03 Feb 2022 The Finance Minister presented a very growth-oriented and transformative budget which will not only strengthen the economic recovery currently underway, but also lay the foundation for bolstering the medium to long term growth potential of the economy. Indian industry welcomes the government’s unwavering commitment towards boosting investments,…
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Budget retains growth focus
03 Feb 2022 The Union Budget 2022-23 was truly a transformative and visionary document, which laid the blueprint for the next 25 years through boosting investments, creating jobs, improving ease of doing business, maintaining tax stability and support to the stressed sectors. The four key priorities outlined in the budget…
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…
Budget must pave way for ambitious decadal growth
21 Jan 2022 India’s economy has seen a sharp rebound after the first two waves of the Covid-19 pandemic and is expected to be the fastest growing major economy this year. It’s time for us to be ambitious and aim to be the fastest growing major economy for at least…
Budget 2022: Infrastructure Investment for future growth
20 Jan 2022 The Union Budget period is a time when we, as a nation, reflect on our achievements and chalk out our path for the coming year. The Centre has so far been able to maintain its financial trajectory with the fiscal deficit at 46.2% of the Budget Estimate…
Electronics: The Fuel for New Age Automobiles
18 Jan 2022 Indian Automotive Industry has seen phenomenal growth and progress in last two decades coupled with intensified use of electronics. This has coincided with huge growth and proliferation of information technology and digitization, as also, triggered by growing concerns around vehicular emissions, safety and impact on environment. Indian…
India Inc.’s growth story – CII’s recommendations for Union Budget 2022 – 23
17 Jan 2022 We have witnessed multiple reforms and bold initiatives by the Government to bring the Indian economy back on track. Some key interventions which stand out includes the announcement of the new PSE policy, which places the private sector at the centre stage; the privatization of Air India,…
Client Experience (CX): Developing Trends and the Future
14 Jan 2022 Increased consumer expectations are making old business models of engagement obsolete and driving new transformations every day. Today, a product or service is expected to add value in a client’s life directly and be aligned to a company’s purpose. Digital has become, therefore, a key differentiator in…
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…
Challenges in Import Duty Rationalization
07 Jan 2022 India’s external sector displayed a strong performance in 2020-21. During April-December of 2021, India’s exports stood at around US$ 299.74 billion, bringing India rather close to the export target of US$ 400 by 2022. Given the propensity of exports to drive growth and create jobs, it is critical…