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This is their official twitter page
https://twitter.com/republic?lang=en
in full hiring mode
and
official website http://www.republicworld.com/
https://twitter.com/republic?lang=en
in full hiring mode
and
official website http://www.republicworld.com/
Wii you get warning or temporary banned for posting non trading realated post?:clap:
:clap:
Om Shanti.....Your post is also not related to trading.You should have reported the post instead of posting your non trading related comments.
You may still do it.TJ admin knows if the post is posted for sharing information or for creating fights and trouble in the thread.So they will take the appropriate action....
Smart_trade
Read this article fully... some good points in there. Lengthy article though.
View: Do these Budget 2017 numbers add up?
Now that the brouhaha over Budget 2017 is all but over, all eyes shift to Urjit Patel and the Reserve Bank of India’s (RBI) monetary policy announcement this Wednesday. The statement following the Budget is always of special interest as it is read as a signal of whether the government and RBI see eye to eye on broad macroeconomic assumptions underlying Budget numbers
Much, therefore, depends on the credibility of the Budget numbers. Finance minister Arun Jaitley has apparently been fairly restrained: deviation from the fiscal deficit target is relatively small at 0.2 percentage points. So should the RBI supplement his efforts with a monetary stimulus? In layman terms, should the Monetary Policy Committee (MPC) cut interest rates? Or should it take the view that monetary policy is already easy and opt, instead, to wait for greater clarity?
There are no easy answers. Not only because most banks have already reduced interest rates by more than the reduction in the RBI’s repo rate since January 2015. But, more importantly, because the fiscal arithmetic underlying Budget 2017 is not entirely credible.
Consider the numbers on which the finance minister has pulled off the impossible. He exceeded his revenue targets and overshot projected expenditure, and yet managed to adhere to the fiscal deficit target of 3.5% of GDP. All in a year when economic activity was majorly disrupted, post-November 8, 2016!
Let’s start with GDP estimates for fiscal 2017-18. These have been projected at Rs 168.47 lakh crore, assuming 11.75% growth over revised estimates for 2016-17. But wait a minute.
The Central Statistical Organisation (CSO), responsible for providing GDP estimates, has not put out revised estimates for 2016-17. All we have from the CSO are first advance estimatesfor 2016-17 GDP, published on January 6, 2016.
So, from where has the finance minister got revised estimates for 2016-17? “The Economic Survey,” said senior government officials, in a post-Budget television interaction on ET Now. But here’s the thing. Measurement of GDP is a complex statistical exercise. That is why it is entrusted to a specialised, technical body in every country, including India.
This year, since the presentation of the Budget was advanced by a month, the CSO also published its GDP estimates earlier, on January 6, 2017. However, it had a caveat: demonetisation had not been factored in as it did not have enough data to make a proper estimate.
So what is the sanctity of 2016-17 GDP estimates, which form the basis for 2017-18 GDP projections and, flowing from that, for tax collections, expenditure and so on? We do not know. The Economic Survey made a brave attempt to factor in the demonetisation impact. But can we accept its GDP estimates without question?
What we do know is that if we take the Survey’s nominal GDP estimates for 2016-17 and the CSO’s first revised estimates for 2015-16, we get a nominal GDP growth of just 10.2% for 2016-17, not 11%, as assumed in the Budget. Taking the CSO’s implicit GDP deflator of 1.25 for the year, the real GDP growth in 2016-17 falls to 6.2%, well below most estimates.
That is not all. Revised estimates, for corporation tax and personal income tax for 2016-17, are exactly the same as Budget estimates. Why? Because, hold your breath, government officials say they don’t have reliable numbers for direct tax collections as yet. So, Budget estimates have simply been repeated as revised estimates. Yet, it is based on such numbers that we are commending the finance minister for sticking to his fiscal deficit target of 3.5%. And provide the basis for projections in Budget 2017.
...............................
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
View: Do these Budget 2017 numbers add up?
Now that the brouhaha over Budget 2017 is all but over, all eyes shift to Urjit Patel and the Reserve Bank of India’s (RBI) monetary policy announcement this Wednesday. The statement following the Budget is always of special interest as it is read as a signal of whether the government and RBI see eye to eye on broad macroeconomic assumptions underlying Budget numbers
Much, therefore, depends on the credibility of the Budget numbers. Finance minister Arun Jaitley has apparently been fairly restrained: deviation from the fiscal deficit target is relatively small at 0.2 percentage points. So should the RBI supplement his efforts with a monetary stimulus? In layman terms, should the Monetary Policy Committee (MPC) cut interest rates? Or should it take the view that monetary policy is already easy and opt, instead, to wait for greater clarity?
There are no easy answers. Not only because most banks have already reduced interest rates by more than the reduction in the RBI’s repo rate since January 2015. But, more importantly, because the fiscal arithmetic underlying Budget 2017 is not entirely credible.
Consider the numbers on which the finance minister has pulled off the impossible. He exceeded his revenue targets and overshot projected expenditure, and yet managed to adhere to the fiscal deficit target of 3.5% of GDP. All in a year when economic activity was majorly disrupted, post-November 8, 2016!
Let’s start with GDP estimates for fiscal 2017-18. These have been projected at Rs 168.47 lakh crore, assuming 11.75% growth over revised estimates for 2016-17. But wait a minute.
The Central Statistical Organisation (CSO), responsible for providing GDP estimates, has not put out revised estimates for 2016-17. All we have from the CSO are first advance estimatesfor 2016-17 GDP, published on January 6, 2016.
So, from where has the finance minister got revised estimates for 2016-17? “The Economic Survey,” said senior government officials, in a post-Budget television interaction on ET Now. But here’s the thing. Measurement of GDP is a complex statistical exercise. That is why it is entrusted to a specialised, technical body in every country, including India.
This year, since the presentation of the Budget was advanced by a month, the CSO also published its GDP estimates earlier, on January 6, 2017. However, it had a caveat: demonetisation had not been factored in as it did not have enough data to make a proper estimate.
So what is the sanctity of 2016-17 GDP estimates, which form the basis for 2017-18 GDP projections and, flowing from that, for tax collections, expenditure and so on? We do not know. The Economic Survey made a brave attempt to factor in the demonetisation impact. But can we accept its GDP estimates without question?
What we do know is that if we take the Survey’s nominal GDP estimates for 2016-17 and the CSO’s first revised estimates for 2015-16, we get a nominal GDP growth of just 10.2% for 2016-17, not 11%, as assumed in the Budget. Taking the CSO’s implicit GDP deflator of 1.25 for the year, the real GDP growth in 2016-17 falls to 6.2%, well below most estimates.
That is not all. Revised estimates, for corporation tax and personal income tax for 2016-17, are exactly the same as Budget estimates. Why? Because, hold your breath, government officials say they don’t have reliable numbers for direct tax collections as yet. So, Budget estimates have simply been repeated as revised estimates. Yet, it is based on such numbers that we are commending the finance minister for sticking to his fiscal deficit target of 3.5%. And provide the basis for projections in Budget 2017.
...............................
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
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