TIA NEWS / Chief Economic Advisor of Government of India, Arvind Subramanian has said there is a need to rationalise fertilizer subsidy and its disbursal should shift to Direct Benefit Transfer Scheme, DBT. Mr Subramanian said, introduction of DBT in LPG and MGNERGA have been a big success. He said it has proved that use … Continue reading Govt for rationalisation of fertilizer subsidy, shifting disbursal to DBT scheme
Economic Survey 2015-16 predicts Haven of Macroeconomic Stability, Resilience and Optimism GDP growth could be 7 to 7.75 % in FY 2016-17 Over 8%Growth Forecast for next two years By TN Ashok / New Delhi Despite the continuing global meltdown, India’s economy will record a steady 7% GDP growth rate for the third year in … Continue reading Indian Economy – Fastest Growing Economy in the World, says Survey
Highlights need for more investment in Human Capital Andalib Akhter / New Delhi: The India’s pre budget Economic Survey 2015-16 tabled in Parliament today shows gloomy picture of educational and health sector in the country and highlighted need for more investment in Human Capital. The Economic Survey says that there is need to focus on … Continue reading Economic Survey shows gloomy picture of education, health sector in India
Global Crude Price Crash Led to Lower Import Costs CAD limits at 1.4 percent of GDP during April-September, 2015-16 Foreign Exchange Reserves stand at 351.5 billion US dollars as on 5th February TN Ashok / AMN / New delhi : The pre budget 2015-16 Economic Survey testifies to strong macroeconomic outlook for the country against … Continue reading Economic Survey: Trade deficit dips to US$ 106.8 bln in April-January 2015-16
AMN / India Recording A Growth of 6.26 % whereas World Milk Production Increases by 3.1 %. Per Capita Availability of Milk in India has Increased from 176 grams per day in 1990-91 to 322 grams per day by 2014-15. Egg and Fish Production has also Registered an Increasing trend over the Years. Production of Fish … Continue reading E Survey: India ranks First in Milk Production, Egg and Fish Production also Increasing
IT Sector Contributes Majorly to FE Earnings By TN Ashok New Delhi: Services sector dominated by the IT and IT enabled services and telecom sector has remained the main driver of the Indian Economy in FY 2015-16 with immense contribution to national and state incomes, trade flows, FDI inflows, and employment, according to the Economic … Continue reading Economic Survey: Services Sector, Key Eco Growth Driver at 66.1% in 2015-16
Industry bodies have welcomed Railway Budget for 2016-17 terming it as growth-oriented. They say the three new freight corridors envisaged by 2019 will help reduce transportation costs. Assocham President Sunil Kanoria said Railway Minister has given a no-tariff hike budget without compromising on capital expenditure for increasing carrying capacity even in a challenging economic environment. … Continue reading Rail Budget growth-oriented, revenue target challenge: Industry
FY 2016-17 Challenging from Fiscal Point By TN Ashok / AMN New Delhi: India’s fiscal deficit target of 3.9 per cent of GDP in FY 2015-16 seems achievable as this assessment is based on the pattern of revenue and expenditure in the first 9 months of the current financial year, The Economic Survey for 2015-16 … Continue reading Fiscal Deficit target of 3.9% for FY 2015-16 achievable–Economic Survey
By TN Ashok / AMN Railway Minister Suresh Prabhakar Prabhu today announced structural Interventions in Railways saying he intended to reorganise the Railway Board that oversees the daily functioning of one of the worlds largest travel network. The Rail board is proposed to be reorganised along business lines and also suitably empower the Railway Board … Continue reading Indian Railway To Reorganise Railway Board
Local Cuisine of Choice will be made available to Passengers By TN Ashok Railway Minister Suresh Prabhakar Prabhu today said that IRCTC will unbundle its catering services by categorizing it into food preparation and food distribution in a phased manner. . Indian Railway will explore the possibility of making mandatory catering services optional in the … Continue reading E-Catering Services to be Extended to 408 A1 and A Class Stations
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