The budget speech also proposes a hike in MUDRA fund.
DPP 2016 has unveiled a unique procurement category under the heading â€˜Buy â€“ Indian (IDDM)‘ (Indigenously Designed, Developed and Manufactured) as the preferred mode of defence procurements by the government.
The government is likely to announce incentives for small and medium food processing units in areas such as rice and tea in the Budget to promote the sector and boost manufacturing activities.
New developments in the Budget and economic interventions will open more avenues for Digital India. India has already started experimenting with the blockchain technology. Budget should also include special allotments for experimentation with innovations and technology, says Saurabh Agrawal,CEO and Co-founder of Zebpay .
The wind energy sector can easily achieve the target of 60 GW by 2022, and also harness the export potential of 10 GW (~ USD 10 billion), if the following recommendations can be considered in the upcoming Union Budget, says Tulsi Tanti, Chairman and Managing Director, Suzlon Group.
Every business had bottomed and growth has witnessed a slump in the last year, says Kalyani. However, he feels the growth is returning and he sees double-digit growth coming back next fiscal.
The sector, which is currently growing at 20 percent, is expected to go up to USD 11.6 billion by 2017, according to the achievement report of the sector under government's 'Make in India' initiative.
According to CEAMA (Consumer Electronics & Appliances Manufacturer Association), the incentive would help realise the Modi government's Make-in-India vision.
The country "is one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50 per cent of its production", according to the achievement report of the sector under the government's 'Make in India' initiative.
The entry of new service providers, the government's initiatives like 'Make in India' and thrust on mobile economy will also add to the buoyancy in the sector, it said.
In a bid to promote the â€˜Make in India‘ campaign, the government is planning to review its policy on manufacturing of mobile phones, an Economic Times report, quoting government officials, says.
Looking to showcase flagship programmes like Make In India, Union Ministers Nitin Gadkari and Nirmala Sitharaman today joined over 100 corporate honchos from India at the WEF meet here even as China positioned itself as the new champion of globalisation with call for further opening up of economies worldwide.
Stating that technical prowess of India's unique identification number is "well accepted" the world over, IT Minister Ravi Shankar Prasad today asked global chip maker Qualcomm to look at innovations around strengthening digital payments based on Aadhaar.
The time now available should be utilised both by government and corporates to get parity on some of the issues, says Sudhir Kapadia National Tax Leader, EY.
One can foresee that the short-term impact on GDP, triggered by demonetization, and the impending elections in four states of the country, will majorly impact the policies of this year‘s budget
LPG and transport fuels demand will rise, while new petrochemical projects would a boon for naphtha demand.
France has appreciated demonetisation in India, terming it as a "bold" decision which "shows how determined" Prime Minister Narendra Modi is to combat tax evasion, corruption and black money.
Punching holes in the government's claims on success of Make in India campaign, an analysis by two renowned experts reveals that the programme may not have yet made any impact on FDI into focus sectors.
One can expect the government to announce a marginal cut to the headline corporate tax rate along with a clear roadmap detailing the manner in which the proposed reduction and incentive phase out will be achieved.
Finance minister Arun Jaitley may propose a package of tax incentives for the labour-intensive leather, gems and jewellery sectors as part of the government's signature "Make in India" initiative to boost manufacturing, create jobs and revive exports.
The wait is finally over! India’s largest multinational flexible packaging materials and Solution Company Uflex has unveiled ...
With the government taking steps to improve business climate, total FDI inflows in the last two-and-a-half years have touched USD 130 billion, Prime Minister Narendra Modi said today.
The Taiwanese contract manufacturer has also requested that its application be fast-tracked, the official at the state government of Karnataka told Reuters.
Handset maker Gionee today said it is firm on its plans manufacturing mobile phones in India despite disruptions due to demonetisation.
In an interview with Moneycontrol, Jasjeet Singh, Partner, Financial Services Analytics, Advisory at EY lists ways in which data analytics tools can help banks understand the investment and consumption pattern of its customers, be better prepared for a digital India and in the process, increase their profits.