Page 30 - Economic Survey

Need to promote non-discriminatory practices at workplace for women: Survey

There is a need to promote non-discriminatory practices at the workplace like pay and career progression, improving work incentives and social security benefits for women, said the Economic Survey

NPPA ensured availability of essential drugs during pandemic: Eco Survey

Drug pricing regulator NPPA undertook necessary steps to ensure availability of life saving essential medicines across the country during the COVID-19 pandemic, the Economic Survey said on Friday. Drug prices in India are regulated to ensure continued availability and affordability of essential medicines with improved access to consumers, it added. "National Pharmaceutical Pricing Authority (NPPA)... has played an active role in addressing the exigencies arising out of COVID-19 pandemic and undertook necessary measures to ensure continued availability of life saving essential medicines throughout the country," the survey said. The regulator invoked extraordinary powers in public interest to ensure that policy enhances access to life saving drugs like Heparin as well as medical oxygen, it added. Timely intervention by NPPA eased the situation of medical oxygen availability throughout the country, especially in distant and far-flung areas. The survey said NPPA also ensured availabil

IT-BPM sector saw recovery in revenue growth at 7.9% in FY20: Eco Survey

The Indian IT-BPM sector witnessed a recovery in revenue growth at 7.9 per cent in FY2019-20, primarily driven by a significant boost in domestic revenue, as per the Economic Survey 2020-21

Taxpayer grievance redressal system needs more teeth: Economic Survey

The government should reinvigorate the taxpayer grievance redressal system by giving it more teeth and making it independent of the tax department to help build trust in tax admin, the Survey said

India reaping 'lockdown dividend' by saving lives, livelihood: Eco Survey

India is reaping the "lockdown dividend" from the preventive measures it adopted at the onset of the COVID-19 pandemic indicating its willingness to take short-term pain for long-term gain

Economic Survey tries hard to dispel stigma of overusing fiscal policy

Given the government's cautious fiscal response to the pandemic so far, it seems unlikely that it will drop the ball on consolidation in the upcoming Budget

India only emerging market to get equity FPI inflows in 2020: Eco Survey

The country attracted $30 billion in the first nine months of the year

India emerges as leading country for flexi-staffing: Eco Survey

India has emerged as one of the largest countries for flexi-staffing or gig and platform workers, the survey said

GDP growth leads to debt sustainability, says Economic Survey

Economic Survey made a case for an optimal fiscal stance

Vaccination drive to help revive contact intensive services sector

With the ongoing vaccination drive, the contact intensive services sectors are expected to witness revival, the Economic Survey said on Friday. Hit hard by the pandemic, the overall services sector has witnessed a contraction of almost 16 per cent in the first half of 2020-21 on year-on-year basis. In this, the contact intensive services sector was severely impacted, particularly sub-sectors such as tourism, aviation, and hospitality, the document noted. "This decline was led by a sharp contraction in all sub-sectors particularly 'trade, hotels, transport, communication & services related to broadcasting', which contracted by 31.5 per cent in H1 FY 2020-21," said the survey. As per the first advance estimates, Gross Value Added (GVA) of the services sector is estimated to contract by 8.8 per cent in 2020-21, whereas it grew by 5.5 per cent in 2019-20. "Sub-sectors as 'trade, hotels, transport, communication & broadcasting services', 'financial, real estate & professional ..

Eco Survey reaffirms worst behind; but govt support needed: Industry

The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery, India Inc said

India likely to post current account surplus after 17 years: Survey

India is likely to post a current account surplus after a gap of 17 years, the survey said

Calibrated response to Covid leaves room for more fiscal measures: Survey

Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 trillion, which is 15 per cent of national GDP, the Survey said

Sales of affordable homes improving amid recovery in real estate: Survey

The Covid-19 pandemic affected the residential property market during the April-June period last year

Firms garner Rs 92K cr via public equity issuance in Apr-Dec: Eco Survey

A 46 per cent jump from the preceding financial year, with rights issue remaining the most preferred route for financing business needs

Shift focus from consumer price-based inflation to core inflation: Survey

The economic survey forms a basis for the Union Budget

To avoid zombie lending, banks need fully empowered boards: Eco Survey

The survey has put the blame of the current banking crisis on the zombie lending following the Global Financial Crisis in 2008

India's coronavirus response saved over 100,000 lives: Eco Survey

The response restricted the Covid-19 spread by 3.7 million cases, the survey said

IBC redefines debtor-creditor relationship, says Economic Survey

IBC has ushered in significant behavioural changes, the survey said

Investment in infra essential to growth boost, says Economic Survey 2020-21

The Survey emphasised that the year after the crisis will require sustained and calibrated measures to facilitate the process of economic recovery