The pre-budget Economic Survey, presented to Parliament a day prior to the General Budget, hoisted the perfect signal and set the stage by highlighting the irony of India’s growth story that while “financial and digital connectivity are surging ahead, basic physical connectivity appears to lag behind” in the country. 

Without imposing any burden on common man by hiking  the passenger fair, the Railway Minister while presenting the Railway Budget 2015-16, outlined his priority by seeking resource mobilization for higher investment, decongestion of heavy haul routes and speeding of trains and project completion, better passenger amenities and safety, and to make railways a preferred mode of transport for masses.  

Our country face the biggest challenge of providing banking facilities and insurance coverage to all. Having access to institutional finance has so far remained a far cry to a vast chunk of rural population.

India is one of the youngest nations in the world with more than 54% of the total population below 25 years of age. Our young people have to be both educated and employable for the jobs of the 21st Century. Yet less than 5% of our potential workforce gets formal skill training to be employable and stay employable. With rural population still forming close to 70% of India’s population, enhancing the employability of rural youth is the key to unlocking India’s demographic dividend.

In this year’s Union Budget, presented by Union Minister of Finance Arun Jaitley, on 28 February, he mentions the steps to address the two major factors critical to agricultural production: soil and water. 

New Delhi: Finance Minister Arun Jaitley presenting the Budget in Lok Sabha has said that the Indian Economy has turned around dramatically in the last nine months with the real GDP growth expected to accelerate to 7.4% making India the fastest growing large economy in the world. (Read in Hindi: आम बजट 2015-16: जेटली ने दिया ‘जोर का झटका’, सेवाकर में बढ़ोतरी से लगेगी ‘चोट’)

New Delhi: India needs to create additional fiscal space in order to ensure macro stability and to create buffers for future economic downturns, says the Economic Survey, tabled in Parliament by the Union Finance Minister Arun Jaitley here.

New Delhi: The year 2014-15 (April-December) witnessed a substantial decline in inflation. (Read in Hindi: बीते साल मुद्रास्फीति में दिखा गिरावट का रुख)

New Delhi: Railway Budget presented in Parliament proposed measures to make Indian Railways prime mover of Indian Economy once again. It seeks resource mobilization for higher investment, decongestion of heavy haul routes and speeding of trains and project delivery, better passenger amenities and safety, and to make railways a preferred mode of transport for masses. (Read in Hindi: रेल बजट 2015-16 : यात्री किराए में कोई वृद्धि नहीं)

The dramatic plunge in the global crude oil price from a high of 111 dollars a barrel in June 2014 to its lowest level of 45 dollars on January 13 awhile, registering nearly 60 per cent tumble in a shot span of a few months was unprecedented in the more than half a century annals of the world’s much-feared commodity cartel, the Organization of Petroleum Exporting Countries (OPEC). With global economic recovery not gaining substantial momentum across the continents to ensure higher energy consumption even at reduced growth prospects, no one is sure as to how far the crude oil price will go down or how long it will take to balance demand-supply mismatch so that prices can regain lost or losing ground.