The writer is director general, CII
Going beyond the two cities of Delhi and Mumbai surveyed by the World Bank report, the Central government has involved states in the EoDB mission under the Business Reform Action Plan, now completing its fourth year.
Banks, especially public sector banks, require a systemic overhaul related to ownership, management, and regulation. PSBs’ gross NPAs have risen from 4.6% in March 2015 to 9.6% in March 2017.
The MSME sector received relief with a cut in corporate tax rates, boost to online loan processing and linking TReDS with the GST Network.
For the first time procurement has been linked to production
India’s private sector can use institutional mechanisms to deepen ties with Africa
Indian industry must seize the opportunities the PM’s visit to China promises to create.
2013 law freezes land acquisition by imposing lengthy procedures and high costs.
An urgent need is to revive private sector investment.
Simply allowing FDI will not be enough. A stable
and predictable policy regime is essential
The land acquisition bill should address the concerns of affected families while considering industry affordability
Delhi summit on Afghanistan placed private sector investment at the centre of reconstruction efforts
This budget should put the economy on steroids by fixing the fisc
The key challenge for the Indian economy is that of intractable inflation. RBI has raised interest rates seven times and tightened liquidity to contain inflation.