Traditional retailers are giving strong competition to organised retailers and the decision to permit foreign retailers to open stores in the country will not affect small players in India, the government said today.

Amid debate over imposing higher taxes on super-rich, the Economic Survey today said efforts should be made to raise revenue by widening tax base and not by increasing the rates

Indian banks have set up over 40,000 ultra-small branches across the country to drive financial inclusion in un-banked and under-banked centres, according to the Economic Survey for 2012-13.

India witnessed a peak power shortage of 9% during the five years ending 2012 when over 50,000 MW new generation capacity was created, Economic Survey said today.

Indian companies raised a total of Rs 2.81 lakh crore in fresh capital from equity and debt markets in the April-December period of 2012.

As the government battles to keep food inflation within manageable limits, the annual Economic Survey of the Finance ministry said that existing price support mechanism, should not be the sold tool to incentivize farming, but instead methods other ...

Open access to consumers especially for 1 Mw and above is yet to take off on a large scale. However, the Economic Survey is completely silent on this aspect, though it does mention that open access at the inter-state level is now fully functional.

Despite the Wholesale and retail Inflation moving in opposite directions, the government today exuded confidence that the headline Wholesale Price Index (WPI) based inflation will ease to the range of 6.2% to 6.6% in March 2013, primarily on the ...

India's financial sector faces certain challenges that hold it back from becoming a preferred destination for global investors even though reforms have made domestic capital market more vibrant and transparent, the Economic Survey said today.

The Economic Survey today suggested the government reprioritise Plan and Non-Plan expenditure in its efforts to contain fiscal deficit at manageable levels.

Government today said 2012 has been a bad year for FDI due to global economic slowdown and steps were being taken to increase its inflow.

As the country faces the prospect of being saddled with record almost 100 million tonnes of foodgrains in the next few months, the government's annual Economic Survey released today said that urgent attention needs to be accorded to efficient food ...

Delays in environment clearances needs to be addressed on a fast-track basis for achieving coal production target of 795 MT during the current five year plan (2012-17), the Economic Survey said today.

India needs "urgent attention" on issues related to infrastructure, trade facilitation, taxes and credit in order to boost the country's exports, said the Economic Survey 2012-13.

The Economic Survey today suggested removal of controls on the "over-regulated" sugar sector in a phased manner as recommended by the Rangarajan committee.

India's tourism sector needs an urgent image makeover with higher investment in infrastructure, through PPP mode to capitalise on opportunities provided overall growth in world tourist arrivals, the Economic Survey said today.

Cargo traffic at ports during the six-month period ended September 2012 grew by just 1.8% to 455.8 million tonne due to decline in shipments handled at major ports, Economic Survey said today.

India has lost about 10% share of the global BPO market in the last five years to destinations like China, the Philippines and Brazil, raising concerns for the $20-billion Indian BPO industry.

New Delhi, Feb 27 (PTI) The country's telecom sector has seen sharp decline in foreign investor interest with FDI plummeting by 96 per cent to USD 70.46 million in April to November 2012 period, the Economic Survey today said.

A proposal is being put in place for providing 100% government funding to developers so as to rescue the highways sector, where there are few takers because of severe equity crunch, Economic survey said today.

The Economic Survey 2012-13 acknowledged that the $100 billion Indian information technology and business process management (IT-BPM) faces some serious competition from many of the developing countries

Government should work towards easing "regulatory and bureaucratic impediments" to improve investment climate in the country, suggested the Economic Survey for 2012-13.

The Economic Survey for 2012-13 has captured the significant changes in the composition of domestic savings over the years and has outlined the required measures to shift investments in gold to other areas.

The Economic Survey today said slippage on fiscal deficit will be restricted to 0.2 percentage point this year as expenditure measures could offset the shortfall in revenue collections

Air India is likely to come out of its precarious financial position this financial year with a positive cash flow, as its performance has improved considerably, the Economic Survey said today.

Amid declining private investment due to high interest rates and policy bottlenecks, India Inc saw sales growth dip by more than half to an average of 11.4% during the second quarter of the current fiscal.

Resource mobilisation in the corporate debt category witnessed a significant decline as just Rs 4,974 crore was garnered through debt issues in the first nine months of the current fiscal, which was not even 10% of the total funds raised during ...

The Survey, tabled by Finance Minister P Chidambaram in Parliament, projected an optimistic growth rate of 6.1-6.7% for the 2013-14 claiming that the downturn is more or less over and economy is looking up.

Amid concerns of possible downgrade of India's credit rating, the Economic Survey today said the government is taking steps to improve interaction with rating agencies to ensure that they make "informed decisions".

The Economic Survey for 2012-13 released on Wednesday said that with moderation in inflation and expected fiscal consolidation there is room for further rate cuts by the Reserve Bank of India (RBI)

Industrial production presents a mixed picture of sluggishness bottoming out as well as continuing for a little longer period, the Economic Survey 2012-13 said today.

Economic advisers in the Finance Ministry today projected India's GDP growth to recover to 6.1-6.7% in 2013-14 from estimated decade-low expansion of five% in the current financial year

With India's show piece oil and gas exploration policy running into disputes, the pre-Budget Economic Survey today called for clarity in the policy as well removing distortions in fuel and natural gas pricing

The ongoing issues in the energy sector, particularly related to pricing, may pull down growth of the overall infrastructure sector, the Economic Survey has warned. It recommended doing away with subsidies through import parity in domestic fuel ...

Reliable and easily accessible financial saving opportunities can help boost total savings and reduce attractiveness of alternatives like gold, the Economic Survey 2012-13 has said.

The over consumption of urea and limited use of phosphatic and potassic (P&K) fertilisers need to be addressed through appropriate price incentives by reducing subsidies to ensure sustainable practises are encouraged, Economic Survey said today.

State-owned enterprises in the mining sector have outperformed by recording the highest increase in their net profit among other industrial public sector companies during the financial year 2011-12, as against the previous year, the Economic Survey ...

Investors have put in more than Rs 1.2 lakh crore in various mutual funds in first nine months of the ongoing financial year compared to cumulative net outflow of nearly Rs 80,000 crore in last two financial years.

After being at the receiving end of public ire, the government did not miss the opportunity of slipping in a brief policy statement on addressing the issue of violence against women in the Economic Survey

Going in tandem with the Rangarajan committee report, the Economic Survey has said that the government is reviewing the production sharing contract (PSC) to clarify the extent to which producers will have the freedom to market the gas

At a time when a number of public private partnership (PPP) projects are in trouble, the ministry of finance has pitched for allowing flexibility so that a contract can be withdrawn and put up for rebid when a private party underperforms

Expressing disappointment over growth slowing to 5% this fiscal, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said that things would look up in next financial year.

Economic Survey growth figures as a "warning bell" as these came down from 9 to 5%, said Arun Jaitley

The cover itself shows that the main author of Economic Survey, 2012-13 is different from the one who penned pre-budget documents for the previous three years

Reason for wide band is wide amount of uncertainty that prevails in both the Indian economy as well as the external world

India not only ranks first in the world in milk production, its per capita milk availability at 290 grams daily is marginally higher than the global average

The pre-Budget Economic Survey for 2012-13, tabled in Parliament today, has exuded confidence that the Indian economy would bounce back to achieve higher growth of around 6.1 to 6.7%, up from the advance estimates of 5% economic growth in the ...

National Advisory Council (NAC) member Aruna Roy has criticised the economic survey calling it mere government rhetoric that signifies little for the unorganised sector who comprise 95% of the workforce in the country

The Economic Survey is both optimistic and sensible

Prudent policy support from fiscal side and in turn monetary policy could leading to a virtuous cycle of recovery