The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.
Sharma, who has been regularly reviewing the situation with senior officials, has expressed concern over the drop in industrial performance in the recent months, the statement said.
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel's acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of Electrosteel Steels.
Corporates understand that the PMO drives all key decisions in this government.
The meeting will focus on how to make the crisis an opportunity for India.
While, projects, including Rs 23,000 crore Purvanchal Expressway, totalling Rs 60,000 crore have already been launched, the Yogi Adityanath government is fast paving the way for laying the foundation of the remaining projects before the general election dates are announced.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
While the Narendra Modi government has stuck to its stand that pending payment is Rs 12,343 crore, MSMEs calim outstanding amount is Rs 2-3 trillion. Moreover, MSME ministry's SAMADHAN portal has been of little help.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
The government was hoping to roll out the GST regime from April 2016.
According to India Skills Report 2019, Andhra Pradesh offers equal space to both male and female workers.
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
It bounced back from the historic low of 41 recorded in the April-June quarter, during the initial days of the pandemic and lockdown.
Lauding the pro-reforms approach adopted by Reserve Bank of India Governor Raghuram Rajan, industry body Confederation of Indian Industry on Thursday expressed the hope that the central bank would shift towards an expansionary monetary policy by cutting interest rates to stimulate growth.
The decision to drop the proposal was taken last month during a meeting that Finance Minister Arun Jaitley held with labour ministry officials.
Modi has often been accused of promoting crony capitalism in Gujarat for his proximity to certain businesses.
Sitharaman also highlighted the steps taken by the government to achieve ease of doing business by digitisation of approvals and making more stable policies to make India a favourable destination for investors.
'If many start-ups lose in this environment, there will be less number of people willing to start new businesses.'
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
'Birla only made representations to then PM for coal blocks allocation.'
Measures to promote ease of doing business, cut in tax rates for smaller enterprises to 25 per cent, and reduction in interest rates are creating the right atmosphere for new businesses to flourish, particularly SMEs.
They are looking for white-collar jobs, and in industries that are in the forefront of growth.
On the telecom sector, he demanded auctioning of more spectrum.
The Indian community in Australia and the Pacific will get an opportunity to contribute between India and countries in the region at the 7th Regional Pravasi Bharatiya Divas Convention in Sydney, a top Indian diplomat has said.
Rajan has set March 2017 as the deadline for banks to clean up their balance sheets.
