February 01, 2021 02:59 PM IST
The gross market borrowing for FY 2022 is pegged at Rs 12.06 lakh crore, while the net market borrowing (for FY22) is pegged at Rs 9.25 lakh crore.
- February 01, 2021 12:58 PM IST
The Union Minister Nirmala Sitharaman also relaxed Income tax (I-T) filing for senior citizens above 75 years of age having only pension in the Budget 2021.
- February 01, 2021 12:07 PM IST
Finance Minister Nirmala Sitharaman, while reading out the Union Budget 2021-22, stated that the Centre will also provide Rs 2 lakh crore to states and autonomous bodies for capex.
- January 30, 2021 08:43 PM IST
In an interaction with Moneycontrol, Krishnamurthy Subramanian also said that the idea of a 'bad bank' was being discussed ahead of the Budget, and that a counter-cyclical fiscal policy was part of pre-Budget deliberations.
- January 29, 2021 06:50 PM IST
India’s services export growth moderated to 2.5 percent in 2019-20 from 6.6 percent in 2018-19 as receipts primarily on account of transportation, insurance and communication services
- January 29, 2021 06:18 PM IST
Indian Kings used to build palaces during famines and droughts to provide employment and improve the economic fortunes of the private sector, the Economic Survey 2020-21 noted while stressing that the call for active countercyclical fiscal policy is not a call for fiscal irresponsibility
- January 29, 2021 04:10 PM IST
India has one of the highest levels of out-of-pocket expenditure (OOPE) in the world, contributing directly to the high incidence of catastrophic expenditures and poverty.
- January 29, 2021 03:41 PM IST
The survey highlighted both economic growth – as reflected in the income per capita at the state level –and inequality have similar relationships with socio-economic indicators
- January 29, 2021 03:16 PM IST
The government ensured sectors like MSMEs and policies like PMGKY get fiscal stimulus for ensuring food security through public distribution system, direct benefit transfers to widows, pensioners and women, additional funds for MGNREGS, and debt moratoria and liquidity support for businesses, adds Economic Survey 2021.
- January 29, 2021 07:55 AM IST
Budget 2021 Highlights: Economic Survey 2021 has forecast India's economy to contract 7.7 percent in 2020-21
- January 27, 2021 07:03 PM IST
Indian Railways' capex was pegged at Rs 161,042 crore in 2020-21 and this is likely to grow in double-digits in 2021-22
- January 27, 2021 05:10 PM IST
The Economic Survey is prepared by the economic division of the Department of Economic Affairs, consisting of CEA KV Subramanian and his team
- January 27, 2021 04:47 PM IST
The government had constituted the direct tax code task force to overhaul the Income Tax Act.
- January 25, 2021 04:13 PM IST
A report by the Centre for Policy Research shows how welfare schemes played an important role during COVID-19 and looks at how schemes like mid-day meal, Poshan Abhiyan, Ayushman Bharat, and Prabhan Mantri Kisan Samman Nidhi fared.
- January 25, 2021 01:42 PM IST
While the findings of Oxfam and other similar agencies are not considered by policymakers, they come at a time when Finance Minister Nirmala Sitharaman will surely keep the urban and rural poor in mind while presenting her 2021-22 Union Budget, exactly a week from today.
- January 25, 2021 01:32 PM IST
How the Railways plans to fund the capex will be important
- January 22, 2021 04:02 PM IST
The 15th Finance Commission has reportedly recommended that India’s combined public health expenditure be increased to 2.5 percent of gross domestic product by 2023-24, which is nearly double of 1.26 percent health outlay by central and state governments in 2019-20, as per an assessment by Niti Aayog.
- January 22, 2021 11:59 AM IST
The SBI Ecowrap report says that Budget 2021 must make announcements to continue incentivising digital transactions, as data shows even the elderly have been using the digital platform more frequently and long after the lockdown ended.
- January 22, 2021 10:16 AM IST
The inter-ministerial group discussing the policy consisted of the Agriculture Ministry, Corporate Affairs Ministry, Electronics and IT Ministry and the Finance Ministry.
- January 21, 2021 02:52 PM IST
Not just internal matters, Joe Biden has inherited a difficult legacy in matters of bilateral relations and trade. India-US trade relations have hit a rough patch after Donald Trump took over as the President,
- January 21, 2021 01:51 PM IST
The Delhi government said that construction workers belong to the “poorest of poor section of society and were one of the hardest hit during the pandemic,” adding that the relief aid is “much-needed support during these difficult times.”
- January 20, 2021 03:50 PM IST
In an exclusive interview with Moneycontrol, Singhania also said that the Centre should come up with an urban jobs programme, and it should ramp up its privatisation plans, and the the trajectory of recovery in 2021 is expected to be a gradual upward slope.
- January 18, 2021 03:00 PM IST
In a paper titled The Economy and Budget: Diagnosis and Suggestions, co-authored with Josh Felman, Subramanian argued that the government can build on its strengths, by extending new welfarism to additional goods and services, while continuing to expand coverage of the goods and services it has already targeted.
- January 18, 2021 07:37 AM IST
The fiscal deficit -- difference between Centre's expenditure and revenue - is expected to be in the range of 7-8 percent of GDP in 2020-21. From that, it may gradually come down to 4 percent of GDP by 2025-26. This means that the long-standing medium- term target of 3 percent of GDP, as mandated by the FRBM Act, no longer holds.
- January 15, 2021 12:38 PM IST
Experts feel that “signals” would be clearer post the upcoming Budget 2021