Budget 2018: The Union Budget clearly recognises the strain on the economy, particularly in the farm and informal sectors, in terms of job creation. The proposal to increase agricultural credit by 10% to Rs 11 lakh crore and a host of other policies would revive demand and create opportunities for the MSME sector.
The NDA government initiated steps in October 2014 to rationalise labour rules by announcing two major schemes—unified labour and industrial portal, and labour inspection scheme—to bring transparency in inspection and use of rules
In the foreword to the book, From Lehman to Demonetization, KV Kamath, president of New Development Bank of BRICs countries, has written that author Tamal Bandyopadhyay is a “mythical bowler” who can deliver all sorts of bowls on different pitches.
International rating agencies have been unfair to India so far and upgrade by Moody’s reflects the stability of the Indian economy and positive investors’ sentiments
Banking sector is the backbone of India’s financial sector—it generates two-thirds of household savings and provides over 90% commercial credit.
While the government will have enough buffer to provide the necessary fiscal stimulus to revive the economy, it is expected it will be more pragmatic in its approach to concomitantly fulfil the long-term objective of fiscal consolidation
A massive change in informal cash-carry system to formal financing
Raising FDI cap in defence, pharma and civil aviation bodes well for Make-in-India
The CAG report has highlighted that many well-intentioned policies have been jeopardised by the conflict between trade facilitation and compliance