Sat, Feb 01, 2020
The survey also suggested a strategy that was also followed by China to grab the opportunity. From specialisation at large scale in labour-intensive sectors to trade policies, the survey drafted a formula for growth and job creation in the country.
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Fri, Jan 31, 2020
The Economic Survey on Friday projected revival of economic growth to 6-6.5 per cent in the next fiscal beginning April 1 but suggested the government to relax the budget deficit target to boost growth from a decade low. The Survey, released a day before Finance Minister Nirmala Sitharaman presen
"By integrating `Assemble in India for the world` into Make in India, India can create 4 crore well-paid jobs by 2025 and 8 crore by 2030. Exports of network products, which is expected to equal $7 trillion worldwide in 2025, can contribute a quarter of the increase in value-added for the $5 trillion economy by 2025," reads the opening statement.
Fri, Aug 11, 2017
The Survey, however, cautioned that farm loan waivers, non-cereal food inflation continue to reign anxiety on the Indian economy. It said that these concerns are weighing heavy on the economy and keeping it away from its potential. It said, "Farm loan waivers could reduce aggregate demand by as much as 0.7% of GDP, imparting a significant deflationary shock to an economy."
The economic survey is presented by the Chief Economic Adviser, in this case, Arvind Subramanian.
Fri, May 12, 2017
“The increased powers given to the Reserve Bank of India (RBI) to clean up asset quality, and to intervene in banks at an earlier stage when risks build, represents an important positive step toward ensuring a healthy banking system in the future,” Fitch said.
Thu, May 11, 2017
As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India in their problem as well.
Wed, May 03, 2017
Bad loans are one of the reasons why banks are currently suffering through higher provisions, deterioration in asset quality, higher slippages and thus lower earnings.
Fri, Feb 17, 2017
Aditya Puri, Managing Director and Chief Executive of the second largest private lender HDFC Bank, on Friday backed the idea of setting up a national bad bank, saying anything that can help resolve the perennial bad loans problem is welcome.
Mon, Feb 13, 2017
Consumer Price Index (CPI), or retail inflation, for the month of January stood at 3.17% said Ministry of Statistics and Programme Implementation (MOSPI) on Monday.
Finance Minister Arun Jaitley had presented Economic Survey for 2016-2017 in Parliament on January 31, a day before the Union Budget.
Sun, Feb 12, 2017
Let's hope, by the time he publishes his next Survey, at least in some part of the country, his idea of the UBI gets experimented and therefore we start thinking on steps which overnight, at least where it is experimented, can bring poverty rates down. I think that will help us in reaching the destination 30 years from now," Jaitley said.
Wed, Feb 08, 2017
Acharya added, "There is a need for speedy and efficient resolution of stressed assets as it probably could help in restoring the utilisation capacity in this sector while further creating healthy investment in the system and at the same time would also support banks to again start lending in the same sectors again."
Tue, Feb 07, 2017
Bank of America Merill Lynch expect the Reserve Bank of India to cut rates by 0.25% in the monetary policy meet on February 8, 2017.
Wed, Feb 01, 2017
The Union Budget which will be declared on February 1, a month prior to its usual timeline will present consolidated funds for the centre as well as Indian railways.
Tue, Jan 31, 2017
Ministry of Finance presented Economic Survey ahead of Union Budget, which is scheduled for tomorrow.
The Economic Survey was presented in the House of Parliament on Tuesday spoke of a ‘robust macro-economic stability’ despite the Goods and Service Tax (GST) bill being passed and demonetisation of higher currency.
Finance Minister Arun Jaitley has advocated the concept of Universal Basic Income (UBI) as an alternative to the various social welfare schemes in an effort to reduce poverty. He said this in the Economic Survey tabled in Parliament on January 31, 2017.
Jan Dhan, Aadhaar, Mobile have been in focus for a period of two years now and it was one of the central themes of last year’s economic survey.
Finance Ministry is likely to suggest a Universal Basic Income (UBI) for the poor in the Economic Survey 2016-17 to be tabled in Parliament on Tuesday January 31, 2017 at 1 pm.
The Economic Survey 2015-16 started off by stating, "This year’s Economic Survey comes at a time of unusual volatility in the international economic environment." It termed India as being in a "sweet spot" arising from a combination of a strong political mandate and a favourable external environment.
Mon, Jan 30, 2017
Markets regulator Sebi and stock exchanges have beefed up surveillance and risk management systems to handle eventualities that may arise from excessive volatility in the wake of Budget announcements.
Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.
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