03 Feb 2022 Delivering on the promise of introducing a series of growth-oriented and significant reform initiatives, the Union Budget 2022-23 laid down the roadmap for establishing India as a global force to reckon with as it turns 100 in the year 2047. With a view to provide further fillip…
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Budget will pave the way for economic recovery
03 Feb 2022 The Union Budget, presented by Finance Minister Nirmala Sitharaman on February 1, 2022, has several forward-looking reforms and announcements that are expected to re-energise the growth engines of the economy. Progressive and growth-oriented, this year’s Budget has introduced wide-ranging reforms across sectors focussing on infrastructure, digital economy,…
A transformational Budget for high, sustained growth
03 Feb 2022 India crosses the important milestone of completing 75 years of Independence this year — a watershed moment for the country which makes us reflect on our momentous economic journey so far. It is also an occasion to take steps to fast forward our dream of a developed…
A Budget for Sustained and Inclusive Growth
26 Jan 2022 The Union Budget is being presented at a time when the economy seems to have resumed its upward growth trajectory after the devastation caused by the first and second waves of Covid-19. As per advance estimates, the Indian economy is projected to grow at a rate of…
Union Budget 2022-23: Fostering a Stable Policy Environment
24 Jan 2022 With a week to go before the presentation of the Union Budget, considerable anticipation has started building up among economic players about what would be in store for them on the Budget day. Hence, at a time when the economy is showing distinct signs of recovery and…
The budget must aim at reforms and create new shock absorbers
21 Jan 2022 The Union Budget for 2022-23 is being announced in exceptional circumstances—a nascent economic recovery is gathering pace, investor confidence is on the upswing and Indian stock markets are booming. Yet, a spike in covid infections led by the Omicron variant and a third wave of the pandemic…
Economic Recovery Post the Pandemic
21 Jan 2022 The pandemic affected economies around the world, with China being the only major economy registering positive growth in 2020. The policy support of the governments, vaccinations, a better understanding of the virus and how to deal with it, have all brought growth back. However, the post pandemic…
Budget 2022: An opportunity to accelerate economic revival
13 Jan 2022 The Indian economy has shown great resilience amidst severe pandemic disruption. Guided by the Government’s supportive policies, India is now back on growth track with four consecutive quarters of growth and the feasibility of 9.5% annual growth for this fiscal. At this juncture, India Inc would like…
New Direct Tax Dispute Resolution Scheme
11 Jan 2022 As per the Receipts Budget 2021-22, the direct tax disputed amount as on 31st March 2020 stands at INR 8.8 lakh crores. While a majority (78.6%) of the cases are locked in litigation at Commissioner (Appeals) level, a huge amount is also locked at Income Tax Appellate Tribunal…
CII Global Economic Policy Summit 2021 – Rebuilding Economies
16 Nov 2021 The COVID pandemic is an unprecedented event in the history of the modern world. It has left an indelible mark on economies around the globe and challenged their resilience. It has impacted geo-politics, global trade and perhaps globalisation itself. On a positive note, the pandemic has placed…