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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

RoDTEP rates for export promotion scheme expected to be notified soon

The remission rates and guidelines for export items under the new Remission of Duties and Taxes on Exported Products (RoDTEP) scheme are expected to be announced in ten days.Read more

Indian exports went up by 58.23 per cent, the highest ever in a month

Key sectors such as engineering, gems and jewellery and pharmaceuticals recorded healthy growth rate during the month. Read more

Amitabh Kant: Need to mobilise capital and finance for EV infrastructure

With a view to address these challenges, NITI Aayog and RMI have identified a toolkit of 10 solutions that financial institutions such as banks and non-banking financial companies (NBFCs), as well as the industry and government can adopt in catalysing the required capital.Read more

Nitin Gadkari: “Ministry and World Bank working on credit guarantee program to finance unrated MSMEs”

The government is aiming to really educate MSMEs about the benefit of adopting solar rooftop and achieving cost-competitiveness. Read more

Budget 2021-22: On reform and rationalisation path

Fiscal deficit in RE 2020-21 is pegged at 9.5% of GDP, while fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP. Intends to reach a fiscal deficit level below 4.5% of GDP by 2025-2026 with a fairly steady decline over the period.Read more

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