Page 12 - Latest Updates on Economic Survey
Fiscal activism
Govt should tread carefully on this path
 "Fiscal activism")
Govt should spend, increase healthcare allocation: CEA to industry leaders
Speaking on privatisation, Subramanian said disinvestment would happen this year and selling Air India would be a seminal moment that would clearly signal the government's intent
 "Govt should spend, increase healthcare allocation: CEA to industry leaders")
Highest since independence: Economic Survey pegs GDP growth at 11% in FY22
This translates into real GDP growing only 2.4% over the absolute level of 2019-20
 "Highest since independence: Economic Survey pegs GDP growth at 11% in FY22")
'Contact-sensitive sector with manufacturing will contribute to 11% growth'
The Indian economy can contract by 7.7 per cent in the current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey
Sowing trust: Agri reforms a remedy, not a malady, says Economic Survey
On food management, the Survey advocated increasing the central issue price (CIP) of grains sold through the ration shops to tame burgeoning food subsidy burden.
 "Sowing trust: Agri reforms a remedy, not a malady, says Economic Survey")
Best of BS Opinion: Budget for the victims, the Wall Street game, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Budget for the victims, the Wall Street game, and more")
Economic Survey defends lockdown strategy to fight Covid-19 pandemic
To implement its strategy, India imposed the most stringent lockdown at the very onset of the pandemic
 "Economic Survey defends lockdown strategy to fight Covid-19 pandemic")
RBI must use reserves for domestic investment, says Economic Survey
The reserves have risen as imports contracted and the country turned surplus.
 "RBI must use reserves for domestic investment, says Economic Survey")
Budget to be seen as part of mini budgets of 2020, says PM Narendra Modi
Sitharaman is scheduled to present the Budget in the Lok Sabha on Monday
 "Budget to be seen as part of mini budgets of 2020, says PM Narendra Modi")
Roads, health care consistent priority for govt: Economic Survey
Private participation remains low, the Survey shows
 "Roads, health care consistent priority for govt: Economic Survey")
A missed opportunity: Eco Survey fails to address the problem of employment
The Survey concludes that the lockdown was a critical instrument in flattening the curve and saving lives
 "A missed opportunity: Eco Survey fails to address the problem of employment")
A call to print more money: Economic Survey sees a 'V-shaped recovery'
Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey
 "A call to print more money: Economic Survey sees a 'V-shaped recovery'")
Economic survey 2020-21: Forget rating agencies, spend without fear
Government spending becomes imperative at the time of excessive risk aversion in the private sector
 "Economic survey 2020-21: Forget rating agencies, spend without fear")
Tight regulation vs discretion: Economic Survey pitches for transparency
"The reality of incomplete contracts leads to inevitability of incomplete regulation. This makes some discretion unavoidable," says the Survey
 "Tight regulation vs discretion: Economic Survey pitches for transparency")
Economic Survey's optimism about India's public debt looks misplaced
India will not face the problem of debt sustainability even in the worst of scenarios till 2030, the Survey observed.
 "Economic Survey's optimism about India's public debt looks misplaced")
Eco Survey bats for sustained, calibrated measures to facilitate recovery
Economic Survey is rich in analysis and comparisons with international data and this makes it an important policy document as has been the case in previous years
 "Eco Survey bats for sustained, calibrated measures to facilitate recovery")
Eco Survey suggests end to forbearance, another asset quality review round
Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round
 "Eco Survey suggests end to forbearance, another asset quality review round")
Increasing health spend to 3% can halve out-of-pocket expenses: Eco Survey
The survey said the focus must be on building the health care system generally rather than a specific focus on communicable diseases
 "Increasing health spend to 3% can halve out-of-pocket expenses: Eco Survey")
Litigation turning out to be a big hurdle for IBC: Economic Survey
Cites World Bank's Ease of Doing Business report, which said it takes 1,445 days to resolve a commercial contract in India, versus 589.6 days in OECD high income countries, 120 days in Singapore
 "Litigation turning out to be a big hurdle for IBC: Economic Survey")
No 'jugaad': Businesses must raise R&D spend, says Economic Survey
India's gross expenditure on R&D is 0.65% of GDP, significantly lower than top 10 economies' spend of 1.5-3%
 "No 'jugaad': Businesses must raise R&D spend, says Economic Survey")
