Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
The government on Monday said that matters regarding Chinese intrusion can't be discussed in Parliament as it concerns the security of the country.
A majority of Indians who live in the US and send money home say they are overqualified for their jobs here and find their US workplace to be less stressful
The survey predicts that agricultural growth would contract by 1 per cent this fiscal, but the industry would grow by 8.5 per cent, and services by a smart 9 per cent.
The objective of the survey is to find out employee salary expectations. The results will be out in September 2012 and featured on Rediff.com.
The objective of the survey is to find out employee salary expectations. The results will be out in September 2012 and featured on Rediff.com.
'The finance minister has messed up the economy.'
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
'The numbers are null and void now. Look, we can give out projections now, but we know that a week later those numbers will also be irrelevant. So we need to wait,' a top government official said.
Since March 31, 2022, the PSBs' market cap has risen 43.7 per cent, from Rs. 7.29 trillion to Rs. 10.47 trillion. It's time for the government, the majority owner of public sector banks, to reap the benefit of the rally in bank stocks, recommends Tamal Bandyopadhyay.
Fitch Ratings on Thursday retained India's growth forecast for the current fiscal at 6.3 per cent citing economic resilience despite tighter monetary policy and exports weakness, but upped year-end inflation projection on El Nino threat. The Indian economy grew 7.8 per cent in the April-June quarter of current fiscal on strong services sector activity and robust demand. "The Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, with growth outpacing other countries in the region," Fitch said, while projecting 6.3 per cent growth for current fiscal (April-March), and 6.5 per cent for next fiscal.
Estimates say finances to go 268% more than Plan allocation.
Hong Kong-based Political & Economic Risk Consultancy Ltd said corruption in more than half of the countries covered in a survey was deemed to be worse this year than last year.\n\n\n\n
'When you do some job for a few hours, you are hardly earning enough to survive.'
The business confidence index for Indian companies has bounced back to 156.8 points in the April-June quarter of 2010 after falling to a low of 81.6 during the same period last year.
Housing sales mostly declined during the first and the second wave of the coronavirus pandemic but prices did not fall in most of the cities but rather increased in some cities, according to the Economic Survey 2021-22. The pre-Budget document also highlighted that the housing demand recovered after both the waves on the back of pent up demand, low interest rates on home loans and reduction in stamp duty by some states. The survey has analysed the National Housing Bank's data on change in housing transactions in Q1FY21 (first COVID-19 wave) and Q1FY22 (second COVID-19 wave) over the pre-pandemic levels of Q1FY20. It also looked into change in housing prices index during this period.
Around 58 per cent of developers expect housing prices to increase this year because of rise in input costs, while 32 per cent builders feel it will remain stable, according to a survey. According to the 'Real Estate Developers Sentiment Survey', by Realtors apex body CREDAI, real estate consultant Colliers India and property research firm Liases Foras, 43 per cent of developers expect residential demand to remain stable in 2023, while 31 per cent feel the demand would increase up to 25 per cent. As many as 341 real estate developers from various parts of the country participated in the joint survey conducted during the last two months.
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.
The Survey has expressed concern at rising prices and advised measures to contain inflation while sustaining high growth.
If the Budget is status quo, the market will not fall much and the rewards for going long would be high.
The Union home ministry has cancelled the Foreign Contribution Regulation Act (FCRA) registration of the Centre for Policy Research (CPR) for alleged violation of laws, a move the public think-tank termed "incomprehensible and disproportionate" and vowed to seek legal recourse against.
If the Budget is status quo, the market will not fall much and the rewards for going long would be high.
India's food inflation was the second lowest among all emerging economies in the 2010.
Buoyed by healthy farm output and narrowing current account deficit, India is the seventh most economically confident country in the world, a study by global research firm Ipsos has said.
A majority of employees in the country expect better salary hikes in 2014 compared to previous years, spurred by hopes of brighter economic prospects.
The map above shows the disparity in Monthly Consumer Expenditure as reported by the 68th round of National Sample Survey.
60 per cent of the companies reported improved industry performance at present, compared to the last six months.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
The major focus of this year's Economic Survey was on pushing economic growth, which has been projected by the Central Statistical Organisation at 5 per cent for this fiscal, sharply lower than the original estimate of 7.6 per cent (+/- 0.25 per cent).
"Given the compositional shift in the food basket of a common household and its impact on consumption demand, improved supply response is critical for ensuring price stability in food items," the Economic Survey 2011-12 said.
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent and the Nifty gained 169.5 points or 0.87 per cent.
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.
They expect the region to enter a period of strong recovery and growth as early as the fourth quarter of 2009, according to a global survey of CFOs conducted by American Express. Thirty nine per cent of CFOs in Asia and Australia are expecting economic expansion in their country compared with only 18 per cent of global respondents. On the other hand, 45 per cent are anticipating a contraction compared with 72 per cent of global respondents.
Diesel price should be freed, open market grain purchases should be ended.
'...to address the serious faultlines that had got exposed during the pandemic.' 'If the economy is looking up this year, we could have been allocated an increase of at least 20%.'
Electricity generation during 2011-12 was targetted to increase by 5.4 per cent to 855 billion units.
An upward trend in employment has been continuously observed since July 2009.
IIP-based cumulative industrial output growth during April-December 2010 was 8.6 per cent, on a par with the growth rate of the corresponding months of the previous year, says the Economic Survey 2010-11 which was presented by the Union Finance Minister Pranab Mukherjee in the Parliament on Friday.
The Survey points out that the increased Minimum Support Price along with various other steps taken by the Government have resulted in higher levels of food-grains.
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