The government had cut excise duty on cars, SUVs and two-wheelers as well as consumer durables in the Interim Budget in February to help the industry tide over a demand slump.
The BJP's earlier stint in power had it clashing repeatedly with the RSS on economic policy. The RSS harped on self-reliance, while the BJP-led government opened up several new sectors to FDI. A pragmatic Narendra Modi government is now setting the stage for neo-Swadeshinomics.
In its zeal to prevent fraud, the new Companies Act has made normal corporate functioning near-impossible, feels industry. It's everyday operational issues that are raising anxiety levels of promoters, professional managers and their legal teams and auditors.
Key pronouncements of some of the newly appointed ministers
The new government must initiate urgent tax reform to encourage companies and revive investor confidence.
Many economists and industrialists hold that the new Land Acquisition Act is as much a deterrent to growth as the old one was. Many now expect Modi to come to the rescue of the industry with amendments to the Act. But the BJP supported the new Act in Parliament.
Whatever may have happened to your income, politicians have certainly grown richer in the last 10 years; the number of crorepati candidates jumped five fold. But not all of them win; in fact, only a fifth did this time.
The industry is facing an acute shortage of domestic wood and has been forced to import wood for the past year. Currently, there is a duty of 5 per cent on wood imported from non-ASEAN countries.
C. Rahul Pramod Goud, PGP 2013-15 Senior Coordinator, Alum Comm IIM Bangalore says If I were in Modi's shoes, I would make Arun Shorie the next Finance Minister.
IIM Bangalore's Nabyendu Mandal(PGP 2013-15) says If I were PM, I would confer the telecom ministry on Yashwant Sinha.
Kiran Mazumdar-Shaw, Chairman and Managing Director of Biocon on the five issues that need to be addressed in pharmaceuticals by the new Narendra Modi government:
IIM's Bangalore Mitesh Karwa(PGP 2013-15) says if he was the Prime Minister, he would have assigned the key ministeries to following people:
Hitesh Agarwal from IIM Bangalore(Class: 2012-14) assign key ministries if he becomes the prime minister to the following:
My choice for the Ministry of Finance would be Deepak Parekh, the current Chairman of HDFC Bank. Our economic growth has been sluggish in the past three to four years and if we need to revive the business cycle there could be none better than the man who has revived the banking system of HDFC.
The list has not been finalised as yet, but sources said Arun Jaitley was the only one among them who had the credentials to be finance minister. About 35 government ministers are likely to take the oath of office along with Modi, one of the sources said.
The role of the FM will require not just domain expertise but also a lot of negotiation skills to get some tough bills passed.
Arun Jaitley is an obvious choice for the finance minister portfolio. Well educated, eloquent, capable and intelligent, he was the most active member of the opposition over the last 10 years, and knows our problems better than anybody else.
Bharatiya Janata Party leader Narendra Modi's election juggernaut in the 2014 Lok Sabha polls is an example of howto prepare and successfully implement a marketing and branding campaign. This case study looks at the strategy and tactics behind the creation of Brand Modi.
He lost by 94,000 votes to former chief minister of Punjab and Congress candidate, Capt Amarinder Singh. In 2009, this seat was held by BJP's Navjot Singh Sidhu.
High-speed bullet trains, building modern cities and expediting work on the freight and industrial corridors are some of the promises the BJP made in its 2014 Lok Sabha manifesto to revive growth and create employment in the country.
Pradeep Bhargava, Director of Cummins India and a manufacturing veteran, thinks Narendra Modi has some work to do before the "sufficient" condition is achieved, particularly for manufacturing to grow in India.





