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Kaushik Basu News

15 Jan 2019

RBI might slightly cut interest rate: Kaushik Basu

The RBI's monetary policy review is slated in February.

India GDP growth

24 Dec 2018

Slowing GDP growth cause for concern: Kaushik Basu

Basu, the former World Bank chief economist, said distress has been "very much visible in the agriculture sector" as the "condition of farmers is bad".

05 Aug 2017

Social damages might have more lasting impact on economy than wrong policies: Kaushik Basu

"Social damages to an economy can take much longer to correct than demonetisation or a wrong economic move that can be corrected," he said.

EX chief economic advisor

27 Jun 2017

Kaushik Basu takes over as IEA president

Basu's three-year term started from June 23.

Universal Basic Income

10 Feb 2017

Universal Basic Income should have a cut off income, says Kaushik Basu

The Universal Basic Income (UBI) scheme should have a cut off income and people should be encouraged to give it up voluntarily, former World Bank Chief Economist Kaushik Basu has said.

02 Oct 2016

Global economy in protracted deterioration; India stands out: Kaushik Basu

Worried about the global economy being in a "protracted deterioration", noted economist Kaushik Basu has warned against low interest regimes and the rich countries following "foolish policies" like protectionism even as he asserted India stands out with a growth rate of over 7 per cent.

02 Oct 2016

No govt role for ex-World Bank chief economist Kaushik Basu, to return to academia

Having served World Bank as its Chief Economist for about four years, India's former Chief Economic Advisor Kaushik Basu says he will not take up any position in the Indian government and plans to return to Cornell University and focus on his research projects.

18 Aug 2016

Arun Jaitley meets PM Modi over new RBI Governor's appointment

Finance Minister Arun Jaitley on Thursday held an hour-long discussion with Prime Minister Narendra Modi over appointment of new RBI Governor, a post that will fall vacant on September 4.

05 Aug 2016

Central bank should enjoy autonomy: Kaushik Basu

Stressing upong the fact that a Central bank should enjoy autonomy, World Bank chief economist Kaushik Basu said on Friday that ensuring the same is very important.

17 Jul 2016

World Bank likely to name NYU's Paul Romer as next chief economist: Sources

The World Bank is expected to name New York University economics professor Paul Romer as its next chief economist this week, two people familiar with the decision said, a move that would bring in a prominent voice advocating for investment in human capital.

29 Dec 2015

Indian economy likely to grow at 7-7.5% in 2016: Kaushik Basu

Until October, the World Bank retained India's growth forecast at 7.5 percent for 2015-16 and expected it to be 7.8 percent in 2016-17 and 7.9 percent in 2017-18.

India's economic growth

28 Dec 2015

India, US are two engines of growth amid bleak global scenario: Kaushik Basu

In this bleak global scenario, the US among the rich economies and India among the emerging economies are the two engines of growth, World Bank chief economist Kaushik Basu said.

India's economic growth

26 Dec 2015

World Bank may revise India's economic growth projection in January review

Recession in Brazil and Russia and slowdown in China have made India the leading economy in terms of growth prospects for the first time this year.

28 Oct 2015

India ranks 130 in ease of doing business report; jumps 12 spots

India now ranks 130 out of 189 countries in the ease of doing business, moving up 12 places from last year, according to a World Bank report.

27 Aug 2015

$354-bn forex reserves too small to fight a crisis: Kaushik Basu

World Bank chief economist Kaushik Basu Wednesday said the USD 354 billion of forex war-chest is not sufficient to fight a crisis and advocated accumulation of more currency assets as the right strategy.

India's economic growth

11 Jun 2015

India leads emerging economies in growth chart, GDP set to surpass China this year

India with an expected growth rate of 7.5 percent this year is set to surpass China and for the first time is leading the World Bank's growth chart of major economies.

14 Apr 2015

India tops in remittances, receives $70 billion

The World Bank has said India continues to be the leading nation in remittances pulling in USD 70 billion from its global migrant workforce in 2014.

14 Jan 2015

India will catch up with China's growth rate in 2016-17: World Bank

"India will catch up with China's growth in the year 2016 and 2017," World Bank Chief Economist and Senior Vice-President Kaushik Basu told reporters here.

14 Jan 2015

Indian economy to grow by 7% in 2016: World Bank

Overall, Basu painted a dim picture of the global economy facing a "stalled recovery in some high-income economies and even some middle-income countries" but said "there are some silver linings behind the clouds."

India fiscal health

08 Jan 2015

India should use low oil prices to put fiscal house in order: Kaushik Basu

The sharp decline in global crude oil prices gives India a rare "window of opportunity" to put its fiscal house in order and carry out the much-needed economic reforms like cutting down oil subsidy, says a top World Bank official.

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