FICCI reiterates the call for PLI for aerospace manufacturing

The Federation of Indian Chambers of Commerce and Industry (FICCI) has reiterated its call for a manufacturing-related incentive to support aerospace manufacturing in the country. On Sunday, the Union Finance Minister announced customs duty exemptions on parts and components used in the manufacture of civil aircraft, training aircraft and other aircraft. Waiters on duty have […]

Budget is not a magic wand for growth; focus on reforms and fiscal discipline: Swaminathan Aiyar

As India targets GDP growth of 6.8% to 7.2%, questions arise about what it will take to maintain momentum – whether through higher capital expenditure, a boost to consumption, job creation, or a balanced mix of all three.However, Swaminathan Aiyar, Consulting Editor, ET Now, cautioned against viewing the Union Budget as a powerful lever that […]