Page 23 - Budget 2022

Economic Survey revealed Modi govt's 'gross mismanagement' of economy: Cong

The 2022 Economic Survey has revealed the intrinsic weakness of the economy and the Narendra Modi government's "gross mismanagement" on this front, the Congress said

Economic Survey showcases development using satellite, geo-spatial images

The Economic Survey has used a mix of satellite imagery, geospatial data and cartographic techniques to showcase the country's development and urbanisation over the years

Abatement of Covid to kick in virtuous investment cycle, generate jobs: CEA

V Anantha Nageswaran said the construction sector is beginning to revive and that's one of the highest employers in the country

Investors' wealth jumps over Rs 3.33 trn as markets rally ahead of Budget

Investors' wealth on Monday gained over Rs 3.33 trillion as markets witnessed heavy buying a day ahead of the Union Budget, with the 30-share BSE benchmark rallying about 814 points.

Economic Survey GDP forecast of 8-8.5% optimistic, say experts

CII Director General Chandrajit Banerjee said the Economic Survey's GDP growth forecast will catapult India as the fastest growing major economy of the world for two consecutive years

Budget 2022 LIVE: Govt to take balanced view on cryptocurrency, says Sanyal

The issue of cryptocurrency has not been covered in the Economic Survey 2021-22, Principal Economic Adviser said in an interaction with media

Economic Survey: Food subsidies grew by 400% to Rs 5.25 trn

The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

Economic Survey: Fertiliser subsidy touches Rs 85,300 cr in Apr-Dec FY22

The government's fertiliser subsidy touched Rs 85,300 crore in the first nine months of the ongoing fiscal year, according to the Economic Survey. Domestic fertiliser production reached 28.5 million tonne during April-December period of 2021-22. Out of the total fertiliser production, urea output was at 18.7 million tonne, Di Ammonium Phosphate (DAP) at 3 million tonne and complex fertilisers at 6.8 million tonne. According to the Survey, total fertiliser subsidy reached Rs 85,300 crore during the nine-month period. Of this, Rs 49,800 crore subsidy was on urea and the balance Rs 35,500 crore on phosphatic and potassium (P&K) fertilisers. The government's fertiliser subsidy had touched a record Rs 1,38,500 crore in 2020-21. Much of the subsidy was spent on urea at Rs 99,500 crore followed by P&K fertilisers at Rs 39,000 crore. The government is making available fertilisers, namely urea and different grades of P&K fertilisers to farmers at subsidised prices through ...

Economic Survey: Significant acceleration in formalisation of the job mkt

An analysis of the latest EPFO data suggests a significant acceleration in formalisation of the job market, driven by both new formal jobs and formalisation of existing jobs

Eco Survey: To achieve $5-trn GDP by FY25, need to spend $1.4 trn on infra

In order to achieve USD 5 trillion GDP by FY'25, India needs to spend about USD 1.4 trillion over this period on infrastructure, according to the Economic Survey

Economic Survey: Indian aviation sector has started to rebound

The Indian aviation sector has started to rebound with accelerated pace of Covid-19 vaccine roll-out and easing of travel restrictions globally, stated the Economic Survey released on Monday

Economic Survey 2022 Highlights: Geopolitical risks bubbling up, says PEA

Economic Survey 2022 Highlights: India's FY22 GDP growth is seen at 9.2 per cent and GDP growth for 2023 is projected at 8 per cent to 8.5 per cent, according to reports

Eco Survey: Retail participation in equities rises on buoyant stock market

In April-Nov 2021, nearly 22 mn individual demat accounts were added, the Economic Survey for 2021-22 noted

Eco Survey 20-21: Foreign direct investment in pharma sees 'sudden spurt'

The increase in foreign investment in the pharma sector in 2020-21 is mainly on account of investments to meet Covid-19-related demands for therapeutics and vaccines, according to the Economic Survey

Economic Survey: Railways target 100% electrification by Dec 2023

The Indian Railways (IR) has set a target of 100 per cent electrification of its network by December 2023, said economic survey 2021-22.

Eco Survey 21-22: Supply management, cut in fuel duties help control prices

Consumer price index-based inflation has remained well within RBI's sub 6-per cent comfortable zone during April-December period of FY22

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

Economic Survey: India's total consumption likely to grow 7% in FY22

India's total consumption is estimated to have grown by 7 per cent in FY22 with government consumption being the biggest contributor, the Economic Survey tabled in Parliament on Monday said

Economic Survey says economy well placed to take on FY23 challenges

The Indian economy is well placed to take on the challenges of 2022-23, suggest macro-economic stability indicators, said Eco Survey which was presented in the Parliament on Monday by Finance Minister