Page 250 - Economy
Chhattisgarh CM hails Union Budget as 'historic for middle class, farmers'
Sai said revolutionary decisions have been taken in the health sector too, including setting up 200 day care cancer centres across the country and exempting 36 life-saving drugs from tax
 "Chhattisgarh CM hails Union Budget as 'historic for middle class, farmers'")
Govt projects dividend income of Rs 2.56 trn from RBI, PSBs in FY26
In current financial year, receipts from dividend/surplus of RBI, nationalised banks and financial institutions are estimated at Rs 2.34 trillion, about Rs 1,410 crore higher than previous estimates
 "Govt projects dividend income of Rs 2.56 trn from RBI, PSBs in FY26")
Budget: Law min gets Rs 14k cr for carry forward spending on LS polls, EVMs
The legislative department in the law ministry is the nodal agency for the Election Commission (EC), polls, electoral laws and appointment of members to the poll panel
 "Budget: Law min gets Rs 14k cr for carry forward spending on LS polls, EVMs")
Budget 2025: Centre boosts Tribal ministry funding by 45%, focus on infra
Under PMAAGY, funds are provided to states and union territories with Scheduled Tribe (ST) populations to improve education, healthcare, agriculture, skill development and employment opportunities
 "Budget 2025: Centre boosts Tribal ministry funding by 45%, focus on infra")
Union Budget will help accelerate Bihar's growth, says Nitish Kumar
Kumar, whose JD(U) is a key constituent of the ruling BJP-led NDA at the Centre, also profusely thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman
 "Union Budget will help accelerate Bihar's growth, says Nitish Kumar")
Rahul Gandhi criticises Union Budget as 'band-aid for bullet wounds'
The Congress earlier criticised the Union Budget as bereft of cure to "illnesses" of stagnant real wages, lack of buoyancy in mass consumption, sluggish rates of private investment
 "Rahul Gandhi criticises Union Budget as 'band-aid for bullet wounds'")
Budget 2025: Civil aviation gets Rs 2,400 cr, UDAN funds cut to Rs 540 cr
In the next fiscal, Air India Asset Holding Ltd will get a slightly higher allocation of Rs 1,025.51 crore compared to Rs 1,017.67 crore in the current financial year
 "Budget 2025: Civil aviation gets Rs 2,400 cr, UDAN funds cut to Rs 540 cr")
'Tax cuts to boost consumption', say top executives across sectors
The government's plan is estimated to help around 25-30 million personal tax payers save about 100,000 rupees annually, according to Kamal Bali, managing director of Volvo Group India
 "'Tax cuts to boost consumption', say top executives across sectors")
Economic Survey: 8% growth needed to reach 'Viksit Bharat' goal by 2047
Investment, jobs, and deregulation vital for India's development
 "Economic Survey: 8% growth needed to reach 'Viksit Bharat' goal by 2047")
OOPE declines, school enrolments rise as social expenditure surges: Survey
Economic survey says India could attain WHO doctor availability norms of 1:1000 by 2030
 "OOPE declines, school enrolments rise as social expenditure surges: Survey")
India's January Russian crude oil purchases surge despite sanctions
Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier
 "India's January Russian crude oil purchases surge despite sanctions")
Skilled labour, simplification of regulations to propel services: Survey
According to the Economic Survey 2024-25, its share in total GVA at current prices has risen from 50.6 per cent in FY14 to around 55 per cent in FY25
 "Skilled labour, simplification of regulations to propel services: Survey")
Globalisation may be a thing of the past, says CEA V Anantha Nageswaran
Addressing a press conference on the Economic Survey 2024-25, Nageswaran told reporters, "Regulations disproportionately affect small businesses
 "Globalisation may be a thing of the past, says CEA V Anantha Nageswaran")
Key infra sectors' growth slows to 4% in Dec 2024, shows govt data
On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024
 "Key infra sectors' growth slows to 4% in Dec 2024, shows govt data")
Economic Survey: PPPs in infra projects need 'wholehearted acceptance'
EcoSurvey says PPP contract management and execution capacities need substantial improvement
 "Economic Survey: PPPs in infra projects need 'wholehearted acceptance'")
Economic Survey: Balance climate action with fossil fuel investments
India's climate goals: More adaptation, less Chinese dependence
 "Economic Survey: Balance climate action with fossil fuel investments")
Profitability vs hiring in India Inc needs a relook, says CEA Nageswaran
He spoke about investments from China, India's potential to develop cost-effective artificial intelligence solutions, and the role of India Inc in driving demand
 "Profitability vs hiring in India Inc needs a relook, says CEA Nageswaran")
Economic Survey: A 'virtuous cycle of job creation' via labour reforms
The survey presented a comparative study on restrictions on overtime for factory workers in India and other countries
 "Economic Survey: A 'virtuous cycle of job creation' via labour reforms")
Economic Survey: Independent agency mooted to assess financial regulations
May be tasked with providing an impartial, objective assessment of regulatory processes and outcomes
 "Economic Survey: Independent agency mooted to assess financial regulations")
From avocados to autos, US tariffs on Canada, Mexico could drive inflation
Trump's tariffs threaten to blow up the trade agreement he himself negotiated with America's neighbours in his first term
 "From avocados to autos, US tariffs on Canada, Mexico could drive inflation")