NEW DELHI: The Confederation of Indian Industry (CII) has suggested excise duty cuts in petrol and diesel and a hike in key minimum wages in the upcoming Union budget to boost consumption amid high inflation.
In a statement on Sunday, the industry body said it wants to see targeted interventions to boost consumption, especially at the lower income level, including an increase in the daily minimum wage under the Mahatma Gandhi National Rural Employment Guarantee Scheme and raise in the annual payout under the PM-KISAN scheme.
"Domestic consumption has been critical to India's growth story, but inflationary pressures have somewhat eroded the purchasing power of consumers. Government interventions could focus on enhancing disposable incomes and stimulating spending to sustain economic momentum. Persistent food inflationary pressures particularly impinge upon low-income rural households who allocate a larger share to food in their consumption basket," said Chandrajit Banerjee, director-general, CII.
Bu hikaye Hindustan Times Pune dergisinin December 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Hindustan Times Pune dergisinin December 30, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Became responsible after becoming a father but workwise I have no boundaries: Tanuj
The past year has changed actor Tanuj Virwani as a person. Not only did he get married in December 2023, but within the first year also became a father on September 24, 2024.
Lakshya needs to find ways to get over the line: Vimal
After losing the India Open first round to Lin Chun-Yi of Chinese Taipei last week, Lakshya Sen had said that it \"just wasn't his day\". The worrying matter is that India's top men's singles shuttler hasn't had many 'good days' since the Olympic Games.
Centre Eyes Private Players For Onion Storage, Transport
Selected cos will source and store onions from hubs in Maha, K'taka and MP
Health influencer slammed for sharing 'beer-pizza' blood sugar hack
A few days ago, health influencer Rohan Sehgal shared a reel demonstrating what beer and pizza can do to blood sugar levels.
Paytm Q3 Consolidated Loss Narrows to ₹208.5 Crore
Fintech firm One97 Communications, which owns Paytm brand, has reported a narrowing of consolidated loss to ₹208.5 crore in the third quarter ended December 31, 2024 mainly on account of reduction in expenses across the board, mainly on payment processing charges and employee costs.
Blazer Dresses Are Having a Moment - Here's How to Nail the Look
This trend reflects a shift towards multifaceted fashion, where the lines between professional and playful blur, showcasing that style can be both empowering and effortlessly chic. Masumi Mewawalla, Fashion designer
Rising exam stress: Class 10, 12 students turn to helpline
With soaring stress and anxiety levels ahead of the crucial board exams for class 10 and 12 students scheduled in February and March this year, the Tele-MANAS (Tele Mental Health Assistance and Networking Across States) helpline, namely 14416, is receiving around six to eight calls daily from students seeking help in managing stress and anxiety; up from three to four calls being received by the helpline daily last year.
Donald Trump 2.0 and the limits of CEO as president
Donald J Trump has officially become the 47th President of the United States (US).
Draft Budget Delayed, Civic Chief Holds Meetings With Dept Heads
PMC Failed To Submit Budget Before Jan 15, As Per The Rules
China Executes 62-Year-Old Who Killed 35 in Zhuhai Car Rampage
China on Monday executed a man who killed 35 people in a car rampage in the southern city of Zhuhai in November, in the country's deadliest mass attack in years.