PTI | February 1, 2017 6:37 PM
A day after the Economic Survey rang alarm bells on India’s “soon-to-recede demographic dividend”, Finance Minister Arun Jaitley today turned towards the youth seeking to ‘energise’ them through education, skills and jobs, earmarking as much as Rs 6,200 crore under two schemes.
PTI | February 1, 2017 6:03 PM
The government has slashed expenditure on various schemes, including Crop Insurance and Pradhan Mantri Mudra Yojana in the 2017-18 Budget.
FE Bureau | February 1, 2017 6:59 AM
India’s economy could grow at 6.5-6.75% in the current financial year and might not gather significant momentum next year but that doesn’t warrant a fiscal/monetary easing, according to Economic Survey 2016-17 tabled in Parliament on Monday.
FE Bureau | February 1, 2017 6:15 AM
The Economic Survey said that the net outflow of foreign portfolio investments from Indian markets in November and December was part of global phenomenon as FPIs pulled substantial investments out of most emerging market economies owing to the availability of higher returns in advanced economies.
Shubhada Rao | February 1, 2017 6:11 AM
The Survey highlights the need for fiscal policy to balance the short-term requirements of an economy recovering from demonetisation against the medium-term necessity of adhering to fiscal discipline and credibility.
FE Bureau | February 1, 2017 6:06 AM
Prescribing the need for leveraging the Rs 1.5-lakh-crore domestic remittance market to enhance financial inclusion for inter-state migrant workers, a highly accelerated growing phenomena in recent times, the Economic Survey said it will vastly enhance the welfare gains of migration and encourage greater integration of the labour market.
FE Bureau | February 1, 2017 6:01 AM
The entry of Mukesh Ambani-led Reliance Jio Infocomm in the fiercely competitive telecom market has further impacted the capacity of rival mobile operators to meet their interest payment obligations.
FE Bureau | February 1, 2017 6:07 AM
Demonetisation may exert short-term costs like a potential slowdown in growth and inconveniences to people, but it has long-term benefits, including higher digitisation, greater tax compliance and lower realty prices, the Economic Survey says.
FE Bureau | February 1, 2017 5:54 AM
India’s manageable fiscal deficit position may not be long-lived as rising crude oil prices will curb the cushion of hiking excise duty on petroleum products, according to the Economic Survey 2016-17.
Turning away from the usual presentation steeped in forward looking optimism, this year’s Economic Survey presents the narrative based on pragmatism and grassroots realities.
FE Bureau | February 1, 2017 5:49 AM
Economy will recover from the impact of demonetisation in the next fiscal and it could grow between 6.75% and 7.5%
DK Srivastava | February 1, 2017 5:28 AM
The Survey argues in favour of fiscal prudence in spite of the economic slowdown which has caused growth to slide much below its potential level, assessed to be in the range of 8-10%
FE Bureau | February 1, 2017 5:21 AM
Outlook for Consumer Price Index inflation for the whole of 2016-17 is likely to be below the RBI’s target of 5%, stated the Economic Survey.
FE Bureau | February 1, 2017 5:25 AM
The Survey says fiscal activism of advanced economies not relevant for an emerging economy like ours
Aditi Nayar | February 1, 2017 5:05 AM
The Economic Survey is a comprehensive and insightful document that takes weeks to prepare and days to absorb. Nevertheless, my very quick take on the Survey for 2016-17 is as follows.
FE Bureau | February 1, 2017 5:01 AM
A day before the announcement of the annual budget, the finance ministry, in its economic survey for 2016-17, said that private power producers in the country are likely to remain mired in the unfriendly commercial scenario.
FE Bureau | February 1, 2017 4:56 AM
To address the twin balance sheet problem, overleveraged companies and NPA-encumbered public sector banks, finance ministry’s economists on Tuesday floated an idea to redeploy the central bank’s capital, say about Rs 4 lakh crore, as well as the one-off gains from demonetisation to set up a public sector asset reconstruction company and to recapitalise PSBs.
FE Bureau | February 1, 2017 4:52 AM
The Economic Survey 2016-17 indicated that the much talked about issue of universal basic income deserves a careful examination by the country, though it may not be the right time to implement the scheme.
PTI | January 31, 2017 6:45 PM
The windfall gains from the tax amnesty scheme PMGKY post-demonetisation should be deployed in strengthening government’s balance sheet rather than being used for government scheme, the Economic Survey said today.
PTI | January 31, 2017 6:02 PM
Subsidy bill increased by 5 per cent during April-November 2016 due to 21.6 per cent surge in food subsidy, the Economic Survey said today
PTI | January 31, 2017 5:59 PM
Observing that power producers’ revenues are lower than that required to service their debt, the Economic Survey today said “there is scant sign on the horizon that plant load factors and tariffs might improve”.
PTI | January 31, 2017 5:52 PM
Economic Survey today made a case for providing greater choice to workers, particularly for availing benefits under mandatory social security schemes like EPF and ESI.
PTI | January 31, 2017 5:41 PM
Government should take steps to bring down the country’s reliance on fossil fuels below the level of other countries and continue to be a good global citizen on climate change, the Economic Survey said today.
PTI | January 31, 2017 5:37 PM
Despite facing challenging infrastructure deficit in the country aided by resource crunch, debt-laden firms and stressed assets, highways construction and cargo exports registered impressive growth in the first half of FY2017, the Economic Survey said today.
Santosh Tiwari | January 31, 2017 5:29 PM
If Prime Minister Narendra Modi is serious about turning the demonetisation of Rs 500 and Rs 1,000 notes to a fruitful exercise and not just a wild goose chase, he must have given his go ahead for a reduction in the income tax in the Budget to be presented by finance minister Arun Jaitley tomorrow.
IANS | January 31, 2017 4:53 PM
The Rajya Sabha was on Tuesday adjourned for the day after the Economic Survey 2016-17 and other reports were tabled in the house.
PTI | January 31, 2017 6:53 PM
Policy making in certain areas like telecom and banking has been severely constrained due to “abundant caution in bureaucratic decision-making”, the Economic Survey said today.
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