Page 18 - Latest Updates on Economic Survey
Pace of road construction less than half that of 2018-19: Economic Survey
Per-day construction drops from 29.7 km in FY19 to 12.7 km in first six months of current fiscal
 "Pace of road construction less than half that of 2018-19: Economic Survey")
Economic Survey: IBC reduces resolution time to 340 days from 4.3 years
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, provides for market-linked and time-bound resolution of stressed assets
 "Economic Survey: IBC reduces resolution time to 340 days from 4.3 years")
Cut in housing prices can clean up banks' balance sheets: Economic Survey
Pitching for correction in property prices, the survey said that housing prices are ruling at a high level, even as the growth in rates has been muted since 2015-16
 "Cut in housing prices can clean up banks' balance sheets: Economic Survey")
Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey
According to the Survey, promoters at the helm of defaulting firms pledge almost 50 per cent of their shareholding to lenders on average
 "Citizen suffers as wilful defaults take toll on welfare schemes: Eco Survey")
Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study
Calls for unhindered access to capital for start-ups, govt support in the form of buyback arrangements or schemes to incentivise investors
 "Space sector can hit $50 bn by 2024, needs policy support: Antrix-PwC study")
India must focus on network products to export like China: Economic Survey
Among the major Asian countries, India and Indonesia are the only ones with a trade deficit in such products
 "India must focus on network products to export like China: Economic Survey")
Fiscal deficit hits 132% of estimate till Dec on slow revenue collection
The government aims to restrict the gap at 3.3 per cent of the GDP or Rs 7,03,760 crore in the year ending March 2020
 "Fiscal deficit hits 132% of estimate till Dec on slow revenue collection")
Economic Survey: New firm creation higher in services sector than mfg, agri
The survey also said that there is a need to invest in ramping up India's statistical infrastructure. It also said that India has made impressive improvements in several social development indicators
 "Economic Survey: New firm creation higher in services sector than mfg, agri")
Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
 "Eco Survey sees growth at 6.5% in FY21, calls for easing of deficit target")
Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs
A sudden payment default without any prior warning by Infrastructure Leasing and Financial Services (IL&FS) in August 2018 had triggered panic and caused liquidity crisis in the NBFC sector
 "Economic Survey launches 'Health Score' to detect liquidity issues in NBFCs")
Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down
Economic Survey for 2019-20 was tabled in Parliament on Friday and projected the country's gross domestic product (GDP) to grow between 6 - 6.5 per cent in financial 2020-21 (FY21)
 "Top headlines: Eco Survey 2019-20, Wipro's Abidali Neemuchwala steps down")
Eco Survey flags disproportionate dwarfism of banks, calls to be efficient
The Economic Survey 2019-20 tabled in Parliament by Finance Minister Nirmala Sitharaman noted that despite nationalisation a significant portion of the poor remained unbanked till 2014
 "Eco Survey flags disproportionate dwarfism of banks, calls to be efficient")
Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2
Net profit for the manufacturing sector contracted in Q1 (June quarter) of 2019-20, mainly due to a production slowdown, it added
 "Economic Survey: Sales of over 1.7k mfg firms contracted by 7.7% in Q2")
Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey
Two-thirds of the pipeline is already firmed up; projects of certain states likely to be added to in due course
 "Pvt sector share in National Infra Pipeline to hit 30% by 2025: Eco Survey")
Economic Survey 2020: Need to address rising food bill, revisit PDS rates
The food subsidy bill has increased from Rs 1,13,171.2 crore in 2014-15 to Rs 1,71,127.5 crore in 2018-19, it said adding that the reasons for widening of the food subsidy have been many
 "Economic Survey 2020: Need to address rising food bill, revisit PDS rates")
Economic Survey: 5,151 smart city projects at various levels of execution
On Pradhan Mantri Awas Yojna-Urban (PMAY-U) programme, the Survey said the scheme was launched in June, 2015 to provide "pucca" house with basic amenities to all eligible urban poor
 "Economic Survey: 5,151 smart city projects at various levels of execution")
Economic survey: Slowdown bottomed out, uptick from here onwards, says CEA
The Economic Survey 2019-20, prepared by a team lead by Subramanian, has projected the GDP to expand in the range of 6-6.5 per cent during 2020-21
Govt must support pro-business policies to be a $5-trn economy: Eco Survey
The survey said the exponential rise in India's GDP and GDP per capita post liberalisation coincides with wealth generation in the stock market
 "Govt must support pro-business policies to be a $5-trn economy: Eco Survey")
Wealth creation to Thalinomics: All you must know about Economic Survey '20
The overarching theme of the Economic Survey 2019-20 is creation of wealth over time and the implementation of policies that act as enablers in creation of this wealth
GDP growth neither over nor underestimated, data woes baseless: Eco Survey
The Economic Survey tabled in Parliament on Friday said the level and growth of a country's GDP informs several critical policy initiatives as it is a barometer of the economy's size and health
 "GDP growth neither over nor underestimated, data woes baseless: Eco Survey")
