Wed, Mar 29, 2023
Borrowers in Goa opted increasingly for private sector banks and small finance firms instead of nationalized and cooperative banks in 2022-23, the state's Economic Survey report said. Overall bank loans during 2022-23 (up to September 2022) stood at Rs 30,769.92 crore against Rs 30,609.13 crore during the same period in 2021-22, as per the report.
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Tue, Jan 31, 2023
The budget session of the Parliament started from today. On its first day, Finance Minister Nirmala Sitharaman presented the report of the Economic Survey. In which India's GDP growth in the financial year 2024 has been estimated to be 6% to 6.8%. Whereas, in the financial year 2023, India's GDP growth has been estimated to be 7%. India's economy showed strength despite the fear of global recession. Watch this special report of Aapki Khabar Aapka Fayda.
Finance Minister NirmalaSitharaman presented the Economic Survey. Current fiscal year: GDP growth estimated at 7%. GDP growth estimated at 6.5% in FY24. Know full details from Tarun Sharma.
Mon, Jan 28, 2019
In this special segment of Zee Business, Anil Singhvi talks about 'Economic Survey'. Watch the video to know more.
Wed, Dec 26, 2018
The economic survey suggested that there was a more efficient way to help the poor and that would be to provide them the resources directly, through a UBI. It is based on a survey on misallocation of resources for the six largest central-sector and centrally sponsored sub-schemes (except PDS and fertilizer subsidy) across districts.
Wed, Jul 18, 2018
The government today said that several complaints have been received regarding supply of defective and damaged goods by online retail companies and in various cases consumers have been advised to file grievances at appropriate forums.
Wed, Feb 28, 2018
In some good news for the public, GDP growth in India came in at 6.3% in September - October 2017 (Q2FY18) quarter - higher compared to 5.7% in July - September 207 (Q1FY18) quarter.
Tue, Feb 13, 2018
Gross NPAs of banks continue to increase by 34.5% in Q3-FY18 on top of 59.3% last year, while NPA ratio touched 9.45% from 8.34% in December 2016.
Thu, Feb 01, 2018
“The government will expand the coverage under Prime Minister Jan Dhan Yojana by bringing all sixty crore basic accounts within its fold,” said the Finance Minister.
Economic Survey 2018 says, “GST promises to be a buoyant source of future revenues.”
Wed, Jan 31, 2018
Based on these estimate, then accordingly the CSO will revise further the GDP and GVA estimate for FY18 as second advance estimate on February 2018.
Tue, Jan 30, 2018
Dr Debroy endorsed the pick-up in growth highlighted in the survey, but was of the view that in 2018-19 the real GDP growth rate is likely to be closer to 7.5 per cent rather than 7 per cent.
Mon, Jan 29, 2018
India’s external sector continued to be resilient and strong in 2017-18, observed the Economic Survey 2017-18 tabled in Parliament today by Union Finance & Corporate Affairs Arun Jaitley. International Developments
The survey pointed out that low level of tax collections by the local governments in rural areas is posing challenge in reconciling fiscal federalism and accountability.
India's fiscal deficit stands at Rs 6,12,105 crore in just eight months of FY18, overshooting the budgeted estimate (BE) by 112% for the current financial year.
The survey also said that in order to expedite completion of delayed projects, regular meetings are held with project developers, state governments and contractors.
The fiscal deficit target for 2017-18 may see only a slight slippage as the government has done well on disinvestment and non-tax revenue collections, NITI Aayog Vice Chairman Rajiv Kumar said today.
The issue of twin balance-sheet and low private investment due to banks' stressed assets and over-leveraged corporate books hampering the growth prospects.
Chief Economic Advisor (CEA) Arvind Subramanian today expressed hope that at least one or two states will implement the idea of universal basic income (UBI) in the next two years.
India will need about USD 4.5 trillion in the next 25 years for infrastructure development, of which it will be able to garner about USD 3.9 trillion, the Economic Survey said.
For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.
In June last year, the Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
As the way forward, the Economic Survey 2017-18 recommends that though macro-economic growth and efficient markets are essential, it is necessary to equally ensure that the benefits of growth are equitably accessible to all citizens to make growth broad-based.
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