So vaccinate employees and families, staff at home, rickshaw drivers, milkmen, service providers, shopkeepers and street vendors, says Naushad Forbes.
The GST Council, headed by Jaitley and comprising representatives of all the states, is scheduled to meet in Srinagar on May 18-19 to finalise tax rates on different goods and services after unifying at least 10 indirect taxes into the Goods and Services Tax.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
The Confederation of Indian Industry will launch a Web site on India-China economic cooperation next week, coinciding with Prime Minister Atal Bihari Vajpayee's visit to that country.
Panagariya also pointed out that COVID-19 pandemic may lead to integration of global labour market.
Scheduled commercial banks have registered a 21.2 per cent growth in credit offtake at Rs 7,14,622 crore (Rs 7.14 trillion) up to March seven of 2002-03 as against Rs 5,89,723 crore (Rs 5.89 trillion) in FY-02.\n\n\n\n
India Inc on Monday said the policymakers in the country must ensure corrective measures at the earliest to rebuild investor confidence.
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
Our government has failed the country on several counts. All this must change for India to redeem itself in six months, says Naushad Forbes.
CII will have a three-pronged approach. First, the chamber will concentrate on consumers and will urge companies to focus on the end users, says N Srinivasan.
Jairam Ramesh denied that he was going after the big fish to get into limelight.
The prime minister is likely to talk about its possible extension.
India's exports are showing signs of improvement as the contraction in outbound shipments in June so far has come down to about 10-12 per cent as compared with 60 per cent in April, Commerce and Industry Minister Piyush Goyal said on Monday. Declining for the third straight month, In "Currently we are about 10-12 per cent down in June. So in a sense, we have reached up to 88-90 per cent of the level of exports that we had in June 2019 in the current month in the first two weeks. I am awaiting the data for third week (of June)," Goyal said at a CII function.
The Tata Consultancy Services on Thursday won the CII-Exim Bank award for business excellence. The award is given every year for achievement of business excellence as a measure of organisational competitiveness.
Foreign companies see a "lot of turnaround" in India and a "lot of positive attitude" is building towards it, says CII.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
India's GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections by different agencies, indicating a sustained V-shape post-lockdown recovery, experts said. The first Advance Estimates (AE) by the National Statistics Office (NSO) has projected a contraction of 7.7 per cent in the real GDP during 2020-21. This was better than the projections by certain international agencies like the IMF and World Bank.
The final Budget for the fiscal is likely to be tabled in July after formation of the new government.
Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
Industry body CII on Sunday said sourcing of infrastructure equipment, nuclear hardware and military aircraft from the US by India could create over seven lakh jobs in America in the next ten years.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
At least 150 companies, including some from the Tata Group, have started collecting data about their SC/ST employees, as India Inc is no more "caste blind", according to a CII paper on affirmative action.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
Realising the importance of sustainable development, Indian companies are increasingly taking into account the environmental impact of businesses while taking decisions, industry body Confederation of Indian Industry said on Wednesday.
In a communication to chief secretaries and director generals of police of all states, the ministry asked them to take action to allay apprehensions and maintain peace and tranquillity, and inform people about the availability of food, medicine and other essential commodities.
According to Nielsen, rural growth has plunged to a low 5 per cent in the third quarter of quarter from a high 20 per cent a year ago. This has for the first time in seven years rural growth has fallen below urban levels.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
"I think the Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed," Naushad Forbes, president, CII.
Swiss entities keen to invest in India, says envoy .
The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
Winning against Covid means thinking ahead, at least six months, putting in place the likely scenarios of what might happen, and then planning. Planning is the role of the government. Having planned, it should communicate what and why. Then, get out of the way, recommends Naushad Forbes.
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30.
'If you want Aatma Nirbhar, your policies should favour self-reliance, but your policies do not help the idea.' 'How are we going to be self-reliant if you make things difficult for us?'
France has now over-taken the UK as India's most visited European nation
After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review.
At 8 million a month, times two doses, it will take us 17 years to administer the vaccine to our 800 million adults. The rollout must speed up twenty times, asserts Naushad Forbes.
Echoing similar views, CII too said the Prime Minister has given high importance to manufacturing and investment.
Though the government has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, India's top exports to China remain in the raw materials category.
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