FICCI

  • India Inc hails BRICS pact to set up New Development Bank July 16, 2014

    New Delhi: Terming as "historic" the pact on establishment of a New Development Bank at the BRICS Summit, India Inc on Wednesday said that the move was likely to strengthen economic cooperation between the five-nation grouping, help stave off future economic crises and boost infra development. "Agreements on setting up of...
  • Ficci backs Modi government proposal to enhance FDI in Defence June 14, 2014

    New Delhi: Endorsing the government's proposal to liberalise FDI in the country's defence sector, Ficci on Friday said that the move will raise manufacturing capability and could be used to achieve self reliance in critical defence technologies. "Ficci welcomes the proposal put forth by the Ministry of Commerce & Industry to...
  • 'Government can cut subsidy bill by 1 pc without causing pain' June 10, 2014

    New Delhi: The government can cut down its subsidy bill by up to 1 per cent of the GDP without causing much pain to people, Principal Economic Adviser, Ministry of Finance, Ila Patnaik said on Tuesday. "I don't think it is (fiscal consolidation) that hard, because when you look at...
  • Arun Jaitley begins consultations for his maiden national budget June 5, 2014

    Finance Minister Arun Jaitley on Thursday began consultations with various stakeholders ahead of the final national budget to be presented next month, in the first such exercise both for him and the Narendra Modi government. The finance minister first met with representatives of the farm sector, including noted agriculture scientist and...
  • FICCI delegation meets FM; suggests pre-budget measures June 1, 2014

    New Delhi: A FICCI delegation on Sunday called on new Finance Minister Arun Jaitley and suggested to him that the government declare as a policy that retrospective action shall not be resorted to, except in rarest cases. A slew of pre-budget suggestions by the industry body also included implementation of comprehensive...
  • India Inc lay out agenda for new government May 19, 2014

    New Delhi: Pitching for a more industry-friendly business climate, India Inc on Monday asked the incoming government led by Narendra Modi to initiate steps aimed at promoting investments and reviving manufacturing, while putting in place a non adversarial tax regime. "They need to resolve the retrospective and other taxation matters and...
  • India Pavilion a great success at Cannes: FICCI May 19, 2014

    New Delhi: The India Pavilion at the 67th Cannes Film Festival organised by the information and broadcasting ministry has been a big draw over the past three days, the co-organisers Federation of Indian Chambers of Commerce and Industry (FICCI) said Monday. Designed as a platform for stakeholders to market their films,...
  • Actor-filmmaker Kamal Haasan to lead official Indian delegation to Cannes May 13, 2014

    New Delhi: Actor-filmmaker Kamal Haasan, who is also chairman of FICCI Media and Entertainment Committee-South, will lead the Indian delegation to the 67th Cannes International Film Festival, which begins Wednesday. Apex business chamber in India - the Federation of Indian Chambers of Commerce and Industry (FICCI), for the first time this...
  • SC ruling on telcos audit may apply to other areas: FICCI April 18, 2014

    New Delhi: Stating that the Supreme Court's ruling to allow CAG to audit accounts of telecom firms may have 'much wider ramifications' and could be applied to other areas subsequently, FICCI on Friday said the episode raises serious questions on the sanctity of Indian contracts. The Supreme Court on Thursday...
  • India Inc wants BJP to reconsider stand on FDI in retail April 7, 2014

    New Delhi: Dismayed by the BJP's decision to say no to FDI in multi-brand retail in its election manifesto, India Inc has urged the party to reconsider its stand, saying the move may send a wrong signal to overseas investors. However, industry bodies have welcomed other promises made in the manifesto...
  • Cinema reflects society, society rarely reflects cinema: Kajol March 13, 2014

    Mumbai: Actress Kajol Wednesday attended a special session at the 15th edition of FICCI Frames 2014 and said it's unfair to say that one gets influenced by watching cinema. The star of films like 'Dushman' and 'Dilwale Dulhania Le Jayenge', was speaking on the ideas behind censorship guidelines. "My kids are in...
  • 5-day Hyderabad air show to start on Wednesday March 11, 2014

    Mumbai: The fourth edition of the Hyderabad international air show will kick off on Wednesday, which is likely to see signing of some big ticket deals by the domestic aviation players. The show, with the theme 'Enhancing Air Connectivity' is being jointly organised by the aviation ministry and industry body FICCI...
  • Duty relief helpful if it works for a long time: FICCI February 17, 2014

    FICCI president Sidharth Birla said that the government has given some duty relief but we have to see the duration of it. But if it works for a long time, it will be very helpful. The auto-mobile industry was in a bad state and he has tried to help it...
  • Indian economy may grow by 4.8 pc this fiscal: FICCI survey February 11, 2014

    New Delhi: An industry survey has showed that economic growth for the current fiscal may slip to 4.8 per cent from 5 per cent estimated earlier. "Industrial sector has remained weak for the current fiscal owing to persistent weak demand and lackadaisical investments," the FICCI survey said. It also said factory...
  • Modi's pitch for industry leaders, to meet 400 CEOs today January 17, 2014

    New Delhi: Strengthening his pitch to India Inc, Gujarat Chief Minister Narendra Modi will address hundreds of CEOs in Delhi on Friday. Modi is scheduled to speak at the Cyber Media ICT Business Awards which would be attended by nearly 400 industry leaders. The BJP prime ministerial candidate will also hold...
  • I also faced molestation, says Olympic medal-winning boxer Mary Kom January 17, 2014

    Olympic medal-winning boxer MC Mary Kom on Thursday said she had also faced a sex attack when she was 18, but managed to overpower the assaulter. The boxer expressed concern over women's safety in India and urged them to go for physical training to fend off attackers. "I would urge them to...
  • India facing tax terrorism: Narendra Modi January 15, 2014

    New Delhi: BJP prime ministerial candidate Narendra Modi on Wednesday called for a viable tax model in the country saying that the country was presently facing tax terrorism. "India is facing tax terrorism, which is dangerous. Things should be simplified and I believe that all stakeholders should sit together, brainstorm...
  • Leadership matters a great deal, India needs a strong leader: Modi January 15, 2014

    Gandhinagar: Gujarat Chief Minister Narendra Modi targeted Congress-led UPA government in his speech at a FICCI event on Wednesday saying that the nation wanted a strong leadership that could take bold decisions. The nation lacked trust in the leadership and that there was a need to bridge this trust deficit...
  • FICCI unveils economic agenda for long-term growth January 6, 2014

    Industry chamber FICCI on Monday stressed the need to strengthen key enablers of enterprises and job creation for sustained high growth. “We wish to see India get back to a high growth track. Adding 10-12 million jobs annually requires a growth of 8-9 per cent over a long period,” newly-elected FICCI...
  • Rahul Gandhi roots for strong growth, says corruption 'bleeding' India December 21, 2013

    New Delhi: Congress Vice President Rahul Gandhi admitted that corruption was one of the biggest menace plaguing India and the country urgently needed to be put back on the high growth trajectory while addressing India Inc at the FICCI Annual General Meeting (AGM) in New Delhi on Saturday. In his...
  • India should have politician as PM, says Jaitley January 6, 2014

    New Delhi: In an apparent attack on Prime Minister Manmohan Singh, BJP leader Arun Jaitley on Saturday said that the country cannot afford to have non-politicians as the leader of the government. Addressing a gathering at the 86th annual general meeting of FICCI, Jaitley attacked the ruling United Progressive Alliance, saying...
  • India-US commercial ties to grow: Anand Sharma December 21, 2013

    New Delhi: Commerce and Industry Minister Anand Sharma on Saturday said that the commercial ties between India and the US will not be impacted by the arrest of an Indian diplomat in New York and the "relationship will go stronger". "In mature democracies issues get addressed. Issues are not allowed to...
  • Jharkhand invites investments, assures faster project clearance November 26, 2013

    Inviting investments in Jharkhand, Chief Minister Hemant Soren, on Monday assured industry of all possible help for launching projects, including faster clearances and approvals to their projects. “Jharkhand has never disappointed industries. I think there have been some delusions on investments due to some past things, it is all gone now,”...
  • Indian business see opportunities in Afghanistan, says Salman Khurshid November 18, 2013

    External Affairs Minister Salman Khurshid on Monday cited the 1961 Hindi film "Kabuliwala" to stress on the close links and trade ties between India and Afghanistan and said India has an "open arms approach" to Afghanistan. Addressing a conference "Doing Business with Afghanistan" at the FICCI house in New Delhi, Khurshid...
  • Ghana president John Dramani Mahama to visit India November 4, 2013

    Ghana President John Dramani Mahama will pay an official visit to India Nov 10-13, the external affairs ministry said on Monday. The president will be accompanied by Ghana's ministers of foreign affairs, finance and economic planning, trade and industry and information and media relations besides senior government officials. He will hold discussions...
  • Rate hike to hit already subdued investments, growth: India Inc October 29, 2013

    Hike in the key interest rate by RBI on Tuesday will hit the already weak investment momentum and impact India's economic growth, India Inc said. "This has disappointed the industry especially as the investment climate continues to be weak and growth outlook remains muted as a high interest rate regime deters...
  • 'Rajasthan textiles garnering interest from Latin America and Africa' October 4, 2013

    Jaipur: Rajasthan's textiles have garnered interest from new markets like Latin American and Africa through the state's annual textile fair, a state government official said on Friday. "The effort is in keeping with the policy of the union government to explore new markets under the focus market scheme," said Naveen Mahajan, managing...
  • Rules on Land Acquisition Bill to be framed in two months, says Jairam Ramesh September 19, 2013

    Rules regarding Land Acquisition Bill, which was recently cleared by Parliament, will be notified within two months and would address the concerns of industry and other stakeholders, Rural Development Minister Jairam Ramesh said in New Delhi on Thursday. An advisory committee will be set up shortly to vet the said rules...
  • Will take final view on NSEL issue in few days: Pilot September 12, 2013

    New Delhi: Ministry of Corporate Affairs is expected to take a final decision regarding its course of action in the NSEL payment crisis, in the next few days. "Ministry of Corporate Affairs is examining (NSEL's) non-compliance with the companies law and in a day or two we are going to take...
  • Rajan must cut rates,expedite bank licences to boost growth: FICCI September 6, 2013

    Industry body Ficci on Friday said newly-appointed RBI Governor Raghuram Rajan should lower interest rates, reduce CRR and SLR, strengthen corporate bond market, fast track issuance of new bank licences and float rupee bonds to provide a fillip to investments and boost economic growth. "RBI should lower the interest rates at...