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The commission is expected to come out with a report by October 31, covering a period of five years from April 2026.
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India's saving culture has evolved from necessity to ambition. With technological growth, increasing connectivity, and opportunities for education and health, the focus has shifted towards long-term prosperity and national development
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The move comes as India’s gross domestic product growth declined to 5.4 percent in the September quarter
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The Ministry of Minority Affairs, as per the CGA figures, has spent a mere 6 percent of the amount shown in the revised estimate for 2023-24
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The average for the most well-off 5 percent in urban areas still falls short of Rs 21,000. One percent of India’s population is 14 million. A consuming class of 2 percent of the population would be roughly as large as Belgium and the Netherlands put together. Indians shouldn’t be happy with the statistical reduction in poverty. Growth in industrial demand and a mass market depend on growing purchasing power with the masses. A growth strategy, with special focus on education, making India’s youth employable and generating income at a high level of productivity, is needed
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For India Inc, overall, the data seems to hold out some hope. The surge in non-food spending of rural households, especially under durables, services, travel, transportation and the shift away from cereals to pricier items and processed foods should be encouraging news for industry and manufacturing
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Capital expenditure is the money spent by the government on the development of machinery, equipment, building infrastructure, healthcare, etc. But where does this money come from and can the current govt choose to be populist in an election year? Capex allocations have increased year-on-year touching the Rs.10 lakh crore mark in FY24. Can the govt continue to increase its allocation and will they choose to back-load capex? Stacy Pereira sits down with Santosh Nair to understand what exactly we mean by Capex push.
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The company will issue up to 2.2 crore shares to promoters and promoter group, Grasim said in an exchange filing on January 4
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Does the consumption of rural labourers really matter? Or can the economy do perfectly well even without them?
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The average growth of financial assets and liabilities in the period 2000-22 was 12.4 percent and 21.6 percent, respectively. With financial liabilities growing faster than financial assets, we are seeing a slower growth in financial savings
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For the financial year 2022-23, a central share of funds of Rs 6,048 crore was released during the last two years to states and Union territories implementing the scheme.
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The department initiated the action last week after it searched about 10 YouTubers and other social media influencers — mostly young artistes and actors — in Kerala.
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When international agencies take account of the total debt in the country, they include not only the debt of the central government but also the debts of the state governments. In such a situation, the continuous increase in the ‘overall government debt’ to GDP ratio in the country becomes a cause of concern
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Global maritime trade has fallen to a shadow of pandemic peak as high inflation and reopenings hit goods purchases
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Chief Minister K Chandrasekhar Rao's brainchild Dalit Bandhu scheme was allotted Rs Rs 17,700 crore. The scheme provides financial assistance at the rate of Rs 10 lakh per beneficiary to take up any business of his or her choice.
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Aside from non-tax revenue from mining auctions, Odisha's tax revenue grew 20 percent during the first six months of the current financial year thanks to a spurt in economic activity after the easing of Covid restrictions
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In the same period, the out-of-pocket expenditure as a percentage of the total health expenditure also fell from 48.8 to 48.2.
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Budget 2022: Finance Minister Nirmala Sitharaman wants to retain the Centre's focus on reviving the economy. But what do the Budget numbers say?
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Finance Secretary TV Somanathan said there was a lot of positive sentiment from global investors regarding investment in infrastructure.
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While the finance ministry is happy with strong tax collections on the back of a sustained economic recovery, the worry is that Covid-19 relief measures of the past six and a half months could take the fiscal deficit to 7.7 percent of GDP compared with a target of 6.8 percent.
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There seems to be a strong case for increasing government spending aimed at creating better quality jobs and bringing some social security benefits to those in the informal sector
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For the current year, Finance Minister Nirmala Sitharaman has budgeted a fiscal deficit target of Rs 15.07 lakh crore, or 6.8 percent of nominal gross domestic product.
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Officials told Moneycontrol that although expenditure may be higher than budgeted this year, the Centre’s fiscal position is ‘more than comfortable’ and there is enough firepower for further economic support to some sectors
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Global military expenditure in 2020 is estimated to have been $1,981 billion, the highest since 1988—according to records maintained by SIPRI. India accounted for a 3.7 percent of the total world military spending in 2020, third highest, after the US and China.
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Finance Minister Nirmala Sitharaman had, in her 2021-22 Union Budget, revised the fiscal deficit target for the current fiscal year to Rs 18.49 lakh crore, or 9.5 per cent of real gross domestic product, compared to budget estimates of Rs 7.96 lakh crore or 3.5 percent of GDP.
