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India Inc makes case for fresh fiscal stimulus, more steps to boost growth Kateryna Babaieva India Inc on Monday urged Finance Minister Nirmala Sitharaman to take growth-oriented steps, including a fresh fiscal stimulus, in the next budget to maintain the pace of recovery in the economy, which has gone through a rough patch on account of the outbreak of coronavirus pandemic. In the virtual pre-budget consultation meeting with the minister, the captains of Indian industry suggested lowering direct tax rates for individuals, more incentives for housing sector and rationalisation of GST structu...

Finance Minister Nirmala Sitharaman on Monday kick-started her pre-Budget consultations with industry leaders. They urged her to present a growth-oriented Budget for 2020-21, even if fiscal consolidation was pushed for later years. Industry representatives also called for enhancing spending on health care, given the Covid-19 pandemic. “The Confederation of Indian Industry (CII) has suggested that the Budget proposals focus on growth and alongside look at fiscal management from a three-year perspective. Aggressive disinvestment and monetisation of assets can augment government revenues at ...

Union Budget 2021 | Focus on growth, look at fiscal management from a 3-year perspective: CII to FM Nirmala Sitharaman The CII, in its recommendations for Union Budget 2021 to Finance Minister Nirmala Sitharaman, has said the government expenditure should be prioritised in three areas: infrastructure, healthcare, and sustainability, and that disinvestment and monetisation of assets can bring in revenues at a time when tax revenues have fallen sharply. December 16, 2020 / 09:30 AM IST The Confederation of Indian Industry (CII) has forwarded a three-pronged strategy for Union Budget 2021, ce...

Wed December 16, 2020 - National Edition Hyundai Doosan Infracore. Once the acquisition process is completed, the group's affiliate Hyundai Construction Equipment, combined with Doosan Infracore, will become the No. 5 player in the global construction machinery market, according to HHIG. Doosan Group selected the HHIG-KDB Investment Consortium as the preferred bidder and reported it to its creditors, including Korea Development Bank. The two sides aim to conclude the main contract by the end of 2020 after two to three weeks of additional negotiations. HHIG will acquire a 36.07 percent stake...