- Feb 27, 2015 23:52 IST
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.
- Feb 27, 2015 22:48 IST
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.”
- Feb 27, 2015 22:56 IST
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.
- Feb 27, 2015 23:59 IST
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.
- Feb 27, 2015 23:03 IST
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.
- Feb 27, 2015 21:02 IST
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.
- Feb 27, 2015 23:14 IST
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.
- Feb 27, 2015 23:22 IST
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.
- Feb 27, 2015 23:29 IST
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.
- Feb 27, 2015 23:36 IST
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.
- Feb 27, 2015 23:48 IST
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.
- Feb 27, 2015 23:51 IST
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.
- Feb 27, 2015 23:56 IST
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.'
- Feb 28, 2015 00:00 IST
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.
- Feb 28, 2015 00:05 IST
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.