Page 16 - Latest Updates on Economic Survey
Economic Survey: 'Counter-cyclical fiscal policy' to boost demand justified
The Survey places primary blame for the slowdown on global factors, saying 'the deceleration of India's GDP growth since 2017 has tracked the decline in world output'
 "Economic Survey: 'Counter-cyclical fiscal policy' to boost demand justified")
Budget 2020 LIVE updates: FM Nirmala Sitharaman at Finance Ministry
Budget session 2020 LIVE updates: The Economic Survey is a detailed report card on the economic performance in the year
 "Budget 2020 LIVE updates: FM Nirmala Sitharaman at Finance Ministry")
Economic Survey 2019: Rs 2-trn Smart City Mission projects underway
The Survey noted that about 1,290 projects worth Rs 22,569 crores have been completed and are operational
 "Economic Survey 2019: Rs 2-trn Smart City Mission projects underway")
FM Nirmala Sitharaman to present Budget 2020 in Parliament today
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha
 "FM Nirmala Sitharaman to present Budget 2020 in Parliament today")
Briefcase or bahi-khata: What will FM carry for Budget 2020 presentation?
On the day of 2019 Union Budget presentation, Sitharaman broke away from long-standing traditions of colonial-era when she ditched the briefcase and opted for traditional bahi khata
 "Briefcase or bahi-khata: What will FM carry for Budget 2020 presentation?")
Bold measures needed in Budget to achieve projected FY21 growth: Experts
Attaining a GDP growth rate of 6 to 6.5 per cent in 2020-21 as projected by the Economic Survey will be challenging, say experts
 "Bold measures needed in Budget to achieve projected FY21 growth: Experts")
Economic Survey suggests 2020-21 to be a challenging year, fiscally
The survey is critical of govt interventions in the market and shows four instances where govt interventions failed to achieve the desired outcome
 "Economic Survey suggests 2020-21 to be a challenging year, fiscally")
How long will it take to create trust that the Economic Survey argues for
The Survey forecast appears to be on a higher side, which could be aspirational and depends on the Budget proposals.
 "How long will it take to create trust that the Economic Survey argues for")
Economic Survey: Will the FM consider recalibrating the FRBM roadmap?
The Survey forecasts 2020-21 real GDP to grow at 6-6.5%
 "Economic Survey: Will the FM consider recalibrating the FRBM roadmap?")
Relatively cheaper food improved common man's welfare, says Economic Survey
The affordability index has been constructed using the annual earnings of an average industrial worker
 "Relatively cheaper food improved common man's welfare, says Economic Survey")
Analysis should take into account changes in district-level GDP growth
A 10% hike in new firm creation increases district-level GDP growth by 1.8%
 "Analysis should take into account changes in district-level GDP growth")
Subramanian vs Subramanian: Survey debunks critics on new GDP methodology
There have been similar criticisms of the methodology by other experts as well
Economic Survey makes a case for economic freedom; less govt interventions
Retail inflation in onion had crossed 300% in December
 "Economic Survey makes a case for economic freedom; less govt interventions")
Common man bears the cost of wilful default as promoters destroy wealth
Opacity and lack of regulatory compliance is high among such promoters
 "Common man bears the cost of wilful default as promoters destroy wealth")
IBC process needs to speed up; private investment may remain muted
According to the Survey, resolution under IBC has been much higher as compared to other processes.
 "IBC process needs to speed up; private investment may remain muted")
Health index can signal early signs of liquidity risks in NBFC sector
There is a shift in funding sources for NBFCs at present
 "Health index can signal early signs of liquidity risks in NBFC sector")
India must have at least six banks in top 100 global list: Economic Survey
Equity markets also discount PSBs
 "India must have at least six banks in top 100 global list: Economic Survey")
Economic Survey theme: Of lavender blue, Rig Veda and Band Baaja Baaraat
In another insight, the survey has observed that it is much easier to buy a gun than to open a restaurant in India
 "Economic Survey theme: Of lavender blue, Rig Veda and Band Baaja Baaraat")
Ease of doing business in India: Rankings improved, but issues remain
Currently, it takes 60-68 and 88-82 hours in border and documentary compliance for exports and imports, respectively
 "Ease of doing business in India: Rankings improved, but issues remain")
Economic Survey should deal not just with 'Whats' & 'Whys' but also 'Hows'
Survey lessons like exports' importance for growth and jobs, how govt intervention in markets can be harmful, and wealth creation via privatisation should have been imbibed long ago, writes T N Ninan
