Durga Rao & Co., Chartered Accountants is a medium sized firm catering to the requirements of various Commercial and Non Commercial Entities for more than 3 decades. Established in the
Business News
Economy News: Stay informed on the latest economy news with Business Standard. Get real-time insights on dynamic GDP growth, Government Policies and global market trends.
Updated: 2 hours 51 min ago
Economic Survey: Rural India drives drop in poverty count over 6 years
Survey says nearly 135 mn have emerged from multidimensional poverty
Economic Survey joins chorus around the risky derivatives segment
Says mkt claim on real economy 'excessively high', warns it may lead to instability
Private capex picked up in FY24, driving growth: Economic Survey FY24
Private gross fixed capital formation must accelerate in machinery, equipment, intellectual property products to create quality jobs
E-commerce as a major building block for Viksit Bharat@2047
The biggest support these enterprises need is in their marketing, access to domestic and international markets, and handholding, wherein e-commerce steps in a big way
GDP growth in FY25 may surpass Economic Survey's prediction: India Inc
Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"
Eco survey advocates traditional climate plan and 3Rs for net-zero target
Mission LiFE seeks to promote sustainable lifestyles through mindful utilisation of resources, minimisation of waste, and adoption of green choices
Hospital revenue per room up over 150% from FY21: Economic Survey
Occupancy rates are over 60 per cent for the third year in a row
Growing goods, services exports to be stiffer challenge: Economic Survey
Cites risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility as reasons
One-third of food inflation came from vegetables in 2023-24: Eco Survey
It became the second biggest contributor after cereals during the year, shows data from the Economic Survey
Rupee falls to new record low tracking the decline in Chinese Yuan
Market participants said that the Indian currency did not depreciate further as the Reserve Bank of India intervened in the foreign exchange market by selling dollars
Private capex in key infra sectors not 'to the extent desired': Eco Survey
International experience shows how initiatives at the sub-national level can facilitate resource mobilisation for infrastructure development, the report noted
Exclude food prices from inflation-targeting framework, suggests Eco Survey
Hardships caused to poor and low-income consumers can be handled through DBT, it says
Consumer durable inflation eases in FY24, says Economic Survey
It also said that in FY22 and FY23, clothing, which accounts for 48 per cent of weightage in the consumer durable index, was a major driver of inflation
Pvt sector's offering to 'toxic mix of habits' substantial: Eco Survey
The private sector's contribution to the 'toxic mix of habits' like social media, screen time and unhealthy food that can undermine public health, productivity and diminish India's economic potential is substantial, the Economic Survey said on Monday.
The survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, also pointed out that 'privileging capital over labour is inimical to long-term corporate growth prospects', referring to reluctance shown by businesses to make investments citing lack of demand visibility.
"For India's working-age population to be gainfully employed, they need skills and good health. Social media, screen time, sedentary habits, and unhealthy food are a lethal mix that can undermine public health and productivity and diminish India's economic potential," it said.
Further, it said, "The private sector's contribution to this toxic mix of habits is substantial, and that is myopic."
Stating that the emerging food consumption habits of Indians are not
Eco Survey bats to promote FDI from China to benefit out of China Plus One
Cites Apple, Foxconn success stories on China Plus One; Calls to strike a balance between importing goods and FDI from China
India's FY25 GDP growth will surpass Economic Survey forecast: Industry
Industry bodies on Monday expressed confidence that India's GDP growth will surpass the 6.5 to 7 per cent forecast by the Economic Survey, and hoped that the upcoming Budget will roll out measures to help unlock the country's growth potential.
Reacting to the Economic Survey 2023-24, tabled in Parliament, Chandrajit Banerjee, Director General, CII, stated that it is "pragmatic" in its approach and offers a futuristic vision to move India boldly towards achieving the developed economy status by 2047.
"The survey is positive about the India growth story, and I am confident that India's GDP growth for FY25 will surpass the forecast given in the Survey and basis certain conditions, it has the potential to be at 8 per cent," CII President Sanjiv Puri said.
Echoing similar sentiments, President of PHD Chamber of Commerce and Industry Sanjeev Agrawal said the Survey conservatively projects a real GDP growth of 6.5-7 per cent, with risks evenly balanced and market expectations on the higher
Economic Survey: DPI brings down KYC costs to Rs 6 from about Rs 1,000
The disclosure on KYC costs comes as the RBI has been cautious about KYC risks and has emphasised well-defined norms for market players
Developed world ditching climate efforts but India in mission mode: Survey
"Even as developed nations prepare to impose a carbon tax at the border on imports coming into their countries laden with carbon, they are ramping up energy demand like never before," said the Survey
India Inc should pick up job creation baton, says Economic Survey
Social media, unhealthy food impacting workers
India can grow at over 7% in the medium term, says Economic Survey
The Survey said the global trade outlook for 2024 remains positive, with merchandise trade expected to pick up after registering a contraction in volumes in 2023