The Economic Survey 2017, released earlier this month, revisited a financial idea that had been doing the rounds in India for the past year or so: that the government should set up something like a 'bad bank' to tackle the non-performing assets menace.
The survey said that there is a need to adopt the latest satellite based techniques to map urban properties.
India‘s experience has reaffirmed the need for rules to contain fiscal deficits, because of the proclivity to spend during booms and undertake stimulus during downturns, the Survey notes.
The Survey also says that the capacity of the State in delivering essential services such as health and education is weak due to low capacity, with high levels of corruption, clientelism, rules and red tape.
Former Principal Advisor to Planning Commission Pronab Sen has expressed apprehensions over the applicability of the Economic Survey 2017 in the Budget.
Finance minister Arun Jaitley will table the Economic Survey, an official report of the economy, in Parliament on Tuesday.
Presented a day before the Union Budget, the Economic Survey serves as the official report of the economy.