Economic Survey calls for lifting countervailing duty on imports
Towards ensuring a successful Make in India programme, the finance ministry`s Economic Survey 2014-15 Friday proposed elimination of exemptions in countervailing duties (CVD) and special additional duties on imports to provide a level playing field to domestic industry.
Feb 27, 2015, 20:12 PM IST
Economic Survey pitches for pan-India GST
Introduction of the goods and services tax (GST) would make Indian products competitive in domestic and international markets, the Economic Survey of 2014-15 said, adding that studies have shown that it would instantly spur economic growth.
Feb 27, 2015, 19:54 PM IST
Analysts sceptical about achievability of survey targets
Analysts have welcomed the Economic Survey as it points to the strengthening of the macroeconomic fundamentals, even as some expressed scepticisms on achieving the growth targets spelt out in the annual document.
Feb 27, 2015, 19:43 PM IST
Skilling India key to reviving manufacturing, jobs: Eco Survey
Skill development on a mass scale will enable the `Make in India` initiative of the government succeed and revive the manufacturing sector to create more jobs, says the economic survey for 20014-15.
Feb 27, 2015, 19:14 PM IST
Realty industry seeks clarity on REITs, FDI in budget
The realty industry has high expectations from Finance Minister Arun Jaitley's Budget to be announced tomorrow, as it wants clarity on Real Estate Investment Trusts (REITs) and foreign direct investment in the sector.
Feb 27, 2015, 19:11 PM IST
Govt must continue reforms to meet Eco Survey goals: Industry
While taking positive cues from the growth outlook of over 8 percent for next fiscal pegged in the Economic Survey, Corporate India today said the government must take steps to boost capital formation and stay on the reforms course to sustain high growth.
Feb 27, 2015, 19:08 PM IST
Tax sops likely in Modi govt's 1st full year Budget Saturday
Finance Minister Arun Jaitley will present tomorrow the first full year Budget of the NDA government, hyped as a 'make or break' exercise, that is widely expected to unveil sops for tax payers while pushing forward the 'Make In India' campaign.
Feb 27, 2015, 18:57 PM IST
With economy on upswing, India Inc expects higher growth trajectory
As the NDA government tabled the Economic Survey for 2014-15 Friday, India Inc expressed its hope that the economy is looking up and the growth prospects are bright to attain double digit growth trajectory in the coming years.
Feb 27, 2015, 18:45 PM IST
West Bengal faces possible own-tax revenue shortfall
The West Bengal budget for 2015-16, presented today in the Assembly by state Finance Minister Amit Mitra, has showed a revised own-tax collection of Rs 40,062 crore for 2014-15 against the budgeted estimate of Rs 45,413 crore.
Feb 27, 2015, 18:42 PM IST
Economic Survey recommends huge investment in farm research, warehousing
To boost farm and food sector, the Economic Survey today prescribed huge investment in areas like research, irrigation and warehousing, besides calling for subsidy rationalisation and setting up of a national common market for agri-produce.
Feb 27, 2015, 17:50 PM IST
Opportune time for removal of gold import restrictions: Eco Survey
Citing prevailing favourable factors boosting the country's overall trade performance, the Economic Survey today said it is an "opportune time" to remove restrictions on gold imports.
Feb 27, 2015, 17:39 PM IST
Bring local bodies under cooperative federalism, says Eco Survey
After hiking state's revenue share and creating NITI Aayog, the other policy challenge will be to bring cities and other local bodies under the ambit of cooperative and competitive federalism, says the Economic Survey.
Feb 27, 2015, 17:35 PM IST
Fiscal deficit target of 4.1% to be met in FY15: Eco Survey
The government is committed to fiscal consolidation and will restrict fiscal deficit to 4.1 percent of the GDP in the current financial year, says the Economic Survey.
Feb 27, 2015, 17:31 PM IST
Sensex zooms 473 points after Survey boosts Budget hopes
Ahead of Modi government's first full Budget, the benchmark Sensex Friday logged its best daily gain in almost six weeks, spurting 473 points to regain 29000 level after Economic Survey made a strong pitch for big-bang reforms while projecting faster growth and improved fiscal situation.
Feb 27, 2015, 17:31 PM IST
Survey has been made readable like "a blog": Subramanian
"Joining RCEP might help but not fully since the expectation is that the overall standards in RCEP will be weaker than under the TPP and TTIP," the Survey said, adding "in the context of the slowdown in both world growth and India's export buoyancy, any possible exclusion from the mega-regionals would be additionally worrisome".
Feb 27, 2015, 17:18 PM IST
'Weak infra, challenging labour laws affecting India's trade'
Expressing concerns over declining "buoyancy" of India's exports, the Economic Survey 2014-15 today said that weak infrastructure, challenging labour laws and scarcity of skilled manpower are affecting the country's trade.
Feb 27, 2015, 17:11 PM IST
'Infra sector growth marred; has most stressed loans of PSBs'
The infrastructure sector has remained clogged by bottlenecks so much so that it accounted for one of the highest stressed advances by public sector banks, but a slew of steps are on fast-track its growth, says the Economic Survey.
Feb 27, 2015, 17:09 PM IST
Domestic passenger traffic at Indian airports increases: Economic Survey
India`s Economic Survey Friday showed a healthy increase of 7.1 percent in the domestic passenger traffic handled at the Indian airports during April-December 2014-15.
Feb 27, 2015, 17:06 PM IST
Affordable homes, procedural delay major policy concerns
Widening demand-supply gap in the housing sector and solutions for financing affordable homes are major policy concerns, the Economic Survey said.
Feb 27, 2015, 17:02 PM IST
Airport PPP model leads to better infrastructure, revenues
The success of public private partnership (PPP) model in Indian airports has led to a significant improvement in infrastructure and collection of revenues, says the Economic Survey 2014-15.
Feb 27, 2015, 16:59 PM IST
