The Union Ministry of Statistics and Programme Implementation has extended the deadline for the 7th Economic Survey for Kerala till March 31.
Officials say the survey will have detailed sector-wise assessment
He said that the 15th Finance Commission in its report for 2020-21 stated that the share of Bihar in the total shareable resource pool of the centre had increased to 10 per cent.
Odisha bore the brunt of global economic slowdown as export of goods and products from the State plunged by around 10 per cent in 2018-19 fiscal.
According to the report, tax buoyancy will remain muted for states. “Considering that the recent slowdown in economic activity is affecting non-GST collections.
It also reiterated the common belief that business houses which are close to political parties, also known as connected firms, get undue advantages.
When it comes to growth in the service sector, AP’s share in Gross State Value Added (GSVA) in 2018-19 stood at 43 per cent. Among 33 States and Union Territories, AP stood at 23rd place.
Besides Wikipedia, the Survey has also relied on data from other private sources such as Bloomberg, ICRA, CMIE, Indian Institute of Management (Bengaluru), Forbes and the BSE.
Telangana is the front runner in achieving 16 Sustainable Development Goals (SDGs), the Economic Survey said.
Chief Economic Adviser K V Subramanian on Friday suggested aggressive disinvestment of Central Public Sector Enterprises (CPSEs) as the move ensures profitability and efficiency.
It said that several advanced economies such as the UK, Germany and Singapore turn out to have their GDPs misestimated when the econometric model is incompletely specified.
PSB credit growth essentially fell in single digits after 2014, ending up at 4.03 per cent in 2019 against 15-28 per cent from 2010-2013.
Up to November in FY 2019-20, the actual realisation of net tax revenue to the Centre has been Rs 7.51 lakh crore, which is 45.5 per cent of BE.
The Drug Price Control Order (DPCO), 2013, actually does more harm than good, it noted.
The Survey noted that the government intervention did not even help much in curbing the spiralling onion prices.