Page 2239 - Economy & Policy News

Centre cuts reliance on market borrowings to finance fiscal deficit

Share of market borrowings to bridge the fiscal deficit has plunged from 89 per cent in FY15 to 71 per cent in FY19

CEA rebuts Arvind Subramanian, says hard for govt to create wrong narrative

Former CEA Arvind Subramanian in his research paper last month mentioned that India's growth rate between 2011-12 and 2016-17 was overestimated

Govt policies must nurture 'infant' firms to create jobs: Economic Survey

Companies that have the potential to grow and create employment need nurturing, says Economic Survey.

Eco survey calls for raising retirement age, merging schools as India ages

The conclusions in the study, "India's Demography at 2040: Planning Public Good Provision for the 21st Century," will have major implications for many companies

India must double infra spending, harness private investment: Eco Survey

To achieve the target of $10 trillion economy size by 2032, a robust and resilient infrastructure system is required, supported by adequate private investments

Gross tax to GDP ratio declined to 10.9% in FY19: Economic survey

The survey said though there has been improvement in tax to GDP ratio over the last six years, gross tax revenues as a proportion of GDP has declined by 0.3 percentage points in 2018-19 over 2017-18

Govt appears to be pessimistic about economy: Chidambaram on Eco Survey

Chidambaram, who had four stints as finance minister, said the survey didn't have sector-wise growth projections.

India's workforce will retire later as life expectancy improves: Eco Survey

Economic Survey says government must plan for pensions and other retirement provisions.

Eco Survey urges freer labour laws to create jobs, cites Rajasthan example

As per the Survey, no major labour reforms were initiated by the states in between the years 2007 and 2014

Need to raise per capita energy consumption by 2.5 times: Eco Survey 2019

The survey said India has the potential for $30 billion annual investment in renewables in next decade and even beyond that in view of its ambitious target of having 175 GW of clean energy by 2022

Eco Survey 2019: Economy moved to low level of inflation in last 5 fiscals

Retail inflation during the first month of the current fiscal stood at 2.9 per cent, down from 4.6 per cent a year ago

Economic Survey 2019 is candid about economy realities, say experts

The projection comes a day before the government is due to unveil its budget for the 2019/20 year.

Economic Survey 2019: India needs 8% growth to be $5-trn economy by FY25

The Survey, however, cautions that the country might face a challenge from an economic slowdown impacting tax collections amid rising state expenditure on the farm sector

Political stability should awaken the animal spirits of the economy: CEA

Real gross domestic product growth for the fiscal year started April 1 is projected at 7%, the Finance Ministry said in its annual Economic Survey report

Basmati exports to Iran back on track after embargo-induced roadblocks

Trigger provided by Centre's assurance ob sufficiency of funds in special rupee-denominated bilateral barter account

Tourism Ministry to launch Twitter-based grievance redressal mechanism

Tourism Minister Prahlad Patel had a meeting with officials of Twitter earlier this week and requested them to create a dedicated mechanism

Eco Survey tabled in Parliament, 2019-20 GDP growth expected to rise to 7%

In January-March, annual growth slumped to 5.8%, the slowest pace in 20 quarters.

Economic Survey likely to have 8 to 9 out-of-box ideas for long-term growth

Sources said Krishnamurthy Subramanian, the Chief Economic Advisor, may try to give not-to-common ideas on these key indices which are facing challenges

Pak airspace closure: Indian airlines lost Rs 550 cr, Air India Rs 491 cr

Private airlines SpiceJet, IndiGo and GoAir lost Rs 30.73 crore, Rs 25.1 crore and Rs 2.1 crore, respectively, the data stated.

Budget 2019 should not affect value of rupee: Government to emissaries

Government emissaries had met a spectrum of foreign investors in the past couple of months to figure out ways to draw in more capital into the economy