Page 16 - Budget 2023 News

Budget likely to push spending to support growth, while lowering deficit

Although the government faces elections in key states this year and a national vote in 2024, the budget is unlikely to offer major relief to households due to fiscal constraints

FM to present Union Budget 2023-24 today; last full budget of Modi govt 2.0

Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament today, the last full Budget of the Modi government in its second term

We shouldn't be mechanical about fiscal deficit targets: CEA Nageswaran

In an exclusive interaction with Arup Roychoudhury and Asit Ranjan Mishra, V A Nageswaran said that budget deficit targets should be solely decided by debt levels are sustainable

Indian firms raise Rs 5.06 trn via equity, debt during Apr-Nov 2022: Survey

According to the survey, overall, India's capital market had a good year in FY23 though global macroeconomic and financial market developments exercised some influence

Steady decline in school dropout rate, increase in enrolment: Eco Survey

The survey stated that the improvement in the number of schools, teachers' availability and facilities in schools is expected to help improve enrolment and reduce dropout

Economic Survey 2022-23: Reforms, capital expenditure push to aid growth

Economy seen growing at 6.5% next fiscal year; 'more steps will attract MNCs to set up base in India'

Govt procurement portal GeM catching up with Amazon, Flipkart: Eco Survey

GeM CEO P K Singh had earlier stated that going by the trend, the numbers may reach Rs 1.80 lakh crore by the end of this fiscal

India needs carefully crafted multi-dimensional mineral policy: Eco Survey

The country has resources of nickel, cobalt, molybdenum and heavy REEs, but further exploration would be required to evaluate the quantities of their reserves

Prompt measures by govt, RBI contained inflation: Economic Survey

A rising phase up to April 2022 when it crested at 7.8 per cent, then a holding pattern at around 7 per cent up to August 2022 and then a decline to around 5 per cent by December 2022

Economic Survey: GDP growth expected to reduce, but govt finances improving

Private investment is picking up, and IT services exports remain resilient

Indian factories growing larger, getting clustered: Economic Survey

Number of persons engaged in larger factories was up 13.7 per cent compared to 4.6 per cent in smaller factories

Economic Survey: Start-up jobs increase 6x even as funding declines

Tracxn data shows that investments in domestic start-ups declined by 38.8% to $25.8 bn in 2022

CAD may reach manageable levels in second half of FY23: Economic Survey

This could be owing to cheaper crude oil, resilient net services exports and buoyant inward remittances

India budget will be ray of hope for world amid economic turmoil: PM Modi

Prime Minister Narendra Modi on Tuesday said amid global economic turmoil, India's budget will attempt to meet the hopes and aspirations of common citizens and be a ray of hope for the world

Economic Survey primer: Here are short notes on key economic policy issues

A few nuggets from the survey - recouping what was lost, and re-energising what had slowed down

Eco Survey projects FY24 GDP growth at 6-6.8%, sees investments picking up

Commodity prices will raise total import bill and add to unfavourable developments in current account balance, it says

From seeker, India now a solution-giver: President Droupadi Murmu

Describing Modi govt as 'decisive', she highlights its achievements - from infra ramp-up to digital boost

India Inc's capex juggernaut on the roll, says Economic Survey 2023

Private capex at Rs 3.3 trillion recovers in first half FY 2023 vs Rs 2.6 trillion in first half of 2022

Public-private synergy set to boost climate-resilient infra: Eco Survey

This also comes as India has been trying to crowd in private investment for infrastructure ever since the onset of Covid-19 in 2020

Eco Survey: FDI, IPOs, simplified rules may accelerate M&As in insurance

The Survey points out that the highly competitive sector is already witnessing M&As as insurers have huge opportunities and volume to co-exist in the space