Venture capital (VC) and private equity (PE) investors were of the view that the country’s regulations have not kept up with the complexities of this industry and were demanding a meaningful intervention from the government to make private investments easier and friendly.
Announcing a slew of measures for the Union Health Ministry, the nodal ministry tackling the worst health crisis in last many decades in the form of covid-19, Finance Minister Nirmala Sitharaman said the government aims to focus on skilling, research and innovation in the sector as the pandemic heightened the need.
The new tax regime was announced in Budget 2020 and became effective from financial year 2020-21. With no key announcements for the taxpayers under the old regime, users have taken to Twitter to express their disappointment.
In a Business Today Banking & Economy Summit in Mumbai, India’s top chief economists, including Madan Sabnavis of Bank of Baroda, Saugata Bhattacharya of Axis Bank and DK Joshi of Crisil shared their views on the Indian economy, inflation, rate hikes and key other macroeconomic indicators. Here’s what they have to say.
The sector is pinning its hopes on the upcoming Budget, and we are optimistic that a combination of enabling government policy measures and positive buyer sentiment will fuel the demand for real estate.
As India cements its position as a leader in skills in technology for the world, it will be equally important to perhaps align additional focus on product development and accelerate scientific temper for innovation and creation at (higher) education institutions.