Deeptech policy in final stages: DPIIT Secretary
Deep tech encompasses advanced technologies, many of which are still in development but hold potential for causing significant disruptions in the future, says RK Singh.
Deep tech encompasses advanced technologies, many of which are still in development but hold potential for causing significant disruptions in the future, says RK Singh.
Singh, who took over as the Assocham President last week, also said India continues to be a bright spot in the global economy.
The survey finds out that the corporate world also wants the government to leave more money in the hands of the middle and lower middle class people.
Assocham also called for relief on the direct tax front, given the buoyancy witnessed in tax collection in the current financial year.
Private companies are not going full throttle to expand capacities despite deleveraged balance sheets, higher profitability and a healthy banking system ready to back their ambitions.
Assocham's pre-budget memorandum to the finance ministry pointed out that the Finance Act of 2019 increased the surcharge on individual taxpayers.
As several reports attest, India is seeing a rise in gig economy jobs, both in the blue-collar and white-collar segments, with the pandemic accelerating this trend.
The trade body also said fiscal incentives and sustained public investment on infrastructure will spur demand.
Government agencies are drafting new rules to ensure organic products are truly so. Any move to build customer confidence for organic products is bound to increase their demand.