Daily Archives: February 1, 2023

ECONOMIC SURVEY 2022-23: HIGHLIGHTS

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament today. The highlights of the Survey are as follows: State of the Economy 2022-23: Recovery Complete Recovering from pandemic-induced contraction, Russian-Ukraine conflict and inflation, Indian economy is staging a broad based …

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SUMMARY OF THE ECONOMIC SURVEY 2022-23

India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally. The optimistic growth forecasts stem from a number of positives like the rebound of private consumption given a boost to production activity, higher Capital Expenditure …

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THE FUNDING AND DEMAND FOR MGNREGA

The Economic Survey 2022-23 presented on January 31, a day ahead of the Budget, showed that 6.49 crore households demanded work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Of these, 6.48 crore households were offered employment by the government and 5.7 crore actually availed it. The survey …

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DOMESTIC PHARMA MARKET TO TOUCH $130 BN BY 2030

India’s domestic pharmaceutical market, estimated at $41 billion in 2021, is likely to touch $130 billion by 2030, as per the Economic Survey 2022-23, tabled in Parliament on Tuesday. Highlighting the role of the Indian pharmaceuticals industry globally, the Survey showed the country was ranked third worldwide in terms of …

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EDUCATION IN BUDGETARY ALLOCATIONS

The budgetary allocation for education as a percentage of total expenditure has dropped over the past seven years, from 10.4% to 9.5%, the Economic Survey, 2022-23 says. While the expenditure on social services increased from ₹9,15,500 crore to ₹21,32,059 crore, the share of education within this umbrella category shrank from …

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HEALTH SPENDING INDIA

Almost half of all health spending in India is still paid by patients themselves directly at the point of treatment, though out-of-pocket expenditure has dropped as the government’s share of spending on health went up significantly after 2013-14, the Economic Survey 2022-23 says. The share of government in the total …

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‘AATMANIRBHAR BHARAT’

Identifying the shipbuilding industry as a strategically important industry for its role in energy security, national defence, and the development of the heavy engineering industry, the Economic Survey, 2022-23 noted that it has the potential to increase the contribution of the industry and the services sector to the national GDP. …

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NEW JUDGES FOR SUPREME COURT

The five-member Supreme Court Collegium, led by Chief Justice of India D.Y. Chandrachud, on Tuesday recommended to the government the names of Rajesh Bindal and Aravind Kumar, Chief Justices of the Allahabad and Gujarat High Courts, respectively, for appointment as judges in the top court. The court has seven vacancies …

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MYANMAR-INDIA RELATIONS

Myanmar today remains pessimistic about its future. Exactly two years ago, the military staged yet another coup, snatching power from the elected leaders. It derailed the limited democracy of the previous decade, violating the 2008 constitution which the generals had given to the people. The situation today The period since …

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