Budget expectations 2021: ASSOCHAM

20 Jan 2021 CW Staff

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.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..