India has attained the fourth position globally in installed wind power capacity

India has attained the fourth position globally in installed wind power capacity. It is after China, US and Germany as a result of various steps in the right direction, the Economic Survey said. With the legal framework in place for the International Solar Alliance (ISA) by Prime Minister and launched Read More …

Economic Survey advocates reforms to unleash economic dynamism and social justice

India needs an evolution in the underlying economic vision across the political spectrum and further reforms are not just a matter of overcoming vested interests that obstruct them.  The Survey lists the some of the challenges that might impede India’s progress. These challenges are classified by the Survey as follows: Read More …

Good fiscal performance by States should be incentivized: Economic Survey 2016-17

The Economic Survey 2016-17 presented in the Parliament today has highlighted the need for fiscal prudence both by the Centre as well as the States in order to maintain overall fiscal health of the economy. The Economic Survey states that the Centre’s Fiscal Responsibility and Budget Management (FRBM) Act, was Read More …

The Economic Survey 2016-17 Basics

The Indian Economy has sustained a macro-economic environment of relatively lower inflation, fiscal discipline and moderate current account deficit coupled with broadly stable rupee-dollar exchange rate. The Economic Survey 2016-17 presented in the Parliament today by the Union Finance Minister states that such a sustenance is despite continuing global sluggishness. Read More …

Economic Survey suggests new body to deal with NPAs

To tackle with the problems of increasing Non-Performing Assets (NPAs) of the banking system and declining credit and investment, the Economic Survey 2016-17 on Tuesday recommended a centralised Public Sector Asset Rehabilitation Agency (PARA) to look at the “largest, most difficult cases, and make politically tough decisions to reduce debt.” Read More …

UBI alternative to State subsidies for poverty alleviation: Economic Survey

UBI is a powerful idea whose time even if not ripe for implementation, is ripe for serious discussion, says the Economic Survey. Recommendations of Economic Survey 2016-17 on UBI: The Economic Survey 2016-17 has recommended Universal Basic Income (UBI) as an alternative to the various subsidy focused social welfare schemes Read More …