'No reply' to surveys jumps 100% in 5 years. Gated, urban communities more averse to respond
Non-response rate is higher for detailed surveys like Household Consumption Expenditure Survey, which are instrumental in determining consumer inflation and GDP statistics
Stats ministry working on reforms to make data and surveys more robust, says Saurabh Garg
The statistics ministry is dividing surveys into several parts to avoid fatigue, relying on the use of technology, says the secretary
Ayushman Bharat scheme's expansion not enough. Quality & choice of care also important
At 1 percent of GDP, India spends among the least on healthcare. Ayushman Bharat is well-intentioned, but it needs to evolve to provide people with quality — and not cheap — healthcare.
SC order on mineral royalty to states ignores macro impact, may drive up prices: Centre
The petition also claimed that different state taxes would ‘drive up’ the prices and increase export dependence, the report said, adding that several critical infrastructure sectors are dependent on minerals across the states
GIC OFS subscribed 1.08 times; Finance Ministry to exercise green shoe option
The government has launched 6.78 percent stake divestment via OFS on September 4 and 5, with a floor price of Rs 395 per share.
Govt plans to raise import taxes on vegetable oils to help farmers: Report
The move, which is likely to be announced in the coming weeks, could dampen demand and reduce overseas purchases of palm oil, soyoil, and sunflower oil.
GST Council to weigh easing compliance load on foreign airlines, shipping firms at Sept 9 meet
Council is expected to discuss fitment committee’s proposal of exempting the payment of GST at the time of import, allowing the subsidiary companies to make the payment at the time of disbursement of services instead
Urgently need to close $4 trillion financing gap in sustainable development investments, says FM Sitharaman
FM Sitharaman was referring to a new UNCTAD report that said that developing countries actually face a staggering $4-trillion gap in sustainable development investments.
Access to loan made easy: Public sector banks to develop internal credit rating systems for MSMEs by Oct
The finance ministry supports small businesses to get loans at a more affordable rate amid bid to reduce their dependence on external credit ratings while borrowing funds.
Nitin Gadkari writes to FM, seeks withdrawal of 18% GST on life, medical insurance premiums
GST on medical insurance premium is proving to be a deterrent for the growth of this segment of business which is socially necessary, the minister has said.
Finmin has asked RBI to nudge pvt lenders to increase corporate lending: DFS Secy
"Cost of employee to bank is very high in PSBs. The public sector banks must enhance their operational efficiency and reduce costs by leveraging AI and technology," the official added.
Growth set to slow to 6.5-7% in FY25; Survey asks corporates to pick the baton on job creation
The Economic Survey 2024 asks government to 'let go' in some areas, perhaps as a signal for more privatisation and less interference for businesses to flourish
Banking sector in good financial health to support growth: RBI dy guv
Addressing a conference of statutory auditors and chief financial officers of commercial banks and all India financial institutions here, the deputy governor also said the Reserve Bank of India (RBI) has undertaken several initiatives to enhance the effectiveness of the auditing process
Centre has total divestment potential of Rs 11.5 lakh crore at current valuations: CareEdge Report
According to the report, about Rs 5 lakh crore worth of divestments can come from Central Public Sector Enterprises (CPSEs), while public sector banks and insurance firms could add another Rs 6.5 trillion. The total estimate is the maximum the government can achieve without losing its control over these firms, the report said
India credit seen benefiting from index-related bond flows
With an estimated $3 billion of inflows a month into government bonds alone, the accession has the potential also to lower the cost of capital for companies
India must move fast to make data readily and easily available to end-users: National Statistical Commission chairman RL Karandikar
National Statistical chairman pitches for faster availability of data to users, flags the issue of government lagging behind private companies.
Fruity affair! India exports 'golden ripe' variety of pineapples to UAE
The first trial shipment, which comprised of 8.7 metric tons (650 boxes) of the prized MD 2 pineapples, marks the substantial addition to APEDA’s export basket, boosting the country’s presence in the global markets.
Shipping Corp strategic sale may proceed without further delay: Govt official
The Maharashtra cabinet has already given a stamp duty exemption. The SCI building in Maharashtra is now with its demerged entity, Shipping corporation of India Land and Assets Limited.
Windfall tax on crude slashed to Rs 5,200 pmt; LPG cylinder prices cut to Rs 1,676
Previously, on May 16, the government had reduced the windfall tax on petroleum crude from 8,400 rupees to 5,700 rupees per metric ton.
Govt likely to shift CPI, IIP base year to 2022-23: Official
"2022-23 was a normal year. For CPI, IIP the base year needs to be changed. So 2022-23 will likely be the base year. The base year revision will happen within two years by FY27."
Met coal imports from Russia jump nearly three-fold in last 3 fiscals
Russia's share in India's metallurgical coal imports of 73.2 million tonnes (MT) has risen to around 21 percent from around 8 percent in 2021-22, research firm Big Mint said.
Expert panel recommends criteria for entry into GIFT City, regulations for financial service companies
As a primary safeguard, the committee recommends that entities set up in IFSC to carry out bookkeeping, accounting, taxation, and financial crime compliance services should only be in the form of a company or a Limited Liability Partnership. The committee feels regulations are required to prevent companies from simply reorganise existing businesses in the guise of new investment.
Cabinet nod to food safety trade agreement with Bhutan
The Bhutan Food and Drug Authority will issue a health certificate as a proof of compliance with FSSAI's requirements while exporting products to India
Martin Wolf: The future of ‘communist capitalism’ in China
The question of whether Xi-ism is killing Deng-ism is growing
