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 29, 2018
With market boom, many firms have taken advantage of reduced cost of capital by issuing more equity publicly and to utilize them for new investment projects.
While the growth of Service Sector as a whole is expected to be at 8.3 per cent in 2017-18, the growth in Services exports was 16.2 per cent in H1 of 2017-18.
The survey pegged estimated gross domestic product growth for 2018-19 at 7-7.5%, compared with a forecast of 6.75% in the current fiscal year
The publication trends reveal that India is gradually improving its performance as measured by the number of publications which is an important metric.
Here are key takeaways from the economic survey of the year gone by.
All eyes on the NDA government as it presents the economic survey ahead of the Union Budget 2018.
It may noted that on February , the government will be presenting the General Budget for India.
Sun, Jan 28, 2018
Lok Sabha Speaker Sumitra Mahajan today sought the cooperation of various parties for the smooth functioning of the budget session of Parliament.
Fri, Aug 11, 2017
Economic Survey revealed that the revenue per user for the telecom industry has fallen since the launch of Jio.
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.
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