The Survey said PPP Financing structure should attract pension and insurance funds, adding that high projects should shift to e-toll systems and escrow accounts. The Survey also said efforts were needed to reform direct tax system.
The Economic Survey 2014-15, which was tabled by the Modi government in Parliament today, acknowledges the green actions taken by India, including imposing significantly higher taxation of petroleum products to reenergize the renewable energy sector.
The Economic Survey has recommended that the benefits of subsidies reaches those who deserve it, the government needs to look at a union of Jan Dhan Yojana, Aadhaar and Mobile numbers.
As of now, five Indian airports have been given to private developers on a revenue sharing model- Delhi, Mumbai, Hyderabad, Cochin and Bengaluru.
Calling 'Make in India' a flagship initiative, The Economic Survey 2014-2015 highlights that there’s the need for balance between 'Make in India' and 'Skilling India'.
According to the Survey, the overall growth in the eight core industries improved marginally to 4.4 percent compared to 4.1 percent in the same period last year.
India's consumer inflation will drop to between 5 and 5.5 percent in 2015/16, opening up space for more monetary easing, a finance ministry report said on Friday, a day before the government presents its first full budget.
It indicated that the government may have to cut its expenditure in order to meet the target, if revenue did not pick-up sufficiently
The minister hiked the freight rate for cement, coal, others by up to 10 percent; while envisaging investment of Rs 8.50 lakh crore in five years and proposed 77 new projects covering 9,400 km of doubling works, among others.
Air-conditioned Mumbai local trains, which was promised in the Railway Budget 2015, will likely be launched latest by October this year.
Bullet trains are a bad idea when faster trains on existing tracks are an obvious and viable alternative. While it is true that the Modi promised bullet trains before the elections, good sense needs it to abandon this costly extravaganza
Industry leaders allege that beyond the budget announcements, the implementation of the scheme has been poor on the ground.
Railway Minister Suresh Prabhu on Thursday said that Indian Railways will continue to serve the common man of India.
Suresh Prabhu's rail budget is dominated by cosmetic value addition.
Here is a look at how passengers' lives will become easier if the promises made by the government in the Rail Budget 2015 are implemented.
The 66-page White Paper has given details of railways' finances, expenditures on projects and suggestions for improvement.
One key aspect that can improve the efficiency and decrease the Railways’ spending is by bettering the on-time performance of the passenger and goods trains
The Railway Minister has set a precedent by not announcing any new trains or appeasing political constituencies and it’s a far departure from the populist budgets earlier.
Suresh Prabhu's budget is high on ambition; he has to follow it up with concrete action
With the railway minister Suresh Prabhu’s announcement of taking up the third phase of the Mumbai Urban Transport Project (MUTP), it is set to boost the rail infrastructure in the Mumbai Metropolitan Region.
Railway Minister Suresh Prabhu ended a prolonged period of underinvestment in the Indian Railways by proposing a massive 52 percent hike in plan spends, and promises of more in the remaining years of Modi's five-year term
Out of total Rs 8,56,020 crore proposed investment plan, the minister has set aside Rs 5,000 crore for Information Technology/ Research.
The minister also said that ticket examiners would be instructed to help senior citizens and pregnant women, who weren't alloted lower berths during the reservation process.
Prabhu’s budget holds within its fold a regulatory framework that will not only oversee tariffs but also write regulations, set performance standards and adjudicate on disputes among licensees and the ministry.
India's railway minister Suresh Prabhu did not announce any new trains in his maiden budget, departing from a tradition of laying on new services to politically important constituencies.
Thankfully, Suresh Prabhu’s Rail budget 2015 is not an election manifesto. By not using the budget for cheap populist stunts, Prabhu has ensured that his maiden speech would remain non-controversial and will, thus, allow him the peace and luxury of implementing it away from the glare of the critics.
Stock markets did not seem to approve of everything Prabhu has proposed today.
The Railway Budget for 2015-16 proposed raising freight rates for 12 commodities that include a 6.3 percent increase for coal.