Free Press Journal
  • Swiss referendum is canary of debt problem

    The list of top ten countries with the highest debt to GDP ratio as compiled by the International Monetary Fund has three European nations (Greece, Italy and Portugal), and the number one slot belongs to Japan, whose ratio is nearly 240 per cent. Contrary to conventional expectations, these highly indebted countries are not among the poorest nations, or identified as reckless and spendthrift. Of course, there are also other countries such as

  • maharashtra, crop, loan waiver, maharashtra government, croap loan waiver scheme, farmers

    Here is why farmers are agitating

    When Indian economy has grown at an estimated rate of 6.7 per cent in FY-18, there shouldn’t be a cause for complain from any sector of the economy. But when the economy runs largely on one wheel – government expenditure – and the government hides behind the headline GDP number, the ground reality can be vastly different. One sector where unhappiness has turned into public anger is agriculture, though the BJP-led government’s

  • India’s per capita income grows by 8.6% to Rs 1.13 lakh in FY18

    New Delhi: India’s per capita income grew at a slower pace of 8.6 per cent to Rs 1,12,835 during the last fiscal ended March 2018, official data showed today. The per capita net national income in 2016-17 stood at Rs 1,03,870, witnessing a growth of over 10.3 per cent from the preceding fiscal ended March 2016 (at Rs 94,130). “The per capita income at current prices during 2017-18 is estimated to have attained

  • Sensex soars 416 pts on F&O expiry; GDP data eyed

    Mumbai: The BSE Sensex rebounded by over 416 points today to end at a two-week high of 35,322.38 on a flurry of buying in banking, energy and IT stocks amid a firming trend overseas. Covering-up of pending short positions on expiry of the May derivatives contracts and optimistic buying by participants ahead of GDP data added to the momentum, brokers said.

  • India’s GDP growth in Q4 of FY18 seen at 7.4%: Icra

    New Delhi: Rating agency Icra expects GDP growth in January-March 2017-18 at 7.4 per cent on account of good rabi crop harvest and improved corporate earnings, up from 7.2 per cent in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal 2017-18 and provisional annual estimates for the year 2017-18 on May 31.

  • Manufacturing sector will soon own 20% share of GDP

    Mumbai: Union Minister of Commerce and Industry Suresh Prabhu said the contribution of India’s manufacturing sector to the national gross domestic product (GDP) would increase to 20 percent in the coming months. “The contribution of manufacturing sector to the national GDP will rise to as high as 20 percent in the future. Sector-wise work is on, to achieve this.

  • Wrong to compare household and govt budgets: Niti Aayog

    New Delhi : Decrying the economic orthodoxy in India handed down from Europe of cutting fiscal deficits to balance budgets, Niti Aayog Vice Chairman Rajiv Kumar on Sunday called for new definitions to be adopted for government expenditure and described as fallacious the comparisions made between household and national budgets.

  • Higher trade gap pushes up CAD to 2% of GDP

    The widening of the CAD on a y-o-y basis is primarily due to a higher trade deficit which rose to $44.1 billion in the reporting quarter due to a larger increase in merchandise imports relative to exports.

  • India GDP Q4, India Q4 GDP,

    China sets 2018 GDP target at around 6.5 per cent

    Beijing: China today set its GDP growth rate for 2018 at around 6.5 per cent, same as last year, as the world’s second largest economy aims to reduce risks to its financial system from a rapid build-up in debt. The GDP target was announced by Premier Li Keqiang in his annual work report as the country started its parliament session.

  • Sensex drops by 137 points, close at 34,046.94

    Mumbai: The benchmark BSE Sensex dropped by over 137 points today to close at 34,046.94 as global sell-off triggered by US Fed rate hike fears rode roughshod over the positive economic growth data for the third quarter. Banking stocks, particularly state-run were among the biggest laggards on unabated nervous off-loading by participants amid growing concerns over a spate of fraud cases.

  • India GDP Q4, India Q4 GDP,

    ‘No expenditure cut in FY’18 to meet fiscal deficit target’

    New Delhi: The government will not go for an expenditure cut in 2017-18 to meet fiscal deficit target of 3.5 per cent of GDP even as it has breached the level of 113.7 per cent of the target, Expenditure Secretary Ajay Narayan Jha said today.

  • Indian billionaires’ wealth equals 15% of GDP, poor becoming poorer: Report

    New Delhi: Inequality in India is on the rise for the last three decades, so much so that the total wealth of Indian billionaires is 15 percent of the GDP, thanks to the “lopsided” policies of successive governments, Oxfam India said in a report today. It said the wealthiest in India have cornered a huge part of the wealth created in the country through crony capitalism and inheritance, while

  • India harms its demographic dividend

    One would have thought that any government that was keen on improving the lot of its people would have focused on two critical areas – education and healthcare. This would be more crucial when a government constantly talks about improving the demographic dividend that India enjoys.

  • Hospitality industry feels dejected this budget

    The hospitality industry feels dejected and is extremely disappointed with the Union Budget. Tourism contributes 7.5 per cent to India’s overall GDP and hospitality is the backbone of tourism. Hospitality is the single biggest contributor to India’s tourism GDP and its growth or decline or stagnancy directly reflects on the health of tourism in the country.

  • Budget 2018: The spirit is quite willing, but the flesh is terribly weak

    As Budgets go, this budget could mark a watershed. It has all the ingredients India needs. It talks about ways to reduce the time taken for litigation, it seems to address the issue of farmer distress; and it has a genuine concern for improving healthcare. Together they could mark a transformation of the entire country.