What Consumption Expenditure Survey Leaves Unanswered

Why in News? The release of the Household Consumption Expenditure Survey (HCES) for 2022-23 marks a significant milestone after a decade-long hiatus. The factsheet offers valuable insights into present patterns of household consumption, but decisive conclusions should not be made due to changes in methodology, survey design, and item coverage. Also, it is crucial to understand key takeawa

Extension of Bharatmala Phase 1

Context: Phase 1 of the Bharatmala project deadline has been extended by six years, to FY 2027-28.  News: Project Initiation: The first phase of Bharatmala, unveiled in 2017, aimed for completion by 2022. Estimated Cost Approval: The Cabinet Committee on Economic Affairs (CCEA) sanctioned the initial phase with an estimated cost of Rs 5.35 trillion. Cost Overrun: The Public Inves