Page 6 of Budget Session

The GDP growth and inflation indicated in the Economic Survey would suggest a nominal GDP growth north of 12-13 per cent.

Union Budget 2022: Rise in capex bodes well for economic activity, job creation, says Sundaram Finance

The support to MSMEs through an extension of the ECLGS till March 2023 would help recover from the fallout of…

February 1, 2022 18:38 IST

The budget for central sector schemes was allocated Rs 969.50 in 2022-23, a drop from Rs 1,395 crore in 2021-22.

Union Budget 2022: Social Justice and Empowerment Ministry allocated Rs 13,134 crore

The National Program for the Welfare of Persons with Disabilities was allocated Rs 635 crore in 2022-23. In 2021-22, an…

February 1, 2022 18:18 IST

Air India was taken over by Tata Group firm Talace Pvt Ltd on January 27. (File/PTI)

Union Budget 2022: Centre allocates Rs 9,259 crore to special purpose vehicle AIAHL

Sitharaman said that towards implementation of the new Public Sector Enterprise policy, the strategic transfer of ownership of Air India…

February 1, 2022 17:51 IST

In the first phase, the scheme was implemented in 200 most backward districts with effect from February 2, 2006.

Union Budget 2022: Centre allocates Rs 73,000 crore to MGNREGA, 25.51% lower than 2021-22 revised estimate

Finance Minister Nirmala Sitharaman had allocated Rs 73,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Programme in last…

February 1, 2022 17:43 IST

The budget allocation for central sector schemes and projects has been increased from Rs 10,566 crore to Rs 15,163 crore.

Union Budget 2022: Health sector allocation up 16%, new programme for mental wellbeing announced

For the National Health Mission, the budget allocation increased from Rs 36576 crore in 2021-22 to Rs 37,000 crore in…

February 1, 2022 17:35 IST

MD & CEO of Indian Bank Shanti Lal Jain called the union budget a growth oriented budget against the backdrop of the pandemic.

Union Budget 2022 seeks to support economic growth momentum, say bankers

The mostly unchanged direct tax regime will give stability to tax environment and showed that the economy is on the…

February 1, 2022 17:31 IST

During the 2016-17 fiscal, the farm credit disbursed stood at Rs 10.65 lakh crore, Verma added.

Union Budget 2022: Govt raises farm credit target to Rs 18 lakh crore for FY23

The government is providing a 2 per cent interest subsidy to ensure farmers get short-term farm loans of up to…

February 1, 2022 17:23 IST

The articulation of the Economic Survey 2021-22 that India’s emphasis on supply-side reforms for recovery rather than a total reliance on demand management is somewhat misplaced.

Expert Speak: Survey chronicles economic health but silent on reforms

The Economic Survey 2021-22, like other economic surveys of the past, provides a good account of economic health of the…

February 1, 2022 06:30 IST

The survey said that inflation in ‘fuel and light’ and ‘transport and communication’ was mostly driven by high international crude oil, petroleum product price.

Fossil fuel has major role in diversified energy mix: Economic Survey

The recent surge in prices of natural gas in Europe amid higher energy demand and slower winds to run wind…

February 1, 2022 06:20 IST

The Survey also cautions the government against ‘knee-jerk’ reactions to price rise of essential commodities like pulses and edible oils.

Boosting farmers’ income: ‘Tweak crop pattern, avoid import policy flip-flops’

The Survey states the shift in cultivation pattern towards pulses would also enable the government to maintain realistic buffer stocks…

February 1, 2022 05:40 IST

CPI moderated to 5.2% in 2021-22 (April-December) from 6.6% in the corresponding period of 2020-21.

Need to be wary about imported inflation, notes Economic Survey

Inflation has reappeared as a global issue in both advanced and emerging economies.

February 1, 2022 05:30 IST

The first wave was largely an urban phenomenon; but the second wave impacted the rural areas as well.

Bharat Blues: An alarming trend in rural wages

Covid-19 has worsened the trend of poor growth in rural farm & non-farm wages seen during FY16-20; meanwhile, the share…

February 1, 2022 05:15 IST

The fact is there is going to be little room for the government to be able to provide a big fiscal impulse.

Govt can’t do the heavy lifting on recovery alone, but the environment for business needs to get easier

It must make the environment friendly so as to enthuse the private sector to invest.

February 1, 2022 05:00 IST

The Survey acknowledges downside risks to the economy in the next fiscal. (Reuters)

‘Taper without tantrum; external headwinds to be overcome’

External trade rebounded strongly after a pandemic-induced slump in FY21 (exports until December jumped almost 40% from the pre-pandemic level).

February 1, 2022 04:45 IST

The survey projected India's real GDP would grow by 8-8.5% in 2022-23 against 9% seen by the IMF in its latest forecast.

Economic Survey 2021-22: FY23 growth at 8-8.5%, supply-side reforms key

As official data reveal per capita income declined sharply in both FY20 and FY21 and elevated inflation is compounding the…

February 1, 2022 04:30 IST

According to the world container index, the freight for 40-feet container shot up from just $1,525 after the pandemic to as much as $9,698 as of January 1.

Supply-side reforms to yield rich post-Covid dividends: Survey

The Survey also advised against knee-jerk reactions to price rise of essential commodities through frequent import duty/tariff revisions to provide…

February 1, 2022 02:30 IST

The demand for MG-NREGS employment has been higher for migrant recipient states like Punjab, Maharashtra, Karnataka and Tamil Nadu for most months in 2021 over 2020.

Demand for MG-NREGS work less in poorer states: Survey

While West Bengal got nearly 14 lakh such workers back, the number was just 72,000 for Tamil Nadu.

February 1, 2022 01:35 IST

The nation-wide lockdown imposed late March, 2020 adversely impacted the urban labour market. (File)

As jobless rate rises, Survey finds solace in EPFO payroll, PLFS

CMIE’s data for December found the unemployment rate was at a four-month high of 7.91%; also at four-month high was…

February 1, 2022 01:30 IST

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