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We expect more focus on renewable energy in budget 2019-20: Anil Gupta

Tax rebates, better rate of interests, etc will help India to achieve 175 GW capacity target in renewable energy by 2022, says Anil Gupta, CMD, KEI Industries LtdRead more

Budget 2019-20: Indian machine tools industry seeks incentives to raise competitiveness

The apex machine tool association IMTMA wants policy initiatives and fiscal incentives to improve export share to 20 per cent and domestic market share to 67 per centRead more

AAI recommends increase in import duty on aluminium

Due to lack of policy support, 23 lakh tonnes of aluminium (ie, 58% of India's demand) were imported in India in FY19, resulting in a forex outgo of Rs 38,000 croreRead more

Ador Welding will cross Rs 600 crore by 2020-21

Factors like increasing spend on infrastructure, railways undertaking modernisation projects, sales of automobiles rising, etc are like to lit up demand for welding machines and consumables.Read more

Will interim budget provide impetus to the economy

The interim budget was an attempt to please all sections of the society. While many initiatives were announced in line with the Government’s 10-point dynamic vision to build India of future, execution will be the key.Read more

Extending income tax exemption to MSMEs to be highly beneficial

The Government should introduce a long-term solution in the 2019 Budget that can save the credit-starved MSMEs from their dire state.Read more

“Govt schemes to generate Rs 60K cr business for E&E industry”

says Shreegopal Kabra, MD of R R Kabel Ltd, and President of IEEMA - an apex association representing electrical & electronics (E&E) industry. IRead more

Is budget 2018-19 a step in the right direction?

With emphasis on agriculture, MSMEs and rural area, the budget was on the expected lines. Rakesh Rao explores the impact of the budget on various sectors. In line with the Government’s long-term economic vision, the focus of this year’s budget, the last full budget of the current government, was clearly on rural development, housing, health, MSMEs (micro, small & medium enterprises) and infrastructure.Read more

Budget 2018: A big booster to SMEs

According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, Finance Minister Arun Jaitley announced a list of measures to help MSMEs and job creation in the budget 2018-19.Read more

Development of defence production corridors to boost indigenisation

The proposal of the Budget 2018-19 to develop two defence industrial production corridors is expected to promote indigenous manufacturing of defence equipment in the country. Read more

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