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India’s electricity grid is among world’s largest: Economic Survey India’s power transmission system is emerging as one of the largest unified electricity grids in the world with the inter-regional capability of transferring 1,18,740 megawatts (MW) on one frequency, according to the Economic Survey 2023-24 tabled in the Parliament on Monday.  Until March 31, 2024, transmission systems expanded to 4,85,544 circuit km of transmission lines and 12,51,080 mega volt amp (MVA) of transformation capacity, the Survey noted. The government has accele...
India’s electricity grid is among world’s largest: Economic Survey
India’s electricity grid is among world’s largest: Economic Survey
Source: IANS
2024-07-23 09:42:41 am
2.63 crore houses built for rural poor in last 9 years: Economic Survey As many as 2.63 crore houses have been constructed for the poor in the last nine years under the Pradhan Mantri Gramin Awas Yojana, according to the Economic Survey released on Monday.  “The quality of life in the rural areas has progressed in terms of basic amenities, education, health, and financial inclusion. In terms of basic amenities, 11.57 crore toilets were constructed under the Swachh Bharat Mission - Grameen, while 11.7 crore households were provided with tap water con...
2.63 crore houses built for rural poor in last 9 years: Economic Survey
2.63 crore houses built for rural poor in last 9 years: Economic Survey
Source: IANS
2024-07-23 09:30:24 am
Economic Survey: Non-farm sectors to play important role in job generation  The Economic Survey 2023-24 has brought out the importance of non-farm sectors in the growth trajectory of the Indian economy.   The farm sector always remains high on the political agenda for obvious reasons and hence the non-farm sector often has to take a back seat. However, the Economic Survey 2023-24 notes that the Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce. The Surve...
Economic Survey: Non-farm sectors to play important role in job generation
Economic Survey: Non-farm sectors to play important role in job generation
Source: IANS
2024-07-23 09:05:54 am
India needs to have gradual evolution of financial market: Economic Survey Stressing that enhanced participation of retail investors in the Indian capital market lends stability to it, the Economic Survey 2023-2024 said on Monday that India needs to have an orderly and gradual evolution of the financial market.  Commodity derivatives turnover rose by 87 per cent in FY24, driven by an increase in turnover of options contracts of the energy segment. The number of unique tax IDs registered on the National Stock Exchange (NSE) rose from 2.7 crore in FY19 to 9.2 ...
India needs to have gradual evolution of financial market: Economic Survey
India needs to have gradual evolution of financial market: Economic Survey
Source: IANS
2024-07-23 08:59:18 am
Creating 78.5 lakh jobs annually till 2030 signals Centre’s resolve: Assocham on Economic Survey Terming the Economic Survey 2023-2024 a 'bold' document, leading industry chamber Assocham on Monday said the way it has emphasised the need for creating 78.5 lakh jobs annually till 2030, signals the government's resolve to leverage the fourth global industrial revolution, taking advantage of new-age technologies like Artificial Intelligence (AI).  Calling the Survey a morale-booster India growth story, projecting 6.5-7 per cent economic expansion for the fiscal 2024-25 s...
Creating 78.5 lakh jobs annually till 2030 signals Centre’s resolve: Assocham on Economic Survey
Creating 78.5 lakh jobs annually till 2030 signals Centre’s resolve: Assocham on Economic Survey
Source: IANS
2024-07-23 08:53:46 am
India's Modi faces delicate balancing act in post-election budget Indian Prime Minister Narendra Modi's first post-election budget on Tuesday will seek to lay out an economic vision that balances fiscal prudence with the expectations of disgruntled voters and the demands of his coalition partners. "This budget will decide the direction of our work for the next five years and this will lay the foundation of fulfilling our objective to make India a developed country by 2047," Modi said on Monday ahead of the budget, due to be presented by Fin...
India's Modi faces delicate balancing act in post-election budget
India's Modi faces delicate balancing act in post-election budget
Source: Reuters
2024-07-23 08:41:28 am
Economic Survey links mental health disorders with 'significant productivity losses'  In a first, the economic impact of mental health was discussed in the Economic Survey 2023-24 tabled by the Union Finance and Corporate Affairs Minister Nirmala Sitharaman in Parliament on Monday.  The Survey talks extensively about mental health, its significance, and implications on policy recommendations. It also associated mental health disorders with "significant productivity losses". It is because the condition leads to "absenteeism, decreased productivit...
Economic Survey links mental health disorders with 'significant productivity losses'
Economic Survey links mental health disorders with 'significant productivity losses'
Source: IANS
2024-07-22 05:59:03 pm
Major allocations likely for six guarantees in Telangana`s full budget The Congress government in Telangana may make substantial allocations of funds for implementation of its six guarantees in its first full-fledged Budget for 2024-25 to be presented in the Assembly on July 25.  Deputy Chief Minister Mallu Bhatti Vikramarka, who also holds the finance portfolio, will be making Budget proposals in accordance with the state government’s priorities. Official sources said the Budget size may be more or less Rs 2.75 lakh crore as was proposed in the...
Major allocations likely for six guarantees in Telangana`s full budget
Major allocations likely for six guarantees in Telangana`s full budget
Source: IANS
2024-07-22 05:29:01 pm
Quote on Economic Survey by Dr. Manoranjan Sharma, Chief Economist- Infomerics Ratings Below the Quote on Economic Survey by  Dr. Manoranjan Sharma, Chief Economist- Infomerics Ratings   India’s GDP growth will be 6.5-7 % in FY 25, with risks evenly balanced. India is well-positioned because of its "Mission Mode" approach to overcoming lingering issues The trade deficit was lower in FY24 than in FY23, and the current account deficit for the year is around 0.7 % of GDP.   “The Indian economy is on a strong wicket and stable foo...
Quote on Economic Survey by Dr. Manoranjan Sharma, Chief Economist- Infomerics Ratings
Quote on Economic Survey by Dr. Manoranjan Sharma, Chief Economist- Infomerics Ratings
Source: Infomerics Ratings
2024-07-22 05:28:26 pm
India made significant progress on climate action: Economic Survey Recognising its position as one of the most climate-vulnerable countries, India has made significant progress on environmental protection, according to the Economic Survey 2023-24, tabled in Parliament on Monday.  The document was tabled by Finance Minister Nirmala Sitharaman, a day ahead of the Union Budget presentation. The Survey showed that the country’s energy needs are expected to grow 2 to 2.5 times by 2047. The country has “successfully reduced the emission i...
India made significant progress on climate action: Economic Survey
India made significant progress on climate action: Economic Survey
Source: IANS
2024-07-22 05:21:03 pm
Quote on Economic Survey by Suman Bannerjee, CIO, Hedonova Below the Quote on  Economic Survey by Suman Bannerjee, CIO, Hedonova   This year's Economic Survey highlights India's robust progress in infrastructure, agriculture, and social sectors while addressing fiscal deficits and global economic uncertainties. Its forecasts stress the necessity for targeted funding and strategic reforms to ensure long-term development and resilience. The survey’s insights are expected to significantly influence policy decisions, he...
Quote on Economic Survey by Suman Bannerjee, CIO, Hedonova
Quote on Economic Survey by Suman Bannerjee, CIO, Hedonova
Source: Hedonova
2024-07-22 05:16:37 pm
Farm sector gets boost as Agri Infra Fund mobilises Rs 73,194 crore: Economic Survey The Agriculture Infrastructure Fund (AIF) launched by the Government to spur growth in the farm sector has succeeded in mobilising an investment of Rs 73194 crore, according to the Economic Survey released on Monday.  In addition, the Government has been implementing the Agriculture Marketing Infrastructure (AMI) to improve the extent of storage infrastructure. As of 30th April 2024, 48357 projects were sanctioned for storage infrastructure with Rs 4570 crore released as subsidy, and ...
Farm sector gets boost as Agri Infra Fund mobilises Rs 73,194 crore: Economic Survey
Farm sector gets boost as Agri Infra Fund mobilises Rs 73,194 crore: Economic Survey
Source: IANS
2024-07-22 05:14:12 pm
Budget 2024: What Karnal residents expect from FM Nirmala Sitharaman With Union Finance Minister Nirmala Sitharaman all set to present the Union Budget for FY 24-25 on Tuesday, the people of Karnal in Haryana have high expectations from the PM Modi-led government.     Sardar Parmindar Singh, a trader from Karnal, said, "As a trader, I want to request the government to provide security and safety to our community. Right now, there is no protection for the traders. If something happens, there is no support from the government. On the other hand...
Budget 2024: What Karnal residents expect from FM Nirmala Sitharaman
Budget 2024: What Karnal residents expect from FM Nirmala Sitharaman
Source: IANS
2024-07-22 05:07:09 pm