Economy

          The Economic Survey 2019-2020 was presented on 31st January, 2020 by the Chief Economic Advisor (CEA) Krishnamurthy V Subramanian. The theme for this year's survey was "Integrating old with new through trust in the economy; promoting pro-business policies and creating wealth and job opportunities". The Survey has given a lot of focus on wealth creation.           All the growth parameter is showing sign of slowdown. Here is a summary of how things stand currently at the moment in the economy.            Lets see what the Survey says : Wealth creation benefits all - The survey has given most emphasis on wealth creation and says that it act as as growth multiplier. When wealth is created, its get distributed and everyone benefits from it. Entrepreneurship and wealth creation - The survey calls for creation of wealth through entrepreneurship. Entrepreneurship mostly on the level of wo...

            Union Finance Minister Mrs. Nirmala Sitharaman delivered the longest budget speech of around 2 hours 45 minutes. A lot was expected from this year's budget as the economy is in the midst of a slowdown and a strong budget was necessary to put the economy back on track.             So lets have a look at the key highlights of the budget 2020 : 1. DIRECT TAX  The Government has introduced a new tax regime for those foregoing exemption and deductions. The new tax rate is optional. To simplify tax system more than 70 deductions and exemptions have been removed.                                             TAXABLE INCOME SLAB TAX RATE Upto Rs. 5 lakh Nil Rs. 5 lakh to Rs, 7.5 lakh 10% Rs. 7.5 lakh to Rs. 10 lakh 15% Rs. 10 lakh  ...

            With only few days left for the Finance Minister, Nirmala Sitharaman, who has the huge responsibility to revive the Indian Economy, to present the NDA's seventh budget. The Indian Economy has grown at 4.5% in the second quarter, inflation stands at 7.35% which is five and a half year high and along with that unemployment rate is 6.1%, highest in 45 years. Almost every section of the economy is eagerly waiting for the budget that will be presented on 1st February, 2020 to see what the Government has planned to combat the slowing growth rate.              The main issue concerning the economy is low demand especially in rural segment. Consumption forms almost the 60% of Aggregate Demand and it is low and as a result the output is also getting low. Private consumption has also grown very slowly in the first half of the year, further decreasing the aggregate demand.             ...