CII Communique - February, 2010

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Congratulations Padma Awardees Padma Shri Venu Srinivasan, President, CII, and Chairman & Managing Director, TVS Motor Company Padma Vibhushan Prathap C Reddy, Executive Chairman, Apollo Hospitals Group Padma Bhushan Manvinder Singh Banga, President, Foods, Home & Personal Care, Unilever Padma Bhushan S.P. Oswal, Chairman, Vardhman Group Padma Bhushan Dr. Karsanbhai Khodidas Patel, Chairman, Nirma Ltd. Padma Bhushan Dr. Kushal Pal Singh, Chairman, DLF Ltd. Padma Bhushan Narayanan Vaghul, Former Chairman, ICICI Bank Ltd. Padma Shri Anu Aga, Director, Thermax Ltd Padma Shri Dr. Philip Augustine, Managing Director, and Chief Executive Officer, Lakeshore Hospital Padma Shri T.N. Manoharan, Past President, Institure of Chartered Accountants of India, and Director, MCA Management Consultants Pvt. Ltd. Padma Shri Dr. Kurian John Melamparambil, President, Melam Charities International Padma Shri Deepak Puri, Chairman & Managing Director, Moser Baer India Ltd. 4 | February 2010 Communiqué
economy cover story Pre-Budget Recommendations Sustaining Inclusive Growth CII, in its Pre-budget Memorandum 2010-11 to the Ministry of Finance, has made recommendations to address the challenges of sustaining and even accelerating economic recovery, while reigning in fiscal deficit, towards double-digit inclusive growth in GDP The Union Budget 2010-11 is being presented amidst the situation of the economy emerging out of the financial meltdown. Having hit the bottom of slowdown around the first half of the last year, the economy has begun its journey back to normalcy. Economic growth, industrial production, exports, imports, employment, etc, have all begun to reflect some assuring signs of recovery. Now, the pertinent question is: have we left the worst of the financial crisis behind us? The answer is: no. It may be a bit early to say that we are out of the woods, as the risk of double-digit recession is still not fully ruled out. Any slip on policy at this juncture could reverse the trend of recovery. It is this risk which has made the job of managing recovery as challenging (if not more) as fighting the crisis was. The Budget 2010-11 will have to address the challenge of sustaining and even accelerating economic recovery. While doing so, it will simultaneously have to look at reigning in fiscal deficit, which has ballooned to an unsustainably high level. Besides this, it would also be expected to keep in focus the medium to long term objective of propelling industrial growth to the next level, which is considered necessary to achieve double-digit inclusive growth in GDP. CII, in its Pre-budget Memorandum 2010-11, submitted to the Ministry of Finance, has made recommendations keeping in view these broad challenges. Some of the key recommendations made in the memorandum are summarized here. 6 | February 2010 Communiqué
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Page 6 and 7: cover story Reign in Fiscal Deficit
Page 8 and 9: cover story technologies, which hav
Page 10 and 11: cover story reduce the fiscal defic
Page 12 and 13: india & the world spotlight The Par
Page 14 and 15: spotlight G K Vasan, Minister of Sh
Page 16 and 17: spotlight Davos and hosted by Mr Vi
Page 18 and 19: agriculture seeds, accommodating ne
Page 20 and 21: agriculture & food processing indus
Page 22 and 23: defence CII-KPMG Report Opportuniti
Page 24 and 25: energy sectoral synergies CII Deleg
Page 26 and 27: sectoral synergies infrastructure T
Page 28 and 29: etail sectoral synergies The Nation
Page 30 and 31: towards excellence competitiveness
Page 32 and 33: quality towards excellence CII Char
Page 34 and 35: msmes manufacturing services Report
Page 36 and 37: msmes 1. Government should set up a
Page 38 and 39: CII Pavilion at Tripura Fair L.K.Gu
Page 40 and 41: Africa South Africa The CII - India
Page 42 and 43: eport Bank of Japan holds Interest
Page 44 and 45: eport Dato’ Seri Mohd Najib Tun A
Page 46 and 47: eport Europe Germany Economy An une
Page 48 and 49: eport Co-moderating the session, Mr
Page 50 and 51: eport government has again conveyed
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egions Himalaya Drug Company. More
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egions project, free guides were gi
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CII Communique - February, 2010

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