T, AP sessions from March 7 at same place

T, AP sessions from March 7 at same place

Saturday, 28 February 2015 | Omer Farooq | Hyderabad

The Budget Sessions of Telangana and Andhra Pradesh legislatures will begin from March 7 at the same premises and officials apprehend that this will create congestion as the place was not sufficient to meet the requirements of the two Assemblies. AP Assembly will be held in the old building and Telangana...

Growth to top 8% next fiscal and touch double-digit later: Economic Survey

Saturday, 28 February 2015 | PNS | New Delhi

Country’s GDP is likely to grow at 8.1-8.5 per cent next fiscal and accelerate to double-digit levels in the coming years on the back of reforms, falling crude prices and likely cut in interest rates, says the Economic Survey. “In the short run, growth will receive a boost from the cumulative...

Survey boosts Budget hopes, Sensex spurts 473 pts

Saturday, 28 February 2015 | PNS | MUMBAI

Sensex on Friday logged its best daily gain in almost six weeks, spurting 473 points to regain 29000 level after Economic Survey made a strong pitch for big-bang reforms while projecting faster growth and improved fiscal situation. The NSE Nifty index also sprinted by 161 points to close above the 8,800...

Survey makes a case for liberalising FDI in retail

Saturday, 28 February 2015 | PNS | New Delhi

The Economic Survey has made a case for liberalising FDI in retail, saying that it would help bridge investment and infrastructure deficits and improve supply chain management. The Survey stated that India remains an attractive destination for long-term retail investment despite the sector facing many challenges in past few years. It highlighted...

PPP model needs revamp to revive private sector interest

Saturday, 28 February 2015 | PNS | New Delhi

Restructuring of PPP ramework in infrastructure sector would help revive financially stressed projects and attract private investment, the Economic Survey said. Many infrastructure projects are today financially stressed, accounting for almost a third of stressed assets in banks. New projects cannot attract sponsors, as in recent NHAI bids, and banks are...

Survey for more fiscal space to boost investment, growth

Saturday, 28 February 2015 | PNS | New Delhi

The Government must create additional fiscal space and use the resources to boost public investment for promoting growth on sustained basis, says the Economic Survey. “The increase in fiscal space, including that gained from subsidy reductions and higher disinvestment proceeds should be devoted to public investment,” Finance Minister Arun Jaitley said...

Bring local bodies under cooperative federalism, says Survey

Saturday, 28 February 2015 | PNS | New Delhi

After hiking state's revenue share and creating NITI Aayog, the other policy challenge will be to bring cities and other local bodies under the ambit of cooperative and competitive federalism, says the Economic Survey. "..The far-reaching recommendations of the FFC (14th Finance Commission) along with the creation of the NITI Aayog,...

Subsidies worth Rs3.78 lakh crore, yet poorest of poor are not benefitted

Saturday, 28 February 2015 | PNS | New Delhi

Despite Government doling out subsidy to the tune of Rs3,77,616  crore on food, fuel, railway fertiliser and others, only a few people out of the targeted poor are reaping benefits out of it. The subsidy amount is 4.24 per cent of the gross domestic product (GDP). Stating that price subsidies are...

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