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The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. The Finance Minister had announced a Prime Minister’s Package of five schemes and initiatives to facilitate job and internship opportunities for 4.1 crore youth over a five-year period…
The Shahid Beheshti Port at Chabahar connects Mumbai to Eurasia via the International North South Transport Corridor (INSTC), reducing transport costs and time, leading to a 43% increase in vessel traffic and a 34% rise in container traffic for the financial year 2023-24, according to the Economic Survey released on Friday. Similarly, Sittwe Port in…
Image used for representative purpose only. | Photo Credit: G.N. RAO The country’s higher education system ranks among the largest globally with 4.33 crore students enrolled in 2021-22, a 26.5% increase from 3.42 crore in 2014-15. The Gross Enrolment Ratio (GER) for the 18–23 age group also increased from 23.7% to 28.4% during this same…
Chief Economic Advisor V. Anantha Nageswaran during a press conference on Economic Survey 2024-25, in New Delhi on Friday. | Photo Credit: ANI India’s equity market has rapidly grown particularly after the pandemic, but its debt market remains undercapitalised, according to the Economic Survey for 2024-25 tabled in Parliament on Friday. Corporate bond issuances in India…
The real challenge in school education is to maintain the retention rates for all classes, from primary to higher secondary levels, the Economic Survey 2024-25 said on Friday. Retention rate is the percentage of students who enrol in a school and continue over a specific period of time. “Retention rates stand at 85.4% for primary…
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday (January 31, 2025) noted that while the labour share of GVA (gross value added) shows…
A view of a MSME Industrial unit at Ambattur Industrial Estate in Chennai. | Photo Credit: The Hindu Micro, Small and Medium-scale Enterprises (MSMEs) that employ 23.24 crore people in the country continue to face challenges in the regulatory environment, noted the Economic Survey tabled on Friday (January 31, 2025). “Regulatory compliance burden holds back…
Carpooling at Cognizant in Siruseri, Chennai on August 29, 2018. IT majors lead the way in carpooling. sRide and Quick Ride among several carpooling apps cater to the corporate sector in India. | Photo Credit: The Hindu The Economic Survey 2024-2025 tabled in the Lok Sabha on Friday (January 31, 2025), stated that carpooling could reduce 380 million litres…
Chief Economic Advisor (CEA) V. Anantha Nageswaran addresses the media at National Media Centre, in New Delhi on January 31, 2025 | Photo Credit: Sushil Kumar Verma Chief Economic Advisor (CEA) V. Anantha Nageswaran in the Economic Survey tabled on Friday (January 31, 2025) observed that the Union Government’s indicators for determining fiscal discipline have…
Bank credit has grown at a steady rate in the current financial year and there has been a consistent improvement in the profitability of Scheduled Commercial Banks (SCBs) as reflected in a fall in gross non-performing assets (GNPAs) accompanied by a rise in the capital-to-risk weighted asset ratio (CRAR) according to the Economic Survey 2024-25…
