Budget 2015 News - Page 5

Eco survey: India a recovering economy, not a surging one, says Subramanian

Government's new GDP methodology is "puzzling" for none other than Chief Economic Advisor Arvind Subramanian, who today said the new numbers show growth to have accelerated during 2013-14 despite that being a "kind of bad year".

Is Eco Survey's double-digit growth estimate right? Budget 2015 holds key

Reviving investment cycle is key, but fiscal consolidation path will be watched

Sensex gains 262 points in early trade ahead of Budget, Nifty crosses 8,900 mark

The 30-share index of the Bombay Stock Exchange, which zoomed 473.47 points in the previous session on the back of robust growth projections in the Economic Survey, gained 262.33 points, or 0.89 percent, to 29,482.45.

Budget 2015: Will Jaitley unleash 'big bang' reforms that Economic Survey desires?

The government's annual report card on the economy, released on the eve of the union budget, said growth rate of over 8 percent is expected in the coming year, and that it can even rise to double-digit levels with the right policy push and reforms.

Budget 2015 is make-or-break for Modinomics

Prime Minister Narendra Modi's stomach for free-market economics faces a major test on Saturday, in a budget India's top economic advisor has warned could wreck the leader's promises of "good days" if there's no roadmap to reform.

Budget 2015: Jaitley must dissuade second home investments to deflate property bubble

The time has come to deflate the Real Estate bubble and discourage fetish for Gold consumption and channelize savings into productive capital formation by investment in infrastructure for the nation. There cannot be a better day to address this issue than Union Budget 2015.

Populism won't work in Budget 2015: Jaitley shouldn’t emulate rival Sisodia

The Modi government should also stand its ground on the issue of land acquisition. Restoring social impact assessment would be going back to square one with land acquisition getting embroiled in environmental and societal considerations which while being important should not condemn economic growth perpetually to the comatose state

Budget 2015 has 10 challenges; Jaitley cannot afford to screw up this time

If Arun Jaitley's 2014-15 budget was eminently forgettable, Budget 2015-16 is his opportunity to correct that impression. If he meets the 10 big challenges he faces head-on, this budget will be as important as the one in 1991

Economic Survey 2014-15 sees no need for 'big bang' reforms to get 10 percent growth

The Economic Survey tabled in parliament is more optimistic in tone than others in the recent past. It sees "creative incrementalism" as the route to reforms and raising GDP growth to double-digits. One-shot big bang reform is not needed

Little Bang: Economic Survey 2015 takes a realistic view on reforms

The double-digit growth that the Economic Survey sees as possible is not statistically difficult. More interesting is the practical approach it takes to reforms in a diverse, democratic polity.

Here's why Arvind Subramanian’s economic survey offers a subsidy 'Nirvana'

In his press conference, chief economic adviser Arvind Subramanian alerted journalists to not look at the Economic Survey as anything more than wishful policy thinking.

Budget 2015: Tap urban infra to revive economy; it's a Rs 7 lakh cr opportunity

Companies globally are watching the direction India will move on this front and will they be able to actualise it

Economic Survey does a Raghuram Rajan, hits bull’s eye on banking reforms

The responsibility of acting on recommendations such as reforming state-run banks and bringing in bankruptcy laws, rests with the government.

Budget 2015: 3 stats that show why tax evasion is a very serious problem

The government's endeavour should be to increase tax-to-GDP ratio to a higher level; for that, tax net should be widened and evasion checked

No privatisation of railways and retrenchment, says Prabhu

Under the policy of participative model for rail connectivity and capacity augmentation, investment of Rs 10,000 crore has been committed for 19 rail projects so far.

How to revive growth in India? Economic Survey hits the nail on the head

The government would do well if it acts in the direction offered by the economic survey

Economic survey: Are stalled projects at Rs 8.8 lakh cr or Rs 18 lakh cr?

There is not much hope for the private sector. What has not helped the private sector is the fact that it is terribly over-leveraged (i.e. it has taken on a massive amount of debt in comparison to the equity that it has)

Sensex surges more than 300 points ahead of budget

The benchmark BSE Sensex gained 1.5 percent to 29,173.56 and the broader Nifty added 1.54 percent, heading towards their best single-day gain since 20 January.

Economic Survey: India gears up to resolve climate challenges, drive development

The Survey said that India's total renewable power installed capacity as 31 December 2014 has reached 33.8 GegaWatts with wind energy accounting for 66 percent of the installed capacity followed by biomass, small hydro power and solar power.

FY16 growth above 8%, inflation easing: Key facts from the Economic Survey

India's economic survey pegged growth at more than 8 percent for the next fiscal and said inflation was now declining, while also setting the agenda for reforms needed to further drive the expansion, prune wasteful expenditure and promote productive investment.

Economic Survey says India has enough dollars, remove restrictions on gold import

The Indian government had imposed restrictions on gold imports in 2013 when a wide current account deficit had sparked the worst currency turmoil since a 1991 balance of payments crisis.

Economic Survey: Govt approves Rs 200 cr scheme for agri-marketing via e-platforms

The DAC has approved Rs 200 crore for a central-sector scheme for promotion of national Agricultural Market through Agri-Tech Infrastructure Fund to be implemented during 2014-15 to 2016-17.

Economic Survey predicts growth will jump as fiscal deficit shrinks

India can increase public investment to drive growth without borrowing more, a key government report said on Friday, in an indication that Finance Minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday.

Invest more in railways, but in on commercially viable projects: Economic Survey to Modi govt

The survey has recommended that the Modi government should invest in the development of railways like the Vajpayee government had invested in roads.

Make in India to latest tech: Rail Budget 2015 is balanced but where are the funds?

It is a balanced budget. However, it leaves question mark on the challenge of convincingly garnering the significant amount of funds.

Prabhu raises hopes with Rail Budget 2015, but his assumptions may be unrealistic

Meeting the projections looks too unrealistic at this point in time, unless economy turns around and consumer confidence returns dramatically

Economic Survey: Food subsidy burden spurts 20%, agri investment need of the hour

Rationalisation of subsidies and better targeting of beneficiaries will release resources for public investment in agriculture

Economic Survey predicts over 8% growth in 2015-16: Time for big-bang reforms

Just a day ahead of the Union Budget, the NDA-led government today tabled the Economic Survey for 2014-2015 in Parliament which outlines the broad direction of the Budget and the economic performance of the country. The Survey forecasts a growth rate of over 8% for the financial year 2015-2016 on the basis of the new GDP calculation formula and emphasises that there is scope for big bang reforms as of now.