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Economic survey 2016-17 has proposed the creation of a public sector asset rehabilitation agency (PARA) to resolve such large and complex cases.

Large write-offs needed to restore India Inc's viability

Some of the obstacles currently plaguing loan resolution according to the survey is viability issues.

1 Feb 2017 3:42 AM IST

Chief Economic Advisor Arvind Subramanian

Agencies show dual standards for India

The Survey questioned the methodology used by the rating agencies.

1 Feb 2017 3:38 AM IST

Representational image.

FY16 GDP estimates revised to 7.9 pc from 7.6 pc

Economic Survey 2017 has lowered GDP growth forecast for current fiscal 2016-17 to 6.5 per cent.

31 Jan 2017 6:24 PM IST

The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30.

Sensex slumps 27,656 points ahead of budget

The Sensex closed down 193.60 points its lowest closing since January 24.

31 Jan 2017 5:07 PM IST

Private traders have imported 1.72 million tonne (MT) wheat so far and total inbound shipments are expected to cross 2 MT this year.

Subsidy bill up 5 per cent in Apr-Nov 2016: Survey

Subsidy bill was Rs 2,41,856.58 crore for 2015-16 (revised estimates).

31 Jan 2017 4:47 PM IST

Revenue Secretary Hasmukh Adhia

'Operation Clean Money to track large deposits'

Revenue Secretary Hasmukh Adhia says govt will question taxpayers who deposited over Rs 5 lakh post-note ban.

31 Jan 2017 3:43 PM IST

Indias retail inflation cooled to a two-year low in November after demonetisation. (Photo: AP/File)

Inflation to be below 5 per cent in FY17: Survey

Indian economy has continued to consolidate gains achieved in restoring macroeconomic stability.

31 Jan 2017 3:10 PM IST

Nasscom, telecom operators, and NITI Aayog have come together in creating a dedicated helpline - 14444 - for addressing all queries on digitial payments. (Representational image)

UBI to replace social welfare schemes: Survey

Survey estimated that a UBI that reduces poverty to 0.5 per cent would cost 4-5 per cent of GDP.

31 Jan 2017 2:59 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

Economic survey stresses on establishing PARA

The agency will take care of the most difficult cases and politically decisions on reducing the debt.

31 Jan 2017 2:53 PM IST

Sensex opened higher at 26,756.66.

Sensex down 68 points during mid-session

Economic Survey 2016-17, which was tabled in Parliament today, positively influenced market sentiment.

31 Jan 2017 1:49 PM IST

The Budget 2017-18 is likely to announce setting up of Rail Development Authority, a regulatory authority for the public transporter.

Rail Budget to earmark Rs 20,000 cr for safety

Jaitley will discard separate Rail Budget and instead make it part of the General Budget.

31 Jan 2017 1:44 PM IST

Finance Minister Arun Jaitley

Economic Survey 2017 lowers FY17 GDP at 6.5 pc

Finance Minister Arun Jaitley presents Survey that predicts GDP will rebound to 6.75-7.5 per cent in FY18.

31 Jan 2017 12:59 PM IST