City Sanyal Financial News

Mint. These next-generation reforms will go alongside India's aspirational goal of establishing the rupee as a stable currency over the next decade, helping internalize its usage, besides enhancing its global acceptance as a payment mode. Additionally, the bureaucracy must keep pace and meet the demands of the 21st century, Sanyal said, adding that the other major area for reforms would be the legal processes.

₹2 crore (in compensation), while SCDRCs handles cases between ₹50 lakh and ₹2 crore. District consumer dispute redressal commissions (DCDRC) have jurisdiction over cases that entail up to ₹50 lakh in compensation.

India's economy is expected to grow 7.3 per cent in the current fiscal year ending in March, the highest rate of the major global economies, helped by state spending and a pickup in manufacturing, the National Statistics Office said on Friday. Siddhartha Sanyal, Chief Economist, Bandhan Bank, DK Joshi, Chief Economist, CRISIL and Indranil Pan, Chief Economist, Yes Bank, in conversation with ET Now How do you see these numbers and what do these really numbers project for the Indian economy going into 2024? Siddhartha Sanyal: In the first half of the financial year, we had seen that GDP growth for India had been around 7.6%. This particular number was known for a while. Now, at the same time, till very recently we were expecting that still the full year number will be in the vicinity of 6.5%, that means talking about a significantly lower number for the second half of the financial year, but now the 7.3% with quite a lot of data points already available in hand for the first nine odd months, government clearly is much more confident about the second half growth.

hiring in 2024. Top companies like L&T, Tata Steel, PepsiCo, Airtel, ITC, among others, told ET that their hiring plans are on track for the coming year mostly due to expansion of existing operations, bringing cheer to the otherwise muted job market. This is at a time when most players, especially the IT firms, are cutting down hiring numbers, especially at the entry level. Hiring for this bunch will largely be focused on women to improve gender diversity; sustainability; and entry level talent from the campuses apart from lateral hiring. Overall, the hiring momentum for 2024 will likely be the same as 2023 and in some cases, even more. Hiring momentum will continue in 2024 because of the growth and expansion plans at Tata Steel to reach 40 million tonnes capacity by 2030, said Atrayee Sanyal, VP, human resource manager, Tata Steel.

Economic Advisory Council to the PM (EAC-PM) has proposed making the pre-litigation mediation for commercial cases voluntary, similar to civil cases, saying it will reduce the timeline of dispute resolution in such cases by three to five months and lower the legal costs that entrepreneurs have to bear. “Section 12A of the Commercial Courts Act, 2015, must be amended to make pre-litigation mediation for commercial cases voluntary,” Sanjeev Sanyal, member, EAC-PM said in his working paper co-authored with Apurv Kumar Mishra, a consultant at EAC-PM.

Arvind Panagariya said on Thursday. India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining, and services sectors, the government data showed on Thursday. The Gross Domestic Product (GDP) expanded 6.2 per cent in the July-September period.

mutual funds that align with your long-term financial goals. So, before you choose the mutual fund that is “right" for you, it is imperative to give careful consideration to a number of factors such as investment goals, risk tolerance, performance history, and expert management, among others. “Investing in mutual funds is a great way to grow your wealth.

Siddhartha Sanyal is chief economist and head of Research at Bandhan Bank. The author thanks Gaurav Mukherjee for his assistance. Views are personal."Exciting news! Mint is now on WhatsApp Channels

Sanjeev Sanyal, a Member of the Economic Advisory Council to the Prime Minister, while speaking at the Africa Partnership Conference in Mauritius, emphasised on the importance of having clear Environmental, Social & Governance (ESG) norms. The two-day Africa Partnership Conference envisaged to spur cross-boundary collaboration, which kicked off in Mauritius on October 2, will be an ideal platform for Indian stakeholders to pursue wider bilateral trade and strategic goals. Sanyal in his address, stressed that ESG norms would soon have a significant impact on various aspects of our global landscape. While the term ESG is widely recognized, precise norms have yet to be established. Currently, ESG norms are being defined by various ad hoc groups and NGOs.

Covid pandemic and Russia’s invasion of Ukraine, both of which caused disruption in energy markets. There have been speculations as who will be new boss.

Sanjeev Sanyal, Member, Economic Advisory Council-PM, says “not only in decades, but even in centuries, we are in some ways clawing back some of our heft in the world. After a very, very long time, India counts for something in the world economy. Both of these things are coming together at the time that we are hosting the G20. As a result of that, this is a real opportunity for India to help set the global agenda, to show leadership and so on.” Sanyal further says: “We are truly going through a renaissance like the Europeans went through a renaissance in the 1500s. In every field of human endeavour, suddenly Indians matter. We are even managing to throw javelins further than everybody else. Who knew that a few years ago? We are managing to land on the moon.”What is the importance of hosting the G-20 summit this year? Especially for India, this summit is happening at a scale that has never been done before but the scale at which we are attempting to integrate with the world on trade and commerce also have never been done before. Help us understand the importance of it all.First of all, it is an opportunity for India to show global leadership at a particular juncture in history for both the world and for India. So notice that we have come out of the Covid crisis, because of which the years – 2020, 2021 and 2022 – were totally disrupted. 2022 was a little bit better and the Indonesia leadership summit did work out but those three years were very disrupted.

Infosys Foundation Chairman Sudha Murthy is among the 19 people who are now part of a new committee constituted by the NCERT. Apart from Murthy, Dr. Bibek Debroy, Sanjeev Sanyal, and singer Shankar Mahadevan will also have the authority to finalise the curriculum, textbooks, and learning material for classes 3 to 12.

Infosys Foundation chair, singer Shankar Mahadevan, and economist Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Council, are part of this endeavour according to an internal note of NCERT as reported by HT. The primary goal of this committee is to align the curriculum with the National Curriculum Framework for School Education (NCF-SE). Developed under the guidance of the K Kasturirangan-led steering committee as a part of the National Education Policy (NEP) 2020 implementation.

economic advisory council to the Prime Minister, Sanjeev Sanyal said Tuesday, two days before the Reserve Bank of India's August monetary policy announcement. The six-member monetary policy committee of the central bank began its meeting Tuesday. The committee members are expected to focus this time more on tomato and green chilli prices, which surged last month, leading to a rise in consumer price index (CPI) for the first time in five months.

NEW DELHI : Reforming India’s administrative machinery and the legal system, along with making the rupee a hard currency, widely accepted for global transactions, are top on the government’s next reform agenda, said Sanjeev Sanyal, a member of Prime Minister Narendra Modi’s Economic Advisory Council. In an interview, Sanyal said that maintaining macroeconomic stability and taking care of the bottom of the pyramid are the two key pillars of the government’s economic management strategy. Edited excerpts: Our GDP (gross domestic product) rowth will be somewhere in the 6.5-7% range.

The event which was conducted from July 21 to July 22, 2023, around 35 foreign delegates and 65 Indian delegates from reputed institutes around the world gathered to discuss the themes of Clean Energy for a Greener Future, Universal Holistic Health, and Connecting Science to Society & Culture. The delegates included experts from The Royal Society, United Kingdom; National Academy of Sciences, USA; International Science Council, France; CERN, Switzerland; Indian National Science Academy amongst others.

By Amruta Khandekar and Shreyashi Sanyal

The digital rupee move will be give a big boost to economy, Nirmala Sitharaman said.

RBI) will introduce its digital currency in the new financial year. Digital currency will lead to a more efficient and cheaper currency management system, the Finance Minister said during her budget speech in Parliament. «It is, therefore, proposed to introduce digital rupee using blockchain and other technology to be issued by the Reserve Bank of India starting, 2022-2023,» she added.

All of the top-10 digital tokens were trading higher during the trade on Tuesday. Terra zoomed 17 per cent, followed by a 13 per cent rise in Solana and a 10 per cent jump in Polkadot. The global crypto market cap jumped almost about 5 per cent to $1.75 trillion. However, the total crypto market volume tanked more than 13 per cent to $63.80 billion.

New Delhi: The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country's financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. The issue of cryptocurrency has not been covered in the Economic Survey 2021-22, Sanyal said in an interaction with media on the Survey tabled in Parliament by Finance Minister Nirmala Sitharaman earlier in the day. «As you know, this is a matter of some debate, both inside the government, in the Ministry of Finance, and even in Parliament. So, this is something that is currently in discussion,» he said.