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Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman

-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of Public Sector Units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...

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Poverty, Inequality and a Pay Scale That Depends on Contractors' Whims: Scenes From Narela -Deepanshu Mohan, Tavleen Kaur Saluja, Jignesh Mistry, Hima Trisha and Sriniket Bandaru

-TheWire.in The Narela industrial complex is one of the biggest in Asia, packed with booming small-scale industrial units. It runs entirely on the labour of low-income workers who have very little say on their pay and living conditions. In order to start liberalising trade and industrial production capacity through economic policy, the Indian nation-state began implementing a set of Washington Consensus style neo-liberal economic reforms in the early 1990s. The liberalisation push across...

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Are we choosing the right solutions for reducing GHG emissions from the transport sector?

The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption.   Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...

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Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)

-TheWire.in Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India. Mumbai: Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the...

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'Want to know about govt policy', SC on plea seeking revival of vaccine PSUs

-IANS/ National Herald The Supreme Court on Monday sought Centre's response on a plea seeking revival of vaccine Public Sector Units, to boost Covid-19 vaccination amid the pandemic. A bench comprising Justices D.Y. Chandrachud and A.S. Bopanna said: "We want to know what the policy of the government is..." The bench noted that Solicitor General Tushar Mehta wass appearing for the Centre and took note of his submissions that a reply will be...

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