High inflation eroded purchasing power, hit households’ savings before 2014: Centre

High inflation eroded purchasing power, hit households’ savings before 2014: Centre

Follow Us on Google News New Delhi, April 16 (IANS) As India’s retail inflation hit six-year low in March, the government data showed on Wednesday that average annual inflation between 2004–05 and 2013–14 stood at 8.2 per cent, reflecting a decade marked by considerable volatility in retail prices and households across the country bearing the … Read more

Lowering drug prices result in annual savings of Rs 3,788 crore to patients: Centre

Lowering drug prices result in annual savings of Rs 3,788 crore to patients: Centre

Follow Us on Google News New Delhi, March 18 (IANS) The average price reduction of drugs, due to fixation or refixation of prices, has resulted in estimated annual savings of approximately Rs 3,788 crore to patients, the Parliament was informed on Tuesday. Union Minister of State for Chemicals and Fertilisers, Anupriya Patel said in a … Read more

BJP reels out data on household savings, wealth & equity to refute Congress’s claim

BJP reels out data on household savings, wealth & equity to refute Congress’s claim

New Delhi, Feb 9 (IANS) The BJP has released a factsheet reeling out statistics on household savings and wealth creation in the country to refute the Congress’s claim that under the Modi government real wages have declined and household savings and consumption have fallen while the debt burden and income inequalities are rising. The factsheet … Read more

Tax concessions will accelerate both spending and savings: Economists

Tax concessions will accelerate both spending and savings: Economists

Kolkata, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman’s proposal to raise the minimum tax slab to Rs 12 lakh from Rs 7 lakh in the new regime in addition to Rs 75,000 of the standard deduction for salaried taxpayers will boost both expenditure and savings among the middle-class section of the Indian population, feel … Read more