Economic Survey 2018 reveals low tax collections at panchayat level are challenge to fiscal federalism
Business

Economic Survey 2018 reveals low tax collections at panchayat level are challenge to fiscal federalism

Economic Survey says panchayats received 95 percent of their revenues from devolved funds from centre/state, while generating only 5 percent from own resources

Fiscal deficit may be slightly higher than target of 3.2% of GDP as per earlier projection: Niti Aayog vice-chairman
Business

Fiscal deficit may be slightly higher than target of 3.2% of GDP as per earlier projection: Niti Aayog vice-chairman

The government aims to contain the fiscal deficit for 2017-18 to 3.2 percent of the GDP, and 3 percent in 2018-19

RBI may hold repo rate in Feb as growth picks up, inflation on upward move, says Arvind Subramanian
Business

RBI may hold repo rate in Feb as growth picks up, inflation on upward move, says Arvind Subramanian

Retail inflation, based on Consumer Price Index (CPI) was 4.88 percent in November and in December 2015 it was 3.41 percent

Rising NPAs cut banks' lending to real estate sector to 17% in 2016 from 68% in 2013: Economic Survey
Business

Rising NPAs cut banks' lending to real estate sector to 17% in 2016 from 68% in 2013: Economic Survey

Economic Survey says PE funds and financial institutions such as pension funds and sovereign wealth funds have replaced banks as largest source of real estate sector

Economic Survey mentions Sunny Deol's famous dialogue from 'Damini' to highlight ease of doing business hurdles
Business

Economic Survey mentions Sunny Deol's famous dialogue from 'Damini' to highlight ease of doing business hurdles

Economic Services next frontier on ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas

Household savings coming into bank deposits, life insurance funds and shares increased manifold: Economic Survey
Business

Household savings coming into bank deposits, life insurance funds and shares increased manifold: Economic Survey

Economic Survey says mutual funds witnessed an inflow of over Rs 2.53 lakh crore savings in April-October period of current fiscal

Economic Survey says India needs $ 4.5 trn to build infrastructure by 2040; can garner $3.9 trn funds itself
Business

Economic Survey says India needs $ 4.5 trn to build infrastructure by 2040; can garner $3.9 trn funds itself

Economic Survey attributes collapse of Public Private Partnership as reason for massive underinvestment in the infrastructure sector

Economic Survey says demonetisation added more number of taxpayers, caused bigger household savings
Business

Economic Survey says demonetisation added more number of taxpayers, caused bigger household savings

As per Economic Survey analysis, new filers reported an average income, in many cases, close to income tax threshold of Rs 2.5 lakh

Jobs, agriculture sector to get big push in Budget 2018, hints Economic Survey; pegs GDP at 6.75% this year: 10 points
Business

Jobs, agriculture sector to get big push in Budget 2018, hints Economic Survey; pegs GDP at 6.75% this year: 10 points

Economic Survey says GDP growth has averaged 7.3 percent from 2014-15 to 2017-18, which is highest among major economies of the world

Economic Survey 2017-18 uncovers 10 new facts about economy, says 1.8 mn direct tax filers added since note ban
Business

Economic Survey 2017-18 uncovers 10 new facts about economy, says 1.8 mn direct tax filers added since note ban

Economic Survey says India's firm export structure is substantially more egalitarian than in other large countries

Sensex zooms 320 points to at 36,371 as Economic Survey paints stronger growth projections; budget on 1 February
Business

Sensex zooms 320 points to at 36,371 as Economic Survey paints stronger growth projections; budget on 1 February

Sensex went up mostly due to gains made by Maruti Suzuki, TCS, HDFC Ltd, Tata Steel, Bajaj Auto, Kotak Mahindra Bank, Hindustan Unilever, among others

In his first budget address, President Ram Nath Kovind reiterates govt's pledge to double farmers' income by 2020
Business

In his first budget address, President Ram Nath Kovind reiterates govt's pledge to double farmers' income by 2020

President Kovind in his budget address says it is result of hard work of farmers that there has been a record production of more than 275 mn tonnes food grains

Budget dialogues: Recapitalisation of state-run lenders alone will not cure ills of banking sector, say panelists
Business

Budget dialogues: Recapitalisation of state-run lenders alone will not cure ills of banking sector, say panelists

Panelists say banking sector requires overhauling of current structure of the entire system dominated by state-run lenders

Budget 2018: Arun Jaitley may tweak income tax slabs, do away with multiple deductions: EY report
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Budget 2018: Arun Jaitley may tweak income tax slabs, do away with multiple deductions: EY report

About 48 percent respondents said they expect finance minister Arun Jaitley to lower corporate tax rate to 25 percent in Budget 2018

Budget 2018: Why Narendra Modi government should focus on policymaking, not policing
Business

Budget 2018: Why Narendra Modi government should focus on policymaking, not policing

The government has already announced that rural India and infrastructure as the focus areas in the upcoming budget.

Budget 2018: Small businesses remain untouchables for conventional banks; can Arun Jaitley offer a solution?
Business

Budget 2018: Small businesses remain untouchables for conventional banks; can Arun Jaitley offer a solution?

Panelist says there needs to be a targeted approach to address the problems of small firms who don't get much lending from banks

Budget 2018: Remove import duty on raw materials, urges stainless steel industry
Business

Budget 2018: Remove import duty on raw materials, urges stainless steel industry

The import duty on ferro-nickel is 2.5% and the raw material has to be imported because India hardly has any nickel resources, the association said

Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake
Business

Budget 2018: Fiscal slippage not a bigger worry than faltering economy; Jaitley shouldn't repeat UPA's mistake

The additional spending, if directed to kickstart economic engines, can work well to regain the growth momentum, even at the cost of a one-off fiscal slippage

Budget 2018: Citizen's body demands rise in HRA, action against builders misusing GST
Business

Budget 2018: Citizen's body demands rise in HRA, action against builders misusing GST

A not-for-profit organisation has pitched for stern action against those builders who are "enriching themselves" under the "guise of GST" causing loss to homebuyers

Union Budget 2018: Pressure on FM Arun Jaitley to fulfil promise of cutting corporate tax rate to 25%
Business

Union Budget 2018: Pressure on FM Arun Jaitley to fulfil promise of cutting corporate tax rate to 25%

In the upcoming Union Budget 2018, Finance Minister Arun Jaitley will be under pressure to moderate tax rate for the industry which was promised a lower corporate tax of 25 percent by the government three years ago