Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 per cent in the next fiscal year. ...
08:03 PM, Feb 28, 2013
When Finance Minister P Chidambaram stands up to present his government's annual Budget on February 28, the biggest quandary he will face is: "What can I say in the next two hours that will boost both the demand for credit and its supply?" ...
06:10 AM, Feb 28, 2013
A massive increase in spending on women's security and empowerment is desperately needed in India's national Budget, women's rights groups said on Wednesday, the eve of the country's most important economic announcement of the year. ...
05:39 AM, Feb 28, 2013
Finance Minister P Chidambaram will present one of the most highly anticipated budgets of recent years on Thursday, a blueprint for austerity that forms the centrepiece of India's efforts to stave off a damaging credit ratings downgrade. ...
04:54 AM, Feb 28, 2013
Finance Minister P Chidambaram is planning to cut the public spending target for fiscal 2013/14 by up to 10 per cent from this year's original target, in what would be the most austere budget unveiled in recent history as he tries to avert a sovereign credit downgrade. ...
04:34 AM, Feb 28, 2013
The Indian economy is likely to grow between 6.1 per cent and 6.7 per cent while the revival is expected to be slow in the near future, according to the Economic Survey tabled by the government in Parliament on Wednesday, a day before Finance Minister P Chidambaram presents Union Budget 2013-14. ...
12:23 PM, Feb 27, 2013
A day before the Budget, Finance Minister P Chidambaram will table the Economic Survey 2013-14 in Parliament on Wednesday. The main focus of the survey is likely to be on accelerating economic growth. The Central Statistical Organisation estimates project a 5 per cent growth this year, which is the lowest in a decade. Prepared by a team of economists, led by Chief Economic Advisor Raghuram Rajan, the Survey is likely...
07:57 AM, Feb 27, 2013
Chennai: Inflation would continue to hover around 7.5 per cent for another two to three months but is expected to soften from mid-October, Chief Economic Adviser Kaushik Basu said today. "My expectation on inflation as per wholesale price index is, for another two-three months, it will be the way it is (now)... around 7.5 per cent...," Basu told in a seminar in Chennai. Noting that India's inflation record was "much,...
01:43 PM, Jul 03, 2012
Due to the government's dire situation, especially when it comes to the fiscal deficit, Chief Economic Advisor Kaushik Basu tells CNBC-TV18 that the mantra this year is going to be fiscal consolidation. "Fiscal consolidation is definitely on the cards because the lack of it will have an adverse effect on prices and economic growth," he said. However, he isn't confident of many reforms going through this year. The author of...
07:27 AM, Mar 16, 2012
The Economic Survey says the the economy will grow by 7-8 per cent in the next fiscal, inflation will moderate. ...
04:40 PM, Mar 15, 2012
The Economic Survey 2011-12 suggests policies to put India on a surer footing for sustained, inclusive growth and all-round development. The survey takes note of the Government fighting malaise of inflation with numerous calibrated steps which constituted a combination of policies to improve supply, especially of food and basic agricultural products and curb fiscal and revenue deficits. Independently, the Reserve Bank of India tightened the monetary policy. While the battle...
03:49 PM, Mar 15, 2012
New Delhi: The Economic Survey has been tabled in Parliament by Finance Minister Pranab Mukherjee on Thursday. Following is the full text of The Economic Survey 2011-12 HIGHLIGHTS OF ECONOMIC SURVEY 2011-12 Following are the highlights of Economic Survey 2011-12: Rate of growth estimated to be 6.9 per cent. Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6 per cent in 2012-13...
02:06 PM, Mar 15, 2012
New Delhi: The Economic Survey has maintained FY12 GDP growth at 6.9 per cent. FY13 growth is expected to come in at 7.6 per cent and FY14 growth is pegged at 8.6 per cent. The survey, however, has projected 6.5-7 per cent inflation rate by March 2013. According to sources, the Economic Survey also recommends fixed subsidy per litre of diesel sold. According to the survey, states' fiscal consolidated was...
12:19 PM, Mar 15, 2012
Mumbai: The BSE Sensex snapped four-day winning streak on Thursday, losing as much as 297 points intraday after the RBI's dovish tone in its monetary policy review and left policy rates unchanged. Even profit booking ahead of big event Union Budget 2012-13 (on Friday) may be another reason for driving the Nifty below 5400 level. The most worried point for the market today is that high expectations from RBI. The...
09:18 AM, Mar 15, 2012
New Delhi: A day before the Union Budget to be presented in Parliament, as is customary, the Finance Ministry will release the Economic Survey outlook, its view on the state of the economy on Thursday. The report is likely to suggest measures to kickstart a double-digit economic growth and present a wishlist for the Indian economy. The economy is expected to hit 6.9 per cent growth for 2011-2012, the slowest...
07:17 AM, Mar 15, 2012
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 has been 8.6 per cent in 2010-11 and is expected to be around 9 per cent in the next fiscal...
12:23 PM, Feb 26, 2011
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 growth rate has been 8.6 per cent in 2010-11 and is expected to be around 9 per cent in the...
06:15 PM, Feb 25, 2011
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 environment pollution index (CEPI), non-availability of forestry clearance against some of the projects," the survey, tabled in the Parliament, said....
02:58 PM, Feb 25, 2011
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 crossroads, with rising demand for food items and relatively slower supply response in many commodities resulting in frequent spikes in...
02:30 PM, Feb 25, 2011
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 expected to be completed adding a capacity of 168.6 lakh square feet. "Permitting FDI in retail in a phased manner...
02:30 PM, Feb 25, 2011
