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Government has reduced tax rate for newly set-up manufacturing company to an effective rate of 17.16%. However, there are certain nuances which require clarifications. Maulik Doshi highlights on budget expectations for new manufacturing companies availing concessional tax rates.Read more
Budget 2022 should provide a higher depreciation of 25% on procurement of new indigenous capital goods besides mandatory registration under TReDS for all companies with a turnover beyond Rs 250 croresRead more
Automotive Component Manufacturers Association (ACMA) has recommended enhancement of RoDEPT rates and measures to encourage capital investment in auto component industryRead more
Introducing production linked incentives for railway manufacturers and exporters promoting Make-in-India would be encouraging, says Alain SPOHR, Managing Director, Alstom India & South Asia.Read more
These reforms are aimed at enhancing exports.Read more
Production worth about $ 520 billion is estimated in the next five years in India only through the Production-Linked Incentives (PLI) scheme with the entire ecosystem associated with the sector benefiting from the scheme, said the Prime MinisterRead more
The government has announced to invest Rs 3.05 trillion in power distribution sector to achieve the ambitious targets for its electricity sector and propel demand for power equipment. However, the crippled power transmission & distribution (T&D) sector could play a spoilsport? Read more
While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more
By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more
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
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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