Amid debate over imposing higher taxes on super-rich, the Economic Survey today said efforts should be made to raise revenue by widening tax base and not by increasing the rates.

Cautioning that global developments would continue to impact India’s growth story, the economic survey today pegged the growth rate for 2013-14 at a conservative level of 6.1-6.7 per cent.

Following are the highlights of the Economy Survey 2011-12, a report card of the Indian economic scenario for current fiscal, presented by Finance Minister Pranab Mukherjee in Lok Sabha on Thursday

The National Telecom Policy (NTP) 2012, under which government has proposed free roaming throughout the country, is likely to be in place by June, said the Economic Survey 2011-12.

"Draft of the pol

India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed on Thursday.

"India has emerged as the fou

The much-talked about FDI in multi-brand retail could come into effect in a 'phased' manner, beginning from metropolitan cities, the Economic Survey 2011-12 said on Thursday.

"This (FDI in multi-bra

Though Indian banks' exposure to the troubled euro zone is negligible, funding pressure could impact them, Economic Survey 2011-12 today said.

"The recent regulatory prescriptions for European banks

Disappointing performance of the economy in this fiscal should be a 'wake-up call' for the government, the Economic Survey said, but it expressed the hope that growth rate would rebound to 7.6 per cen