A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...
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No decision yet on extending PMGKAY beyond Dec: Food subsidy to cross Rs 3 trillion this fiscal -Sandip Das
-Financial Express 2022-23 expenses likely to be the second highest since FY21 The government’s food subsidy expenses in the current fiscal are likely to cross Rs 3.1 trillion, up 50% from the outlay made at the beginning of the year. Sources told FE that the estimated food subsidy expenses in 2022-23 would be the second highest since FY21, when the finance ministry had made a provision of Rs 5.4 trillion, of which Rs...
More »No ‘significant cuts’ expected in Budget Estimate for Central Ministries/Departments -Shishir Sinha
-The Hindu Business Line New accounting mechanism will help govt manage some Savings; Revised Estimate for FY23 to be present in Budget for FY24 Initial indications from Inter-Ministerial meetings on the Budget show no significant cuts in allocations for various Ministries. It will be reflected in Revised Estimate (RE). Still, Finance Ministry could get high Savings thanks to the new accounting mechanism. Inter-Ministerial meetings to finalise Revised Estimate for Fiscal Year 2022-23 and...
More »Fodder price rise: Cattle numbers in western UP fall due to runaway inflation -Sunil Kashyap
-CaravanMagazine.in Not far from Delhi, within the northern capital region, lies a significant part of western Uttar Pradesh. At one time, nearly all rural households in this region were engaged in animal husbandry. Rearing cattle is how most of the area’s women made money—while the men often worked in farms or migrated to urban areas for employment, the women stayed at home. Their day began with washing and feeding the cattle....
More »Inclusion success
-The Hindu Business Line The Centre should build on the success of PMJDY to promote other financial products for the lower sections of society As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes its eighth year, it is becoming increasingly clear that this is a rare State-initiated welfare scheme that has not just met but exceeded its initial promise. That the scheme has made a material difference to financial inclusion is evident...
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