02 Feb 2021 Delivering on her promise of unveiling a ‘Budget like no other’, the Finance Minister announced a raft of prudent measures aimed at rejuvenating government spending towards critical areas of increasing allocation on infrastructure expansion, education, housing and health as India rolls out a vaccine drive to inoculate…
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Game-changer that will help enable growth with inclusion
02 Feb 2021 Finance minister Nirmala Sitharaman has presented the Union Budget 2021-22 amidst extraordinarily difficult times created by the Covid-19 pandemic. Our GDP growth is estimated to witness the largest ever contraction of 7.7 per cent during the present year. Besides, the paucity of fiscal space, constraints within the…
A ‘never before’ budget for ‘never before’ times
02 Feb 2021 Union budget 2021-22 will be a memorable one, being the first budget of the decade, the first digital budget and one coming after an economic contraction. Excellent articulation of the six pillars of health and well-being, infrastructure, inclusive growth, R&D and innovation, minimum government maximum governance and human…
Economic Survey 2020-21 Highlights: Return of Growth
30 Jan 2021 Ever since the world became engulfed in the worst pandemic in a century, one question has loomed large – ‘When will this get over?’ The Economic Survey 2020-21 answers this question for India. The Survey paints a clear picture of the road to recovery. India’s GDP plunged…
An expansionary budget for higher growth
28 Jan 2021 The Budget 2021-22 is being announced under the lingering shadow of the pandemic which has caused economic activity to sink to an unprecedented trough. This has made it difficult for tax collections to cope with the Budgeted number which in turn has limited our fiscal space. No…
Union Budget to Focus on Tax Stability and Simplification
27 Jan 2021 The prompt and decisive relief and reform measures announced by the Government during the past year to manage the impact of Covid-19 pandemic on the industry and overall economy are laudable. The recent improved figures in agricultural production, manufacturing and consumption have boosted industry confidence and there…
Reviving growth: Government needs to do a fine balance in Budget on Feb. 1
25 Jan 2021 With economic activity resuming and the vaccine becoming a reality, the challenge of lives versus livelihoods is largely addressed. The next big challenge facing the government is getting growth back. The government has been fiscally prudent in its Covid interventions, with support to industry coming in the…
15th CII-ITC Sustainability Awards
13 Jan 2021 CII-ITC Centre of Excellence for Sustainable Development (CESD), nurtures companies with a view to enabling them to compete, expand opportunity and excel in the current dynamic business environments. With this objective, the Centre continues to campaign for the adoption of sustainable business practices by Indian companies. Instituted…
Sambhav – Enabling Possibilities
21 Jan 2021 The Confederation of Indian Industry launched the India Business and Disability Network last year to further the cause of inclusion, especially amongst corporates. Launched in partnership with the Employers’ Federation of India (EFI) and ILO – CII Global Business and Disability Network (CII IBDN) is a platform…
Focus Areas for Union Budget 2021-22
20 Jan 2021 The year 2020 will not be easily forgotten as the year that reset all aspects of our lives. The pandemic affected the most important parameters of existence, namely healthcare and the economy. The GDP contracted by 15.7% during April-September 2020, the worst in recent history. In this…