BUSINESS ECONOMICS - March 1 - 31, 2023

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Holi: Bharatwasis across the world celebrate the auspicious Holi festival (colour sprinkling festival) symbol of joy, love and harmony. This festival marks the killing of demon, Hiranyakashipu by Lord Narsimha (incarnation of Lord Vishnu) for his cruelty and unethical way of governing.
Economy: Union Budget 2023-24 focus was mainly on increasing the CAPEX by 33% (to ` 10 lakh crore), tax moderation, targeting to lower the fiscal deficit at 5.9% of GDP from 6.8% in 2022-23, aiming for economic growth of 7% while containing the inflation and boosting rural sector (by investing in agriculture, animal husbandry, poultry farming, dairy, fishery, etc.). The agricultural credit target has been increased to ` 20 lakh crore. Capital outlay of government now works out to be almost 3.3 % of GDP.
RBI, in its economic report, states that if most of Union Budget outlay gets utilised, growth could be around 7% in FY24, against estimated growth forecasts for India for 2022-23 and 2023-24 at 6.8% and 6.1%, respectively.

Will lithium reserves change the destiny of J&K

The month of February was not only exceptional for Jammu & Kashmir but for the whole nation as India’s aspirations of becoming a green industrial power got a shot in the arm as much needed lithium resources were found in Salal area of Reasi district in Jammu and Kashmir.

2 mins

West Bengal budget mainly emphasises in social sector

Minister of State (independent charge) Chandrima Bhattacharya presented the state annual budget in the West Bengal State Assembly on February15, 2023.

3 mins

Inward Remittances to India's Rescue

India’s external sector is of some concern. Merchandise exports have not improved in recent months.

6 mins

Economic Survey 2022-23

The Economic Survey is presented in both the houses of parliament every year one day before the presentation of the Annual Budget.

3 mins

Budget disregard for the vulnerable: some reflections

Amid the onslaught of Covid-19 and the Russia-Ukraine war, commoners are reeling under threatening economic conditions.

4 mins

Why you cannot ignore IIP data

When the rest of the world is talking about a recession, the Emerging and Developing Asian economies are expanding/ booming.

5 mins

India's fuel demand to increase further this year

India is the third-largest importer and consumer of oil worldwide and in the upcoming fiscal starting on April 1, India’s gasoline demand is predicted to increase by 4.7%.

2 mins

Budget 2023-24: FM stakes on infra sector to push up growth but rising revenue spent threatens to upset fiscal balance

Budget 2022-23 has been widely hailed for achieving what appeared a difficult exercise considering the uncertain macroeconomic development both at home and abroad.

8 mins

MSME in Budget 2023-24

It is said that the MSME sector is the engine of growth in modern India. That is the reason that every government, in recent times, has tried to address the problems of this sector.

3 mins

Homestay tourism needs governmental support in West Bengal

West Bengal is blessed with a plethora of natural bounty - with the glistening Himalayas in the north to the captivating Bay of Bengal in the south. Tourism can be a major revenue earner for West Bengal.

3 mins

Struggling Indian logistics industry looking forward to the National Logistics Policy

The Indian logistics industry employs over 22 million people, acting as the backbone and connecting thread among multiple industries.

2 mins

2023-24 Health Budget

More emphasis was needed in health infra spending

3 mins

"It will take time for modern wrestling to grow in Nagaland”, says wrestling team coach Khokhwe Kikhwesiil

A small group of four members including two female athletes, represented Nagaland in wrestling during the recently concluded Khelo India Youth Games 2022 held in Madhya Pradesh.

2 mins

Air quality continues to worsen all over the country

Since the launch of the National Clean air Programme (NCAP) in 2019, a number of strategies have been taken at the national level, both for regional and urban areas, to reduce air pollution.

2 mins

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Business Economics, following its credo of “exclusive and comprehensive” coverage, has been one of India’s most popular business magazines. What started as a 12-page tabloid in 1995 has become a magazine with global reach and coverage. 

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