View: Survey bats for countercyclical fiscal policy
For all the hardships that year 2020 had, the Economic Survey 2020-21 is mostly on expected lines. The Part II of the Survey presents the economic assessment of the year 2020-21.
Lockdown saved more than 100,000 lives claims Economic Survey
Uttar Pradesh, Gujarat and Bihar restricted the case spread the best; Kerala, Telangana and Andhra Pradesh saved the most lives; Maharashtra under-performed the most in restricting the spread of cases and in saving lives.
Ratings are moody, not fair; poor, not standard: Economic Survey
Arguing that a sovereign rating primarily reflects a country’s willingness and ability to repay its debt, the Survey said that India’s ratings are "unfair" because it has "zero sovereign default history".
Economic Survey bats for big expansion of govt spending
The economy had been slowing even before the pandemic: growth was 6.5% in 2018-19 and 4% in 2019-20. The pandemic shrank the economy by 7.7% in 2020-21.
IBC has changed debtor-creditor dynamics
The Insolvency and Bankruptcy Code has hence brought about significant behavioural changes among the creditors and debtors thereby redefining debtor-creditor relationship.
Ethical wealth creation is way forward: Economic Survey
“Given India’s stage of development, India must continue to focus on economic growth to lift the poor out of poverty by expanding the overall pie,” the Survey said. This, it said, will enable redistribution since economic growth and inequality converge in terms of their effects on socio-economic indicators in India.
Growth Gyaan: Tips on raising women’s participation in workforce, and how digitization may reduce inequalities in education
Besides, non-discriminatory practices at the workplace like pay and career progression are needed to help draw more females to join the labour force. Female labour force participation stood at 26.5% in 2018-19 compared to 80.3% for males.
Recovery play: Economy will take two years to surpass pre-pandemic levels
Following a strong 10-12% rebound in FY22, survey looks ahead assuming a 6.5% rise in FY23 and 7% GDP growth in FY24
India’s economic recovery like cricket team’s performance down under: CEA
India’s V-shaped recovery was like the Indian cricket team’s performance in Australia which bounced from an all-time low score of 36 runs to clinch the four-match Test series 2-1.
Fiscal push or reforms: What should it be? Fine print holds clues
Importantly, and perhaps more so after the pandemic, it calls for increasing investment in health infrastructure, by boosting public spending from 1% of GDP currently to 2.5-3.0% of GDP, along with the setting up of a sectoral regulator in light of the market failures due to information asymmetry.
Economic Survey: Healthcare needs a shot of funds
It observed that India has one of the highest levels of OOPE in the world, contributing directly to the high incidence of catastrophic expenditures and poverty.
Staying on track amid a pandemic, says Economic Adviser Rajiv Mishra
The SOE describes the policy dilemma of lives versus livelihoods faced globally at the beginning of the pandemic forcing countries to choose between the two. Deploying the containment strategy India initially chose lives but soon enough livelihoods as well once the system to handle the pandemic was in place to hasten the unlocking of the economy.
Economic Survey 2021: Covid fight on cover, structural change inside
Breaking with years of tradition, Part 1 is devoted to key conceptual and policy issues – how India fought covid, the debt/GDP debate, the “unfairness” of Western credit rating agencies, inequality, loan forbearance, innovation, Ayushman Bharat and constructing a Bare Necessities Index.
All hands need to be on deck to shake off effects of Covid-19: Sajjid Z Chinoy, JP Morgan
Fiscal deficits will bulge all over the world, with the IMF forecasting emerging market deficits more than doubling from below 5% of GDP pre-Covid to above 10% of GDP in 2020.
Gap between resource availability, requirement pose challenge in NDC implementation: Eco Survey
In the NDC, the country has also sought to achieve 40 per cent of cumulative electric power installed capacity from non-fossil fuel sources by 2030.
Has the Budget ticked all the boxes that India needs to sail through this crisis?
Markets & Budget
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- 5 Budget 2021 announcements taxpayers should make not of6 Photos
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- A glance at personal finance changes from Budget 20216 Photos
- Budget 2021: Will vehicle scrappage policy, import duty changes impact car buyers?03:37
- What all FM Sitharaman announced for India's health, wellness03:22
- Personal finance announcements in Budget 2021 and its impact on individual taxpayer09:54
- Exclusive interview with FM Nirmala Sitharaman on Budget 202121:34
- 'Budget 2021 shows good intent, execution key': Decoding the fine print09:52
- Budget 2021: 10 key takeaways from FM Sitharaman’s announcements for MSME sector04:40
- Budget 2021 is a vision for 'Atmanirbhar Bharat', will boost India's self confidence: PM Modi08:07
- Budget 2021: ‘Superb, practical, rational and progressive,” says NITI Aayog01:44
- Senior citizens of 75+ exempt from ITR filing, easier dividend payout but no income tax relief in Budget 202107:48
- FM lays down indirect tax proposals, vows to further smoothen GST structure09:22