The southwest monsoon in 2012 might have left Indian shores a couple of months back after having a rather uneven run during the four-month season, but its after-effect in pushing up prices of onion , edible oils , pulses , potatoes and banana is likely to be felt all year long.
The three leading think-tanks-- NCAER, NIFM and NIPFP-- conducting a joint study on the quantum of blackmoney, are likely to submit the report to government by December 2012, Parliament was informed on Thursday.
The business confidence index stood at 145.2 points in July-September quarter of 2011 as compared to 145.3 points reported over April-June period of this year, pointing to a continuation of cautious outlook on the economy in the short term, the latest NCAER-MasterCard Worldwide Index of Business Confidence said.
This is the lowest level of BCI in the last six quarters, the latest NCAER-MasterCard Worldwide Index of Business Confidence said.
The growing economy has spun a wheel of fortune for Indians, with high income households outnumbering those in the low category for the first time at the end of 2009-10, according to estimates made by think-tank NCAER.
Finance Minister Pranab Mukherjee has said that the successful implementation of the Goods and Services Tax (GST) can give a trillion-dollar boost to the economy, taking the total output to $2 trillion in a short span of time.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
NCAER says that in 2009-10, there should have been 3.8 million families with annual income of over Rs 10 lakh, a figure that is more than five times the 715,000 people who report income over Rs 8 lakh.
To propel demand, one should concentrate on indirect taxes and bring down the goods and services tax (GST) rates to a uniform 12 per cent as the Vijay Kelkar panel had recommended, said Ajit Ranade, chief economist at Aditya Birla Group.
The recession in the advanced countries could continue for a while yet.
Inflation raises prices for farm inputs as well as farm products, resulting in uncertain effects on the current net incomes of farmers, the National Council of Applied Economic Research (NCAER) said in its monthly report.
Several speakers noted that Budget carried the weight of expectations.
India Inc's India's Business Confidence Index has gone up by 5.4%.
Despite a stagnant global trend, India's share in global service exports is set to more than double from 2.7 to 6 per cent by 2012, an economic think-tank has said.
The reports by ICRIER on impact of organised retail on neighbourhood stores and NCAER on FDI in multi-brand retail were originally expected to be submitted by February, but were later postponed to April. "We are expecting the two reports to be given to us soon, they (ICRIER and NCAER) have asked for time extension. I think they have asked time till July," Minister of State for Industry Ashwini Kumar told reporters on the sidelines of a CII seminar in.
All those who have argued that the circle of prosperity is widening, and that it now encompasses the smaller towns, semi-urban areas and even villages, have to reckon with the hard reality that the financial surpluses continue to be in the big cities. As places where the leading companies operate, where the best jobs are available and where good support services exist (including educational opportunities and quality medical care), the big cities will continue to score.
Economic think-tank National Council of Applied Economic Research expects India's Gross Domestic Product growth to decelerate to 8.3 per cent during current fiscal
The survey carried out by Max New York Life and the NCAER based on income data has found that India has less poverty than estimated by the government's National Sample Survey.
Posco-India, the Indian subsidiary of South Korean steel major Posco, would play a major role in powering Orissa's economy as per a recent study conducted by the National Council of Applied Economic Research.
He speaking in New Delhi on the occasion of release of a copy of India's Rurural Infrastructure Report prepared by National Council for Applied Economic Research (NCAER).
Continuing its upward march that began in 2001-02, the Business Confidence Index for October-December 2005 touched 151.4 points from 146 in July-September 2005, NCAER said in its report. \n\n
At a pre-Budget meeting, the FM was asked to ensure that NBFCs come out of the liquidity crisis they are facing with the help of RBI. They also spoke about the futility of trying to achieve a 3 per cent fiscal deficit target over the medium term.
Referring to the Rs 42,340 crore new investment plans of automobiles, chemicals, electronics, and pharma sectors, NCAER has said it could increase production capacities.
Economic think-tank NCAER has said that service tax will go up by one per cent per annum in the next four years, following the government's decision to introduce goods and services tax from April 1, 2010.
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
In spite of the buoyant overall business sentiments, Indian corporations, mainly in the services sector, appear to be pessimistic on sales for the next six months and expect pre-tax profits to be flat.
At a time when investors are taking a "wait and watch" approach on fresh investment, Tamil Nadu in the past 10 months has signed 63 MoUs, enabling investment worth Rs 19,083 crore. After Palaniswami took over as chief minister in February 2017, cumulative FDI rose by Rs 46,427 crore from Rs 133 trillion (April 2000 to March 2017) to Rs 180 trillion by June this year. Thanks to the Tamil Nadu Business Facilitation Act, 2018, and the single window for applying and getting clearance for doing business, the ease of business issue has been addressed.
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
The divestment proceeds could surpass the budget target this year due to the upcoming initial public offerings of ONGC and GAIL, though the current bull phase in stock markets did not fuel the primary markets in 2003, NCAER said on Wednesday.
The National Council of Applied Economic Research also says that the fiscal deficit will overshoot budget target to touch 4.7 per cent of GDP in 2004-05.
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