Engineering exporters are going through one of the most turbulent and trying times. The engineering sector contributes more than 25% of India’s total merchandise export of $320 billion dollars and is one of the biggest employment generators in the country. Engineering exporters have to compe...
India has hailed the 2021-22 Budget. The stock market greeted it with more than 3,000 points rise in benchmark BSE Sensex in two post-budget trading sessions – something Indian bourses did not witness in years. The industry seems optimistic about the proposed big hikes in capital expenditure...
Budget 2022 was presented by the Union Finance Minister Nirmala Sitharaman on the first day of February. It came not only at a difficult time but also with a trepidation about the likely effect of the policy changes that it might be impregnated with. The budget was placed in the backdrop of a ...
The Indian government, while presenting the Budget 2021, had to focus on the healthcare sector while keeping a keen eye on boosting a troubled economy. Union Finance Minister Nirmala Sitharaman has segregated the health sector allotment under three clusters – prevention, cure and well-being....
The 42nd amendment in the Indian Constitution was enacted by the Indira Gandhi-led Indian National Congress government during the Emergency (June 25, 1975 - 21 March 21, 1977) days. This amendment altered the Preamble and termed India as a socialist and secular country, along with sovereign, d...
Budget 2021 has doubled the allocation for the MSME sector. The allocation has been raised to `15,700 crore from `7,572 crore in the previous fiscal. It has also focused on promoting domestic manufacturing to help the MSMEs. MSMEs have a very big role in the economy and Budget 2021 has helped ...
The Union Budget 2021-22 is being coined as the ‘Infrastructure Budget’ by many experts including Dinesh Kumar Khara, Chairman, State Bank of India. The most striking feature of the Budget has been an increase of 34.5% in capital expenditure which has been pegged at `5.54 lakh crore. The B...
The 2021 Budget of the NDA-led government was placed in challenging times. The global economy is facing recession and the Indian economy got battered due to the subsequent lockdown, which exposed gaps in the supply chain and due to delays in working around the social distancing norms. The...
Industry reactions Hemant KanoriaChairman, Srei Infrastructure Finance Ltd Pandemic had derailed the economy, but the Finance Minister has presented a practical, growth-oriented and capital-intensive budget. The big push provided to the infrastructure sector is very timely...
The Economic Survey 2021 has been tabled in the Parliament. It is prepared by the Chief Economic Advisor of the Ministry of Finance. It is known that the Survey is an economic document of the finance ministry and it discusses the overall economic performance of the concerned financial year. It...