Industrial Economist was founded with a vision to not only report on the economic landscape but also to contribute meaningfully to the discourse shaping...
Krishnamurthy Subramanian, Executive Director at the International Monetary Fund and the former Chief Economic Advisor, GoI, launched his book India@100: Envisioning tomorrow’s economic power...
The fiscal problems of Tamil Nadu need serious surgery and not band-aid treatment as hitherto. Herein lies a golden opportunity for Stalin -Thiagarajan to...
Tough Tasks for new government
Dravidian parties excelled in implementing several welfare schemes to improve the lot of citizens of Tamil Nadu. While these are...
In the statement of profit and loss for 2019-20, the profit before tax shown by Reliance Industries was Rs 40,316 crore on a revenue of Rs 365,202 crore. Continuous investments on fresh projects helped the company claim large amounts as depreciation/amortisation expense. These amounted to Rs 9728 crore for 2019-20. Such financial management had enabled the industrial giant to keep tax outgo pretty low: for the year current tax was shown as Rs 7200 crore and deferred tax as Rs 2213 crore.
Covid-19 has accelerated digital adoption. Be it virtual board meetings, virtual classes, online grocery shopping, virtual doctors or even shopping online for cars - we have seen it all in the last few months. Organisations, whether traditional companies or startups, are reorienting their business models to be more digital as a direct result of the Covid-19 impact on changing consumer behaviours.
Not your run of the mill startups
A clear and noticeable mindset change is ploughing through the startup ecosystem-all for the better. It can be argued that it is coming a little late, but it surely is wasting no time now to catch up and lead all the way.
Missed IE Webinar on March 27th? Watch the video here..
Shri. M V Satish, Whole Time Director and Senior Executive VP(Buildings),L&T Constructions shares about the...
ECONOMIC SURVEY 2020-21
Optimism over economic growth...
Economic Survey projects a 11 per cent growth for 2021-22 and a 6.8 per cent growth for the year 2022-23. A big step-up in expenditure for health and infrastructure and a bold thrust on privatisation are among the other highlights.
THE GDP GROWTH is set to increase by 11 per cent (15 per cent in nominal terms) in 2021-22. Chief Economic Adviser K Subramanian, author of the Survey, said deficit control exercise should be reserved for better times. Even IMF has urged support for growth in expenditure in critical situations as at present.
2020-21 HAS BEEN one long year of budgets. The Covid-19 pandemic threw to winds the estimates, priorities and the very framework of the budget presented a year ago on 01 February 2020. We witnessed continuous attempts at fiscal corrections to cope with the enormity of the Covid-19 dislocations. Finance Minister Nirmala Sithara- man presented Atmanirbhar Bharat packages 1.0, 2.0 and 3.0 in quick succession. Reserve Bank Governor also announced a few monetary measures. These together were estimated to cost Rs 27.1 lakh crore that amounted to over 13 per cent of the GDP
