Page 18 - Budget 2023 News

About 11 mn people trained, 2.14 mn placed under PMKVY 2.0: Economic Survey

The Survey also highlighted that the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) provided training to Shramiks (migrant labourers) affected due to Covid-19

MGNREGS work demand back to pre-pandemic level, shows Economic Survey

The share of "works done on individual's land" has increased from 16 per cent of the total completed works in 2015-16, to 73 per cent in 2022-23

Global finance critical to India's climate actions: Economic Survey

'Enhanced initiatives' by developed countries must be in form of finance, technology transfer, capacity-building

Eco survey 2023: Bright prospects under dark clouds with silver linings

The Economic Survey outlines the underlying framework of reforms in India centred on ease of doing business and ease of living

Budget 2023: Experts expect a boost to decarbonisation, energy transition

Issues that need to be addressed include expanding funding for renewable manufacturing, extending PLI to wind and green hydrogen, among others

Economic Survey flags concerns on Crypto, pushes for global regulation

Survey said events such as collapse of crypto exchange FTX have put vulnerabilities of the sector in focus

Green hydrogen crucial for economic development, energy security: Survey

The mission will facilitate demand creation, production, utilisation and export of green hydrogen and mobilisation of over Rs 8 lakh crore of investments by 2030

GST led to high tax buoyancy, augurs well for resource mobilisation: Survey

However, the buoyancy improved to 1.1 after the GST implementation on July 1, 2017

Rollout of 5G services can unleash new economic opportunities: Eco Survey

Telecom reforms and clear policy direction led to the spectrum auction of 2022 garnering the highest-ever bids, the survey observed

Adequate, affordable finance a constraint in climate action: Eco Survey

"India's climate ambitions require resources to be dedicated to the cause of climate change, in addition to, what is needed for the country's development goals," the survey said

Enhanced domestic coal production to replace imports: Economic Survey

Coal production in FY23 is likely to increase to 911 million tonne, about 17 per cent higher compared to the previous year

Entirely dismantle licensing, inspection and compliance regime: Eco Survey

The government, however, imparted a new dimension to these reforms in the last eight years

Promoting int'l trade in rupee to help reduce currency volatility: Survey

International settlement in rupee acquires significance against the backdrop of the US Federal Reserve aggressively hiking the policy rates and its hawkish stand

Prez's address not enough to satisfy poor, jobless: BSP supremo Mayawati

BSP supremo Mayawati on Tuesday said the claims made by President on behalf of the Centre in Parliament are not enough to console people who suffer from poverty, inflation and unemployment

Global economic factors, recessionary fears led to FPI sell-off: Eco Survey

In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted

Finance costs, global demand near-term hurdles for auto sector: Eco Survey

Among structural issues, increase in long-term third-party vehicle insurance premiums has spiked total upfront insurance cost by 10-11%, especially for two-wheelers

PLI scheme to make Indian firms competitive, attract investment: Survey

The strategy behind the scheme is to offer companies incentives on incremental sales from products manufactured in India, over the base year

Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA

Catch all the latest updates on Economic Survey for 2022-23 and Budget 2023-24 here

Demat accounts rise 39% to 106 million in Nov 2022: Economic Survey

Market experts attributed the growth in demat to attractive returns from the equity markets, ease of account opening process and increased financial savings

India set to become one of fastest growing insurance mkts: Economic Survey

Survey says with Ukraine war weighing on Europe, insurance industry growth in emerging markets is likely to outpace that in the developed markets this year, with emerging Asia in the lead