Economic Survey

  • Interim Budget: Government plans to boost PSU banks, may provide Rs 11,200 crore 17-02-2014 03:03 PM

    New Delhi: Finance Minister P Chidambaram on Monday proposed to infuse Rs 11,200 crore in public sector banks to enhance their capital in the next financial year. "In 2014-15, I propose to provide Rs 11,200 crore for capital infusion in public sector banks. They have opened 5,207 branches so far,...
  • Budget 2014: Full text of P Chidambaram's speech on vote on account 17-02-2014 01:32 PM

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. In the UPA-II's last budget before the 2014 Lok Sabha elections, Chidambaram said the UPA-I and UPA-II have delivered above the trend. Even as he announced...
  • Government to loan Rs 4.57 lakh crore to bridge fiscal deficit in 2014-15 17-02-2014 01:24 PM

    New Delhi: The government on Monday pegged its net borrowing for 2014-15 at Rs 4.57 lakh crore, Rs 11,580 crore less than the revised estimates of the current fiscal. "The net market borrowing of the Central Government in 2014-15 is estimated to be Rs 4,57,321 crore," as per the interim...
  • Budget 2014: FM cuts excise duty, woos youngsters, taxes unchanged 17-02-2014 01:05 PM

    New Delhi: In an election year, Finance Minister P Chidambaram presented an Interim Budget shorn of rhetoric and stuck to highlighting the Congress-led UPA Government's achievements of the last 10 years. Faced with a massive economic slowdown and staring at prospects of a Congress rout in the Lok Sabha elections,...
  • Budget 2014: Watch P Chidambaram's full speech on vote on account 17-02-2014 12:37 PM

    Finance Minister P Chidambaram on Monday refuted the allegations of policy paralysis saying the UPA-II has brought schemes and has contained the fiscal deficit. Chidambaram also announced excise cuts, leading to cars, mobile phones and two-wheelers getting cheaper even as not sops were announced. ...
  • No policy paralysis, Indian economy better placed today: Chidambaram 17-02-2014 12:36 PM

    New Delhi: Rejecting arguments of "policy paralysis", Finance Minister P Chidambaram on Monday said the economy is more stable than what it was two years ago following several steps taken by the government and that the growth will be higher in the second half of the fiscal. "Thanks to the...
  • Exchange rate has stabilised: Finance Minister 17-02-2014 12:19 PM

    New Delhi: The government on Monday said the Indian currency has fared better than those of other emerging economies and the exchange rate has stabilised. Risks to capital flows were accentuated due to volatile global conditions and the US Federal Reserve's announcement last May of tapering its fiscal stimulus had...
  • Will Telangana protests disrupt Chidambaram's Budget speech? 17-02-2014 10:38 AM

    Telangana protests have been rocking the Parliament ever since the second phase of Winter Session began. It needs to be seen if the Finance Minister's Budget speech would be disrupted over Telangana on Monday. ...
  • Budget 2014: As it happened 17-02-2014 10:19 AM

    New Delhi: 12:07 pm: Towards the end of his speech, Chidambaram says, "140 million moved out of poverty during UPA-I and UPA-II regime and we are legitimately proud of it." 12:05 pm: Excise duty on mobile handset will be 6 pc on CENVAT credit to encourage domestic production. 12:02 pm:...
  • 2014 Budget is Chidambaram's ninth, one short of Morarji Desai's record 17-02-2014 10:05 AM

    New Delhi: This is one annual exercise where Finance Minister P. Chidambaram will be just one behind former prime minister Morarji Desai. One is referring to the national budget, which is called for under Article 112 of the constitution, as an annual financial statement of the government to be laid...
  • State's GDP to grow at 7.05 per cent in 2013-14: Survey 08-02-2014 08:39 AM

    Chhattisgarh is expected to grow at 7.05 per cent in 2013-14 fiscal, the state economic survey tabled in the assembly on Friday said. As per the survey, the state's per capita income is likely to attain the level of Rs 56,990 in 2013-14. Chief Minister Raman Singh, who also hold...
  • Economic Survey: How do experts view it? 26-02-2011 12:23 PM

    The Indian economy is expected to grow at 8.75-9.25 per cent in financial year 2012 according to the Economic Survey for the year 2011-12 announced on Friday. Robust growth and steady fiscal consolidation have been the hallmark of the Indian economy in the year 2010-11 so far. The growth rate...
  • Economic growth robust, inflation a worry 25-02-2011 06:15 PM

    New Delhi: The Indian economy is expected to grow at 8.75-9.25 per cent in financial year 2012 according to the Economic Survey for the year 2011-12 announced on Friday. Robust growth and steady fiscal consolidation have been the hallmark of the Indian economy in the year 2010-11 so far. The...
  • 'Law & order green concerns hit coal output' 25-02-2011 02:58 PM

    New Delhi: The Economic Survey 2010-11 on Friday attributed the lower growth in coal production current year to environmental restrictions and poor law and order situation in Jharkhand and Orissa. "The lower growth in production during the current year is primarily due to environmental restrictions, particularly, application of the comprehensive...
  • Economic Survey calls for 2nd Green Revolution 25-02-2011 02:30 PM

    New Delhi: Observing that Indian agriculture is at a "crossroads", the Economic Survey on Friday called for a Second Green Revolution with newer technological breakthroughs and higher investment in the sector, even while projecting 5.4 per cent farm growth this year. "... The agriculture sector in India is at a...
  • Survey backs FDI opening in multi-brand retail 25-02-2011 02:30 PM

    New Delhi: The Economic Survey on Friday favoured a phased opening of foreign direct investments in multi-brand retail saying it could help address concerns of consumers and farmers, besides bringing technical know-how. Even as the debate over FDI continues, the survey said during 2011-12, projects worth Rs 24,143 crore are...
  • Survey for more reforms, faster green clearance 25-02-2011 02:20 PM

    New Delhi: Streamlining environment clearance for infrastructure projects, early introduction of Good and Service Tax and second Green Revolution are among the over a dozen reforms outlined by Economic Survey 2010-11 for accelerating economic growth. Projecting a nine per cent GDP growth for 2011-12, the Economic Survey, tabled by Finance...
  • Grant more banking licences: Economic Survey 25-02-2011 01:38 PM

    New Delhi: Pitching for industrial houses wanting to set up banks, the Economic Survey on Friday said that they should be given banking licences to promote the goal of financial inclusion. "As regards allowing industrial houses, business houses and NBFCs to promote banks, they may be allowed full banking license...
  • Now, separate norms for life and general insurers 25-02-2011 01:36 PM

    New Delhi: The Economic Survey 2010-11 on Friday said there will be different set of norms for life and non-life insurance companies for coming out with a public float. "It is proposed that the disclosure requirements for life and non-life companies would be separately mandated given the nature of their...
  • Survey for setting up National Forest Land Bank 25-02-2011 01:16 PM

    New Delhi: The Economic Survey on Friday made a case for streamlining land acquisition and environmental clearance policy to encourage development of infrastructure projects and called for setting up of a "National Forest Land Bank" in this regard. Amid increasing problems faced in acquiring forest lands for commercial purposes, the...
  • Economic Survey: India to grow at 9 per cent 25-02-2011 12:12 PM

    New Delhi: The Indian economy is expected to grow at 8.75 to 9.25 per cent in the financial year 2011-12, according to the Economic Survey 2010-11. The Economic Survey 2010-11 was tabled in the Lok Sabha by Finance Minister Pranab Mukherjee on Friday. According to the Economic Survey there is...
  • Can Pranab set the financial house in order? 25-02-2010 11:59 PM

    Prudence demands that India's financial house should be in order. ...