As many as 450 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.28 lakh crore, according to a report by the Ministry of Statistics and Programme Implementation
Budget 2021: Why manufacturing industry expects more incentives this time
Budget 2021 provides an opportunity to harness the capabilities required to implement transformative reforms and build upon the foundations integral for the manufacturing sector to contribute to 25% of the country s GDP by 2025
The manufacturing sector optimistically awaits the announcements in what is deemed to be a budget like never before
Economic growth in India over the years has been propelled by growth in the services sector. Today, the sector contributes the highest to India s GDP. In contrast, the manufacturing sector, despite its higher multiplier effect on employment and growth, has not been able to serve as a powerhouse for the country s growth engines.
If an incentive-based scrappage policy is adopted in the Budget 2021, it shall boost demand for new vehicles while helping the government achieve its targets for reducing carbon emissions
The inclusion of a statement on policy announcements on GST in the budget, of an intent to resolve these tax issues, will not only have a positive impact on the broader economy but also reaffirm confidence in the cooperative federalism model for tax polic
The matter was discussed in the Business Advisory Committee of the Lok Sabha, in which leaders of various parties unanimously agreed to end part one of the session on 13 February