FICCI

  • Manufacturing growth may moderate in December quarter: FICCI 11 hours 3 minutes ago

    New Delhi: The country's manufacturing sector is likely to witness a moderate growth in the third quarter of this fiscal, according to a FICCI survey. Showing signs of recovery, industrial production grew at a three-month high of 2.5 per cent in September on account of better mining and manufacturing output....
  • Mamata Banerjee seeks chamber's help in setting finances right November 7, 2014

    Kolkata: After futile efforts to wrest a financial package from the Centre during the past UPA-II and present NDA regime, West Bengal Chief Minister Mamata Banerjee on Friday turned to an industry body to plead for the state's case. "After coming to power three-and-half...
  • Korean firms keen to invest in India, says Ambassador October 30, 2014

    New Delhi: Korean firms are now more keen to invest in India, upbeat about the country's investment climate after the new government led by Narendra Modi unveiled its economic vision, the country's Ambassador on Thursday said. "I see a renewed interest amongst Korean companies in coming as the economic vision...
  • Housing demand to pick up in 6-8 months: Report October 14, 2014

    New Delhi: Housing sales have remained lower than expected so far during the current festival season mainly due to high interest rates and the demand is likely to pick up only in the next 6-8 months, according to a report by Knight Frank and Ficci. Property consultant Knight Frank and...
  • Indian chemical industry to touch $190 billion in next 3 years: TATA October 9, 2014

    New Delhi: Indian chemical industry is likely to touch $190 billion by the financial year 2017-18 on account of increase in demand of the chemicals from industries of various sectors, a Tata group firm said in its report. At the end of last fiscal, the domestic market size of industry...
  • 'FDI inflows to hit all-time high this fiscal' October 9, 2014

    Mumbai: India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said. "I am sure we would achieve an all-time high in FDI inflows in FY15...
  • Ficci to host Hollywood, Indian film industry icons in US September 27, 2014

    New Delhi: Industry body Ficci will organise a special session to discuss the future of entertainment by the digital world on September 30 at the University of South California. The programme will be held at a time when Prime Minister Narendra Modi will be in the US and promoting people...
  • Food inflation can be curbed by halting wastage: Harsimrat Kaur Badal September 25, 2014

    Mumbai: Strengthening of backward and forward linkages will help in controlling the food wastage, which is estimated at over Rs 40,000 crore, and also aid in curbing inflation, Food Processing Minister Harsimrat Kaur Badal said on Thursday. "The food wastage plays a very important role in inflation. Because of wastage, market...
  • Government to exempt vessels carrying exim cargo from duty on fuel September 23, 2014

    New Delhi: In a bid to boost coastal trade, the government has decided to exempt vessels carrying exim cargo from paying customs duty on marine fuel, a top official said on Tuesday. "A decision has been taken that the coastal vessels which are carrying exim cargo or containers will be given...
  • Government to soon double banks' commission for DBT scheme to 2 pc September 15, 2014

    Mumbai: Finance Ministry is in the process of finalising the commission to banks at 2 per cent of the quantum of funds they transfer to individual beneficiaries under the government's direct benefit transfer (DBT) scheme. "The issue of commission is in the final stages and the order will be issued for...
  • Pakistan envoy echoes Sushma Swaraj, says time for 'new beginning' in ties September 11, 2014

    New Delhi: Pakistan on Thursday said that it "could not agree more" with External Affairs Minister Sushma Swaraj's "no full stop" in diplomacy remark and noted that the time has come for making a "new beginning" in bilateral ties. "I cannot agree more (with Swaraj) because in diplomacy, you need...
  • 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 fivenation 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 13, 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 prebudget 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 prebudget 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 industryfriendly 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 coorganisers Federation of Indian Chambers of Commerce and Industry (FICCI) said Monday. Designed as a platform for stakeholders to market their films,...
  • Actorfilmmaker Kamal Haasan to lead official Indian delegation to Cannes May 13, 2014

    New Delhi: Actorfilmmaker Kamal Haasan, who is also chairman of FICCI Media and Entertainment CommitteeSouth, 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 automobile 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 January 27, 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 medalwinning boxer Mary Kom January 16, 2014

    Olympic medalwinning 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 Congressled 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 longterm 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 1012 million jobs annually requires a growth of 89 per cent over a long period, newlyelected FICCI...