Business

  • Copies of Economic Survey
    Feb 27, 2015 23:52 IST

    Economic Survey hits sweet spot, GDP growth likely over 8% next year

    India has hit a “sweet spot” and is poised to become the world’s fastest growing major economy, the government signalled Friday as its annual report card said GDP growth in 2015-16 would be between 8.1% and 8.5% — a strong uptick from the 7.4% estimated for this year.

  • Budget Gaurav
    Feb 27, 2015 22:48 IST

    GST roll-out necessary to shore up revenue kitty

    Calling the implementation of country-wide goods and services tax (GST) as a “priority” step for generating revenues, the Economic Survey 2014-15 said “a well-designed GST and other tax reforms would also play a crucial role in this regard.”

  • Bombay Stock Exchange
    Feb 27, 2015 22:56 IST

    Infra projects hit by bearish market, low investments

    Unfavourable market conditions and delayed investments in the last few years have resulted in an “alarmingly high rate” of increase in stalled projects, which stood at a staggering Rs 8.8 lakh crore as on December end, the Economic Survey 2014-15 said.

  • TaTa logo
    Feb 27, 2015 23:59 IST

    Tata Motors announces VRS for 16K workers across India

    India’s largest automaker Tata Motors on Friday announced a voluntary retirement scheme for an estimated 16,000 workers across its factories that produce both passenger and commercial vehicles, in a bid to trim its workforce and increase efficiency in operations.

  • rbi
    Feb 27, 2015 23:03 IST

    PSU banks should follow ‘4D’ model: Economic Survey

    The Indian banking industry, which is going through tough times, must follow the “4D model” — deregulation, differentiation, diversification and disinterring, the Economy Survey 2014-15 said.

  • Copies of Economic Survey
    Feb 27, 2015 21:02 IST

    Getting the economy back on track

    Rating agency S&P has more faith in India’s polity than most others; it has forecast India’s GDP to grow by 7.9% in 2016-17. The Economic Survey puts it higher, at 8.5%. For this happy forecast the opposition parties need to adopt singer Pharrell William’s attitude in the song ‘Happy’ and be constructively, instead of obstructively, critical of Government policy.

  • Budget
    Feb 27, 2015 23:14 IST

    Subsidy regime ‘regressive’, direct cash transfer key to low outgo

    Pitching for direct transfer of subsidies, the Economic Survey 2014-15 has said the outgo on food, fuel, power, fertilisers and railways amount to a staggering Rs 3.77 lakh crore in 2014-15, but reach only a few of the targeted poor.

  • Agriculture
    Feb 27, 2015 23:22 IST

    Create additional fiscal space to cushion againstfuture shocks

    India must adhere to medium-term fiscal deficit target of 3% of GDP to provide the additional fiscal space required to ensure macro stability and provide cushion against future downturns, the Economic Survey 2014-15 said.

  • budget, Manufacturing
    Feb 27, 2015 23:29 IST

    Reforms key to manufacturing revival: Economic Survey

    Highlighting the need for an upturn in private sector investments, the Economic Survey 2014-15 stressed the need for sustained reforms in the medium term to arrest the alarming rate of stalled projects and spur a revival in the manufacturing sector.

  • Indian rupee is the official currency of the Republic of India. HT Photo
    Feb 27, 2015 23:36 IST

    Extra funds to states good news for economy

    The recommendations of the 14th Finance Commission, which include directing 42% of the divisible pool of Union taxes to states and providing them with more autonomy in framing policies suited for them, would cement the framework of co-operative federalism in the country, the Economic Survey 2014-15 said.

  • Indian currency notes
    Feb 27, 2015 23:48 IST

    Economic survey: Govt invokes ‘JAM Trinity’ to counter subsidy jam

    The economic survey has hinted at the government’s intention of subsidy overhaul by replacing the present price mechanism with cash transfer into bank accounts, saying it was possible through JAM (Jan Dhan Yojana, Aadhaar, Mobile) Number Trinity.

  • Budget, Education
    Feb 27, 2015 23:51 IST

    Crisis looming? Literacy up, but steep fall in quality of education

    The economic survey says that while the Right to Education Act and Juvenile Justice Act were supposed to bring children into the fold of education rather than employment, the 100 million young people who fall in this category may fall through the cracks.

  • girl child
    Feb 27, 2015 23:56 IST

    Govt’s family planning policy needs review, reorientation

    There is a need to overhaul India’s population policy of setting family planning targets and incentivising female sterilization — both of which could be a hurdle in bolstering the girl child — the economic survey said in a special section, 'Unleashing Naari Shakti.'

  • Clean India, Swachh Bharat campaign
    Feb 28, 2015 00:00 IST

    Health, sanitation crucial for building better working conditions

    The economic survey has advocated greater investment in health and sanitation to achieve the objectives of a fitter and employable workforce, citing schemes such as Swachh Bharat Mission.

  • Subrata Roy
    Feb 28, 2015 00:05 IST

    Sebi cancels Sahara’s fund-manager licence

    The Securities and Exchange Board of India (Sebi) cancelled the fund management licence of Sahara Asset Management Company in a fresh blow to the crisis-hit Sahara Group and its founder Subrata Roy, who is engaged in a long-drawn battle with the market regulator.