Page 1152 - Economy & Policy News

Banks' non-food credit grows to 9.3% in December, shows RBI data

Banks' non-food credit accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year, according to the latest data from the RBI

Economic Survey showcases development using satellite, geo-spatial images

The Economic Survey has used a mix of satellite imagery, geospatial data and cartographic techniques to showcase the country's development and urbanisation over the years

Eco Survey: Share of start-ups in patent applications rise over 5x in 5 yrs

In 2019-20, the share of start-ups in total patents filed was 3.3%; share in total patents granted was 0.51%

Abatement of Covid to kick in virtuous investment cycle, generate jobs: CEA

V Anantha Nageswaran said the construction sector is beginning to revive and that's one of the highest employers in the country

M&A to strengthen as IT services players try and differentiate: Study

Nasscom-EY study says overall deal activity may be at record levels over past few quarters after huge drop in Q2FY20. Deal volume and value of $297 bn in 2021 much higher than 2020 level

Modi govt is proud of high tax collection, doesn't see people's pain: Rahul

Congress leader Rahul Gandhi on Monday alleged the Narendra Modi government sees high tax collection as its big achievement but does not see the pain of the people who are troubled by the tax burden.

Economic Survey: Renewable energy account for 10% of electricity generation

The share of renewable energy in installed capacity is 22%

Core sector output up 3.8% in Dec 2021

Barring crude oil and steel, all sectors recorded positive growth in December 2021

Gati Shakti will be achieved if Centre, states work together: Scindia

The multi-modal connectivity envisaged under "PM Gati Shakti" will be achieved if the Centre and all the 36 states and Union territories work together, Aviation Minister Jyotiraditya Scindia said

Economic Survey GDP forecast of 8-8.5% optimistic, say experts

CII Director General Chandrajit Banerjee said the Economic Survey's GDP growth forecast will catapult India as the fastest growing major economy of the world for two consecutive years

Govt revises FY21 GDP growth to -6.6% from -7.3% earlier

As per the provisional estimates released in May 2021, the GDP had contracted by 7.3% in 2020-21

FM Nirmala Sitharaman to boost budget spending to support eco growth

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Govt to take balanced view on cryptocurrency, says PEA Sanjeev Sanyal

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.

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

India likely to produce 31.45 mn tonnes of sugar in 2021-22 marketing year

India is likely to produce 31.45 million tonnes of sugar in 2021/22 marketing year, nearly 3.1% more than the previous estimate, as output is set to jump in the key western state of Maharashtra

Economic Survey: Govt skill programme could place only one in 6 candidates

PMKVY 3.0 has had the worst track record, with only 3.6 per cent placement under the scheme

Economic Survey: Namami Gange expenditure only half of budgeted outlays

Sewage treatment capacity during the last eight years has been scaled up ten times

Economic Survey: Railways target 100% electrification by Dec 2023

The Indian Railways (IR) has set a target of 100 per cent electrification of its network by December 2023, said economic survey 2021-22.

Economic Survey: Covid-19 vaccination critical for opening up of economy

The COVID-19 vaccination should be treated as a macro-economic indicator since it is not merely a health response but is critical for opening up the economy, according to the Economic Survey 2021-22.

Economic Survey: India can withstand policy normalisation by others

With forex reserves of over $630 billion and plenty of "policy room" to deal with the situation, India can withstand normalisation of monetary policy by central banks of large economies