Workers can choose between higher take-home and contributing part of salary to EPF
The index gains nearly one per centThe index gains nearly 1% on positives in Economic Survey on positives in Economic Survey
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards
By joining an expanded Trans-Pacific Partnership (TPP) or participating in a comprehensive Free Trade Area of the Asia Pacific (FTAAP) and the country's national income would expand by 4%, or $200 bil
It adds that while policy rates have been reduced substantially with four rate cuts of 125 basis points in 2015, bank lending rates have only fallen by around 50 basis points
The survey lacks the time-bound roadmap to move forward
Business Standard sums up the Economic Survey 2015-2016 through graphs
However, it needs to be emphasised that global finance is a critical enabler for the scaled up climate action plans, the survey said
Jaitley is likely to stick to fiscal consolidation on Monday; a rate cut on April 5 should be a fair expectation from the RBI governor
The survey also called for 'aligning taxes and duties on domestic and commercial LPG users'
The survey added, after the launch of 'Make in India' initiative in 2014, there is a nearly 40% increase in FDI inflows
Enhancing competition through more players can help to check and reduce cases of price rigging and cartel formation, it added
By March 2019, government is planning to replace 77 crore incandescent bulbs with LED and 3.5 crore conventional streetlights with energy-efficient LED lights
Economists are now making a strong case for pushing up public spending further. But that would entail deviating from the fiscal consolidation roadmap
The CPSEs had contributed Rs 2,20,981 crore to the central exchequer in 2013-14
India, the world's second largest aluminium producer, produced 3.96 million tonnes in 2014-15
With its FY17 GDP projection at 7-7.5%, the Survey indicates that the underlying drivers of growth continue to be weak despite both fiscal and monetary stimuli
The survey also noted that the country needs to spend more on health and education