Govt appoints V Anantha Nageswaran as new Chief Economic Adviser (January 28, 2022)
Nageswaran, an academician , author, consultant and former executive with Credit Suisse Group AG and Julius Baer Group, replaces Krishnamurthy Subramanian as the new Chief Economic Adviser to the Finance Minister.
He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021.

Key Highlights (Economic Survey 2022)
  • GDP Estimates: The Economic Survey projected an 8-8.5 percent gross domestic product (GDP) growth rate for the Indian economy in the 2022-23 fiscal year beginning on April 1. This compares to 9.2 percent GDP expansion projected by the National Statistical Office (NSO) for the ongoing financial year. 
  • Air India Privatization: The Economic Survey has highlighted that the privatization of Air India was a significant step in terms of boosting the privatization drive and gathering disinvestment proceeds.
  • Industrial sector : The growth of the industrial sector has been estimated at 11.2 per cent in FY22.
  • Consumption : Total consumption is estimated to have grown by 7.0 per cent in 2021-22 with significant contributions in the form of government spending.

National Company Law Appellate Tribunal

DHFL: NCLAT sets aside NCLT order that directed to consider Wadhwan's second offer (Jan 30, 2022)

The National Company Law Appellate Tribunal (NCLAT) has set aside an earlier order of the Mumbai bench of the NCLT, which had directed the administrator of the debt-ridden DHFL to put the second settlement proposal by erstwhile promoter Kapil Wadhwan before its lenders for consideration.


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