CII President Rajiv Memani calls for GST 2.0 reforms, expanded PLI schemes beyond electronics, and urgent action on pharma APIs to safeguard India’s economic growth and competitiveness
This phased structure allows negotiators to deliver immediate commercial benefits while leaving room for deeper consensus-building on complex sectors.
He takes over from Sanjiv Puri, Chairman & Managing Director of ITC Ltd
EY India Chairman Rajiv Memani stresses on divestment, reducing tax disputes, and targeted schemes in labour-intensive sectors to drive economic growth and reforms in the upcoming Union Budget. The upcoming Union Budget presents the Modi government with an opportunity to advance the narrative of economic stability by focusing on lowering tax rates, adopting a more proactive stance on addressing low-cost imports from China, simplifying GST, and implementing additional schemes in labour intensive sectors.
The upcoming Union Budget presents the Modi government with an opportunity to advance the narrative of economic stability, says Memani
In an interview to CNBC-TV18's Shereen Bhan, Rajiv Memani of EY spoke about GST, its impacts and benefits, and a host of other things.
CNBC-TV18‘s Ronojoy Banerjee spoke to Naushad Forbes, President, CII, Vipin Sondhi, MD & CEO, JCB India, Rajiv Memani Chmn - Global EMs Committee EY, Chandrajit Banerjee Director General, CII who gave their views on Union Budget 2017-18. Here‘s what they had to say.
These services will address the requirements of various industry sectors including financial services, life sciences, retail, consumer and packaged goods, and the government and public sector, EY said in a statement here.
The government has, though, tried to expand the tax space, gone in for simplification in tax laws, emphasized on tax dispute resolution and come out with ways to benefit the lower income groups, says Rajiv Memani, Chairman of India Region, EY.
In an interview to CNBC-TV18's Shereen Bhan, Sanjay Reddy, VC, GVK Power & Infrastructure, Sumit Mazumder, President of CII and Rajiv Memani of EY expressed and discussed their expectations on Arun Jaitely's Union Budget.
The EY survey says India has emerged as the number one FDI destination in the world during the first half of 2015. With FDI capital inflows of US$30.8b, India has outpaced all other economies, moving up to the premier position from being in the fifth spot during the corresponding period of the previous year.
Hailing Finance Minister Arun Jaitley's maiden full year Budget, Rahul Bajaj, Chairman, Bajaj Auto said the FM has done a great job
Sunil Munjal, joint managing director of Hero MotoCorp and senior member of CII expects finance minister Arun Jaitley to focus on manufacturing, infrastructure and logistics sectors.
Though both Memani and Godrej rate the Interim Budget, presented by Finance Minister P Chidambaram, as positive, they feel the government should have been stronger on the execution side.
The long-term outlook for India is also positive, with investors expecting the country to be among the world's top three growth economies, and among top three manufacturing destination by 2020.
Reacting on the Budget, Rajiv Memani, CEO and country managing partner of Ernst & Young said the surcharge of 10 percent imposed on super rich was more than what was anticipated.
With the Budget announcement around the corner all eyes are on the Finance Minister. Will he be able to revive animal spirits in the Indian economy and script a turnaround?
The country's entrepreneurship ecosystem urgently needs a push to help it grow to attain even a fraction of its complete potential. A recent Planning Commission report may help in doing just that
Ernst and Young Entrepreneur of the Year Awards - A world class gathering to recognize the best of Indian talent.
Budget 2011 is around the corner. To put this into perspective, president of CII, Hari Bhartia; Rajiv Memani, the country managing partner of Ernst and Young and the group chairman of Fortis Healthcare, Malvinder Singh, debated on the budget with CNBC-TV18’s Shereen Bhan.
