Search Result for : Union Budget 2016 17

The Dollar Business BureauUnderlining India’s strong macroeconomic parameters, the government on Tuesday held a meeting with the global credit rating agency Fitch and pitched for an upgrade in the country’s credit rating. Finance ministry officials explained to the agency about the government’s intended fiscal disciplines while indicating that the Union Budget 2017 will spur economic growth in the country. Recently, several credit rating agencies have denied providing an upgrade to the country’s credit ratings, citing reasons such as stressed balance sheets of corporates as well as banks. The government officials also asked Fitch to explain how it rated the credit ratings of any country. The Fitch officials, in turn, explained that they considered the government’s structural reforms, which ...

Countries like India are majorly Small Medium Enterprises (SME)-driven. So, any trade agreement that the Government of India enters into would definitely be in favour of them, said the Commerce Secretary The Dollar Business Bureau Rita Teaotia (R), Secretary, Ministry of Commerce, Govt. of India, and Arvind Kumar(L), Secretary, Department of Industries & Commerce, Govt. of Telangana, in an interaction with The Dollar Business on Friday   Federation of Indian Exporters Organisations (FIEO), jointly with the State Governments of Telangana and Andhra Pradesh and supported by Trade Promotion Organisations, had organised an interactive session with key officials from the Ministry of Commerce and Government of Telangana, at the reputed Indian School of Business (ISB), in Hyderabad on Friday. After the meeting that focused ...

After a 7.2% economic growth in 2014-15, the expansion in economy will be 7.6% in the current fiscal, the fastest in the world, says survey Source: PTI Inspite of challenges and lower than projected GDP growth rate during 2015-16, the fiscal deficit target of 3.9% of GDP seems achievable.   Ahead of the Union Budget, the Economic Survey on Friday termed external environment as challenging but projected a 7-7.5% GDP growth rate in the next fiscal which could accelerate to 8% in a couple of years. The Economic Survey for 2015-16, which was tabled in Parliament on Friday, also made a case for carrying forward the reform process to achieve macro-economic stability. Inspite of challenges and lower than projected GDP growth rate during 2015-16, "the ...

At the moment, the rupee is over-valued working to the disadvantage of exporters,  says EEPC Sai Nikesh | The Dollar Business Engineering exporters, many belong to the Small & Micro Enterprises (SMEs), want the FM to extend the similar ease of dispensation as was unveiled under the Start-up India initiative, says EEPC   After having witnessed the longest-ever export slowdown in 2015, the Engineering Export Promotion Council (EEPC) has come up with few recommendations to the Union government for implementation in the upcoming Union Budget 2016-17, which it feels would give enough boost to the domestic industry. In a mail response to The Dollar Business, T S Bhasin, Chairman, EEPC, shared the Council’s key expectations from the government in the upcoming ...

Deepak Kumar| The Dollar Business Bureau  To fulfill the domestic requirements of raw material, the Association said imports of oilseeds, oilcakes and rice bran should be encouraged by reducing the import duty to a reasonable level   To stimulate vegetable oil and oilseeds sector, an industry body has come up with a number of suggestions, such as increasing customs duty on edible oil imports to safeguard farmers’ interest, for the upcoming annual Budget 2016-17. “We have sent the proposals on October 29 to the government and now we are pursuing the matter,” B V Mehta, Executive Director of the Solvent Extractors’ Association (SEA), told The Dollar Business. Domestic production of oilseeds has been declining in the last two years as farmers are ...