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B & C

No case for continuing with high fuel taxes

By DM Deshpande Petrol and diesel prices are on the rise again. True, international oil prices are going up too and therefore, Oil Marketing Companies (OMC’s) need to hike the rates. But the global oil price is still at two-thirds the pre-COVID- 19 level and we seem to have reached or even surpassed those levels in some states. Brent crude …

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Increase production to beat China, says Pawan Goenka

India needs to bring in cost competitiveness and raise scale to grow its manufacturing sector and compete globally, said Pawan Goenka, managing director, Mahindra & Mahindra (M&M). The auto industry leader also emphasised on enhancing productivity and also harped upon the importance to have a global value chain to usher in prosperity and economic growth. While participating in the BNEF …

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India’s economy is ailing from more than Covid-19

According to the International Monetary Fund (IMF), India will be the large economy worst hit by the COVID-19 pandemic. The IMF now says that Indian GDP in the ongoing financial year will contract by 4.5 per cent. Just a few weeks ago, the IMF  had been predicting two per cent growth for the year. The IMF’s projection is by and …

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Conge in demand during monsoon

This year with the monsoon on time and good rains the collection of conge or apple snails is in full swing. From the river beds and fields to kitchens the monsoon delicacy remains in demand despite the fear of contacting coronavirus and the restrictions imposed by the lockdown.  Conge collection and selling is a regular economic activity and earns income …

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COVID-19 dampens Goa’s raincoat, umbrella market

The revival of small businesses dependent on monsoons is yet to start, finds out Shoma Patnaik Demand for raincoats, umbrellas, rainy shoes and monsoon related products have taken a hit this year due to the ongoing pandemic.  The onset of monsoons each year usually results in a seasonal spurt in sale of rainy wear and shoes. But with residents feeling …

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CII’s roadmap for economic revival from ongoing pandemic

Team B&C | NT The Confederation of Indian Industry (CII) has laid out a 10-point road map to revive growth and navigate the challenges of loss of lives and livelihoods posed by the global pandemic The roadmap for 2020-21, was unveiled by the newly elected president Uday Kotak recently. Emphasising on the imperative to bring back growth, the CII president …

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Two sides of the new income tax system

By Shivanand Pandit The admirable words of American writer, LH Anderson, “Be careful what you wish for, there’s always a catch,” applies to the taxpayers of India. Keeping the demand of taxpayers in mind, the Finance Minister had announced a new tax system during Budget 2020. The new system did away with superfluity of tax slabs and gave taxpayers a …

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Reimagining health care system in India

By DM Deshpande What was feared in the last few months seems to be coming true. Well, at least in metro cities of Delhi and Mumbai-shortage of hospital beds, medical personnel and equipments such as ventilators. Although some success has been achieved in terms of slowing the doubling rate of COVID-19 spread in the country, increase in the number of …

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Decriminalisation of various provisions of LLP Act on cards

The government plans to decriminalise various provisions of the Limited Liability Partnership (LLP) Act as part of efforts to provide greater ease of doing business as well as to de-clog the criminal justice system. More than 1.45 lakh LLPs are registered under the LLP Act and a bulk of them are small and medium enterprises. “The exercise to identify and …

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Alto retains India’s top car position for 16th straight year

Maruti Alto became the bestselling car in India for the 16th year in a row with 1.48 lakh vehicles sold in 2019-20. Launched in September 2000, Alto became India’s top selling car in 2004 and since then retained the position. The mass accepted hatchback has been adapting and reinventing to stay relevant to the fast evolving needs of customers. The …

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