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NRIs kept faith with India during the global plunge: Survey |
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| Even as global investors were pulling out their money from India, Non-Resident Indians (NRIs) deposited $1 billion in bank deposits (net of withdrawals) during the three month period of October-December 2008. Read |
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Recovery may decide growth trajectory |
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| The survey assumes normal monsoon which translates to 3 per cent growth rate in agriculture, which constitutes around 17 per cent of the country’s Gross Domestic Product (GDP). Read |
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Need for rating system for NGOs |
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| A rating system for providers of social services is one of the key items on the social sector wish list of the Economic Survey, which notes the money spent on this head has gone up several times from what it was previously. Read |
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Dual GST structure favoured |
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| The pre-Budget Economic Survey asked the government to implement the goods and services tax (GST) through the country as a part of continuing fiscal reforms, while favouring a dual GST structure to be levied concurrently by both the Centre and state. Read |
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Red flag over job losses |
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| The Economic Survey 2008-09 sounds alarm bells about the ongoing effects of the global slowdown on unemployment and has pressed upon the government the urgency of a major response, especially in the unorganised sector. Read |
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Economy is sound, let's push reforms, says Economic Survey |
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| Painting a picture of a resilient economy, the pre-Budget Economic Survey 2008-09, tabled in Parliament today by Finance Minister Pranab Mukherjee, said India could grow up to 7.75 per cent in 2009-10, up from 6.7 per cent in 2008-09, provided the global economy, particularly the United States, bottomed out by September and the government was able to push the button on significant economic policy reforms. Read |
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'Need to amend labour laws' |
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| The Economic Survey has suggested a series of amendments to labour laws which could make retrenchment easier, encourage contract employment, and increase working hours of contract employees, which will help employers cut costs. Read |
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Economists glad with reforms agenda |
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| The economists today welcomed the Economic Survey prescribed reforms in various sectors, but said it failed to accord priority to the listed reforms. Read |
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Depositors to suffer if savings rates linked to govt bonds |
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| Persons depending on post office savings schemes would witness an erosion of income if the government accepts the Economic Survey's proposal to link interest rates on them with yields on government bonds. Read |
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Eco Survey prescribes reforms that were no-no a year ago |
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| Laying the roadmap ahead of the Budget, the Economic Survey today sought sweeping financial reforms, an ambitious disinvestment programme, free pricing for fuel and fertiliser, opening railways to private sector and liberalising FDI in defence, retail and insurance areas. Read |
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