Annual Survey of Industries (Part II)

Recap – As per MOSPI survey, there are a total of 1.94 lakh factories operating in the country with Rs 43 lakh crore of capital invested (2016-17). Gross value added (GVA) by these factories was Rs 12.7 lakh crore from their operations. Continue reading Annual Survey of Industries (Part II)

Annual Survey of Industries – Government Report (Part I)

Total factories within the country recorded aggregate net profit of Rs 5.4 lakh crore during FY17 as per the annual survey of industries carried out by Ministry of Statistics, Planning and Implementation (MOSPI). The report is based on actual field based survey covering close to 80,000 factories and therefore, comes with a time lag. Although … Continue reading Annual Survey of Industries – Government Report (Part I)
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Efficiency and Efficacy of MGNREGS – The Economic Survey Report

Among the issues covered by the Economic Survey this year are the gains arising out of technological intervention in MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme). The scheme has received even greater push with the technological interventions such as direct benefit transfer (DBT), Aadhar and more recently, Geo-tagging of assets. Even though MGNREGS has generated substantial controversies ever since its launch and continued debate on its benefits, its impact on rural economy cannot be ignored. Here is a look at the scheme based on the economic survey report. Continue reading Efficiency and Efficacy of MGNREGS – The Economic Survey Report

Housing Finance Companies (HFCs) – An Overview

Housing finance companies (HFCs) are facing increasing attention and tightening of regulations, fallout of NBFCs crisis. A turning point has been the default by DHFL, a leading HFC. The crisis being faced by the industry is unprecedented and can lead to fundamental change in their business model because of their inherent disadvantage vis-à-vis banks. But … Continue reading Housing Finance Companies (HFCs) – An Overview
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How Stable is the Financial Market?? – RBI Report

Even though the market remains roiled by instances of default by NBFCs and their impact on other financial institutions, risk faced by the entire financial sector has actually come down. This is as per the financial stability report (FSR) released by RBI a few weeks back. While that looks difficult to believe, it is due … Continue reading How Stable is the Financial Market?? – RBI Report
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Budget 2019-20 – Revenue & Expenditure Analysis (Part II)

Against total receipt of Rs 20.8 lakh crore, government is projected to spend nearly Rs 27.9 lakh crore in FY20. This implies a budget or fiscal deficit of Rs 7.1 lakh crore or 3.3% of GDP. Other than interest payments, broad areas which account for maximum expenditure are Defence, Subsidies and rural & agriculture sector. … Continue reading Budget 2019-20 – Revenue & Expenditure Analysis (Part II)
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Budget 2019-20 – Revenue & Expenditure Analysis (Part I)

The Budget proposed for year 2019-20 projects total expenditure of Rs 27.9 lakh crore against receipt of Rs 20.8 lakh crore. This implies shortfall of Rs 7.1 lakh crore corresponding to 3.3% of GDP. The budget figures have an additional dimension of analysis as they would need to be compared with the figures projected in … Continue reading Budget 2019-20 – Revenue & Expenditure Analysis (Part I)
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Budget 2019-20 – Highlights..

The budget proposal for the year 2019-20, presented in the parliament today, didn’t enthuse the market as seen by the decline in Senses. It does seem to lack tangible proposals and the ones which it had were largely negative such as increase in tax/cess on fuel & gold, increase in tax rates for high income group etc. More importantly, the market expected some specific stimulus such as rebate on investment, specific direction to banks to lend etc to kick start the economy even if it led to higher fiscal deficit. Some of the specific initiatives related to economic and business issues are listed below. Continue reading Budget 2019-20 – Highlights..