The agriculture credit flow for the year 2020-21 stood at Rs 15,75,398 crore against the target of Rs 15,00,000 crore for the year, said The Economic Survey 2022-23. The agriculture credit flow target for 2021-22 has been fixed at Rs 16,50,000 crore, it added. Till September 30, 2021 a sum of Rs 7,36,589.05 crore has … Read more
About 86 per cent of fund has been allocated for demand incentive so as to create demand for electric vehicles (EVs) in the country, it added. As many as 96 cities across the country have witnessed an improvement in the air quality with the government taking a host of measures, including steps to curtail vehicular … Read more
In order to achieve USD 5 trillion GDP by FY’25, India needs to spend about USD 1.4 trillion over this period on infrastructure, according to the Economic Survey. During financial years 2008-17, India pumped in about USD 1.1 trillion on infrastructure. However, the challenge is to step up infrastructure investment substantially, the Economic Survey 2021-22 … Read more
NEW DELHI: Benchmark indices jumped in Monday’s trade, tracking Friday’s rally on Wall Street, even as fear gauge India VIX spiked ahead of Economic Survey later in the day and Union Budget 2022 tomorrow. IT and select financials led the gainers. At 10:23 am, the BSE Sensex was trading 847 points or 1.48 per cent, … Read more
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy and suggest policy prescriptions, quite often misses on the GDP forecast, sometimes by a significant margin. This time, Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on … Read more
The government on Friday named V Anantha Nageswaran, a former member of the Prime Minister’s Economic Advisory Council (PMEAC), as its next chief economic advisor (CEA), ahead of its Economic Survey and Union Budget. The position has been vacant since December 17, 2021, when KV Subramanian demitted the office. An IIM-Ahmedabad graduate, Nageswaran teaches international … Read more
Covid-19 restrictions have impacted the midday meal due to the shutdown of schools, caused diversion of ASHA workers to Covid-19 related duties, and resulted in the closure of Anganwadi centers. (Representational image: IE) By Dr K Madan Gopal, The Covid-19 outbreak is probably one of the most difficult challenges that India has had to face … Read more
The budget has laid the foundation for high growth over this decade, chief economic adviser Krishnamurthy Subramanian said. In an interview with ET, he said the fiscal policy should be counter-cyclical. Edited excerpts: The Economic Survey called for fiscal relaxation. Does the budget go far enough in that direction? The survey has called for counter-cyclical … Read more
NEW DELHI: The government has garnered Rs 19,499 crore through CPSE disinvestment and share buyback so far in 2020-21, as against the Rs 2.10 lakh crore budget target set for the entire fiscal year ending March 31. With COVID-19 related delays impacting big ticket strategic sales and listing of insurance behemoth LIC, the government is … Read more
Chief economic adviser Krishnamurthy Subramanian said on Friday fiscal rules should be framed in a way that they enable a counter-cyclical fiscal policy. Subramanian, in an interaction with the media, batted for reforms in the agriculture sector that he said would bring multiple benefits for farmers. Edited excerpts: ON CRICKET AND V-SHAPED RECOVERY India’s V-shaped … Read more