown, (they) should fructify in this decade. It should be a decade of inclusive growth for India."
Confident that LIC listing should happen by fourth quarter of this year: CEA Subramanian
Subramanian, who was replying to a query on privatisation, talked about the 'Atma Nirbhar Bharat' policy and the key reform of promoting privatisation vis-a-vis public sector entities except for some strategic sectors.
GST structure rationalisation will definitely happen, says CEA KV Subramanian
Rolled out in 2017, the GST has subsumed multiple state and central indirect taxes into one. It has five rates currently-0.25%, 5%, 12%, 18% and 28% plus cess on luxury goods. host of common use items have been exempted from GST.
Slew of reforms by govt to spur investment: Chief Economic Adviser K V Subramanian
Stressing that India is the only country among large economies that has done a slew of reforms in the last one-and-a-half years, Subramanian said these are especially focused on removing a lot of supply side frictions paving way for investment to flow in.
Government open to more measures to boost economy: CEA K V Subramanian
CEA K V Subramanian added that the demand for a fresh stimulus package has to be considered against the backdrop of a host of initiatives taken by Finance Minister Nirmala Sitharaman in her budget for 2021-22 presented in February.
Investment climate going well in India; private sector should skill workforce: CEA
Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy.
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