21 May 2020 The CII-Grant Thornton India Meets Britain tracker, 2020, released against the backdrop of COVID-19 which is devastating economies across the globe, offers a sliver of hope and positivity. Even as both India and UK face significant challenges, the economic ties remain strong. Although the number of Indian…
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A Prudent Combination of Stimulus and Reforms
20 May 2020 The announcements made by the Finance Minister for five days consecutively, added up to a prudent combination of stimulus and reforms. A well thought out package was presented aimed at addressing the short-term challenges posed due to COVID-19 induced crisis, medium term support to business and enterprises…
India has a new paradigm shift -Quantum Technology
19 May 2020 One of the major highlights of the Union Budget 2020 was the announcement of the National Mission on Quantum Technologies & Applications (NM-QTA). A total budget outlay of Rs. 8,000 crore over the next 5 years has been allocated for NM-QTA that will be implemented by the…
Industry Engagement in Managing Disasters
29 May 2020 Varying climatic conditions and changing patterns are making India susceptible to disasters, be it natural or man-made. Floods, cyclones, landslides, and earthquakes, among others, are some of the natural disasters that beset the country from time to time, while unforeseen events such as accidents and now, the…
CII@125: From EITA to IEA
16 May 2020 By the early 1900s, the Engineering and Iron Trades Association (EITA) had made considerable progress as an association. However, it was getting challenging to balance the interests of the manufacturers and the traders within one association. During the decades to India’s Independence, Indian industry led by Indians…
Centre-state co-ordination holds the key for rejuvenation
12 May 2020 The economic and human impact of the coronavirus pandemic has been unprecedented. To curb the spread of the Covid-19 outbreak, India has been in a lockdown since March 25. As majority of economic activity and business operations came to a halt, job losses were evident across the…
Tax tweaks can spur economic revival
12 May 2020 With most economic activities in pause mode due to the Covid-19 contagion, businesses are expected to be hard-hit for at least a few quarters before operations return to normal. The humanitarian crisis is leading to huge demand disruption, which may persist and change habits overnight. The government…
De-stressing the Indian economy – Economic Stimulus Needed Urgently
11 May 2020 The world is grappling with the COVID-19 outbreak. The conundrum, however, has been safeguarding lives while ensuring economic balance. The manufacturing units, supply-value chains, MSMEs, the hospitality sector, and other critical sectors are struggling to find a strong ground to recuperate from the huge economic loss the…
Preserving jobs is key to faster economic recovery as lockdown is lifted
08 May 2020 With jobs intact, the spending capacity and demand will also remain intact. In addition, the government must boost spending on infrastructure and MGNREGA Usually economic growth drives job growth, as jobs and livelihoods are an outcome of economic activity. I believe that the Covid pandemic which has…
Industrial districts, turn the key
06 May 2020 Confederation of Indian Industry (CII) poll of about 100 CEOs conducted on May 4 has revealed that most of them expect the economy to contract this year. As per an earlier poll, one-third of firms expect their revenues to contract more than 40% this year. Almost half…