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Budget 2023: Revving up manufacturing with duty revisions and capex boost

By allocating Rs 10 lakh crores for capital expenditure (which would be 3.3 per cent of GDP) and making minor changes in the basic custom duties, cesses and surcharges on some components, the budget aims to provide more opportunities for local manufacturing.Read more

Budget proposes Rs 90 bn for revamped credit guarantee scheme to MSMEs

The announcement that the Government will bring another dispute resolution scheme under Vivad Se Vishwas-II to settle commercial disputes will help MSME and trade resolve their issue urgently.Read more

Industrial sector GVA rose by 3.7% in H1 FY23: Economic Survey 2022-23

The survey says, Industry 4.0 is India’s way forward in achieving the goals of Aatmanirbharta and ambitions of becoming a key player in global value chains. Private final consumption expenditure (PFCE) as a share of GDP in H1 of FY23 was highest among all half years since FY15. Read more

Economic Survey: Indian economy is poised for faster growth in the coming decade

Considering the evolving geo-political situation, the Survey notes that India has an opportunity to benefit from the diversification of global supply chains.Read more

L&T named as second strongest global engineering & construction brand

L&T has also been ranked as the ‘third fastest growing brand’ by the London-based consultancy in its ‘engineering & construction 50 – 2022’ report.Read more

India’s growing economy gets budget’s booster dose

The budget has laid down a blue print for achieving the objective of Atmanirbhar Bharat and sustainable development in the future. However, it will be important to look at the execution, on which the success of all the policy announcements will depend.Read more

Legal Entity Identity number is must to assert legitimacy globally

Legal Entity Identifiers (LEIs) are required by all parties participating in regulated transactions and provide a publicly available verifiable source of ‘who's who’ and ‘who-owns-whom’. The LEI code is endorsed by the G20 as the most important global identifier, says Hitesh Rughani, MD, Dreams Merchant.Read more

Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23

In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.Read more

Vayana Network appoints Aneish Kumar as Senior Business Advisor

Aneish Kumar will play a vital role in strengthening Vayana Network’s partnerships across financiers and accelerate access to trade finance for supply chains. He has 38 years of cross-functional expertise.Read more

Indian govt announces Rs 6.3 trillion relief package to fight second Covid wave

FM extends tenure of PLI scheme for large scale electronics manufacturing till 2025-26. Announces credit guarantee scheme to facilitate loans to 25 lakh persons through Micro Finance Institutions (MFIs).Read more

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