In its second acquisition of a public sector undertaking (PSU) within a week, the Tata group has bagged a majority stake in Neelachal Ispat Nigam (NINL), giving a strong push to the government’s privatisation drive, showcasing the interest of marquee private sector investors in the Centre’s assets. The Alternate Mechanism, comprising Union Ministers Nitin […]

The Economic Survey 2021-22, penned by Principal Economic Advisor Sanjeev Sanyal and his team at North Block, not only did away with one of the volumes started by former chief economic advisor Arvind Subramanian, but was also bereft of any big-bang ideas for the government. It is not that ideas given […]

The road network in the country has increased substantially in the current fiscal compared to previous years, the Economic Survey 2021-22 said. It said that there has been a consistent increase in the construction of National Highways/roads since 2013-14 with 13,327 km of roads constructed in 2020-21 as compared to 10,237 […]

GST collection in January crossed Rs 1.38 trillion in January, a growth of 15 per cent over the year-ago period, on pick up in economic activity and anti-evasion measures, the Finance Ministry said on Monday. Total number of GSTR-3B returns filed up to January 30, 2022, is 10.5 million, which includes […]

The Economic Survey has used a mix of satellite imagery, geospatial data and cartographic techniques to showcase the country’s development and urbanisation over the years. A new chapter, ‘Tracking Development through Satellite Images and Cartography’, demonstrates the use of satellite and geo-spatial images to gauge various economic phenomenon such as urbanisation, […]

The 2022 Economic Survey has revealed the intrinsic weakness of the economy and the Narendra Modi government’s “gross mismanagement” on this front, the Congress said on Monday. Congress chief spokesperson Randeep Surjewala termed the survey a “self-serving cheerful assessment” of the economy that raises doubts about what the Budget is set […]

Bharat Petroleum Corporation (BPCL) has reported 48 per cent spurt in consolidated net profit of Rs 2,805.09 crore for the quarter ending December 31, 2021, from Rs 1,900.63 crore reported in the comparable months of the previous financial year. Revenue from operations during the period under review surged 35 per cent […]

The Economic Survey 2021-22 released on Monday revealed that the Indian Railways has substantially grown its freight revenue and volume, but passenger volume and revenue have dipped due to the Covid-19 pandemic in the period under review. While earnings from goods carried stood at Rs 11,5738.4 crore, passengers earnings stood at […]

Among the various factors which may have led to a big increase in corporate tax collection, improved profitability of the corporates, formalisation of the economy and improved compliance due to tax reforms are noteworthy, the Economic Survey for 2021-22 noted. The corporate income tax registered a growth of 90.4 per cent […]

Dedicating a separate section, the Economic Survey 2021 underlined the need to include climate change and sustainable development in policy planning. While it lauded the commitments made by India at COP26 global climate conference, the Survey also made a note about the pace of investment in net-zero emission planning. “India’s climate […]