Page 339 - Economy & Policy News

Budget 2024 Updates: Finance Minister Nirmala Sitharaman to present the Union Budget on Tuesday

Union Budget 2024: As Finance Minister Nirmala Sitharaman presents the Union Budget on Tuesday, markets expect tax cuts, infra spending, and a boost to rural demand. Stay with us for all updates

E-commerce as a major building block for Viksit Bharat@2047

The biggest support these enterprises need is in their marketing, access to domestic and international markets, and handholding, wherein e-commerce steps in a big way

Private capex in key infra sectors not 'to the extent desired': Eco Survey

Between FY19 and FY23, the central and state governments contributed 49 per cent and 29 per cent, respectively, to total investments. The private sector's contribution was a mere 22 per cent

GDP growth in FY25 may surpass Economic Survey's prediction: India Inc

Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"

Revenue per room up over 150% from FY21, says Economic Survey

Occupancy rates are over 60 per cent for the third year in a row

One-third of food inflation came from vegetables in 2023-24: Eco Survey

It became the second biggest contributor after cereals during the year, shows data from the Economic Survey

Rupee falls to new record low tracking the decline in Chinese Yuan

Market participants said that the Indian currency did not depreciate further as the Reserve Bank of India intervened in the foreign exchange market by selling dollars

AI poses both risks and opportunities for youths, says Economic Survey

Puts onus on pvt sector to make sure jobs aren't replaced but reshaped

Stressed debt worth Rs 1.25 trillion on NARCL's radar: Economic Survey

Incorporated in 2021, with majority stake held by public sector banks and the balance by private sector banks, NARCL has the mandate to acquire fully provisioned stressed assets from banks

Pvt sector's offering to 'toxic mix of habits' substantial: Eco Survey

Social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India's economic potential

Economic Survey: DPI brings down KYC costs to Rs 6 from about Rs 1,000

The disclosure on KYC costs comes as the RBI has been cautious about KYC risks and has emphasised well-defined norms for market players

Eco Survey: Quadruple psychiatrists, integrate mental health in schools

Even as experts acknowledge the challenge, they also point to a rising trend in the number of psychiatrists due to an increased number of postgraduate seats in recent years

Better utilisation of land will bring fixed cost of production: Survey

MSMEs are the backbone of the Indian economy, contributing approximately 30 per cent of the country's gross domestic product (GDP)

Indian carriers should be strengthened for long-haul flights: Eco Survey

"A large proportion of Indian international traffic for the long haul goes through connectivity hubs in the Middle East and Southeast Asia"

Need to capacitate Mospi to integrate all required statistics: Eco Survey

The survey notes that official statistics play a pivotal role in addressing societal challenges and promoting inclusive growth

117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey

Startups soar from 300 to over 100k in 7 years

Economic Survey says need for 'viable, cost-effective' housing in India

Going forward, the demand for housing is expected to be driven by affordability and increased access to credit, it said

Households not in distress, investing more in financial assets: CEA

The Economic Survey has projected a prudent growth rate of 6.5-7 per cent for the current financial year, and much will depend upon the progress of the monsoon, Nageswaran added

14% iPhones made in India in FY24, electronics export rank up: Eco Survey

"Apple assembled USD 14 billion worth of iPhones in India during FY'24, constituting 14 per cent of its global iPhone production," the Economic Survey said citing third-party data

Apprenticeship framework must provide flexibility in work hours: Eco Survey

Such reform and better compensation will improve employability of vocational students, it says