Staying on track for 2022
04 Aug 2020 The year 2022 will mark 75 years of India’s Independence, a poignant moment in our nation’s history. The Government’s Strategy for a New India@75 developed by NITI Aayog in 2018 involves achieving many developmental objectives by the year 2022, using innovation, technology, enterprise and efficient management. It aimed at development as a […]
Redefining MSMEs will give the sector a boost
09 Jan 2020 A turnover-based classification will allow MSMEs to invest more in tech. This will help improve their competitiveness Micro small and medium enterprises (MSMEs) have always been vital in the socio-economic development of India. Spread across both urban and rural areas, MSMEs produce a diverse range of products and services and provide large-scale […]
Faceless E-Assessment for a taxpayer-friendly regime
07 Aug 2020 Tax reforms, for both direct and indirect taxes, have been one of the key focus areas of the Union government over the past few years. The shift has been towards rationalisation, simplification, greater transparency, ease of paying taxes and creating an overall taxpayer-friendly ecosystem. The faceless e-assessment system for income tax, which […]
Volunteering for Nation Building
10 Jan 2020 Studies have shown that volunteering and pro bono activities positively impact an organization. They enhance employee loyalty, create team-building opportunities, increase cross-department and management interaction and reduce employee turnover. 90 percent of Fortune 500 HR managers in a survey said that volunteering is an effective way to develop leadership skills. Studies have […]
Mining Industry – Don’t Undermine the Sector
10 Jan 2020 Recent policy announcements in the mining sector, such as doing away with end-use restrictions in coal mining and extending the validity of clearances for mining leases expiring in 2020, could result in a paradigm shift. Earlier this week, the Union Cabinet approved the promulgation of the Mineral Laws (Amendment) Ordinance 2020. This […]
Making tax compliance easier: A platform to honour the honest will build trust and broaden tax base
18 Aug 2020 The government has touched a new milestone by taking up a series of reforms to make tax compliance easier for taxpayers through the platform for ‘Transparent Taxation – Honouring the Honest’. Launched by Prime Minister Narendra Modi, it meets the requirements of a 21st century taxation system. The platform lays down the […]
Budget and the building blocks of growth
20 Jan 2020 The Union Budget is being presented at a time when the economy is not doing as well as in the recent past. Gross domestic product (GDP) growth is estimated at 5 per cent during this fiscal, which is the slowest in a decade. Besides, private investment remains muted, consumption demand is falling […]
Decisive measures vital to revive India’s growth
21 Jan 2020 The Union Budget 2020-21, to be presented to Parliament by finance minister Nirmala Sitharaman on Saturday, February 1, comes at a time when the Indian economy is facing headwinds from a growth slowdown, on account of both domestic and global factors. A drop in private investments coupled with a slowdown in consumer […]
Budget 2020: India needs to push for investments to kickstart growth
24 Jan 2020 Union Budget 2020 India: One of the key highlights from the recently released advance estimates of GDP was of investment growth slumping to an anaemic 1% in the current fiscal from a healthy double-digit growth registered in the last fiscal. Investment was held back by weak private sector sentiment and limited fiscal […]
Demand-Side Interventions to Kickstart the Economy
27 Jan 2020 The Indian economy is facing challenging times, amidst a growth slowdown and sluggish economic activity. The Union Budget, to be presented on 1st February 2020, would provide a strong policy direction to help reverse the present situation. The Government has intervened regularly in the last few months to boost growth with measures […]