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Economic Survey 2013

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Budget 2013: Chidambaram nets big fish
Budgets presented in the run-up to elections, whether in the pre or post-reforms era, have tended to showcase how much the government is doing for the common man.

Union Budget 2013: Shockwaves on the Rich-ter scale, crorepatis clubbed with 10% surcharge blow
P Chidambaram decided to take a leaf out of the Warren Buffett rule book by whacking the wealthy with a rich tax, though he said it was only for the period of a year.

Union Budget 2013: Chidambaram has it covered for insurers
Insurance CEOs are excited about the proposals announced by the finance minister that make it easier to distribute policies.

Slash subsidy, raise prices of diesel and LPG: Economic Survey

PTI | | "Controlling the expenditure on subsidies will be crucial. The domestic prices of petroleum products, particularly diesel and LPG need to be raised," the Survey said.

High crude prices push up subsidy bill: Economic Survey

PTI | | Even as finance minister pulls out all the stops to narrow high fiscal deficit, the subsidy bill will overshoot the target of Rs 1.79 lakh crore in this financial year due to higher crude oil prices.

Economic Survey: Easy money policy by rich nations could fuel inflation

PTI | | Easy money policy of major developed and developing nations could aggravate inflationary expectations in India, cautioned Economic Survey for 2012-13.

Economic Survey against hike in tax rates, calls for widening base

PTI | | Amid debate over imposing higher taxes on super-rich, the Survey said efforts should be made to raise revenue by widening tax base and not by increasing the rates.

Economic Survey: Urgent farm reforms must for achieving 4% growth

PTI | | The farm sector achieved 3.6 per cent growth during the 11th Five-Year Plan (2007-12), falling short of the 4 per cent growth target, although it was much higher than growth of 2.5 and 2.4 per cent during 9th and 10th Plans, the Economic Survey said.

Economic Survey: India suffered peak power shortage of 9% in 2007-12

PTI | | India witnessed a peak power shortage of 9 per cent during the five years ending 2012 when over 50,000 MW new generation capacity was created, Economic Survey said on Wednesday.

FDI in retail: Small shops giving competition to big retailers, Economic Survey says

PTI | | Traditional retailers are giving a strong competition to organised retailers and the decision to permit foreign retailers to open stores in the country will not affect small players in India, the government said on Wednesday.

Economy to grow at 6.1-6.75% in 2013-14: Economic Survey

PTI | | According to the Economic Survey, the Indian economy is likely to grow at 6.1-6.75 per cent in 2013-14. Inflation may decline to 6.2-6.6 per cent by March.

Economic Survey highlights

PTI | | Following are the highlights of the Economic Survey 2012-13 presented in Parliament on Wednesday by finance minister P Chidambaram.

Economic Survey to prescribe steps to arrest declining growth

PTI | | The Economic Survey to be tabled in Parliament on Wednesday is likely to suggest a series of steps to arrest the declining GDP growth, which is estimated to be at the decade-low of 5% in the current fiscal.

BudgetBlogs

A Budget speech you will never hear
Gurcharan Das: India does not owe you cheap diesel, cooking gas or subsidized food. Nor does it owe you free electricity, make-work jobs, loan waivers, or even reservations.

For a radical overhaul of tax
TK Arun: It is time to think beyond legacy systems, and treating dividends as an expense is a starting point.

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