The Centre is likely to revisit the issue of increase in Goods and Services Tax on scientific equipment from 5% to 18%, which had been criticised by the scientific community over its potential impact on India’s research capabilities. Following the July hike, the Department of Science & Technology and the Council for Scientific & Industrial … Read more
Bharat Forge which has diversified heavily into defence manufacturing in the last few years, has developed a range of products including a range of artillery guns. Bharat Forge which has diversified heavily into defence manufacturing in the last few years, has developed a range of products including a range of artillery guns. Pune-based Bharat Forge … Read more
For majority of investors, this is the first cycle they are witnessing. Pre-covid, the participation in equity markets was three per cent, which has now risen to seven per cent, which is a clear indication of how retail investors have come pouring into the markets. Considering the high returns of 2020 and 2021, there was … Read more
NEW DELHI: Certain classes of public sector entities, like major port trusts, Airport Authority of India, those undertaking security printing and minting, will not fall within the purview of the new PSE policy for strategic disinvestment. The new Public Sector Enterprise (PSE) policy for Aatmanirbhar Bharat, which classifies public sector commercial enterprises as strategic and … Read more
The government has said that central public sector enterprises (CPSEs) should include asset monetisation and market capitalisation improvement in their memoranda of understanding with respective ministries, in order to monetise non-core assets, reduce debt and improve efficiency. “You may have several non-core assets which are not yielding any returns to the company, and that can … Read more
Washington: Prime Minister Narendra Modi‘s call for an “Aatmanirbhar Bharat” (self-reliant India) is an important initiative, the International Monetary Fund (IMF) said on Thursday. “The economic package under this self-reliant India initiative, which was announced in the aftermath of the coronavirus shock, has supported the Indian economy and mitigated significant downside risks, so we do … Read more
The special liquidity scheme is open for three months for making subscriptions by the Trust. The finance ministry on Saturday said 24 proposals worth Rs 8,594 crore of stressed NBFCs and HFCs have been sanctioned under the special liquidity scheme announced as part of the Rs 20.97 lakh crore ‘Aatmanirbhar Bharat’ package. The scheme, which … Read more
A new focus on investment would be the perfect complement to the call for Atmanirbhar Bharat. The first is a necessary condition for the second. Synopsis The reality is that only one component of GDP — investment — can send growth into orbit. For double-digit growth, investment needs to touch 40% of GDP. We know … Read more