Calling for reworking power tariffs in a progressive manner, the Economic Survey 2015-16 has said that burden of power costs for the poor can be reduced in a manner that does not burden the relatively well-off.
Budget 2016: This may not be good news for many, but the Economic Survey for 2016 tabled in Parliament today has rightly pitched for cutting the subsidies being cornered by the well-off people in the country.
The last budget was presented by Finance Minister Arun Jaitley on February 28, 2015. Since then, the 30-share index BSE Sensex slid 5,951 points to 23,410.18 on Feb 23 from 29,361.50 on Feb 28 last year.
The Economic Survey 2015-16 which was tabled by Finance Minister Arun Jaitley on Friday stated that per capita income of the country jumped 7.3 per cent to Rs 93,231 in 2015-16 from Rs 86,879 in 2014-15.
Economic Survey for 2015-16: . The survey has termed external environment as challenging but projected a 7-7.5 per cent GDP growth rate in the next fiscal which could accelerate to eight per cent in a couple of years.