Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Finance Minister Shri Arun Jaitley Presents Economic Survey 2015-16 in the parliament today

Budget - Dated:- 26-2-2016 - Says Rates of 8 Per Cent or Higher Expected in the next couple of years as there is Macro-Economic Stability now Economic Survey 2015-16 : with reforms in key areas, there is reduction in Macro-Vulnerability today Indian economy has taken impressive strides with reduction in macro-vulnerability due to reforms in key areas, pursuit of fiscal prudence and focus on price stability. The Economic Survey 2015-16 presented in the Parliament today by the Finance Minister Shr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

in 2015-16, such growth rate of over 7 per cent makes India the fastest growing major economy in the world. It states that India s contribution in the global economy has become much more valuable today as China is rebalancing. The Survey further mentions that the recent growth revival in India is predominantly consumption driven. It says while the growth in services sector has moderated slightly. The acceleration in manufacturing growth has compensated for the lower growth in agriculture sector .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

f GDP seems achievable. This became possible as the Gross Tax Revenue (GTR) targets were achieved, due to improved tax buoyancy and prudent expenditure management, assisted by declining oil prices. The Survey points out that an indication of better fiscal management is that the total expenditure for 2015-16 was estimated at ₹ 17.77 lakh crore which was 5.7 per cent higher than the revised estimates of 2014-15. A growth of 25.5 per cent was envisaged in capital expenditure, reiterating the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

mer price inflation has also declined to about half of what it used to be in earlier years. It says the astute policies and management of inflation by the government through buffer stocking, timely release of cereals and import of pulses had helped in keeping prices of essential commodities under check during 2015-16. The Survey however indicates that the recurrence and rebound in the prices of some essential food items, as experienced in the second half of the year, indicates that we would requ .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d to the policy repo rate the Economic Survey 2015-16 asserts. The Economic Survey points-out that there is urgent need to rationalize agricultural policies including subsidies by making them input-crop and region-neutral to improve productivity in agriculture. It says the adoption of Quality/GM/Pest resistant seeds will be another pathway to improve the productivity in agriculture. The concerns around GM seeds need to be resolved through debate and tests. The Direct Benefit Transfer (DBT) mode .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

pment Refinance Agency (MUDRA) in the banking and insurance sectors. The Survey also points-out as to how measures were taken to mobilize gold for productive purposes, through the Sovereign Gold Bond Scheme and the Gold Monetization Scheme. It, however, stated that the performance of the Scheduled Commercial Banks remained subdued during 2015 and there had been sluggish growth of bank credit. The Survey, however, expects continued good performance by the Industrial, Corporate and Infrastructure .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

taken for allocation of coal and mines blocks. Improvements in Policy for production sharing contracts under NELP and testing requirements along with a Uniform Licensing and Open Acreage Policy etc., in the petroleum sector has been taken up. Tax-free infrastructure bonds have been allowed for rail, roads and irrigation programmes National Investment and Infrastructure Fund (NIIF) to extend equity support to infrastructure Non-Bank Financial Companies (NBFC). More open FDI policy has been adopte .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

us year and it is expected to be 9.2 per cent (constant prices) in 2015-16 as per the advanced estimates. This is due to lower growth in Public Administration, Defence and other Services. There has been a rising trend in FDI equity inflows to the services sector in the first seven months of 2015-16 with FDI inflows growing by 74.7 per cent. The Report, however, points out that there has been sluggishness in India s service exports in the recent months due to global slowdown. The Survey points-ou .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version