In annual economic report, the government predicted that economic growth would pick up to 6.0% to 6.5% in the fiscal year beginning April 1
The Budget speech will begin at around 11 am today with Sitharaman beginning it with an address to the speaker of Lok Sabha
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
There have been similar criticisms of the methodology by other experts as well
The opportunity to extract patterns actually is enormous
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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
The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI
"The reforms that you see today are an articulation of a cogent vision that has private investments at its heart," Subramanian added
CEA K V Subramanian and DEA Secy Chakraborty both said economy will pick up in Q3 and that fundamentals of the economy remain very strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
This is in-line with most revised estimates by government bodies, research firms and ratings agencies
Our exports share is still very small. Our share of global export trade itself is about 2%, said CEA
Finance Minister Nirmala Sitharaman will meet heads of state-owned and private banks on Monday to discuss the ongoing liquidity crisis in NBFCs
The BJP-led govt announced in the Budget that it will raise a part of its market borrowing by issuing foreign exchange-denominated bonds in overseas markets
The revised fiscal glide path, as per the Survey released on Thursday, envisages achieving fiscal deficit of 3 per cent of GDP by FY 2020-21
CEA suggests cutting down on holidays for Supreme Court, High Courts, using technology such as AI for all courts
The Eco Survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves ahead of Union Budget 2019