Economic Survey indicates an increase in spending by households on these, compared to necessities
The data from the NSO shows the share of food and beverages has reduced from 33.2 per cent of private consumption in 2011-12 to 30 per cent in 2017-18 - a reduction of over three percentage points
It warned that if the impact of the stress in the NBFC sector spilled over this year, it might lead to lower credit offtake from NBFCs
This savings behaviour also gives a key degree of freedom to policymakers as the savers and the borrowers can be disentangled
This time, however, investors can expect a relative calm if the volatility gauge is anything to go by
It also suggested a re-look at capital gains tax, levied on profits from the sale of shares in unlisted companies
The investment cycle can be kick-started by public spending, which can crowd-in private spending
The Survey establishes the primary role of savings in driving growth and calls for pushing up savings rates in order to enable an investment cycle funded from domestic resources
The interim Budget presented in February 2019 did not disappoint rail-related companies. Railways saw an allocation of Rs 64,587 crore and capital expenditure outlay of Rs 1.58 trillion for FY20
The Survey explicitly addresses the issue of a high investment rate substituting labour
Supports Code on Wages Bill, approved by Cabinet on Wednesday, to rationalise minimum wages; calls present system complex, with 1,915 wages for various job categories across states
While large firms create permanent jobs in large numbers, according to the survey, young firms create more jobs at an increasing rate than older firms
The Survey stated that while India had secularly decreased domestic economic policy uncertainty since 2012 and had been exceptional in reducing this uncertainty since 2015
Economic Survey says India must 'shift gears', get into 'virtuous cycle driven by investment'.
Economic Survey explained how the cost of per gigabyte of storage has dropped from Rs 61,050 in 1981 to less than Rs 3.48 today
While 'recognised' start-ups don't have to pay corporate tax for 5-7 years, they still have to pay MAT on book-profits at 18.5%, which is seen as a major cash out-go in early stage enterprises
Chidambaram, who had four stints as finance minister, said the survey didn't have sector-wise growth projections.
Economic Survey says government must plan for pensions and other retirement provisions.
The key suggestions include lowering effective corporate tax rate, bringing down cost of capital and simplifying regulatory and tax framework for foreign investment funds
All that happened in markets today.