The government has set up a National Land Monetisation Corporation to fast track monetisation of land and non-core assets of public sector entities, the Economic Survey said on Monday. So far, CPSEs have referred 3,400 acres of land and other non-core assets for monetisation from CPSEs including MTNL, BSNL, BPCL, B&R, BEML, HMT Ltd, Instrumentation Ltd. Since, the desired skill set to take on the responsibility of management and monetisation of non-core assets in government is limited, Finance Minister Nirmala Sitharaman in 2021-22 Budget had announced setting up of a Special Purpose Vehicle (SPV), with capacity and expertise, to carry out the monetisation of the land and other non-core assets in an efficient and prudent manner, in line with international best practices. "In pursuance of the Budget announcement, National Land Monetisation Corporation (NLMC) is being incorporated as a 100 per cent Government of India owned entity with an initial authorised share capital of Rs ...
Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL
India's total consumption is estimated to have grown by 7 per cent in FY22 with government consumption being the biggest contributor, the Economic Survey tabled in Parliament on Monday said
The Indian economy is well placed to take on the challenges of 2022-23, suggest macro-economic stability indicators, said Eco Survey which was presented in the Parliament on Monday by Finance Minister
The telecom sector reforms are poised to boost 4G proliferation, infuse liquidity and create an enabling environment for investment into 5G networks, according to Economic Survey 2021-22.
Govt finances to witness consolidation in 2021-22, after uptick in deficit and debt indicators during pandemic year FY21, says Eco Survey
The survey expectations for the next fiscal year are conservative compared to the 9% expansion seen by IMF.
Analysts say the up move seen on Monday is on account of a host of factors, including good corporate results over the past few days, positive global cues and a build-up ahead of Budget 2022
Budget 2022 announcements are catalysts for market trends and they clock a post-Budget rally if it books profit ahead of it. Here're data points that the Street awaits from Economic Survey & Budget
Budget session 2022 of the Parliament beginning today will decide the future course on the Indian economy. It will start with tabling of the Economic Survey that serves as precursor to the Budget
What to expect in the Budget session? What to expect on bank privatisation and subsidy reform? What data points of Economic Survey are markets eyeing? What is Expenditure Budget? All answers here
Finance Minister Nirmala Sitharaman will present the Economic Survey 2021-22 on Monday and the Union Budget on Tuesday
The Personal Data Protection Bill is eagerly awaited and may come up in the Budget session
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy, quite often misses on the GDP forecast, sometimes by a significant margin.
Many of their ideas, such as DBT, diesel deregulation, bad bank, flexible inflation targeting have been launched, some of them partially; others such as UBI, printing more money haven't taken off
The finance ministry is expected to come out with a single volume Economic Survey for 2021-22 projecting a growth of around 9 per cent for the next financial year.
Budget reform is not something the Modi government has shied away from
Successive govts have appointed excellent economists, not because they wanted their advice, but because someone has to prepare the Survey and maybe speak on behalf of the government as a spokesperson.
Before the Union Budget, the govt releases the Economic Survey. It is an annual document that offers a peek into India's economic development over the previous fiscal year. This report explains more
How are traditional distributors competing with big brands? Can investors benefit by putting money in silver? Should Reliance Industries go for de-merger? What is Economic Survey? All answers here