An Open Letter

Smt. Nirmala Sitharaman,Hon’ble Minister of Finance,Ministry of Finance,Government of India  Hon’ble Finance MinisterNirmala Sitharaman, The construction industry employs 35 million people, which is more than the population of Australia or Malaysia, and contributes 8 per cent of India’s GDP. Unlike manufacturing, this sector takes months to mobilise the 4Ms – men, materials, machines and money […]

Avoid a hard landing

The UPA government subjected the infrastructure sector to policy paralysis, environment clearance roadblocks and high-intensity redtape. The NDA government fought tooth and nail to bring about an ordinance when all other measures failed to get all parties onboard the Land Acquisition Act. This was necessitated as the methods for acquiring land under the dated Land […]

The ‘Right’ Step

The economy received a shot in the arm, as contrary to its perceived stance the government swung right. It took the bold and decisive step of cutting tax rates by 10-25 per cent for domestic companies. For new manufacturing investments, companies can now avail of a tax rate of 17 per cent provided the new […]