DHI hopeful of AMP, National Capital Goods Policy
National Capital Goods Policy, to be launched soon, aims toincrease production of capital goods by 3 times over the next decade- fromRs.2,30,000 crore to Rs.7,50,000 crore The Dollar Business Bureau Automobile Mission Plan (AMP) 2016-26, which has been finalised and to be launched shortly, aims to place Indian automotive industry in the world top three position in engineering and auto component segment Department of Heavy Industry (DHI) is taking various steps in making India a manufacturing hub as well as to implement the Make in India campaign, said the Union Minister of Heavy Industries & Public Enterpriseson Tuesday, as he informed the media about key budgetary provisions made to his Ministry in the Budget 2016-17. DHI is taking steps for the improvement ...
CII welcomes the Union Budget, say it sends a positive signal to all stakeholders
Union budget 2016 put emphasis macro-economic stability, boosting domestic demand and structural reforms The Dollar Business Bureau The Union Minister for Finance Arun Jaitley addressing a Post Budget Interactive Session with the representatives of Indian Trade and Industry Associations (FICCI, CII and ASOCHAM), in New Delhi on Wednesday Welcoming the Budget announcements, Sumit Mazumder, President, Confederation of Indian Industry (CII) stated, Budget 2016-17 is well-balanced and comprehensively addresses all aspects that industry was looking for, including revitalizing the rural economy, infrastructure build-up, relief for stressed assets, and simplification of taxes. Commenting on the budget 2016-17, at a post-budget interactive session with Union Finance Minister Arun Jaitley, the president of CII said, The Budget sends positive signals to all stakeholders, agriculture, industry, investors, ...
Reactions to the Union Budget 2016-17
The Union Budget 2016-17 has evoked justifiable reactions from the business industry The Dollar Business Bureau India Inc.'s reactions on Union Budget 2016-17 Anand Mahindra on Twitter "In summary, despite our disappointment on the tax on cars, I see no reason for the mayhem in the market." Harshvardhan Neotia, Chairman, Ambuja Neotia Group "The Budget is in line with the agenda of pushing the economy forward. There is an attempt towards simplification in tax system which is laudable. It's a good budget with good emphasis on infrastructure". Jyotsna Suri, Immd. Past President, FICCI & CMD, Bharat Hotels "It's a pro-country and pro-development budget as we had expected it to be." Pankaj Patel, CMD, Cadila Healthcare “Infrastructure push and agriculture sustainability are the ...
Big bucks allocated for promotion of organic farming
When India's Finance Minister began introducing the Union Budget, he remarked that his Budget proposals were based on nine pillars, the first of which was Agriculture and Farmers’ Welfare. Indeed! Manisha Choudhari | The Dollar Business When Finance Minister Arun Jaitley began introducing the Union Budget, he remarked that his Budget proposals were based on nine pillars, the first of which was Agriculture and Farmers’ Welfare. Under this, the Government aims to double the income of farmers by 2022. The total allocation for Agriculture and Farmers’ welfare is Rs.35,984 crore. As part of the same pillar, the government intends to promote organic farming in order to ensure a rise in crop yields from rain fed areas, which make up nearly 55% of India’s ...
Budget 2016: 'Emphasis on better port connectivity to help foreign trade
EEPC appreciated the governments move to implement Customs Single Window Project at major ports and airports Sai Nikesh |The Dollar Business New greenfield ports to come up in the eastern and western coasts of the country Overwhelmed by performance of major Indian ports in 2015, the Government of India has decided to enhance port infrastructure in the current Budget. This was stated by the Union Finance Minister Arun Jaitley on Monday during the release of the Budget 2016-17. In 2015, Indias major ports have handled the highest ever quality of cargo. We have also added the highest ever capacity in major ports. We have started a series of measures for modernising the ports and increasing their efficiency, Finance Minister Arun Jaitley said releasing the ...
