As per the World Economic Forum’s Global Gender Gap Report 2022, India ranked 107th in ‘educational attainment’, but ranks more distant in ‘economic participation and opportunity’. This signifies a void in the availability of conducive work environment for women.
"Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale. On the external front, better growth in the US and Europe's incipient recovery will propel India at the mid-year mark," Moody's Analytics said.
State Bank of India's research team is banking hopes on a rising trend in Incremental Capital Output ratio (ICOR), which measures additional unit of capital (investment) needed to produce additional unit of output. ICOR which was 7.5 in FY 12 is now only 3.5 in FY22. India is on a sound footing, it says, while calling the notions of 'Hindu rate of growth' is ill-conceived.
Luckily for India, a part of this two-year period coincided with a post-Covid-19 reopening. Self-sufficiency in food production, a sizeable foreign-exchange war chest and a vast software exports industry helped cushion the commodity and hard-currency shortages that, in various degrees, hobbled the region’s frontier markets: Sri Lanka, Pakistan and Bangladesh.
"Consumption fell for two straight years because of the pandemic. This year, it would rebound by about 5% as restrictions have eased and prices have fallen," said Sudhakar Desai, president of the Indian Vegetable Oil Producers' Association.
Presenting the Finance Bill in the assembly, Bhattacharya said the current exemption period for agricultural income tax ends on March 31. She also said that the state government has taken up a "detailed and convenient" scheme to resolve issues related to arrears of tax to facilitate sales tax payers.
n response to a petition filed by a former employee of HDFC Bank, the controlling authority in Kerala ruled that the bank must include "personal pay" while calculating the petitioner's gratuity and not just his basic pay. This was because the employer had termed the component as "personal pay", not as a "personal allowance" - personal allowances are excluded while calculating gratuity payment.
An ET analysis found that in 2021-22, for all of India's states, over a quarter of their own taxes went into pension bills. Their combined pensions payments rose 11.9% annually since 2013-14, higher than the 10% rise in their own taxes over this period. If all the states flipped to the old defined-benefit pension system, pensions would consume 40.5% of their own tax revenues by 2046-47.
Government's think-tank NITI Aayog has set up a working group on demand and supply projections of crops, livestock, fisheries and agriculture inputs to assess and project demand for 2025-26, 2030-31 and 2035-36, a senior government official said.