News

Rural-to-urban migration stands at 18.9 pc of population: Centre The government on Wednesday revealed recent figures on internal migration which demonstrate that rural-to-urban movement of household members stood at 18.9 per cent of the population, while urban-to-rural migration was 10.2 per cent.   According to Minister of State (Independent Charge), Statistics and Programme Implementation, Rao Inderjit Singh, the information on migration is collected from the Periodic Labour Force Survey (PLFS) conducted by the Ministry during the July 2020&ndash...
Rural-to-urban migration stands at 18.9 pc of population: Centre
Rural-to-urban migration stands at 18.9 pc of population: Centre
Source: IANS
2024-08-08 09:27:50 am
SEBI study warns against intra-day trading risks in equity cash as young traders rise The share of young intra-day traders (age less than 30 years) grew 48 per cent in FY2022-23 as compared to 18 per cent in FY2018-19, a study by markets regulator Securities and Exchange Board of India (SEBI) said on Wednesday, warning against the risks involved with intra-day trading in equity cash segment.  Around one in three individuals who trade in the equity cash segment, now trades intraday. The study also noted a surge of over 300 per cent in the number of individuals participa...
SEBI study warns against intra-day trading risks in equity cash as young traders rise
SEBI study warns against intra-day trading risks in equity cash as young traders rise
Source: IANS
2024-07-25 09:54:19 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
Economic Survey lists six key growth areas for ‘Amrit Kaal’ After a fruitful decade of reforms, the government’s focus must turn to bottom-up reform and the strengthening of the plumbing of governance so that the structural reforms of the last decade yield strong, sustainable, balanced and inclusive growth, said the Economic Survey 2023-2024 on Monday.  In the last 10 years, the government pursued big-ticket reforms focused on restoring the health of the economy, elevating the potential growth by relieving supply-side constraints and str...
Economic Survey lists six key growth areas for ‘Amrit Kaal’
Economic Survey lists six key growth areas for ‘Amrit Kaal’
Source: IANS
2024-07-22 04:59:36 pm
India has well-established infra to attract FDI in renewables, telecom: Economic Survey India has a well-established infrastructure to attract foreign direct investment (FDI) in sectors like greenfield projects such as renewables, digital services such as telecommunications, software and hardware, and consultancy services, the Economic Survey 2023-2024 said on Monday.  Over the medium term, India is focusing on integrating its value chain with that of the West, particularly in sectors like renewable energy and advanced technology, including AI, semiconductors, and next-g...
India has well-established infra to attract FDI in renewables, telecom: Economic Survey
India has well-established infra to attract FDI in renewables, telecom: Economic Survey
Source: IANS
2024-07-22 04:54:59 pm
Centre fuelling rapid infra growth but states need to pitch in too: Economic Survey The Economic Survey released on Monday states that buoyant investment by the Centre has played a pivotal role in funding large-scale infrastructure projects in recent years in highways, seaports, railways and airports but the state governments and private sector need to pitch in to accelerate development.   It highlights that National Highways construction increased by three times from 11.7 km per day in FY14 to 34 km per day by FY24 while capital expenditure on Railways has increased...
Centre fuelling rapid infra growth but states need to pitch in too: Economic Survey
Centre fuelling rapid infra growth but states need to pitch in too: Economic Survey
Source: IANS
2024-07-22 03:19:20 pm
Private capex picks up in FY24; spending in transport, railways, defence to boost growth: Economic Survey Increased spending in sectors such as road transport and highways, railways, defence services, and telecommunications will deliver higher and longer impetuses to growth by addressing logistical bottlenecks and expanding productive capacities, the Economic Survey said on Monday.  The government’s capital expenditure for FY24 stood at Rs 9.5 lakh crore, an increase of 28.2 per cent on a YoY basis, and was 2.8 times the level of FY20. The capital expenditure by private companies...
Private capex picks up in FY24; spending in transport, railways, defence to boost growth: Economic Survey
Private capex picks up in FY24; spending in transport, railways, defence to boost growth: Economic Survey
Source: IANS
2024-07-22 03:12:53 pm
India has 26.52 cr students in schools, 4.33 cr in higher education: Economic Survey India has 26.52 crore students in schools and 4.33 crore in higher education institutions, 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 announcement. According to the Survey, India also has “more than 11 crore learners in skilling institutions”. “These sweeping figures put into perspective the enormity of the challenge and the inherent a...
India has 26.52 cr students in schools, 4.33 cr in higher education: Economic Survey
India has 26.52 cr students in schools, 4.33 cr in higher education: Economic Survey
Source: IANS
2024-07-22 02:54:17 pm
Tech like AI to determine economic prosperity of nations, India takes the lead: Economic Survey With artificial intelligence (AI) taking root in several spheres of economic activity, steering technological choices towards collective welfare is the key and employers owe it to themselves to strike a balance between deploying technology and labour, the Economic Survey said on Monday.  New technologies like AI are emerging as the biggest strategic differentiator determining the economic prosperity of nations. The next big step in the coming years is likely to be towards AI/Machin...
Tech like AI to determine economic prosperity of nations, India takes the lead: Economic Survey
Tech like AI to determine economic prosperity of nations, India takes the lead: Economic Survey
Source: IANS
2024-07-22 02:47:36 pm
Tripartite pact of Centre, states & private sector can push growth above 7 pc: Economic Survey The Indian economy can grow at a rate of 7 per cent plus on a sustained basis in the medium term if the country builds on the structural reforms undertaken over the last decade.  This requires a tripartite compact between the Union Government, state governments and the private sector, according to the Economic Survey tabled in Parliament on Monday. Going forward the government’s focus must turn to bottom-up reform and strengthening the plumbing of governance so that the struc...
Tripartite pact of Centre, states & private sector can push growth above 7 pc: Economic Survey
Tripartite pact of Centre, states & private sector can push growth above 7 pc: Economic Survey
Source: IANS
2024-07-22 02:42:44 pm
Economic Survey sees strong external sector despite global headwinds India’s external sector remained strong amidst ongoing geopolitical headwinds as the country’s forex reserves at the end of March 2024 were sufficient to cover more than 10 months of its projected imports for FY25 and 98 per cent of its external debt, according to the Economic Survey released on Monday.  It also points out that India’s rank in the World Bank’s Logistics Performance Index improved by six places, from 44th in 2018 to 38th in 2023, out of 139 coun...
Economic Survey sees strong external sector despite global headwinds
Economic Survey sees strong external sector despite global headwinds
Source: IANS
2024-07-22 02:38:47 pm
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey More than 34.7 crore Ayushman Bharat cards have been generated, said Finance Minister Nirmala Sitharaman on Monday, while tabling the Economic Survey document in Parliament today, a day ahead of the Union Budget announcement. The scheme has also “covered 7.37 crore hospital admissions in India,” said FM Sitharaman. Launched in 2018, the initiative encompasses two primary components: the establishment of Health and Wellness Centers (HWCs) and the implementation of the Pradhan...
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey
Over 34.7 cr Ayushman Bharat cards generated: Economic Survey
Source: IANS
2024-07-22 02:32:49 pm
Unemployment rate declines to 3.2 pc, job & skill creation top priority: Economic Survey The labour market indicators have improved in the last six years, with the unemployment rate declining to 3.2 per cent in 2022-23, the Economic Survey 2023-2024 said on Monday.  India’s workforce is estimated to be nearly 56.5 crore, of which more than 45 per cent are employed in agriculture, 11.4 per cent in manufacturing, 28.9 per cent in services, and 13 per cent in construction. The Indian economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector to...
Unemployment rate declines to 3.2 pc, job & skill creation top priority: Economic Survey
Unemployment rate declines to 3.2 pc, job & skill creation top priority: Economic Survey
Source: IANS
2024-07-22 02:25:51 pm
Banks, financial sector played stellar role: Economic Survey The Economic Survey released on Monday states that India’s banking and financial sectors have displayed a stellar performance in FY24 in mobilising funds to fuel economic growth with financial inclusion.  “Double-digit and broad-based growth in bank credit, gross and net non-performing assets at multi-year lows, and improvement in bank asset quality highlight the government’s commitment to a healthy and stable banking sector,” according to the survey. It poi...
Banks, financial sector played stellar role: Economic Survey
Banks, financial sector played stellar role: Economic Survey
Source: IANS
2024-07-22 02:12:52 pm
Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25 The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday projects India’s GDP growth rate at 6.5 to 7 per cent for 2024-25 as it sees the economy on a strong wicket.   The survey states that global economic growth will be 3.2 per cent in 2023 as per the April World Economic Outlook. Diverging growth patterns have emerged among countries. The stark difference in the growth performance of countries has been on account of domestic structural issues,...
Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25
Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25
Source: IANS
2024-07-22 02:06:31 pm
Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24 Timely policy interventions by the government and the Reserve Bank of India’s (RBI) price stability measures helped retail inflation stand at 5.4 per cent -- the lowest since the pandemic, the Economic Survey 2023-2024 said on Monday.  During FY22 and FY23, the Covid-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising inflationary pressures globally. According to the Economic Survey, consumer goods and services faced price hikes in India due to in...
Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24
Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24
Source: IANS
2024-07-22 01:59:27 pm
Economic Survey 2023-24: Economy continues to expand, inflation largely under control The Centre on Monday tabled the Economic Survey 2023-2024 in the Lok Sabha.  The survey presented by Finance Minister Nirmala Sitharaman and prepared by the Economic Division under the Ministry of Finance provides a detailed analysis of the economic performance for the fiscal year 2023-24. It says the economy continues to expand which is estimated to have grown 8.2 per cent in real terms in FY24. "In June, a new government took office. The National Democratic Alliance gover...
Economic Survey 2023-24: Economy continues to expand, inflation largely under control
Economic Survey 2023-24: Economy continues to expand, inflation largely under control
Source: IANS
2024-07-22 01:51:40 pm
Indian banking sector continues to improve with better asset quality, high credit growth: survey of FICCI-IBA A survey conducted by industry body FICCI and banking association Indian Banks’ Association (IBA) has showed that the health of the Indian banking sector continues to improve with better asset quality and high credit growth. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking industry, as classified by asset size. India’s economy held relatively well (estimate...
Indian banking sector continues to improve with better asset quality, high credit growth: survey of FICCI-IBA
Indian banking sector continues to improve with better asset quality, high credit growth: survey of FICCI-IBA
Source: Accord Fintech
2024-03-22 11:21:29 am