The GST journey has been transformative
06 Jul 2020 The historical Goods and Services Tax (GST) regime was rolled out on July 1, 2017, with the expectation that multiple central and state taxes would be subsumed in one tax, with the tagline of “One Nation One Tax”. As it completes three years, it is evident that GST is the most transformative […]
Towards a Sustainable Construction Equipment Industry
09 Dec 2019 With global warming emerging as the new buzzword and climate change problems causing growing concern among people worldwide, many industries are bolstering their efforts to become environmentally conscious; the Construction Equipment (CE) industry too isn’t far behind in this journey. According to a recent report of leading UK construction companies, around […]
Building India-Japan Business Cooperation
07 Jul 2020 India and Japan share long-standing economic ties, which have significantly progressed over the years. The signing of the historic Comprehensive Economic Partnership Agreement (CEPA) between India and Japan in 2011 gave an impetus to the bilateral relationship and expanded economic and commercial relations between the two sides. With multiple changes impacting the […]
Global Trends
08 Jul 2020 As the world continues to reel under the impact of the novel coronavirus, the global economic situation is getting worse by the day. The latest GDP data from the major economies reveals that the economic activity around the world has crumbled in the aftermath of the pandemic. GDP growth in the US […]
Does competition law apply during crises?
09 Jul 2020 The COVID-19 pandemic has disrupted businesses and the livelihoods of millions of people at a global level. Although global supply chains have been impacted, businesses are coming together to find solutions and ways to ensure uninterrupted supply of essentials. In these unprecedented times as companies come together to face the challenges, they […]
Ease of doing business for AtmaNirbhar Bharat
10 Jul 2020 In the wake of Covid-19, the Central and state governments have accorded an unprecedented priority to improving the business environment in the country by driving reforms to facilitate ease of doing business. The country has jumped up to rank 63 from 142 in the World Bank Doing Business report, indicating the success […]
Use of Technology in the Justice System
12 Jul 2020 The COVID-19 pandemic has resulted in an unprecedented situation where social distancing in the new normal. Therefore, courts across the country are compelled to explore technology-driven solutions such as e-filings of pleadings before courts and conducting hearings before judges through video conferencing, minimising physical interaction as much as possible. The wider infusion […]
Easing Doing Business for Cost Competitiveness
13 Jul 2020 Improving the ease of doing business is critically important to attract investors. According this high priority, the Central and state governments have introduced a slew of reforms across various areas. Consequently, India’s ranking in the World Bank’s Doing Business Report has been climbing – it was 142nd (out of 190 economies) in 2014 […]
Revitalizing the Travel and Tourism Industry
14 Jul 2020 The tourism and hospitality industry contributes significantly to the Indian economy and accounts for 9.2% of the country’s GDP. It employs close to 8.1% of the population, with the total contribution to forex at approximately USD 28 billion. The significance of the industry to the nation’s economic well-being cannot be emphasized as […]
CII@125: The Merger and the Move to Delhi
16 Jul 2020 As socio-political changes swept across independent India, the two engineering associations redoubled their efforts for growth of the industry. The Indian Engineering Association (IEA) with its British origins was affiliated to the formidable Bengal Chamber of Commerce and through it to the Associated Chambers of Commerce and Industry of India (ASSOCHAM). At […]