As part of the initiatives to mitigate the woes of farmers, the government has decided to write off the loans due from ryots to banks amounting to Rs 13.8 crore. A sum of Rs 30 crore had been earmarked to rehabilitate the sick cooperative societies and undertakings in the Union Territory.

The report titled 'The Competitiveness Roadmap for India@100' is jointly published by the Economic Advisory Council to the Prime Minister (EAC-PM) and the Institute for Competitiveness. It was released by EAC-PM Chairman Bibek Debroy.

V Srinivas, Secretary of Department of Pension and Pensioners' Welfare (DoPPW), was speaking after inaugurating a two-day bankers' awareness programme. Srinivas stressed on providing seamless experience to pensioners for which the DoPPW is working on an Artificial Intelligence/Machine Learning enabled integrated pensioners portal, a statement issued by the personnel ministry said.

The government has no plans as of now to impose any restrictions on exports of rice and there are adequate buffer stocks to meet the domestic requirements, according to an official source.

The government imposed restrictions on overseas sugar sales for the first time in six years when it capped exports at 11.2 million tonnes 2021/22 marketing year ending Sept. 30 to prevent a surge in domestic prices after mills sold record volumes on the global market.

"Clearly, India seems to be enjoying the TINA (there is no alternative) factor, as globally all countries are facing the churn and India seems to be the best placed jurisdiction in terms of growth and inflation outlook in FY23," State Bank of India group chief economic adviser Soumya Kanti Ghosh said in a research report.

India's gross domestic product output is expected to have expanded by an annual 15.7%, with a large possibility of an upward bias because several indicators have shown good progress in the Indian economy, as per the latest SBI report. The progress in the economy is seen despite global spillovers, elevated inflation and some slackening of external demand as geopolitical developments take their toll on world trade.

India seems to be a clear beneficiary in terms of an attractive investment destination as investment opportunities drag for China, stated a research report by State Bank of India (SBI). According to the report, India appears to be emerging as the best option with a positive growth and inflation outlook in the current fiscal.

​At the release of the document, ​ Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said that the country's annual per capita income will be over $10,000 if growth is maintained.