India was ranked as the second highest steel producing country in 2021 by producing 106.23 MT. China has been the biggest producer of steel, according to the World Steel Association. According to CareEdge Research, India’s steel production and consumption grew by 5.7% and 11.5% respectively, durin...
Minister of State (independent charge) Chandrima Bhattacharya presented the state annual budget in the West Bengal State Assembly on February15, 2023. This is her second budget presentation. She presented a budget of `3.39 lakh crore for FY 2023-24. She focussed on farmers, women, the weak tea secto...
The Economic Survey is presented in both the houses of parliament every year one day before the presentation of the Annual Budget. The survey provides information about the state of the economy with the help of several economic indicators. It also forecasts economic activity for the coming year or y...
The Union Budget 2023-24 has allocated a marginally higher amount in the health sector as compared to the allocation of the 2022-23 Budget in that sector. In 2023-24, Rs. 89,155 crore has been allocated whereas in 2022-23 it was Rs. 86,200 crore. Of this allocation in 23-24, ` 86,175 crore has been ...
Budget 2023-24 addresses the financial constraints of the MSME sectorIt 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. Several policies have also been implemented for t...
The world economy is anticipating inflation and recession. The developed countries are particularly worried about it. The heads of organisations like the International Monetary Fund are categorically pointing out about continuing high price inflation and the high possibility of several economies ent...
The Indian economy has been a growing economy and now it is poised to achieve the level of the fourth and later the third largest economy of the world. Even today, about 45% of its population is directly involved in the agricultural sector alone. As many as 42.3% of the country’s workforce (in 201...
Any annual Budget that the government presents, generally at the end of the financial year, isa record of the government’s estimated or projected incomes and expenditures for the comingfinancial year. The nature of the Budget may vary according to the needs of the economy. Atpresent the Indian eco...
In 2022, the Indian economy faced a lot of headwinds which had originated from internal and external sources. The year started with the threat of the Omicron variant. But it subsided within a few weeks. Russia’s invasion of Ukraine also affected the Indian economy. Later, continuing high inflation...
