To a question on being the middle class did you expect more from the budget, 66 per cent of the middle-income group said they expected more.
Presenting the Union Budget for 2021-22, she said the government is also working on a national language translation initiative.
Presenting the Union Budget for 2021-22, she also said the operation green scheme will cover 22 more perishable commodities while announcing the development of five major fishing hubs.
Presenting the Union Budget for 2021-22, she said Railways will monetise dedicated freight corridors.
At the interbank forex market, the domestic unit opened at 72.89 against the US dollar, then inched higher to 72.88, registering a rise of 8 paise over its previous close.
India’s real GDP growth rate is projected to be the highest at 11.5 per cent in the year 2021 among the top-10 leading economies in the world, according to the industry body.
The Economic Survey is a tradition that was first presented in 1950-51, over the last few years, the pattern has changed but the crux hasn’t- it’s presented in two volumes – Volume I, Volume II and the statistical appendix.
In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.
The December 2020 revenues are significantly higher than last month’s revenues of Rs 1,04,963 crore. This is the highest growth in monthly revenues since the last 21 months.
The Ministry of Commerce & Industry in a statement revised the ECI index production rate in August to (-) 6.9 per cent.
During the UPA’s 10-year rule, around Rs 2,20,328 crore was written off by various banks, and this figure shot up to Rs 7,94,354 crore during the NDA regime from 2015-2019, resulting in a corresponding reduction in the banks’ NPAs.
The expenses on primary articles, which constitute 22.62 per cent of the WPI’s total weightage, increased to 2.72 per cent.
The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per cent from (-) 23.9 per cent in the preceding quarter.
Nevertheless, the agency pointed out, there are also downside pressures to growth and that it will take time to assess “whether the reforms are implemented effectively”.
The revision comes days after the Centre announced new stimulus measures. Besides, Moody’s revised the forecast for the next financial year ending March 2022.
IMRI gauges investors perception of the strength of an economy based on parameters such as inflation, fiscal deficit, current account deficit and change in real GDP growth.
The former Finance Minister was criticising the statements made by the RBI Governor and the Economic Affairs Secretary.
Aluminium, a metal of strategic importance for India to attain its goal of becoming a $5 trillion economy, continues to be a highly imported metal.
With the coronavirus pandemic still to be contained and the central government’s stimulus measures having limited impact on economic activities and consumer demand, the outlook for the Indian economy for the current financial year has only worsened.
