HT Image
HT Image

CEOs optimistic about Modi govt's maiden budget

Two-thirds of Indian CEOs expect the economy to grow at between 5% and 6% this year. And an overwhelming 81% feel the India growth story will return to an 8%-plus trajectory only in 2016-17 or later.
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUL 05, 2014 07:40 PM IST

Here’s some good news: a little more than four out of ten (42%) companies expect to increase their levels of hiring this year. Another 42% expect to maintain hiring levels at last year’s levels. This means more jobs will be available in 2014-15.

This was among the findings of the Hindustan Times-MaRS CEO Survey, which shows that Indian industry is both optimistic and cautious and very pragmatic in its expectations.

Two-thirds of Indian CEOs expect the economy to grow at between 5% and 6% this year. And an overwhelming 81% feel the India growth story will return to an 8%-plus trajectory only in 2016-17 or later.

“The budget should increase the confidence of entrepreneurs to do business in India. It should be pro-growth and should contain a roadmap for the reforms to be implemented over the next five years,” said Harsh Goenka, chairman, RPG Group.

Apart from corruption and red tape, Indian industry has clearly identified retrospective tax as a major impediment. Three-fourth feel it will be scrapped in this budget, while an overwhelming nine out of 10 industrialists want it junked.

“India needs a clear implementation plan for sustained 10%-plus growth (target: 2020 under given conditions) and this must translate into broad-based income generation. Otherwise we will have permanently missed the bus to become a developed nation,” said Sidharth Birla, president, Federation of Indian Chambers of Commerce and Industry.

“The two important road maps Indian industry expects from the budget are infrastructure development and measures to accelerate industrial growth. The two governance measures to achieve these are steps to tackle corruption and cutting red tapes to facilitate decision making at the highest levels,” said Raghu Roy, managing director, MaRS.













SHARE THIS ARTICLE ON
app
Close
“Several steps have already been taken to implement clauses of the accord. I have come to reiterate the commitments made last year and assure that the Centre and state governments would fulfil all the promises made in the accord,” Shah said.(PTI)
“Several steps have already been taken to implement clauses of the accord. I have come to reiterate the commitments made last year and assure that the Centre and state governments would fulfil all the promises made in the accord,” Shah said.(PTI)

Bodo accord has brought peace to BTR, says Amit Shah in Assam

By Utpal Parashar, Guwahati
PUBLISHED ON JAN 25, 2021 04:52 AM IST
The Bodo Accord, the third peace deal with Bodo rebel groups, was signed in New Delhi on January 27 last year by the Centre with all four factions of National Democratic Front of Bodoland (NDFB), the All Bodo Students Union (ABSU) and United Bodo Peoples’ Organisation (UBPO).
Close
With the transfer of the case to the CBI, the Left Front government has ensured that two women-- Nair and Swapna Suresh, the principal suspect in a gold smuggling racket unearthed in July -- will be among the central characters in the campaign for the assembly elections due in April-May.(HT PHOTO.)
With the transfer of the case to the CBI, the Left Front government has ensured that two women-- Nair and Swapna Suresh, the principal suspect in a gold smuggling racket unearthed in July -- will be among the central characters in the campaign for the assembly elections due in April-May.(HT PHOTO.)

Kerala hands solar scandal probe to CBI

By Ramesh Babu, Thiruvananthapuram
UPDATED ON JAN 25, 2021 04:38 AM IST
The scandal centred around a fictitious solar energy company called Team Solar formed in 2013 by an alleged con woman named Saritha Nair and second husband, Biju Radhakrishnan, who boasted of their contacts with the CM’s office, and cheated people out of money by seeking investments with the promise of making them business partners or offering to install solar power units.
Close
From villages in western Uttar Pradesh, thousands of tractors had already left for Delhi, farm leaders said, even as the state police tried to persuade them not to participate in the rally.
From villages in western Uttar Pradesh, thousands of tractors had already left for Delhi, farm leaders said, even as the state police tried to persuade them not to participate in the rally.

Farmers across India prepare for Republic Day stir

By HT Correspondent, New Delhi
PUBLISHED ON JAN 25, 2021 04:33 AM IST
Thousands of vehicles from across Haryana, Punjab, the Terai region of Uttarkhand and western Uttar Pradesh started leaving for Delhi’s borders for the tractor rally, leading to heavy traffic on various roads, including the busy Delhi-Amritsar, Delhi-Jaipur, Delhi-Meerut highways.
Close
GGH superintendent Dr G Prabhavati said the hospital authorities had carried out all investigations after she was brought to the hospital.(HT Archives. Representative image)
GGH superintendent Dr G Prabhavati said the hospital authorities had carried out all investigations after she was brought to the hospital.(HT Archives. Representative image)

Andhra Asha worker dies after Covid vaccine dose, autopsy awaited

By Srinivasa Rao Apparasu, Hyderabad
PUBLISHED ON JAN 25, 2021 04:23 AM IST
The authorities at Guntur General Hospital (GGH) said Bokka Vijaya Lakshmi of Penumaka village, who was admitted to hospital with complaints of severe headache, giddiness, seizures and vomiting on Friday evening, died early on Sunday.
Close
Government has been making serious efforts to dispel concerns regarding the vaccines, for which it last week also launched a mass digital awareness campaign.
Government has been making serious efforts to dispel concerns regarding the vaccines, for which it last week also launched a mass digital awareness campaign.

1.6 million Covid jabs given, Karnataka sees highest turnout

PUBLISHED ON JAN 25, 2021 04:15 AM IST
Karnataka tops the list so far with maximum number of vaccinations at 191,443, followed by Odisha (152,371) and Andhra Pradesh (147,030). Close to 30,000 vaccination sessions have been conducted in the country so far at about 3,000 plus sites.
Close
In this file photo, Indian army trucks drive near Pangong Tso lake near the India China border in Ladakh area. (AP)
In this file photo, Indian army trucks drive near Pangong Tso lake near the India China border in Ladakh area. (AP)

India, China hold another round of military talks to defuse LAC tensions

By HT Correspondent, New Delhi
UPDATED ON JAN 25, 2021 12:07 AM IST
  • The situation in the Ladakh sector remains tense and the ongoing military and diplomatic dialogue has not yielded results.
Close
A woman walks past a painting of Indian Prime Minister Narendra Modi a day before the inauguration of the Covid-19 vaccination drive on a street in Mumbai, India, January 15, 2021. (REUTERS)
A woman walks past a painting of Indian Prime Minister Narendra Modi a day before the inauguration of the Covid-19 vaccination drive on a street in Mumbai, India, January 15, 2021. (REUTERS)

Covid-19 vaccination: Over 16 lakh inoculated in 9 days, Karnataka leads the way

Written by Arpan Rai, New Delhi
PUBLISHED ON JAN 24, 2021 11:07 PM IST
The government data also said that only 10 Adverse Events Following Immunization (AEFIs) have been reported till 7.30 pm on Sunday.
Close
Villagers said the district administration broke the lock of the main gate of Government Primary School and shifted the cows. (Representational image/HT Photo)
Villagers said the district administration broke the lock of the main gate of Government Primary School and shifted the cows. (Representational image/HT Photo)

In Tikamgarh district of MP, primary school converted into cow shelter

PUBLISHED ON JAN 24, 2021 11:01 PM IST
  • A school teacher said more than 200 cows destroyed the kitchen garden and at least 100 plants of flowers, fruits and medicinal plant in the school premises.
Close
Rahat Abrar said that the historic ceremony would be carried out by Vice Chancellor Professor Tariq Mansoor.(HT File Photo)
Rahat Abrar said that the historic ceremony would be carried out by Vice Chancellor Professor Tariq Mansoor.(HT File Photo)

Time capsule to be buried on Republic Day to mark 100 years of AMU

PTI, Aligarh
PUBLISHED ON JAN 24, 2021 10:59 PM IST
AMU spokesman Rahat Abrar said that "The steel capsule which weighs 1.5 tonne would be buried at a depth of 30 feet in front of Victoria Gate, the iconic structure, which marks the heart of this historic institution."
Close
The rally will be held from Delhi's three border points -- Singhu, Tikri and Ghazipur -- and adequate security will be provided to it, police said.(REUTERS)
The rally will be held from Delhi's three border points -- Singhu, Tikri and Ghazipur -- and adequate security will be provided to it, police said.(REUTERS)

Delhi Police Commissioner issues circular for tractor rally

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 10:57 PM IST
  • The circular said that all officers and personnel as well as CAPF and any other force deployed for the Republic Day Parade security arrangements should be made aware and be prepared that they will be required for law and order arrangements immediately after the official celebration is over.
Close
The police said no traffic will be allowed on Vijay Chowk from 6.00 pm on January 25 till the parade is over, wheras Rajpath is already out of bounds.(ANI)
The police said no traffic will be allowed on Vijay Chowk from 6.00 pm on January 25 till the parade is over, wheras Rajpath is already out of bounds.(ANI)

Delhi Traffic Police issues advisory for road movement ahead of Republic Day

ANI, New Delhi
PUBLISHED ON JAN 24, 2021 10:49 PM IST
  • Delhi traffic police requested road users to accordingly plan their journies and avoid the route of parade and tableaux, from 4 am to 12:30 pm for their own convenience.
Close
“I am thinking of Netaji, I am thinking of my countrymen” said the Prime Minister.
“I am thinking of Netaji, I am thinking of my countrymen” said the Prime Minister.

‘Thank you West Bengal’ tweets PM Modi as he shares video of his Kolkata visit

By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
UPDATED ON JAN 24, 2021 10:52 PM IST
The video includes pictures and videos of the Prime Minister’s at Victoria Memorial to mark the occasion of ParakramDivas, Shubhash Chandra Bose’s residence amongst others, with sound bites from his speech at the former added for effect.
Close
Union minister Smriti Irani, S Jaishankar shared photos with their daughters on the occasion of national Girl Child Day.
Union minister Smriti Irani, S Jaishankar shared photos with their daughters on the occasion of national Girl Child Day.

Gird Child Day: Leaders, eminent personalities laud contribution of daughters

PTI, New Delhi
PUBLISHED ON JAN 24, 2021 10:32 PM IST
India celebrates National Girl Child Day, an initiative of the ministry of women and child development, every year on January 24.
Close
The tiger skin that was seizied by the Chhattisgarh police on Sunday in Dhamtari district.(Sourced)
The tiger skin that was seizied by the Chhattisgarh police on Sunday in Dhamtari district.(Sourced)

Chhattisgarh police arrest man trying to sell tiger skin

PUBLISHED ON JAN 24, 2021 10:07 PM IST
  • According to the FIR registered by the police, the estimated value of the tiger skin that was seized is 40 lakh in the international market.
Close
File photo of Bihar chief minister Nitish Kumar.(HT Photo)
File photo of Bihar chief minister Nitish Kumar.(HT Photo)

Nitish Kumar wishes speedy recovery to Lalu, but won't call. Here's why

By hindustantimes.com | Edited by Amit Chaturvedi
PUBLISHED ON JAN 24, 2021 10:04 PM IST
Lalu Prasad Yadav was airlifted to Delhi from Ranchi where he is being treated for multiple ailments.
Close
SHARE
Story Saved
OPEN APP