The Economic Survey 2007-08 has some interesting insights for infrastructure aficionados.
If finances are wisely coordinated, it can greatly help in controlling the continuous process of rising prices. To handle your finances during inflation, this is what you should do. . .
The Agricultural Produce Marketing Committee Act of a state regulates the purchase of agricultural products, such as cereals, pulses, fruits and vegetables for that region. It hobbles farmers, imposing multiple levies on produce and disallows direct sales to private companies.
Overall, as Budgets go, this one certainly scores in a realistic, house-keeping sort of way
The NSE Nifty ended at 4,424, up 75 points. The market breadth was marginally positive -- out of 2,686 stocks traded, 1,341 advaned while 1,263 declined.
After two decades of impressive growth, the automobile sector's performance has not been encouraging after 2006-07, but its growth turned modestly positive last fiscal, touching a domestic turnover of Rs 2.19 lakh crore, the Economic Survey said.
High interest rates, lack of credit, high raw material prices and recession in the US and Europe have hurt the country's cotton textile industry, the Economic Survey said.
The average size of IPOs rose by nearly half in 2008 over 2007, though the financial meltdown may have scared away many from the primary capital market, bringing down the number of IPOs to about one-third, the Economic Survey said.
'Growth would have to be 7% in the October-March period, if the year as a whole is to clock 6%.' 'Who would bet on that when, in the world of real numbers, both exports and imports have continued to fall, car sales have continued to slump, and the industrial production index shows yet again a drop in output?', asks T N Ninan.
The General Budget will be presented on July 6 and the Railway Budget will be presented on July 3.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Officials said the oil marketing companies had provided data to the Income Tax department.
Tension mounted in Dhinkia village in the Posco project site near Paradip in Orissa as the survey teams, conducting a socio-economic survey of the project site, came eyeball to eyeball with the villagers of Dhinkia, who vehemently oppose the project.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
Unless the dividend distribution tax is removed, India Inc's ability to finance investments will be severely compromised.
Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth.
Remonetisation exercise will eliminate cash squeeze by April 2017
"Another major policy issue in the trade sector which created a lot of heat was that of SEZs... Some fundamental policy changes are needed for the merchandise trade sector and these include checking the proliferation of SEZs," the pre- Budget Economic Survey, tabled in Parliament on Thursday, said.
Concerned over a slow down in the economy to 8.7 per cent, the Economic Survey on Thursday suggested that banks should provide "adequate credit at a reasonable cost", vindicating the rate cuts announced by the public sector lenders last fortnight.
The government on Thursday said that any slowdown in the excess capital flows from the last year's high levels could affect the stock market in short-term, even as it would make the monetary management easier.
Speaking to reporters after tabling Economic Survey 2007-08 in the Parliament, Chidambaram said that he was confident of achieving 11th Plan target of 9 per cent growth.
In the midst of the stock market turbulence, the government has sounded a word of caution to investors, with the pre-budget Economic Survey asking them to resist the 'herd mentality.'
Outlook for the Economic Survey (2006-07) also suggests a promising improvement in infrastructure development.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
Revenue buoyancy of GST will be key to improve the resource position of both central and state governments.
Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar's agenda.
The NSE Nifty moved in a range of 95 points, it touched a high of 4,384, and a low of 4,289. The index finally ended marginally (8 points) higher at 4,349. The market breadth was fairly positive - out of 2,692 stocks traded, 1,459 advanced, and 1,141 declined on Thursday.
Karnataka has registered a lower rate of growth in its gross state domestic product (GSDP) compared to the national average in 2007-08. It logged a 7 per cent growth in its GSDP as against the national advance estimates of 8.7 per cent. Inflation was more or less the same as that of the country. The performance of secondary and tertiary sectors (comprising industry and services) has turned out to be a major disappointment unlike the agriculture sector, which has fared better.
'According to the government's Economic Survey, the Indian state's generosity is not restricted to its poorest citizens. In fact, in many cases, the beneficiaries are disproportionately the well-off.'
India's economic growth can reach a sustainable 10 per cent and be spread more evenly across the country if the government pursues ambitious and wide-ranging economic reforms, Organisation for Economic Cooperation and Development has said in a survey.
Bangalore saw realty prices rise 28.8 per cent every year between 2001 and 2005, according to data from National Housing Bank. The Housing Price Index of Bangalore went up nearly 175 points in the period, the highest among the Indian cities. The index has been provided by the NHB's technical advisory group on a pilot basis.
Yashwant Sinha has concluded that with the Economic Survey the government has accepted economic defeat as it is unable to sustain high growth.
"The outlook for exports in 2008-09 may not be as bright as in the past few years with lower projections in world GDP and world imports and exchange rate developments," according to the pre-Budget Economic Survey tabled in Parliament.
Pushing for reforms, the Economic Survey on Thursday said inflationary impact of foreign funds flow, a slowdown in the US, an appreciating rupee and sluggish infrastructure sector were major challenges before economy that is projected to slow down to 8.7 per cent in 2007-08.
The Survey has expressed concern at rising prices and advised measures to contain inflation while sustaining high growth.
The survey is a report card on the nation's economy, tabled before the Budget, and is the finance minister's review of the economy and his assessment of the prospects of the economy.
Market hopes govt will hike capital expenditure.
Ad rates on regular days are less than half, media planners said.
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