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By Gautham Pai 10 Feb 2021 Gautham Pai, chairman and managing director, Manipal Technologies, says the Union Budget 2021-22 works in its aim to revive the economy, but failed to address specific issues plaguing the businesses, especially rising logistics costs. Gautham Pai, chairman and managing director, Manipal Technologies Budget 2021 was aimed at reviving an economy that plunged into the deepest recorded slump amid the Covid-19 pandemic and Union Finance Minister Nirmala Sitharaman has done exactly that by encouraging spending more and much more. Keeping the taxes at where it is and funding the requirements through additional borrowing is the right thing to do to revive the economy. This could help bring the expected growth in fiscal 2021 when the economy is expected to bounce back with the highest growth rates for a while now. ....
Union Budget 2021: Vehicle scrappage policy will boost automobile industry, curb pollution issues The auto sector is enthused by the government s move on long-awaited scrappage policy and focus on better road infrastructure FP Staff February 02, 2021 11:54:54 IST Hyundai car factory. Image courtesy Wikimedia Commons The auto sector is enthused by the government s move on long-awaited scrappage policy and focus on better road infrastructure. This also means the used automobile industry in India will be more robust in decades to come, they said. Experts in the sector shared their views with Firstpost: Yogesh Bhatia, Founder, Detel (EV) We appreciate the government s vision of Atmanirabhar Bharat post-unprecedented year of 2020. Many domestic players were badly affected and expecting some strong moves by the government. The th ....