Budget FY22 should focus on resolving demand-side issues: Ind-Ra ANI | Updated: Jan 22, 2021 14:53 IST
So far, the government s major focus to revive COVID-19 battered economy has been on the supply side. But it is high time to change gears and focus on the demand side as well, lest the ongoing recovery begins to lose steam.
Ind-Ra said there is nothing wrong in addressing supply-side issues as it indeed was needed to restore and augment the broken supply chain especially in an economy where micro, small and medium enterprises play an important role in terms of generating employment and output.
However, the absence of adequate demand may jeopardise recovery and may even lead to a second-round impact.
Budget 2021: Aluminium industry seeks raise in basic custom duty
The industry has also sought reduction in basic custom duty and correction of inverted duty structure on critical raw materials for aluminium industry value chain like aluminium fluoride and coal tar pitch
PTI | January 20, 2021 | Updated 08:44 IST
The industry is not able to compete effectively in the global markets as the burden of central and state taxes and levies amounting to 15 per cent of aluminium production cost puts the domestic industry in a significant disadvantage compared to its global peers
The aluminium industry has urged the government to increase the basic custom duty on primary aluminium and aluminium scrap to 10 per cent, eliminate the cess on coal among others as the sector is going through a challenging phase and is under immense threat by rising imports.
Boost to real estate sector must for economic growth: experts ANI | Updated: Jan 19, 2021 15:39 IST
New Delhi [India], Jan 19 (ANI): Real estate experts have called for an added impetus to affordable housing in the forthcoming Union Budget for 2021-22 to revive economic growth.
Farshid Cooper, Managing Director of Spenta Corporation, also called for addressing liquidity concerns currently plaguing the industry. He said the government must introduce tax breaks and reduce transaction costs for home buyers.
The Indian real estate sector had been facing challenges even before the outbreak of Covid-19 pandemic, said Cooper. The subsequent lockdown brought with it several new problems including stopping of construction activities, unavailability of labour, muted sales and tepid buyer sentiment.