The government will invite leading international jewellery brands like Tiffany and Cartier to start manufacturing in India. This will be a part of the action plan government proposes to take in order to achieve a “quantum jump” in gems and jewellery exports.
Plan and Policy
Plan & Policy
Jai Kisan will be the flavour of prime minister Narendra Modi’s last substantial budget before the 2019 general elections.
The Centre is developing guidelines to effectively implement the Paris agreement on climate change to promote sustainable development in the country, the Economic Survey said on Monday. It said while some programmes have a budget outlay of Rs 132.4 crore, others have an additional financial implication of Rs 364 crore.
The heightened political activity in the capital suggests that a snap Lok Sabha elections may perhaps be imminent. While President Ram Nath Kovind addressing the joint session of Parliament on Monday called for a “sustained debate” on holding simultaneous polls for Lok Sabha and state assemblies, saying all parties need to arrive at a consensus over the issue, prime minister Narendra Modi may have other ideas.
With the BJP going hammer and tongs on the promotion of its achievements, the Union Budget for FY19 may be the most important part of this new matrix.
The number of indirect taxpayers has gone up 50 per cent since the launch of goods and services tax (GST), pointing to better compliance in the new indirect tax regime. The Economic Survey for 2017-18, which analysed the GST data for the first time, said an additional 3.4 million businesses have come under GST with a large number of them voluntarily opting for enrollment.
Sops and incentives could be in store for the farm sector and industries crucial for job creation as finance minister Arun Jaitley unveils Budget 2018 on February 1.
With the Economic Survey calling for wider spread of inclusive growth, the government is set to continue its focus on health and education that supports equitable distribution of wealth.
Road construction has significantly increased on higher public spending and innovative policy measures, but the issue of non-performing assets (NPA) has only worsened over the years with the level of stressed assets in the sector rising to 20.3 per cent at the end of September, 2017.
In a unique bid to highlight the importance of gender equality in nation-building and economic prosperity, the Economic Survey 2017-18 painted itself in pink. The pink picture shows Sikkim shinning as the best performer on gender indicators and Bihar lagging at the bottom.
The survey noted that gender issues were as important as improving ranks in ease of doing business.
Purple prose was the order of the day as the chief economic adviser Arvind Subramanian and his band of economists went over the top with their bombast, highfalutin and phantasmagoric turn of words.
The first breakthrough came with the pink-coloured Economic Survey document itself. The opening clanger was dropped when it said that India must confront the societal metapreference for a son, observing that the adverse sex ratio of females to males has led to 63 million “missing” women.
Markets regulator Sebi today slapped a fine of Rs 25 lakh on Fineotex Chemical Ltd's promoter Sanjay Tibrewala for not adhering to disclosures made in the IPO prospectus and going ahead with a pre-arrangement for subscription of shares through two HNIs.
Sebi had conducted conducted an investigation in the initial public offer (IPO) of Fineotex Chemical to ascertain any possible violation of norms. The company came out with its public issue in 2011.