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Chemicals industry is at inflection point of incredible opportunity: Rahul Tikoo
Highlighting his expectations from budget 2021, Rahul Tikoo, MD – India Sub-continent & Polyurethanes South Asia Business, Huntsman Corporation, says, economic growth and changing consumer preferences will unfold new avenues for growth for the Indian chemical sector.Read more
MSMEs must grow their appetite for new technology: Ravichandran Purushothaman
Ravichandran Purushothaman, President, Danfoss India, expects more budgetary provisions for this bourgeoning sector, to build an institutional mechanism to implement the technological transformation process pan India and enable the industry to build skill and capacity.Read more
Need to increase India’s manufacturing competitiveness: Alok Kirloskar
Alok Kirloskar, Director of Kirloskar Brothers Limited (KBL), expects the Budget 2021 to focus on fast-tracking initiatives, policy changes and incentive packages that will help enhance the share of manufacturing in the economy.Read more
Be prepared for Tax Collected at Source from 1 Oct 2020
Any seller of any goods whose turnover in the preceding financial year exceeds Rs 10 crore is liable to collect TCS at 0.1% of the sale value (0.075% for Oct 2020 to Mar 2021 period) from the buyer if the buyer purchase goods for the value exceeding Rs 50 lakhs.Read more
Coronavirus: A silver lining for India’s exports?
India’s exports witnessed a nominal year on year decline of 1.66 per cent to $ 25.97 billion in January 2020 due to global and domestic factors.Read more
[Budget 2020] Budget gives impetus to power and infrastructure sector: Gautam Seth
According to Gautam Seth, Jt MD, HPL Electric & Power, FM’s announcement to replace energy meters with pre-paid smart meters will help in bring about more financially healthier utilitiesRead more
[Budget 2020] New NIRVIK scheme to provide higher export credit disbursement
FM Nirmala Sitharaman proposes allocation of Rs 27,300 crore for industry and commerce in FY21; and raises Customs Duties on number of productsRead more
[Budget 2020] Budget aims to give boost to MSME sector with number of proposals
MSMEs turnover threshold for audit increased 5 times to Rs 5 crore, proposes Rs 1000 crore for MSME funds, increase customs duties on labour-intensive products like footwear, furniture, etcRead more
[Budget 2020] FM announces new smart meters scheme; allocates Rs 22,000 crore to power and renewable sector
Smart meters scheme, which is aimed at reducing financial stress of Discoms, will help companies like Secure Meters, HPL Electric & Power Ltd, etcRead more
[Budget 2020] FM announces scheme to boost domestic manufacturing of electronic goods
Aim is to reduce reliance on Chinese imports of electronic components. FM also allocated Rs 8,000 cr for setting up National Mission on Quantum Computing to compete with US and China in this new field Read more