Crude Oil Crude oil prices has hovered somewhere close to $110a barrel for past one year, however the price dipped below $100 in the recent past and brought a cheer and sigh of relief for several countries. One of the countries with happy face was definitely India, as it is the largest importer of oil to […]
Economic Survey – Facts The pre-budget Economic survey gave a rosy picture indicating the return of happy days for the economy. The GDP growth will take up the momentum to reach somewhere between 6.1% and 6.7% in 2013-14, higher than the current level of 5%. The survey indicated WPI Inflation to fall to 6.2-6.6% by […]
It is a known fact that India is currently ranked as the 10th largest economy in the world. There was much speculation since 2002 about the performance of Indian economy which was expected to be at the dawn of two decade mark of the 21st century. Planning Commission under the chairmanship of Mr. S.P.Gupta submitted […]
Distribution of Funds between the Centre & the States The financial federalism in India works mainly in favor of the Central Government and ensures central government collects heavily than its spending. The government collection is transferred to various states under the head of financial assistance/resource from Central Government. The union budget has huge implications for […]
Indian Budget 2013-14 The finance minister Mr. P Chidambaram recently unveiled a bigger-than-expected outlay for the coming fiscal year in what is known to be one of the most highly anticipated Indian budgets of recent years. Some of the highlights of the budget are elucidated as under: FISCAL DEFICIT The year 2012-13 saw fiscal deficit […]
Global Crisis & India Currently the global economy is undergoing the state of crisis. The recent eurozone second recession coupled with very slow growth in US are a matter of great concern for the growth in future. Amidst such situation, the world is looking up to the emerging economies like that of China, India to […]