Tuesday, January 31, 2023
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Economic Survey: Infra projects worth Rs 108 lakh cr in works under NIP, most in transport sector

National Infrastructure Pipeline projected investment of Rs 111 lakh crore for FY20-25. Survey notes India needs continued stepping up of infra investment to sustain high growth rate.

‘Recovery complete’: Economic Survey pegs India’s growth at 6.5% in FY24, and faster thereafter

While global headwinds remain, several factors due in large part to management of key sectors in last few years have placed India in strong position for remaining part of this decade.

Roads & rlys saw unprecedented expansion, says Economic Survey — ‘window for pvt sector to invest’

Capital expenditure on railway infra was ₹2.5 lakh cr in FY23, up by about 29 per cent against previous yr. Construction of highways went up from 6,061 km in FY16 to 10,457 km in FY22.

Economic Survey lauds Modi govt’s Aspirational Districts Programme — ‘good governance’ template

Launched in 2018 to improve living standards in 117 most under-developed districts, survey said health, financial inclusion outcomes better than in many non-aspirational districts.

What Economic Survey says about education: Decline in dropout rate, improved gender parity

Enrolment in schools has improved at all levels except pre-primary. According to report, in 2021-22, 40% of country's schools had internet and 89.3% had electricity.

Women empowerment at core of my government’s schemes, says President Murmu in parliament

'We are seeing the success of Beti Bachao, Beti Padhao,' she said. The President addresses both Houses of Parliament on the first day of the budget session every year.

Capital expenditure target of Rs 7.5 lakh crore for FY23 likely to be met: Economic Survey

Finance Minister raised capex by 35.4% to continue the public investment-led recovery of the pandemic-battered economy. Last year, it stood at Rs 5.5 lakh crore.

Rupee may remain under depreciation pressure, says Economic Survey

This is due to the plateauing of exports and subsequent widening of the current account deficit. On Tuesday, the rupee depreciated 12 paise to 81.64 against the US dollar.

Budget 2023: Modi govt on track on 2022 capex promises, states lag. Punjab, Bihar repeat offenders

Data shows while states had budgeted a total of a little over Rs 7 lakh cr for capital outlay, only Rs 2.58 lakh cr was spent till Nov 2022. Andhra Pradesh was at bottom among big states.

Economic Survey predicts India’s GDP growth will slow down to 6-6.8%

The government's annual Economic Survey report said its baseline scenario for growth for 2023/24 was 6.5%, with nominal growth, which accounts for inflation, forecast at 11%.

On Camera

YourTurn

Rahul Gandhi in Srinagar, where the Bharat Jodo Yatra has culminated | Rahul Gandhi/Twitter

Bharat Jodo Yatra has worked more for Rahul Gandhi. Congress’ walk...

In such a buzz-creating yatra, not one new Congress leader was born. Pramod Mahajan, M. Venkaiah Naidu, Modi emerged from Advani's and Manohar Joshi’s yatras.
File photo of trade unions protesting the Modi government's labor codes in Bhubaneswar | ANI

Economic Survey says govt’s labour codes ‘in tune with market trends’....

Four labour codes, amalgamating 29 laws, were passed in 2019 & 2020. But central, state govts have yet to notify the laws that will cater to around 40 crore unorganised sector workers.

Defence

Representational image | Nuclear submarine INS Chakra | Indian Navy

Budget 2023: Defence eyes big boost for more firepower, submarines, drones

Private sector is also hoping for a high budgetary allocation for defence capital expenditure since it will translate into more acquisition programmes fructifying.

Return of the Muslim: From Modi ‘sermon’ to Pathaan to Bharat...

Most key Hindutva/RSS objectives have been achieved, and Modi & BJP now need social calm, at least till summer of 2024. A de-escalation of some sort is on.