While acknowledging the upside of privatisation, the industry called for an effective implementation of road map towards privatisation and asset monetisation, cautioning that regulatory and legal hurdles should not derail the process

To reach that target from the current $42 billion, the Indian pharmaceutical industry will require to double the last decade's growth rate of 6% to 12%

PLI in IT hardware: The government is also estimating production worth Rs 3.26 lakh crore and exports worth Rs 2.45 lakh crore in four years

Business Today on Tuesday honoured companies, business leaders based in Tamil Nadu, who contributed to the growth of the state. The winners were identified on the basis of the difference they made in the state, by a high profile jury comprising Arun Roy, IAS, Special Secretary, Industries Department, Govt of Tamil Nadu; Dr Darez Ahmed, IAS, Executive Director, Guidance Tamil Nadu; Preetha Reddy, Vice-Chairperson Apollo Hospitals Group; Rajshree Pathy, Chairperson, Rajshree Sugars & Chemicals; Dr GSK Velu, CMD, Trivitron & Neuberg Diagnostics and Chairman, Ficci Tamil Nadu State Council; Prof Pawan Kumar Singh, Director, IIM Trichy and N Madhan, Regional Managing Partner-South, PwC India. The Chief Minister of Tamil Nadu, Thiru Edappadi K Palaniswami, presented a total of 11 awards, including five for investment, three for employment, one for exports and two for others. Watch the video for more.Also Read: BT Business Leaders of TN: Manufacturing, electronics, SaaS can make India $5 trillion economy, say experts

Business Today Tamil Nadu Business Leaders of State Awards 2021: Hyundai Motor bagged the Biggest FDI Investment in Tamil Nadu, while Cheyyar SEZ Developers took away the Biggest Employer in Tamil Nadu award

Economists, CEOs, consultants, sector specialists interpret Nirmala Sitharaman's 'Never-before' Budget

Bold measures have been proposed in the budget, such as privatisation of two public sector banks and a general insurance company in this fiscal, higher FDI in the insurance sector, exhibiting India's confidence to be globally competitive

While the government has maintained for long it does not wish to be in business in sectors that are not of strategic importance, its track record of disinvestment is patchy at best

Union budget 2021 India Inc expectations: Industry representatives are hopeful that the Union Budget 2021 would play a vital role in achieving the objective of putting India on a sustained high-growth trajectory

Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil

Budget 2021: In last year's budget, the government had done away with around 70 of over 100 income tax deductions and exemptions to simplify the tax system

Budget 2021: Following three years of business disruptions due to GST implementation, demonetisation, the NBFC crisis, and the realty law RERA, the market had started stabilising only to be thrown out of gear again by the COVID-19 pandemic and the subsequent lockdown imposed in March

The finance minister has an unenvious task of balancing government's revenues, which have been hit by the pandemic, and boosting consumption to build on the green shoots of recovery seen in the economy

The union budget is set to be announced on February 1 amid expectations of corporates and Indian citizens. Indian economy witnessed a setback during last year, with the coronavirus pandemic raging and lockdowns in place across the country. The new budget is expected to revive the economy and get industries back to the pre-COVID levels. How can the new budget contribute to the economy getting back on track?. Uday Shankar, President, FICCI, Dr Sangita Reddy, Joint Managing Director, Apollo Hospitals, Rashesh Shah, Chairman and CEO, Edelweiss Group, Naina Lal Kidwai, Ex-President, FICCI discuss expectations with India Today.Also Read: Rebooting Economy 63: Budgeting FY22 with critical information gaps

Increased budgetary allocation for healthcare, ease of GST regulations, and a commitment by citizens to invest in insurance will position India's healthcare sector to take a giant step forward

The IMF revised higher the forecast for India's growth in 2021 by 2.7 percentage points.

Agriculture and allied activities are expected to grow by 3.5 per cent during 2020-21.

While the urgent requirement is to revive demand and consumption, measures for improving India's competitiveness are important for long-term sustainability and economic prosperity

Around 38.50 million new subscribers joined the EPF scheme during September 2017 to November 2020, with around 45 million subscribing to the ESI scheme and over 2 million contributing towards national pension scheme, shows NSO data

Four metro stations--Central Secretariat, Udyog Bhawan, Patel Chowk and Lok Kalyan Marg will remain closed for an hour on January 26