Expenditure on Social Services by the Centre and states increased from 7.68 lakh crore in 2014-15 to 13.94 lakh crore in 2018-19 (BE). As a proportion of GDP, the expenditure on social services has registered an increase of more than 1 percentage points during the period from 2014-15 to 2018-19 (BE), from 6.2 per cent in 2014-15 to 7.3 per cent in 2018-19 (BE). … [Read more...] about Economic Survey 2019: Expenditure on social services increased during past five years
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According to the CII-BCG 2017 report, India's media and entertainment industry is estimated to add another seven to eight lakh new jobs over the next five years.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Economic Survey 2019: Media industry to add 7-8 lakh new jobs in next 5 years
To my mind, considering the nature of Indian demographics, staying focussed on saving taxes is a good idea at this point, even though the government may be hoping that you consume more. If you opt for the new option, whereby you stop making those investments that qualify for tax exemptions and tax benefits such as those under Chapter VI-A and Sec 80C – PPF, LIC, ELSS, EPF – and those under Sec 24, i.e., interest on housing loans, and opt for a lower tax bracket, this choice may seem like a good one in the short term, but may be challenging to deal with in the long term. … [Read more...] about Budget 2020’s paradox of choice to taxpayers: to spend or to save?
"The French pharmaceuticals company, which worked a few years ago on a vaccine against SARS, is actively pursuing a similar antidote to the coronavirus. The executive noted that currently 40 percent of such ingredients are made in China and 20 percent in India. This is positive for Sanofi India," said Motilal Oswal Financial Services. … [Read more...] about Sanofi India shares hit all-time high on Q4 numbers; French arm actively pursuing antidote to coronavirus
“The performance of the banking system has improved as ratios declined and credit growth accelerated. However, financial flows to the economy remained constrained because of the decline in the amount of equity finance raised from capital markets and stress in the non-banking finance sector,” the survey noted. … [Read more...] about Economic Survey 2019: Decline in banks’ bad loans to help push capex cycle