Page 50 - Budget 2022 News

School students owning smartphone in rural India up 61% in 2 yrs: Survey

The percentage of school students owning a smartphone in rural India has increased from over 36 per cent to 61 per cent in the last two years, the Economic Survey 2020-21 noted

Need to see farming as modern biz enterprise; reforms needed: Eco Survey

The Economic Survey on Friday suggested the government to see farm sector as a "modern business enterprise" for which "urgent reforms" are required to enable sustainable and consistent growth

Reduced data cost could enable affordable access: Economic Survey

Internet and broadband penetration across both urban and rural areas progressed rapidly, and the reduced cost of data could enable the affordable access at a fast pace, Economic Survey said

Need to promote non-discriminatory practices at workplace for women: Survey

There is a need to promote non-discriminatory practices at the workplace like pay and career progression, improving work incentives and social security benefits for women, said the Economic Survey

IT-BPM sector saw recovery in revenue growth at 7.9% in FY20: Eco Survey

The Indian IT-BPM sector witnessed a recovery in revenue growth at 7.9 per cent in FY2019-20, primarily driven by a significant boost in domestic revenue, as per the Economic Survey 2020-21

Taxpayer grievance redressal system needs more teeth: Economic Survey

The government should reinvigorate the taxpayer grievance redressal system by giving it more teeth and making it independent of the tax department to help build trust in tax admin, the Survey said

India reaping 'lockdown dividend' by saving lives, livelihood: Eco Survey

India is reaping the "lockdown dividend" from the preventive measures it adopted at the onset of the COVID-19 pandemic indicating its willingness to take short-term pain for long-term gain

Budget likely to increase food subsidy allocation by 4%-6% for 2021/22

Budget will be presented on February 1

Calibrated response to Covid leaves room for more fiscal measures: Survey

Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 trillion, which is 15 per cent of national GDP, the Survey said

Firms garner Rs 92K cr via public equity issuance in Apr-Dec: Eco Survey

A 46 per cent jump from the preceding financial year, with rights issue remaining the most preferred route for financing business needs

Economic Survey: Case for Budget to bring more sectors under PLI scheme

The govt's PLI scheme can aid job creation, according to the Survey, which has laid out 10 ideas towards achieving and sustaining a higher growth rate

Markets have been swinging an average 3% on budget day

Stocks tend to gyrate on budget day as investors decipher the impact of various announcements the FM makes in the budget speech

There should be discussion, presentation of views in Parliament: Modi

Modi made the remarks on the first day of the Budget Session

Exporters urge FM to increase R&D spends, reduce taxes in budget

The budget will be presented on February 1

FM gave four-five mini-budgets in 2020, upcoming will be part of it: Modi

Keeping in mind this decade, there should be discussions and presentation of different views this session, he said

From tax exemptions to jobs, here's what Indians expect from Budget 2021

The new findings were revealed in an online survey conducted by YouGov in which 1,015 people participated

Economic survey likely to predict 11% economic growth for 2021-22: Report

The Indian economy, which the International Monetary Fund singled out as a global bright spot only a few years ago, is set to contract 7.7% in the current fiscal year

Past failures on spending targets dampen India's 2021 budget hopes

While increasing public expenditure is key to revive the economy from the pandemic-induced slump, falling tax revenues mean Sitharaman will have thin resources

Beyond Budget Headlines: What the key elements of FM's speech mean to us

Given that the FM has already said that this will be extraordinary Budget, all eyes will be on how she allocates the resources to the most pressing needs of the present time

Budget 2021: Nirmala Sitharaman to table Economic Survey 2020-21 today

he Economic Survey is authored by Chief Economic Adviser (CEA) Krishnamurthy Subramanian and his team. In his first Survey in 2019, Subramanian had set an agenda of achieving 8% sustained GDP growth