The rating agency also noted that inflation is likely to decline to 4.3 per cent in FY26 from 4.8 per cent projected by the central bank for the current fiscal
The finance ministry has provided Rs 1,000 crore for the scheme in the current fiscal year
Food prices declined to 8.63% last month from 13.54% in October, according to government data
The three ELI schemes announced in the Budget are yet to get approval from the Union Cabinet and have faced considerable delays
Sachin Gupta, chief rating officer at CARE Ratings, said that the first half of FY25 paints a picture of cautious optimism within India's corporate sector
The data shows higher inflation in rural areas at 5.95 per cent, compared to 4.83 per cent in urban regions
The multilateral funding agency also revised downwards its forecast for the next financial year (FY26) to 7 per cent from 7.2 per cent estimated earlier
In rural India, 17.8 per cent households were indebted to institutional credit agencies against 14.5 per cent households in urban India
Seven states even saw decline, says RBI's 'Handbook of Statistics on Indian States'
NSO launched the first of its kind survey to track the annual capex by the private sector by compiling information on the projected capital investment for the next two years
Currently, the NSO releases the PLFS data for urban areas on a quarterly and yearly basis, while for rural areas it is released only annually
The annual report data also shows that the central government provided a support of Rs 957 crore during FY 24 for the minimum pension
Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months
Number of active contributing subscribers grew by 7.6 per cent to 73.7 million in FY24 from 68.5 million in FY23
The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January
Plans afoot to bring ceiling under ESIC on a par with EPF
The board also approved the rollout of the centralised payment system by Dec 31 which will allow pensioners to withdraw money from any branch of any bank nationwide
An investment share above 30 per cent is considered important for driving economic growth
On the other hand, the output of crude oil (-4.8 per cent) and natural gas (-1.2 per cent) contracted during the month
Saurabh Garg further added that the ministry is also looking for ways to tap alternative data sources, like night lights data and e-commerce prices, for its surveys