+
Budget expectations 2021: ASSOCHAM
ECONOMY & POLICY

Budget expectations 2021: ASSOCHAM

In our CW Budget 2021 series, we cover expectations from associations that represent our industries. Here is a list of expectations from Budget 2021 from ASSOCHAM, which was established in 1920 as an association of more than 250 business chambers and trade associations. ASSOCHAM has especially focused in recent decades on technology and the knowledge industries.

ASSOCHAM states that the government's mission of a $5 trillion economy with Atmanirbhar Bharat objective continues to attract global investment in backdrop of measures taken to improve ease of doing business and innovative policy reforms. The important points in ASSOCHAM’s recommendations are as follows:

  • Assuring ''vibrancy" in the forthcoming Budget
  • Ensuring that public spending on infrastructure development would be sustained even as the prospects of vaccines against Covid-19 have brought in additional confidence for revival of the economy.
  • To further rationalize individual taxation.
  • Strengthening the manufacturing sector along with supporting the micro, small, and medium enterprises (MSMEs).
  • Measures to strengthen the non-banking finance (NBFC) sector as millions of entrepreneurs and MSMEs involved in infra activities depend on the infrastructure / asset financing NBFCs for their credit needs.
  • Single-minded focus on increasing domestic production.
  • Speeding up the process of disinvestment.

In our CW Budget 2021 series, we cover expectations from associations that represent our industries. Here is a list of expectations from Budget 2021 from ASSOCHAM, which was established in 1920 as an association of more than 250 business chambers and trade associations. ASSOCHAM has especially focused in recent decades on technology and the knowledge industries.ASSOCHAM states that the government's mission of a $5 trillion economy with Atmanirbhar Bharat objective continues to attract global investment in backdrop of measures taken to improve ease of doing business and innovative policy reforms. The important points in ASSOCHAM’s recommendations are as follows: Assuring ''vibrancy in the forthcoming BudgetEnsuring that public spending on infrastructure development would be sustained even as the prospects of vaccines against Covid-19 have brought in additional confidence for revival of the economy.To further rationalize individual taxation.Strengthening the manufacturing sector along with supporting the micro, small, and medium enterprises (MSMEs).Measures to strengthen the non-banking finance (NBFC) sector as millions of entrepreneurs and MSMEs involved in infra activities depend on the infrastructure / asset financing NBFCs for their credit needs.Single-minded focus on increasing domestic production.Speeding up the process of disinvestment.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

India’s Global CE Connect

India’s construction equipment industry is entering a phase where scale is increasingly being matched by productivity, technology, localisation and lifecycle economics. Against this backdrop, bauma ConExpo India 2026, scheduled for September 15-18 at the India Expo Centre, Greater Noida, will bring the global and Indian construction machinery ecosystem together.The eighth edition is expected to be the largest yet, with the exhibition sold out across around 1.45 million sq ft. More than 1,100 exhibitors from over 100 countries are expected to participate, with visitor numbers projected to exc..

Next Story
Real Estate

Orris, Godrej Properties Settle Dispute Over Gurugram Project

Orris Infrastructure and Godrej Properties Limited have reached an amicable settlement over matters related to the jointly developed Godrej Air project in Gurugram, bringing an end to the dispute between the two companies.The Bombay High Court, while hearing a petition filed by Orris Infrastructure, ordered the immediate and unconditional release of Orris Managing Director Amit Gupta on August 25, 2026, after being informed about the settlement agreement between the parties.A single-judge bench led by Justice Milind N. Jadhav noted that in view of the settlement agreement signed by both compan..

Next Story
Infrastructure Urban

Panasonic Launches Second Cycle of Startup Co-Creation Programme

Panasonic Life Solutions India (PLSIND), through its IGNITION Open Innovation platform, has announced the second cycle of Co.lab Studio, a startup collaboration initiative focused on developing scalable digital services and solutions.The new cycle will focus on Safety & Security and Daily Living solutions for communities by leveraging Panasonic’s AI and IoT-enabled connected living platform, MirAIe. The programme aims to help startups move from innovation concepts to pilot deployments, platform integrations and commercialisation-ready solutions.The first cycle of Co.lab Studio received 1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code