On revenue generation, the CII maintained that at a time when tax revenue is stressed, stepping up non-tax revenue through spectrum sales and PSU divestment becomes crucial. To raise revenue, the government should sell all its stake in the Specified Undertaking of the Unit Trust of India (SUUTI) which can yield nearly Rs.50,000 crore to be used for investment.
On expenditure control of non-productive items, the CII recommends better targeting of subsidies by linking subsidies on fuel, fertilizers and electricity to direct benefit transfer. Fertilizer subsidy should be paid directly to farmers as cash transfers.
The Budget should announce some bold steps to address the problem of non-performing assets (NPAs) in the banking system. As of September 2015, NPAs constituted over 5 per cent of banks’ total advances. The government should consider the creation of a National Asset Management Company (NAMCO) which would take NPAs off the banks’ balance sheet and also focus on rehabilitation, recapitalisation and refinancing of banks. This would release capital, provide banks with lendable resources and restore their health.
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
‘As a brand, Puma is always looking for new and innovative ways to inspire ...
‘The terms eco-friendly and organic are common but everyone perceives them ...
Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd
Increasing prices and lack of demand main issues facing industry
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
About one in every 20 patients picks up an infection while hospitalised....
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
"You have to truly understand what your client wants, know her needs, what ...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Textiles | On 24th Jun 2017