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Tag: Economic Survey

14 Results

  • Economic Survey 2017-18: 7.5 pc growth predicted  with caution on high oil prices

    Economic Survey 2017-18: 7.5 pc growth predicted with caution on high oil prices

    After 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...

    January 30, 2018
  • Economic Survey 2017-18: ‘Don’t renegotiate PPAs with renewable energy providers’

    Economic Survey 2017-18: ‘Don’t renegotiate PPAs with renewable energy providers’

    Economic 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...

    January 30, 2018
  • CEA voices oil price concern

    CEA voices oil price concern

    The 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...

    January 30, 2018
  • Fetish for male child widens gender gap

    Fetish for male child widens gender gap

    For 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...

    January 30, 2018
  • Realty, construction to generate 15 million jobs in five years: Economic survey

    Realty, construction to generate 15 million jobs in five years: Economic survey

    The 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...

    January 29, 2018
  • Sensex up 320 pts on Economic Survey growth projections

    Sensex up 320 pts on Economic Survey growth projections

    The 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...

    January 29, 2018
  • GST data reveals 50 pc increase in number of Indirect Taxpayers

    GST data reveals 50 pc increase in number of Indirect Taxpayers

    A 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...

    January 29, 2018
  • Economic Survey 2017-18: India’s GDP growth to be 7-7.5 pc in 2018-19

    Economic Survey 2017-18: India’s GDP growth to be 7-7.5 pc in 2018-19

    The 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...

    January 29, 2018
  • Union Budget on 1 February, session to begin on 29 Jan

    Union Budget on 1 February, session to begin on 29 Jan

    Parliamentary 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...

    January 5, 2018
  • GST rate of 3% on gold too low: Economic Survey

    GST rate of 3% on gold too low: Economic Survey

    The Goods and Services Tax (GST) rate of 3 per cent on gold was low and needs to be increased as it is consumed by the “very rich”, feels Chief Economic Advisor Arvind Subramanian, the author of the Economic Survey. According to the Economic Survey Volume II 2016-17, tabled in Parliament on Friday, “The tax...

    August 12, 2017
  • Delhi tax collection growth rate nears 21%

    Delhi tax collection growth rate nears 21%

    The tax collection in Delhi has grown at a rate of 20.84 per cent (estimate) in the current year, but its revenue surplus has come down, as per the latest Economic Survey of the national capital released on Tuesday. The city collected Rs 30,225.16 crores in taxes during 2016-17, it said. The corresponding figure in...

    March 7, 2017
  • Jaitley urges Centre-states consensus on UBI

    Jaitley urges Centre-states consensus on UBI

    Union Finance Minister Arun Jaitley on Monday said that the idea of universal basic income mooted by the Economic Survey was food for thought and added that the Centre and states need to develop a consensus on it. "It (universal basic income) is a thought for the future. Need a consensus between Centre and states,"...

    February 6, 2017
  • Economic Survey reflects ‘sorry state’ of Indian economy: Congress

    Economic Survey reflects ‘sorry state’ of Indian economy: Congress

    The Congress on Tuesday said the Economic Survey reflects the "sorry state" of Indian economy and the government is unable to find short or long-term solutions to the problems faced by it. "Indian economy is in doldrums and a downwards trajectory on account of massive mismanagement and misdirected experimentation of Modi government," Congress chief spokesperson...

    January 31, 2017
  • Modi pegs GDP growth at 6.75%-7.5% in FY18: Economic Survey

    Modi pegs GDP growth at 6.75%-7.5% in FY18: Economic Survey

    India's economy is set to expand at least 6.75 per cent this year, still making it among the fastest growing nations globally, even though the recent demonetization poses a risk to total output, the Economic Survey said on Tuesday. The document, tabled in parliament, is a precursor to the Union Budget and details the economic achievements...

    January 31, 2017