Govt appoints Venkatraman Anantha Nageswaran as new Chief Economic Advisor
India | January 28, 2022 20:42 ISTNageswaran was a former member of the Prime Minister’s Economic Advisory Council (PMEAC).
Nageswaran was a former member of the Prime Minister’s Economic Advisory Council (PMEAC).
"The industry saw significant momentum over the past year, especially in ensuring access to COVID-19 vaccines and medicines and this year's Budget will be crucial to accelerate sectoral growth and access to innovative health solutions across various diseases and not COVID alone", said S Sridhar,President of Organisation of Pharmaceutical Producers of India
The meeting is called before every Parliament session to decide the party's strategy. The Budget Session of Parliament starts on January 31 with the president's address to the joint sitting of both houses. The Union Budget will be presented on February 1.
As per the Covid protocols, the Rajya Sabha will function from 10 am to 3 pm, and the Lok Sabha from 4 pm to 9 pm, except on February 1 when the Budget will be presented in Lok Sabha.
The Telangana government, which has been unhappy with the Central government for doing "injustice" to the state in successive budgets, has put forward the sector-wise list of demands ahead of presentation of the Union Budget on February 1. The state has reiterated many old demands.
Finance Minister Nirmala Sitharaman will present her fourth budget on February 1 and according to sources, the Central government is going to increase the outlay for the rail budget this time by 15-20 per cent. Last year, the government had allocated Rs 1,10,055 crore to the Railways.
In last year's Budget, Finance Minister Nirmala Sitharaman had announced Rs 1,500 crore to further accelerate digital payments' growth in the country.
According to the travel agents body, concrete steps should be taken to improve cash flows and reduce the working capital burden on startups, along with access to easy credit, reducing income tax rate and GST rate, abolishment of tax collected at source (TCS) and wage support with ease of business.
Budget 2022: The healthcare sector wants the government to allocate funds for the development of resources to strengthen the monitoring system of the health status of the public and push the research and development to discover products to address health-related issues.
The Federation of Automobile Dealers Association (FADA), which represents over 15,000 automobile dealers having 26,500 dealerships, noted that two-wheelers are not a luxury item and hence GST rates need to come down.
The average ticket size of a home-loan of young borrowers has continued to increase over the last 5 years, with a CAGR of 6.2 per cent. The ticket size continues to increase more for women than men.
At a time when we welcome year 2022 which has too arrived with the third wave looming around, let's take a look at what heads of different business organsations have to say about challenges they faced in 2021 and what they hope for future.
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