The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
Government has been able to push through economic reforms, especially allowing foreign investment in multi-brand retail.
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Economy still faces many challenges and 'relatively big' downward pressures such as increasing difficulties for businesses and the emergence of economic risks, the Central Economic Work Conference said.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
She alleged that today, the regime in power is misusing and subverting the institutions of the Constitution, and weakening its foundations of liberty, equality, fraternity and justice.
He said the government has already begun implementing tax reforms.
Overall, as Budgets go, this one certainly scores in a realistic, house-keeping sort of way
Maharashtra Chief Minister Prithviraj Chavan welcomed the joint decision of CII and WEF to hold the summit in Mumbai.
'Why do I have this feeling... why India could not pick their XI in last two years. It's a very strange thing to me that your squad is not settled. Who is your No. 4, where will Virat (Kohli) play 3, 4 or 5?'
It further said India is facilitating external commercial borrowings by startups in order to encourage innovation and promote ease of doing business.
Tax administration could be improved to reduce discretion and improve accountability
Narendra Modi government, the US Treasury Secretary Jacob Lew on Thursday said India needs more reforms
The investment climate is going well in India and the private sector should skill their workforce in the interest of its business, Chief Economic Advisor K V Subramanian said on Thursday asserting that he does not foresee any difficulty in demand and supply of the workforce. Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy. The investment climate is going well in India. Other things will follow, though with a lag...it is for the private sector to start recognising that it is in their own business interest that they should skill their workforce. This, in turn, will raise the average level of skills in India," he said.
'It seems a wiser decision to pull out at the right moment than regret after joining the pact,' explains Dr Rahul Mishra.
