Chief economic adviser V Anantha Nageswaran estimates India’s growth rate to average 6.5-7% over the medium term despite global challenges. He emphasizes the need for deregulation in various sectors and highlights the importance of private sector contributions and internal strength…
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The Economic Survey for FY25 calls for extensive deregulation to free enterprises from excessive red tape, urging a shift from ‘guilty until proven innocent’ to ‘innocent until proven guilty’ regulatory principles. It advocates for state-led initiatives to improve business conditions,…
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The Economic Survey anticipates a GDP growth of 6.3-6.8% with manufacturing at 6.2%. It highlights progress in government finances and suggests deregulation for faster growth. Inflation should decrease due to good harvests and international trends. Emphasizing AI potential, the Survey…
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Direct Tax code Uion Budget 2025: The news report indicates that the government can bring a new income tax bill in the Budget 2025 session of the Parliament. The new income tax bill is supposed to streamline the current income…
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The government approved a Mutual Credit Guarantee Scheme to enhance credit availability for micro, small, and medium manufacturing sectors, under the Make in India initiative. The scheme provides 60% guarantee coverage for loans up to Rs 100 crore, aiding MSMEs…
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Indian corporate profits have surged to a 15-year high while wages have lagged significantly, as noted in the Economic Survey 2024-25. This disparity between rising corporate profits and stagnant wages raises concerns about income inequality, which could impact economic growth…
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