Economic

  • MH17 crash overshadows G20 trade summit July 19, 2014

    Sydney: Trade ministers from the world's leading economies met in Sydney on Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines flight MH17 threatening to overshadow the summit. G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebel-held...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • India @ 9 with Anubha Bhonsle July 9, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Bihar best performing state in terms of growth rate: Survey July 9, 2014

    Bihar is the best performing state in terms of gross state domestic product (GSDP) and per capita income growth, the Economic Survey for 2013-14 has said. Presenting the Survey in parliament, finance minister Arun Jaitley said a few states, including Madhya Pradesh, Gujarat and Kerala, have also performed well above the...
  • Chidamabaram appreciates restrained language of Economic Survey July 9, 2014

    New Delhi: Former Finance Minister P Chidambaram on Wednesday appreciated the restrained language of the pre-Budget Economic Survey but expressed disappointment over it envisaging a five year period to put in place reforms. Reacting to the Survey tabled in Parliament on Wednesday, he said that he was glad that it...
  • High expectations of industry, middle class from Jaitley's maiden Budget July 9, 2014

    New Delhi: Amid high expectations from the middle class and industry, Finance Minister Arun Jaitley will present his maiden budget on Thursday that may contain tax sops for the salaried, dumping of the controversial retrospective tax and spelling out steps to revive investment and manufacturing for growth. There are high hopes...
  • Government approves expansion of highways in five states July 9, 2014

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved four- and six-laning of highways covering over 676 kilometres in Uttar Pradesh, Rajasthan, Delhi, Kerala and Andhra Pradesh at a total cost of about Rs 13,987 crore. "The CCEA today approved development of four-laning of the Kazahakkottum-Mukkola section of...
  • News 360: Economic Survey 2014 says FY15 GDP growth seen at 5.4-5.9 pc July 9, 2014

    India will probably unveil bold reforms in its Budget on Thursday in a bid to turn around an economy growing at decade lows, but major changes to taxes will be absent, a survey showed. ...
  • Economic Survey suggests economy was robust in UPA regime: Congress July 9, 2014

    New Delhi: On the eve of the Union Budget, Congress on Wednesday latched on to the Economic Survey in seeking to puncture government claims that it has inherited 'empty coffers' and a bad economy. Party spokesman Abhishek Singhvi quoted profusely from the highlights of the Survey presented to Parliament on Wednesday,...
  • High tariff needed to make bullet trains viable: Economic survey July 9, 2014

    New Delhi: High tariff and large passenger volumes are required to justify investment in high-speed train projects as these are highly capital intensive in nature, the Economic Survey (ES) has said. Railways has in consultation with state governments selected seven corridors for carrying out pre-feasibility studies for the introduction of high-speed,...
  • Fiscal deficit for 2014-15 projected at 4.5 per cent of GDP: Arun Jaitley July 9, 2014

    New Delhi: Finance Minister Arun Jaitley on Wednesday presented the Economic Survey 2014-15 in the Lok Sabha and pointed towards the worsening Fiscal situation. He said that the fiscal deficit for 2014-15 year is projected at 4.5 per cent of Gross Domestic Product (GDP). He assured that the government will...
  • Economic Survey highlights the 'mess' we inherited: Piyush Goyal July 9, 2014

    New Delhi: Blaming the UPA-led government for the poor state of economy, Power Minister Piyush Goyal on Wednesday said the new government has inherited 'mess' from the previous UPA-led regime. "A robust economy with euphoric investor sentiment that NDA left in 2004, has been brought down to a faltering economy with...
  • Economic Survey urges strong steps to contain fiscal deficit July 9, 2014

    New Delhi: Fiscal situation is worse than it appears, Prime Minister Narendra Modi's government said in an economic report on Wednesday that called for tough measures to shore up public finances and reduce inflation. The report's tone will increase speculation that Finance Minister Arun Jaitley, in presenting his first Budget to...
  • Urgent need to revamp Mahatma Gandhi NREGA: Economic Survey July 9, 2014

    New Delhi: Calling for an urgent revamp of previous UPA government's flagship job guarantee programme, Mahatma Gandhi NREGA, the Economic Survey on Wednesday said it needs to be made more development oriented and prevent its misuse. The survey also said there is a need for revamp or reorganisation of some of...
  • Economic Survey presents realistic macro-economic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 2013-14 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...
  • Bad taxes like cess, surcharge need to go: Economic Survey July 9, 2014

    New Delhi: The complex taxation system needs a revamp through new laws, GST and DTC, as "bad taxes" like surcharges, cess and dividend distribution levy need to "eventually go" so as to boost investments as well as GDP growth, Economic Survey said on Wednesday. Tabled in Parliament a day before the...
  • India's working-age population to rise to 64 per cent by 2021: Survey July 9, 2014

    New Delhi: The proportion of working-age population in India is likely to increase from around 58 per cent in 2001 to more than 64 per cent by 2021, with a large number of young persons in the 20-35 age group, according to the pre-Budget Economic Survey 2013-14. India with a large...
  • Agricultural exports up 5.1% to US dollar 37.29 billion in 2013-14: Survey July 9, 2014

    New Delhi: Agricultural exports, including marine, increased by 5.1 per cent to US dollar 37.29 billion in 2013-14, on account of jump in exports of rice. Exports of agriculture and allied products in 2011-12 accounted for 9.08 per cent of India's total exports as against 6.9 per cent in 2010-11, says...
  • Investors pump in Rs 54,000 crore in mutual fund schemes in FY14 July 9, 2014

    New Delhi: Investors pumped in nearly Rs 54,000 crore in various mutual fund schemes in 2013-14, 23 per cent lower than the amount infused by them in the preceding fiscal, the Economic Survey on Wednesday said. "During 2013-14, mutual funds mobilised Rs 53,782 crore from the markets as compared to Rs...
  • India needs to unleash labour reforms to create jobs July 9, 2014

    New Delhi: India needs to unleash second generation labour reforms and capitalise on demographic advantage for creating new firms and jobs, a government document said on Wednesday. "It is imperative to use India's unique demographic moment wisely and unleash the second generation reforms," the Economic Survey for 2013-14 stated. The suggestion assumes...
  • Growth forecast for next fiscal between 5.4 to 5.9 per cent July 9, 2014

    Indian economy is likely to grow in the range of 5.4 to 5.9 per cent in 2014-15 overcoming the sub-5 per cent growth of Gross Domestic Product (GDP) witnessed over the last two years. The growth slowdown in the last two years was broad based, affecting in particular the industry...
  • Economic Survey 2013-14: Poverty ratio declines to 21.9 per cent July 9, 2014

    The Economic Survey 2013-14 presented by the Finance Minister Arun Jaitley has asked policy makers to design and execute development strategies targeting the young population that was approximately 58 per cent in 2001 and will increase to more than 64 per cent in 2021. The government has to take timely...
  • Highlights of Economic Survey 2013-14 presented by Arun Jaitley July 9, 2014

    Finance Minister Arun Jaitley presented the Economic Survey 2013-14 in Parliament on Wednesday which reveals that while the economy has shown an improvement but it is still not out of the woods. Even as Gross Domestic Product (GDP) growth is expected to be well below the six per cent mark, inflation...
  • Jaitley presents Economic Survey, GDP growth below 6 pc, inflation down July 9, 2014

    New Delhi: India's grim economic situation was reflected in the Economic Survey 2013-14, presented in the Lok Sabha on Wednesday by the Union Finance Minister Arun Jaitley. While the Economic Survey noted that fiscal deficit for 2013-14 has been contained at 4.5 per cent of the Gross Domestic Product (GDP)...
  • Live: FM Arun Jaitley tables Economic Survey in Parliament July 9, 2014

    Finance Minister Arun Jaitley has tabled the Economic Survey 2013-2014 in Parliament on Wednesday. The Survey gives a broad idea on the macro economic data of the country which will impact Budget decisions. ...
  • Ahead of Budget, Finance Minister Arun Jaitley to table Economic Survey today July 9, 2014

    New Delhi: Just a day to go for the Narendra Modi government's maiden Union Budget, Finance Minister Arun Jaitley will table the Economic Survey 2013-2014 in Parliament on Wednesday. The Survey gives a broad idea on the macro economic data of the country which will impact Budget decisions. Sources say...
  • Reforms to boost economic growth, says government July 8, 2014

    New Delhi: India's economic growth rate, which has dropped to sub five per cent level, is expected to gain momentum on the back of reforms, the government said on Tuesday. "After stabilising at a low level of around 5 per cent, growth in the Indian economy is expected to pick up...
  • June factory activity grows at fastest pace since February July 1, 2014

    New Delhi: Indian factory activity expanded in June at its quickest pace since February while output prices rose at the fastest rate in eight months, signalling a further rise in inflation that is bound to vex the Reserve Bank of India (RBI), a business survey showed on Tuesday. The HSBC Manufacturing...
  • Japan industrial output rises, signals economic recovery June 30, 2014

    Tokyo: Japan's factory output rose in May after companies cut production in April to offset the impact of a national sales tax hike, underscoring views the economy will absorb the increase largely unscathed. The 0.5 per cent month-on-month rise compared with the median estimate of a 0.9 per cent increase in...
  • Ukraine, EU sign historic trade and economic pact June 27, 2014

    Brussels: Ukraine's new president signed a trade and economic pact with the European Union on Friday, pushing his troubled country closer into a European orbit and angering Russia, which warned of unspecified consequences. A beaming Petro Poroshenko called it "maybe the most important day for my country" since independence from the...