Inflation is coming under control. You've got all the right tailwinds for growth. And so we hope that RBI will take a pause on rate hikes, says Sanjiv Bajaj, President, CII
Sanjiv Bajaj, president of Confederation of Indian Industry (CII) and managing director of Bajaj Finserv, talks to Nivedita Mookerji about his expectations from Budget 2023
In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago
Bajaj said even in states where it is the same party ruling as the Centre, one doesn't see the same level of focus, energy and interest
India is in a much better position to deal with the challenges related to growth and inflation, said Sanjiv Bajaj, President of industry body CII. According to official figures, India's retail inflation continues to remain above the Reserve Bank's tolerance level of 6 per cent since January, while the economic growth in the first quarter of the fiscal was 13.5 per cent, lower than the central bank's estimate of 16.2 per cent. "I don't want to say we don't have our own challenges with growth, with inflation but we are in a much better position and credit must go to everybody including the central and state governments. I don't see economic growth as an issue," Bajaj, who is also the CMD of Bajaj Finserv, told PTI. Tata Steel Managing Director and CII's former President T V Narendran also spoke to PTI and appreciated the efforts undertaken by states to attract investments. "There are complexities to solve but ... I feel the environment is encouraging investments, encouraging growth,
Sanjiv Bajaj asked the government to put more money in the pockets of the consumers by reducing personal income tax rates to revive consumption demand in the economy
The Confederation of Indian Industry president Sanjiv Bajaj on Wednesday asked the Central government to contemplate reducing the personal income tax rates to spur economic activities. The business tycoon also said the country's underlying growth drivers are strong and the economy would grow in the range of 7.4 per cent to 8.2 per cent in the next fiscal. "Putting more money in the pockets of the consumers is of vital importance to revive consumption demand in the economy. The government should contemplate a reduction in the rates of personal income tax in its next push for reform as this would increase disposable incomes and revive the demand cycle," Bajaj, who is chief managing director of Bajaj Finserv, said in a press conference. He was speaking to reporters as part of the CII's theme 2022-23 "Beyond India @75: Growth competitiveness, sustainability and internationalisation". The CII is also organising 'Sankalp Se Siddhi' in the city, in which Union Home Minister Amit Shah wil
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Bajaj said that to counter inflationary pressures, the central and state governments should cut taxes on petrol and diesel further
He takes over from T V Narendran, CEO and managing director of Tata Steel Limited
"With digitisation, a less monolithic structure is relevant for the future. But at the same time, there is certain solidity to being a bank because of the regulatory regime", said Bajaj
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Instead of extending the moratorium by another three months, it would have been better to allow lenders to offer a one-time restructuring only to those who need it, says Sanjiv Bajaj
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Surajeet Das Gupta asks him what is that magic mantra that made him the top player among India's consumer finance companies in less than a decade