PHD Chamber of Commerce and Industry said the coronavirus-induced restrictions in the country have created a difficult time for the trade and industry, and the government has to step up with proactive as well as calibrated measures to help them.
PHDCCI suggests five-pronged strategy to stop possibility of third wave of coronavirus infections
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Last Updated: Jun 09, 2021, 01:04 PM IST
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Synopsis Its suggestions include a target to vaccinate at least half of the population in the next 3-4 months, ensure adoption of strict rules such as wearing masks, maintaining social distancing, among others, and adopting strict norms and compliances for micro-containment zones.
Industry chamber PHDCCI on Wednesday suggested the government a five-pronged strategy including immediate imposition of lockdown in a district, where the number of active cases are more than 500, to stop the possibility of a third wave of coronavirus in the country. Its suggestions include a target to vaccinate at least half of the population in the next 3-4 months, ensure adoption of strict rules such as wearing masks, maintaining social distancing, among others, and adopting strict norms and compliances for micro-containment zones.
Extend deadline for meeting compliances; provide stimulus for industry: PHD Chamber to FM
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Last Updated: Apr 22, 2021, 09:10 PM IST
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Synopsis We have asked for extension of timelines for compliance under various laws including Income Tax Act, Companies Act and GST Act in these difficult times. Like last year, the government should consider extending the timeline for compliance, maybe till June-end, said Sanjay Aggarwal, president, PHD Chamber of Commerce and Industry (PHDCCI).
Till February-end, Rs 2.46 lakh crore of the total Rs 3 lakh crore was sanctioned under the ECLGS by commercial banks and non-banking financial companies (NBFCs).
PHD Chamber of Commerce on Thursday requested Finance Minister Nirmala Sitharaman for extension of various timelines for compliances, including for filing tax and GST returns, amid the second wave of the COVID-19 pandemic.
As economic activities gather pace and investor sentiments revive, GDP growth is likely to enter a double-digit growth trajectory and may grow at more than 11 per cent in the next financial year, showed a report by PHD Chamber of Commerce and Industry. A sharp recovery in GDP growth in Q3 FY 2020-21 at 0.4 per cent as compared with a contraction of 7.3 per cent in Q2 and 24.4 per cent in Q1 2020-21 (as per revised NSO estimates) is a result of impactful reforms undertaken by the government since March 2020, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry. As a result of recovering investor sentiment, the economy has potential to accelerate at 11 per cent growth trajectory in the next financial year 2021-22 as envisioned by the FY 2020-21 Economic survey of the Government of India, he said.
India s GDP expected to record growth in Q3, Q4 of FY21: PHDCCI
As per PHDCCI, nine out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the agency, have performed positive
BusinessToday.In | February 13, 2021 | Updated 22:53 IST
India s GDP is expected to record positive growth in the third and fourth quarters of 2020-21, says PHDCCI
After reporting negative growth in the first two quarter of the current fiscal, India s GDP is expected to record positive growth in the third and fourth quarters of 2020-21, according to PHD Chamber of Commerce and Industry (PHDCCI). The expectation of positive GDP growth is based on various reforms undertaken by the government in the last ten months along with a demand boosting and investment inducing Budget, it said.