Diesel price needs to be revised upward, or subjected to higher taxes, as misuse of subsidized diesel was adding to pollution and public health costs, the government's pre-budget economic report card said on Thursday.
Diesel price needs to be revised upward, or subjected to higher taxes, as misuse of subsidized diesel was adding to pollution and public health costs, the government's pre-budget economic report card said on Thursday.
The PFRDA is engaged in consolidating the initiatives taken so far regarding the full New Pension System and expanding the reach of distribution network.
India's per capita carbon dioxide emissions will increase by nearly three-fold to 3.5 tonnes by 2030, the Economic Survey 2009-10 said on Thursday.
In the face of sluggish domestic demand and global economic slowdown, Bihar has recorded a staggering growth rate of 11.95 per cent rate annually at constant prices during 11th Five Year Plan, the highest among states.
Method will be part of this year's Economic Survey; will help investors in relative comparison.
Economic growth slipped to a nine-year low of 6.5 per cent last financial year, but India Inc fears further deceleration in the GDP expansion during 2012-13, shows a survey.
This will be the first time since the presentation of independent India's first budget on November 26, 1947, that the documents containing income and expenditure statement of the Union government along with finance bill, detailing new tax and other measures for the new financial year, will not be physically printed.
'Bihar's caste survey has bolstered the Opposition parties, but one shouldn't forget that the BJP is also trying to present itself as a party that cares for the OBCs more than other parties,' points out Sanjay Kumar.
The civil aviation sector is witnessing a number of initiatives
On the contrary, India, along with Pakistan and Egypt, figures near the bottom of a table of nations in a survey that ranks them in terms of prosperity. The three countries are better than only Zimbabwe.
India may have achieved a teledensity of over 65 per cent, but as many as 62,443 villages are still to get a taste of telecom revolution that started since 1995-96, says the Economic Survey 2010-11.
Capital flows into India this fiscal year have been the highest in the country's history.
The pre-Budget annual report card on the state of the economy, which was tabled in Parliament on Friday, said the capital markets performed well in 2010, with a record quantum of funds raised in the primary market and the highest-ever levels being reached in the secondary market also.
Executives in India and China are the most optimistic about sustainability of economic recovery, with six out of ten people reposing their faith on the turnaround in the economy, says a survey.
Finance Minister Arun Jaitley talks to T N Ninan.
The IT sector is confronted with a host of issues.
The IT sector is confronted with a host of issues.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Job seekers can look forward to a prosperous new year as more than 850,000 new jobs are expected across various sectors, including FMCG and healthcare, says a survey.
The FM could have been bolder, but this is still a forward-looking Budget.
Seeking regulatory reforms in higher education, the Economic Survey has suggested that quality foreign players should be allowed in the sector.
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
India's manufacturing sector activity remained broadly flat in June as new orders declined for the first time in over four years and power cuts and fragile economic conditions weighed on the sector's performance, an HSBC survey said.
The government has so far awarded four UMPPs to successful developers. One such project is being developed by Tata Power at Mundra in Gujarat while three others -- Sasan in Madhya Pradesh, Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand have been bagged by Reliance Power.
Public sector companies did not allow themselves to be bogged down by the global slowdown and kept increasing their investments in 2008-09, the Economic Survey said on Thursday.
Mumbai is one of the most expensive cities of the world along with Hong Kong and Singapore.
The government has retained Arvind Subramanian as its chief economic advisor, unlike other American professors Dr Raghuram Rajan and Arvind Panagariya, who quit their jobs as RBI governor and NITI deputy chairman respectively.
The minister said the international experience suggests that the inequalities tend to increase in the early phase of development.
In the Economic Survey, the government had projected that India's GDP growth would be between 8.75 per cent to 9.25 per cent this fiscal.
Finance Minister Nirmala Sitharaman on Monday called on President Ram Nath Kovind before presenting the Union Budget 2021-22. As per established tradition, the Finance Minister met the President at the Rashtrapati Bhawan before heading to Parliament. The Union Cabinet will meet at 10.15 am to clear the Budget.
Citing an opinion poll that says 80 per cent of people surveyed favoured the right to say no to government decision on genetically modified food, an NGO on Friday sought withdrawal of the proposed "flawed" bill aimed at setting up of a biotechnology regulatory authority.
The finance ministry seems to be gung ho about economic growth next financial year. It may peg this at nine per cent for 2011-12 in the Economic Survey, likely to be tabled in Parliament on February 25, even as the Reserve bank of India (RBI) hinted at a lower figure.
The Survey presented by the Union Finance Minister, Shri Pranab Mukherjee in the Parliament on Friday states that the Indian economy remains the second fastest growing in the services growth with 8.9 per cent rate, behind China (10.5 per cent).
If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems.
The 'aura of invincibility' around Prime Minister Narendra Modi has been 'shattered' by the Indian voters who gave the Opposition a new lease on life, this is how the international media described the outcome of India's general elections.
