Recently, we witnessed the strange spectacle of our largest insurance company asking for the Government’s permission to take over an almost defunct bank. Even more recently, our biggest bank suddenly became extra keen on acquiring the bad debts of Non-Banking Financial Corporations. These counter-intuitive, Government brokered mega financial deals could perhaps best be described by …
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October 19, 2018Odisha Finance Minister Sashi Bhusan Behera presented a Rs 1,20,028 crore budget for 2018-19 in the state Assembly, 12.3 per cent higher than the last budget today with increased allocation to rural areas in terms of housing, water supply, welfare schemes without imposing any new tax. The Finance Minister also presented a separate Agriculture budget …
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March 24, 2018According to the Economic Survey of Delhi 2017-18, the total number of motor vehicles on roads was 103.83 lakh till 31 March 2017, registering a growth of 6.99 per cent over the previous year. It meant that Delhi had 556 motor vehicles per 1,000 people or every second person in the city owned a vehicle. …
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March 21, 2018The growth rate of Himachal Pradesh for the current financial year has been estimated at 6.3 per cent, while the per capita income is estimated at Rs 1,58,462. This is revealed in the Economic Survey report of HP for 2017-18, that was tabled in the state Assembly on Thursday by Chief Minister Jai Ram Thakur. …
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March 8, 2018Congress leader and former Finance Minister P Chidambaram took a fresh dig at the NDA government talking about the Budget 2018 presented by the Finance Minister Arun Jaitley on February 1. In a series of tweets, the member of Rajya Sabha said that the Chief Economic Adviser Arvind Subramanian has been a good doctor since …
February 4, 2018There are 10 issues that need to inform public discourse around the economy and the aam aadmi, especially on the eve of the final full-year budget before Prime Minister Narendra Modi seeks another popular mandate. These are at variance from Arvind Subramanian’s significant 10 presented in the Economic Survey but should be more to the …
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February 1, 2018Sounding a clear note of caution on rising crude oil prices pushing inflation, Chief Economic Advisor (CEA) Arvind Subramanian has toned down his earlier vocal expectation of a rate cut by the Reserve Bank of India (RBI) ahead of the central bank’s final bi-monthly monetary policy review of the fiscal due to be annouced next …
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January 31, 2018The Economic Survey 2017-18, which was tabled in Parliament on Monday, presented a shocking fact regarding the estimate of the number of ‘unwanted’ girls in India. The survey says that the data stands at 21 million when talking about girls whose parents wanted a boy but had a girl instead. The data has been, reportedly, …
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January 30, 2018After touching a low of 5.7 per cent GDP growth, India’s economy is “picking up quite nicely” , the annual Economic Survey 2017-18 tabled in Parliament on Monday said. It predicted that India would clock a growth of 6.75 per cent this fiscal and will rise to 7 to 7.5 per cent in 2018-19, which would be …
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January 30, 2018Economic Survey 2017-18 suggested power distribution companies not to renegotiate old Power Purchase Agreement (PPA) signed at higher rates with Solar and Wind Power Producers, as it may adversely affect the investment in the renewable sector. The recent auctions of solar and wind power procurement at very low rate has “possibly contributed to some demands …
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January 30, 2018The spike in international crude oil price is one of the major concerns raised by chief economic adviser Arvind Subramanian in the Economic Survey 2017-18 that could dampen the growth of the Indian economy. “High oil prices (at current levels) remain a key risk as they would affect inflation, the current account, the fiscal position …
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January 30, 2018For the first time ever, the Economic Survey 2017-18 highlighted that the Indian desire to have a male child has created an estimated 21 million unwanted girls. The Economic Survey released on Monday pointed out that most parents continued to have children until they get the desired number of sons. The Survey gave details of …
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January 30, 2018The real estate and construction sector will create over 15 million jobs over the next five years despite signs of stress in the segment in the last few quarters, the Economic Survey said on Monday. Real estate and construction together is the second largest employment provider in the country, next only to agriculture, according to …
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January 29, 2018The benchmark Sensex maintained its early upward trend and was trading over 320 points higher after the Economic Survey said India is likely to clock 7-7.5 per cent growth in 2018-19, up from 6.75 per cent in the current fiscal. The 30-share barometer, after scaling a new peak of 36,410.60 points in late morning trade …
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January 29, 2018A preliminary analysis of the Goods and Services Tax (GST) data reveals that there has been a 50 per cent increase in the number of indirect taxpayers, according to the Economic Survey 2017-18 presented on Monday in the Parliament by Finance Minister Arun Jaitley. Jaitley informed the House that as on December 2017, there were …
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January 29, 2018The Budget Session began today and the Economic Survey 2017-18 has been tabled in the Lok Sabha by the Finance Minister Arun Jaitley. According to the presented Economic Survey, a series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 …
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January 29, 2018Parliamentary Affairs Minister Ananth Kumar said on Friday that the Budget session of Parliament will commence from January 29 and the Union Budget will be presented on February 1. While addressing the press, Ananth Kumar said, President Ram Nath Kovind will address the joint sitting of the two Houses on January 29 and the Economic …
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January 5, 2018