Page 340 - Economy & Policy News

Telecom technology needs capital, govt to allocate 5% of USOF for R&D

At present, the government has a corpus of around Rs 80,000 crore collected under USOF which has now been renamed as Digital Bharat Nidhi

Increased education budget led to rise in enrolment rates: Economic Survey

The survey states a rise in enrolment in higher education has been witnessed between FY15 and FY22, driven by underprivileged sections such as SC, ST, and OBC

Primary mkt was robust amidst favourable investment climate: Eco Survey

Debt issuances dominated fundraising in the last fiscal year, constituting 78.8 per cent of the total funds raised

Remove food from inflation-targeting framework, explore options: Eco Survey

India introduced the inflation-targeting framework in 2016 under which the Reserve Bank of India (RBI) is mandated to keep retail inflation at 4 per cent, with a margin of 2 per cent on either side

Healthcare has become more affordable and accessible: Eco Survey

As such, out-of-pocket expenditure (OOPE) as a percentage of THE has come down from 64.2 per cent in FY14 to 47.1 per cent in FY20

Green steel to play key role in for low carbon economy: Economic Survey

The concept of green steel promotes the production of steel using green energy sources and minimizing the usage of fossil fuels

India's foreign exchange reserves jump about $10 bn on JPMorgan bond move

Foreign investors have poured money into India's markets this year as they look for alternatives to Chinese equities and after JPMorgan announced the inclusion of India's bonds into its key index

Eco Survey on cap goods: Potential expansions in industrial capacities seen

The report also anticipated the UAE could become a hub for sourcing India's capital goods and intermediates for further value-added exports to other African and European destinations

Employment generation is 'real bottom line' for private sector: Eco Survey

The Economic Survey notes that businesses have an obligation to themselves to strike the right balance between deployment of capital and deployment of labour

Remittances to India may grow 3.7% in 2024 to $124 bn: Economic Survey

India's efforts to link its Unified Payments Interface (UPI) with source countries such as the United Arab Emirates and Singapore are expected to reduce costs and speed up remittances, the survey says

Economic Survey calls upon India Inc to step up hiring, compensation

"It is worth reiterating that job creation happens mainly in the private sector," the survey released on Monday said

Indian GCCs employed more than 16 lakh people in FY23: Economic Survey

The software, internet, and banking, financial services, and insurance (BFSI) sectors collectively accounted for about 58 per cent of India's IT GCC talent, according to the document

Increased FDI inflows from China can help India push exports: Eco Survey

It added that India faces two choices to benefit from 'China plus one' strategy and that is either to integrate into China's supply chain or promote FDI from China

MGNREGA work demand 'not linked' to rural distress: Economic Survey

Data does not show that states with more poverty and higher unemployment rates use more of the scheme's funds, it says

Unique tax payers trading on NSE more than tripled since pandemic

Numbers are 40 per cent lower than the number of overall investor accounts

Union Budget 2024: Here's what the Economic Survey says about key sectors

The Economic Survey revealed an overall positive report and outlook of key sectors, noting that the uncertain global climate may hamper economic growth going ahead

India has decoupled economic growth from greenhouse gas emissions: Survey

India has successfully reduced the emission intensity of its GDP, the Survey said

Eco survey flags concerns over rising retail participation in heated market

Mcap-to-GDP ratio not necessarily a sign of economic advancement or sophistication, says survey

India's green H2 push facing demand and supply side constraints: Eco Survey

Says diversification of energy sources needed but thermal power to play significant role

Banking's dominance in credit diminishing in country: Economic Survey FY24

Capital markets' rise in role a 'welcome development' but comes with its challenges, says survey