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Raghav Khosla Publisher
011-28533196
OUT OF ORDINARY STEPS NEEDED TO REVIVE THE ECONOMY Amidst concerns over slowdown in growth due to the transient disruptions in the economy following GST implementation and the remaining over-hang of the demonetization, India Inc is looking up to the government to take a few 'out of ordinary' steps like relaxation of the fiscal deficit targets and increase in public spending to boost investment – led growth that would lead to more jobs and revival in consumer demand, the ASSOCHAM has said in its recommendations to the government. “At least 50 basis points elbow room can be taken with regard to 3.2 per cent fiscal deficit for the current year and the next financial year. The fiscal targets can be taken to 3.7 per cent, but with a strict oversight over quality of expenditure so that the extra resources are wisely spent in building and reviving investment in infrastructure sectors like roads, power, railways, ports etc,” the ASSOCHAM Secretary General Mr D.S. Rawat said, adding the situation requires immediate intervention of the government so that any disruptive impact of the Goods and Services Tax is minimized. For instance, in view of the difficulties being faced by the small and medium sized traders in filing of returns, ways must be found to reduce the compliance cost for the trade.
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EXCLUSIVE INTERVIEW
Sonia Prashar Managing Director Nürnberg Messe India Pvt. Ltd.
“Today, there are very few careers and areas where women have not broken the glass ceiling. I never considered my being a woman to be a disadvantage. Pa ence, natural ins nct, ability to improvise which are inheritant quali es of a woman has helped me in dealing with many challenging situa ons with calmness. Having confidence in self and being your natural self is important to ensure trust and respect from your team.”
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