Business, Economy, 31st Jan 2017, News & Stories from India

Tuesday, Apr 16, 2024 | Last Update : 10:52 AM IST

Business Economy 31 Jan 2017

Business, Economy, 31 Jan 2017

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

Subsidies on petroleum and fertilisers have declined during this period. (Representational Image)

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

'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

Survey pointed out inflation is being driven by narrow group of food items in which pulses are major contributor of food inflation in the country. (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

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

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

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

Finance Minister Arun Jaitley. (Photo:FIle)

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

Finance Minister Arun Jaitley. (Photo: Twitter/ANI)

Economic Survey 2017 may recommend UBI

Survey is also expected to lower GDP growth estimate to 6.5 per cent for 2016-17, reports BloombergQuint.

31 Jan 2017 10:58 AM

Central bank now expects the world's third-largest economy to expand 1.4 per cent in the year to March and 1.5 per cent over the following 12 months.

BoJ lifts growth forecasts on global outlook

Despite the more upbeat outlook, the bank kept its monetary-easing measures and inflation projections unchanged.

31 Jan 2017 9:16 AM

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Aakar Patel