Ficci

  • India Inc wants BJP to reconsider stand on FDI in retail 07-04-2014 06:16 PM

    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...
  • Cinema reflects society, society rarely reflects cinema: Kajol 13-03-2014 11:51 AM

    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...
  • 5-day Hyderabad air show to start on Wednesday 11-03-2014 05:42 PM

    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...
  • Duty relief helpful if it works for a long time: FICCI 17-02-2014 06:13 PM

    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 27-01-2014 08:55 PM

    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...
  • Modi's pitch for industry leaders, to meet 400 CEOs today 17-01-2014 08:42 AM

    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...
  • I also faced molestation, says Olympic medal-winning boxer Mary Kom 16-01-2014 10:38 PM

    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...
  • India facing tax terrorism: Narendra Modi 15-01-2014 05:09 PM

    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 15-01-2014 12:28 PM

    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 06-01-2014 05:31 PM

    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...
  • Rahul Gandhi roots for strong growth, says corruption 'bleeding' India 21-12-2013 06:21 PM

    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 21-12-2013 05:41 PM

    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,...
  • India-US commercial ties to grow: Anand Sharma 21-12-2013 05:00 PM

    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...
  • Jharkhand invites investments, assures faster project clearance 26-11-2013 12:03 AM

    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...
  • Indian business see opportunities in Afghanistan, says Salman Khurshid 18-11-2013 05:54 PM

    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,...
  • Ghana president John Dramani Mahama to visit India 04-11-2013 07:28 PM

    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...
  • Rate hike to hit already subdued investments, growth: India Inc 29-10-2013 05:08 PM

    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...
  • 'Rajasthan textiles garnering interest from Latin America and Africa' 04-10-2013 08:33 PM

    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,...
  • Rules on Land Acquisition Bill to be framed in two months, says Jairam Ramesh 19-09-2013 06:31 PM

    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...
  • Will take final view on NSEL issue in few days: Pilot 12-09-2013 06:18 PM

    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...
  • Rajan must cut rates,expedite bank licences to boost growth: FICCI 06-09-2013 03:56 PM

    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...
  • Keeping close watch on situation in Syria: Salman Khurshid 03-09-2013 05:26 PM

    India on Tuesday said it was keeping a close watch on the situation in Syria amidst an increased likelihood of a military intervention by Western powers in the civil war raging in the country. "We are in touch with our Mission (in Syria)... We also have our line of credit...
  • Availability of insurance, vessels for carrying oil from Iran is an issue: Khurshid 03-09-2013 04:49 PM

    New Delhi: India on Monday said there were a host of issues concerning import of oil from Iran, especially the drying up of banking channels, but it was in touch with several countries for a way to resolving them. "There are issues of availability of insurance and vessels for carrying...
  • Prices to rise, acquisition to take time: FICCI on Land Bill 30-08-2013 03:01 PM

    The passage of Land AcquisitionBill will not only push property rates significantly but alsodelay land acquisition by four to five years, thereby making industrial projects financially unviable, industry body FICCI said on Friday. "With the passage of the Bill, not only the cost of landwill go up significantly, but the...
  • Worst likely to be over for Indian companies in Europe: FICCI 18-08-2013 12:14 PM

    Worst is likely to be over for Indian companies in Europe as several domestic firms are re-positioning their business activities in the economic crisis hit region, says a survey. "For the first time in three years, Indian companies doing business in Europe have shed their pessimism and see a rebound...
  • D Subbarao cautions against creating 'too-large-to-fail bank' 13-08-2013 05:01 PM

    Amidst the ongoing talks of consolidating small state-run banks to create one or two globally large size banks, Reserve Bank governor D Subbarao on Tuesday cautioned against making a 'too-large-to-fail' banks, saying what is needed is not a monopolist but a number of comparatively large banks. Citing the 2008 credit...
  • AP govt assures protection to industry interests in Telangana 12-08-2013 07:59 PM

    Hyderabad: Seeking to allay apprehensions of the industry in the wake of the decision to carve Telangana out of Andhra Pradesh, the state government assured protection to business interests. Major Industries Minister J Geeta Reddy held a meeting with the representatives of CII, FICCI and FAPCCI on Monday and assured...
  • Job security pinches automobile industry as Maruti, M&M lay-off staff 16-07-2013 10:30 PM

    New Delhi: The other big fallout of the economic crisis is the fear of job loss - the Automobile industry is already feeling the pinch. India's largest car maker Maruti and Mahindra and Mahindra have laid-off contractual workers with sales down and inventory piling up. On July 9, Maruti sent...
  • 'Legalise betting in sports to counter illegal activities' 24-05-2013 02:51 PM

    New Delhi: Federation of Indian Chambers of Commerce and Industries (FICCI) has called for legalising sports betting in the country. FCCI, in a statement, said, "Despite several attempts to ban it, betting is continuing albeit in an underground way and substantial resources have been invested into enforcing such a ban."...
  • Bengal textile policy will help sector grow, say chambers 20-05-2013 04:54 AM

    Kolkata: With the Mamata Banerjee government in West Bengal coming up with a draft textile policy to attract investment to revive the sector, leading industry lobbies have expressed hope that the policy roadmap would help the industry to grow significantly. States like Maharashtra and Gujarat unveiled their new textile policies...