09 Jul 2019 The Union Budget 2019-20, the first Budget of the newly elected government, has been announced at a time when our macro-economic milieu continues to be domestically and globally challenging. The ongoing economic slowdown and the accompanying worries — sluggish industrial and manufacturing production, subdued consumption and tepid…
Browsing CategoryDG’s Journal
The focus on fiscal prudence is welcome
07 Jul 2019 The first Budget of the new government, slated for the remaining nine months of this fiscal year, had numerous challenges to address, both on the domestic front and the external front. With a tight adherence to fiscal prudence norms, Finance Minister Nirmala Sitharaman has taken firm steps…
Budget should focus on reviving demand
26 Jun 2019 The first Union Budget of the Narendra Modi government’s second term is widely expected to announce fresh measures to reinvigorate demand drivers, given that the slowdown in growth is becoming firmly entrenched. With economic growth hitting a five-year low of 6.8 per cent in 2019-20, the need…
Reform Agenda for the New Government
06 Jun 2019 As the National Democratic Alliance was re-elected for a second term with a sweeping majority, it is time for the new Government to action a long-term reform agenda. The Government introduced some major reforms during the past few years, such as the landmark Goods and Services Tax,…
World Environment Day 2019: Industry Efforts for Sustainable Development
04 Jun 2019 World Environment Day is celebrated every year on 5 June and it is the United Nation’s main channel for creating awareness and joint action to protect Mother Earth. This year, the focus is on air pollution, which is a matter of grave concern for all. Approximately 7…
Competitiveness of India Inc: India@75 – Forging Ahead
03 Jun 2019 Development as a whole – whether societal or industrial – has always been at the forefront of everything that we do at CII. In 2007, we began work on India@75 for achieving the common vision of an inclusively developed India by 2022 that would be characterized by…
India Must Leverage US-India Ties to Expand its Own Trade Profile
30 May 2019 The current pattern of international trade, which over the past few decades has coalesced around the concept of global value chains (GVCs), is under strain. Changes in technology and increased costs in key manufacturing nations, such as China, are leading to a pull-back from dispersed and specialised…
State Level Reforms Critical for Growth
24 May 2019 Over the last few years, Central and State Governments have undertaken a slew of reforms to boost investments and growth. Key challenges for India are sustaining the high growth rates, alleviating poverty and ensuring balanced growth. As India enjoys a federal government system with many areas such…
Corporate Governance: Adopting the Golden Rules
14 May 2019 As corporates expand their global footprint and seek foreign investments and markets, safeguarding the interests of different stakeholders becomes critically important. To build and sustain investor confidence, corporates need to have transparent and good governance practices in place because mismanagement and false projection can cause immense financial…
Participating in Electronics GVC
09 May 2019 India’s expanding income levels have translated into a growing trade deficit, with imports of electronic products as a key component—electronics imports (under HS code 85) grew to $48.3 billion in 2017-18 (10% of total imports), jumping $10 billion over the previous year and at third rank in…