The Economic Survey 2022-23 was tabled in Parliament by finance minister Nirmala Sitharaman. The document, prepared by a team of economists led by chief economic adviser V Anantha Nageswaran, analyses developments in the economy in the past year and makes projections for the following year. Here are some of the key takeaways.
Today
Union government to present the Budget for FY2023-24
One percent fee on BoB credit card rent payments
Old vehicles to be scrapped in Noida
Tata Motors to increase passenger vehicle prices
DTH and cable TV subscribers to see tariff increases
India International Leather Fair to begin in Chennai
Jaipur International Airport to become a ‘silent’ airport
All India Bar Examination hall tickets to be released
TANCET 2023 registrations to begin
Samsung Galaxy S23 series launch
OPEC+ countries to hold a virtual meeting
BCCI, Sachin Tendulkar to felicitate World Cup-winning U19 women’s team
India Manufacturing PMI
FOMC rate decision, US S&P global manufacturing PMI
UK S&P global/CIPS UK manufacturing PMI
Eurozone S&P global, Eurozone manufacturing PMI, CPI, unemployment
Global companies results: Meta Platforms, Hitachi, Nomura, Sumitomo Chemical, GSK
Ind vs Nzl 3rd T20 in Ahmedabad
India companies Q3 results: Ajanta Pharma, Ashok Leyland, Brittania, Gillette, IDFC, Jubilant FoodWorks, Kaya, Raymond, Whirlpool,
Global companies results: Meta Platforms, Novartis AG, Sony Group Corporation, GSK, Metlife
Tomorrow
International Optimist Day
Shilas from Nepal for Ram Lalla idol to arrive in Ayodhya
25th annual National HRD conference to begin in Hyderabad
SC lists petitions on 2020 North East Delhi riots
First meeting of G20 employment working group in Jodhpur
First Sustainable Financial Working Group (SFWG) meeting and Youth 20 Inception event in Assam
Teachers recruitment scam: Former WB minister Partha Chatterjee's judicial custody ends
Mumbai municipal corporation BMC's budget presentation
India companies Q3 results: 3i Infotech, Aditya Birla Capital, Apollo Tyre, Bajaj Electricals, Berger Paints, Coromandel, Crompton, Dabur, Godrej Properties, HCC, HDFC, Karnataka bank, Lloyd Steel, Max Health, Mahanagar Gas, Tata Consumer products, Timex, Thomas Cook, titan, Ujjivan SFB, VGuard, Welspun Corp, Zydus Wellness
Global companies results: Apple, Alphabet, Amazon, Merck & Company, Qualcomm, Starbucks, Ford Motor, Cognizant, Deutsche Bank, Harley-Davidson, Prestige Consumer Healthcare
UK BOE rate decision
Eurozone ECB rate decision
US initial jobless claims
Moneycontrol's Budget Sensitivity Index (MC BudEx) closed 1.4 percent higher on January 31, a day ahead of the big financial event. In comparison, the Nifty and the Sensex closed flat, up 0.07 percent each. Top gainers on the MC BudEx were Chambal Fertiliser, Bharat Electronics, IRB Infra and Bank of Baroda, all gaining 6-8 percent. Read here.
From land records to land financing and timely approvals and clearances, the direction towards a clean and robust real estate industry is the need of the hour. Will Budget 2023 make these strong statements? Read here.
Funding from private equity (PE) and venture capital (VC) had been a significant driver of growth in India for the past few years, especially in information technology (IT) and IT-related industries. Budget 2023 needs to announce several policy measures to promote a more inclusive and sustainable development path for startups and small businesses and for the overall growth of the private equity and venture capital space. Read here.
The government's fiscal deficit widened to Rs 9.93 lakh crore in the April-December period, accounting for 59.8 percent of the full-year target for 2022-23, data released on January 31 by the Controller General of Accounts showed. The fiscal deficit in the first nine months of the last financial year was 50.4 percent of last year's target. Read here to know more.
From a likely increase in the repo rate to a shorter settlement cycle for equity mutual fund investments to credit card changes along with the tax planning exercise, a lot is happening in February. Here’s what to watch for.
