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Category: Domestic Economy

Duty on imported books could restrict flow of knowledge

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The Budget 2019-20 imposed an import duty of 5% on foreign-made books. I have been working in the publishing industry since 1974 and have not seen any customs duty on import of educational books. As part of the budget, the...
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Healthcare sector needs further impetus from the government

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India’s healthcare landscape is changing. We are swiftly moving towards the realization that health is crucial for sustainable development, both as an undeniable human right and an essential contributor to our economic growth. While the government has taken several comprehensive initiatives...
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Budget recognises potential of aviation to transform economy

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Finance Minister Nirmala Sitharaman’s first-ever budget could be a watershed in the history of India’s aviation industry. Perhaps for the first time, the budget has unambiguously recognised the potential of the aviation industry to accelerate economic growth by ensuring...
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Well defined roadmap for agriculture still need of the hour

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Considering the farm distress, a larger focus on agricultural sector in the Budget was expected. The recent announcement earlier this month outlined creating a high-powered committee of Chief Ministers for transformation of Indian agriculture and we assume that this...
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Budget aimed at building a Better India

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The Union Budget 2019 has focused on a Better India. The Finance Minister laid down various initiatives to position the country as a global hub for industry and academia. Whether it be 100% FDI for insurance intermediaries or Study...
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Manufacturing excellence needed to be globally competitive

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India has seen gradual transformation in last 70 years from agro-based to industry-based economy. Though the agriculture GDP has grown with time, its contribution in nation’s GDP has gradually reduced from 52% to 17% and that of industry and...
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