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Industry expects Shaktikanta Das to address liquidity issue urgently: CII
Wed, Dec 12, 2018
"The announcement enables a smooth transition process and ensures that stability will be maintained. The Government, in selecting an experienced economic expert, has avoided disruption and imparted huge confidence to investors and industry," CII President Rakesh Bharti Mittal said.
Ficci says Dena Bank, Vijaya Bank and Bank of Baroda merger progressive
Tue, Sep 18, 2018
"This is a progressive move and signifies the government's determination to strengthen the banking sector in the country for a better performance and service delivery," said Rashesh Shah, President of Ficci.
Independence Day 2018: How industry reacted to PM Modi's resolve to place India among top economies
Wed, Aug 15, 2018
Terming Prime Minister Narendra Modi's speech as progressive, industry bodies today said his nearly 90 minutes address to the nation from historic Red Fort reiterated the growing confidence of the world in the Indian growth story.
This is what is to blame for falling FDI inflows in India
Fri, Jul 13, 2018
The foreign direct investment (FDI) equity inflows in India have grown at their lowest level in the past two years despite various measures undertaken by the government, according to CARE Ratings in its latest report. It was $43.478 billion in FY17 and $44.857 billion in FY18.
Fixed term employment to trigger job creation: Ficci
Wed, Mar 21, 2018
Ficci President Rashesh Shah said the move will help companies to employ people for a fixed duration for which they have orders or assignments and there will be no burden of carry-over of extra labour force during the lean season
Quarterly GST returns filing may be extended to all companies
Thu, Feb 22, 2018
The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for all businesses to file their taxes.
FICCI partners CSCC to promote SC-ST entrepreneurs
Tue, Dec 26, 2017
Industry body FICCI today said it has signed an agreement with the Center for the Study of Caste and Capitalism (CSCC) and its digital arm Inclusivity.In to promote the interest and growth of entrepreneurs belonging to scheduled castes and scheduled tribes.
By 2022, 9% Indians will be in jobs that do not exist today: Reports
Wed, Dec 13, 2017
According to the FICCI-Nasscom & EY report, there would be a job slowdown for the next two years as companies struggle to restructure their business models, and by 2022, the entire job landscape would undergo drastic change.
India Inc expresses disappointment over RBI's policy status quo
Wed, Dec 06, 2017
India Inc today expressed disappointment over RBI's decision to hold fire, saying there is a need to revive domestic demand and encourage investment through lower cost of capital to crank up growth.
Industry pushes lower corporate tax in pre-Budget meet with FM Jaitley
Wed, Dec 06, 2017
Corporate India today sought lower tax and more incentives for investments while exporters called for quicker GST refunds at a meeting with Finance Minister Arun Jaitley in the run-up to the last full-year Budget of the NDA government before 2019 general elections.
India Inc pitches for cut in interest rates by RBI
Mon, Oct 16, 2017
Reacting to the numbers, Ficci (Federation of Indian Chambers of Commerce and Industry) President Pankaj Patel said overall, inflation remains within RBI's indicative trajectory and this is an encouraging sign.
Challenge lies in IBC's successful implementation: SC judge
Sat, Jul 29, 2017
Emphasising that the Code is important for the country's economy, Justice Sikri said interpreting the law is also a challenge before National Company Law Tribunal (NCLT) and Insolvency and Bankruptcy Board of India (IBBI).
New consumer protection bill could be next big game changer
Sat, Jul 29, 2017
The Bill defines e-commerce while at the same time empowering the Centre to make rules for preventing unfair trade practices in online trade. It also brings new forms of trade under the purview of the act to safeguard the interests of consumers further.
Higher cess on cigarettes to impact tobacco farmers
Wed, Jul 19, 2017
According to the TII, the country will also see a increase in the illegal cigarette trade due to such a increase of taxation on the legal cigarette industry.
Digital payments rose last year more than the past five years, Niti Aayog says
Mon, Jul 03, 2017
According to Niti Aayog demonetisation increased by 55% in FY17 subsequent to demonetisation drive. In value terms, growth of digital payment stood at 24.2% in FY17.
GST rollout to boost India's economy: Ficci
Thu, Jun 29, 2017
GST will ease the burden of taxpayers in understanding and complying with tax laws and help in reducing the generation of black money, Ficci said.
TCS under GST would have slowed down e-commerce, economic growth, job creation, says FICCI
Tue, Jun 27, 2017
FICCI says that the TCS provision under GST would have led to a slowdown in e-commerce, economic growth and job creation as it would have a direct impact on sellers on these platforms.
15% of India's GDP is from fake goods, Survey finds
Mon, May 15, 2017
In just 7 sectors of India, the illicit trade of fake goods has crossed Rs 1.05 lakh crore, representing a multi-billion-dollar industry globally that continued to grow. FICCI CASCADE reports found that approximately 8-15% of India's GDP was made up of fake goods dealings.
Indian economy to grow at 7.4% this year, FICCI Survey finds
Mon, May 15, 2017
KEY HIGHLIGHTS: 1. Indian economy to grow between 7% to 7.6% this year. 2. Agricultural sector is estimated to growth at 3.5% in 2017-18 3. Majority of economists surveyed supported Universal Basic Income
Govt aims to connect 90% of India with internet by next year
Wed, Apr 05, 2017
According to the data from Telecom Regulatory Authority of India (TRAI), till December 31, 2016, the country had 391.50 million internet subscribers.