Wed, Jan 31, 2018
Based on these estimate, then accordingly the CSO will revise further the GDP and GVA estimate for FY18 as second advance estimate on February 2018.
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Mon, Jan 29, 2018
India's fiscal deficit stands at Rs 6,12,105 crore in just eight months of FY18, overshooting the budgeted estimate (BE) by 112% for the current financial year.
The issue of twin balance-sheet and low private investment due to banks' stressed assets and over-leveraged corporate books hampering the growth prospects.
The Economic Survey 2017-18 today said the telecom sector is going through stress due to a huge debt pile, tariff war and irrational spectrum costs and called for policy measures to minimise over-bidding of assets during auctions.
For understanding the current revenue performance, the survey explained that it requires all the taxes that the GST replaced from an all-India perspective.
"The skewed sex ratio in favor of males led to the identification of 'missing' women. But there may be a meta-preference manifesting itself in fertility stopping rules contingent on the sex of the last child, which notionally creates 'unwanted' girls, estimated at about 21 million," the survey said.
With market boom, many firms have taken advantage of reduced cost of capital by issuing more equity publicly and to utilize them for new investment projects.
The Economic Survey is the ministry's view on the annual economic development of the country, and will set the tone for the Budget 2018, to be unveiled on February 1.
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