Economic Survey 2013: Need to improve resource flow to MSMEs

Last Updated: Wednesday, February 27, 2013, 22:01

Resource flow to Micro, Small and Medium Enterprises (MSMEs) needs to improve considerably along with a strong R&D push for the sector, the Economic Survey said on Wednesday.

Economic Survey 2013: Address fuel supply bottlenecks

Last Updated: Wednesday, February 27, 2013, 21:32

Fuel supply, restructuring debt of the power distribution companies and oil and gas exploration policies need to be addressed immediately to remove hurdles in the energy sector, Economic Survey said.

Economic Survey 2013: Delays in clearances jack up property prices by 40%

Last Updated: Wednesday, February 27, 2013, 21:23

Property prices in India shoot up by 40 percent due to delays in starting of projects, which require 34 procedures to get clearance, taking an average of over six months time and the issue needs to be addressed, according to the Economic Survey.

Economic Survey 2013: Reduction in Survey pages saves Rs 15 lakh for Govt

Last Updated: Wednesday, February 27, 2013, 21:19

"We have curtailed 60 pages. Rough calculation we have saved about Rs 15 lakh. Every expenditure has to be examined very carefully to see if we need it," Chief Economic Advisor to Finance Ministry Raghuram G Rajan said here.

Shares soar on Survey signals; NSE Nifty spurts 36 points

Last Updated: Wednesday, February 27, 2013, 21:13

After overnight hammering, shares made a smart turnaround Wednesday and reacted positively after the Economic Survey projected a fairly upbeat growth outlook of Indian economy as the benchmark CNX Nifty spurted by 36 points at the National Stock Exchange (NSE).

Economic Survey 2013: Plan outlay for health up by 13.9% at Rs 30,477 cr

Last Updated: Wednesday, February 27, 2013, 21:03

Giving priority to the health services sector, the government increased the plan outlay by 13.9 percent to Rs 30,477 crore in financial year 2012-13, Economic Survey on Wednesday said.

Economic Survey: Legal services clock a steady annual growth of 8.2%

Last Updated: Wednesday, February 27, 2013, 20:59

As regards efficiency in the legal framework in settling disputes, India has improved its position from 64th rank in 2011-12 to 59th in 2012-13 with a score of 3.8, it added.

Economic Survey: Rationalise taxes, introduce fair pricing regime on ATF

Last Updated: Wednesday, February 27, 2013, 20:48

"There is need to rationalise the tax regime particularly value added tax on ATF which is in the range of 20-30 percent in most of the states," the Survey said.

Economic Survey: Accommodative monetary policy possible due to easing inflation

Last Updated: Wednesday, February 27, 2013, 20:37

Reserve Bank had cut repo rates by 0.5 percent in April, 2012 and by 0.25 percent in January 2013. Next mid-quarter policy review will be unveiled on March 19.

Economic Survey: Mining sector PSUs post highest rise in net profit in FY12

Last Updated: Wednesday, February 27, 2013, 20:27

However, PSUs operating in manufacturing sector recorded a decline of 22.7 percent to Rs 23,720 crore in their net profit in 2011-12. This was despite a rise of 27.73 percent to Rs 12.10 lakh crore in the turnover during the period, it said.

Economic Survey: IIFCL expected to guarantee bonds of private infra firms

Last Updated: Wednesday, February 27, 2013, 20:24

"The IIFCL is expected to graduate in the 12th Plan from the existing role of a normal lender to that of a catalyst mobilising additional resources for financing of infrastructure," it said.

Eco survey paints a cautiously optimistic picture: Analysts

Last Updated: Wednesday, February 27, 2013, 20:19

The survey, tabled by Finance Minister P Chidambaram in Parliament, projected an optimistic growth rate of 6.1-6.7 percent for the 2013-14 claiming that the downturn is more or less over and economy is looking up.