Weakened global economic outlook, sharp drop in commodity prices and poor corporate earnings have taken a toll on the market performance over the last one year
The index gains nearly one per centThe index gains nearly 1% on positives in Economic Survey on positives in Economic Survey
Global headwinds, local disappointments to keep growth at 7-7.5%; Survey suggests exit policy for firms, wants RBI to ease liquidity & cut rates
If the recommendation is accepted, it would release more than Rs 5 lakh crore from RBI reserves
The Survey said this will be a more effective method of financial inclusion than replacing fertiliser subsidy with cash
Country had a transition from 'socialism with a limited entry to marketism without exit'
Workers can choose between higher take-home and contributing part of salary to EPF
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards
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
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
Business Standard sums up the Economic Survey 2015-2016 through graphs
The survey lacks the time-bound roadmap to move forward
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 added, after the launch of 'Make in India' initiative in 2014, there is a nearly 40% increase in FDI inflows
Economists are now making a strong case for pushing up public spending further. But that would entail deviating from the fiscal consolidation roadmap
Enhancing competition through more players can help to check and reduce cases of price rigging and cartel formation, it added