Indian economy is expected to grow at a rate of 6.7 per cent in the 2013-14 on account of expectations of cut in the key policy rates by the RBI which may have a positive impact on industrial growth and consumption, a Ficci survey on said. ...
12:56 PM, Jan 27, 2013
The government's decision to deregulate diesel prices would marginally increase the monthly inflation in the short-run, but eventually would help to reduce fiscal deficit, FICCI said on Saturday. ...
02:39 AM, Jan 20, 2013
The government's decision to deregulate diesel prices would marginally increase the monthly inflation in the short-run, but eventually would help to reduce fiscal deficit, FICCI said on Saturday. ...
05:22 PM, Jan 19, 2013
India Inc said on Wednesday that there should not be any increase in taxes for the "super rich" as it would dampen business sentiments and lead to relocation of professionals to low tax regions like Singapore, Dubai and London. ...
01:05 AM, Jan 17, 2013
The performance will entertain over 2000 global delegates attending the Pravasi Bharatiya Diwas in Kochi. ...
05:29 PM, Jan 04, 2013
The fourth edition of the FICCI entertainment and Business Conclave kick-started in Chennai and the first day of the conference had in attendance some biggies including the Chairman of the Conclave Kamal Hassan along with noted Hollywood producer-director Barrie Osborne. The evening saw a felicitation of greats of the industry with a special appearance by superstar Rajinikanth. ...
11:51 PM, Oct 18, 2012
"Sixty-five to 70 per cent of films in India are south films. National cinema resides in the south. It's not bragging, it's a statement of fact," said Kamal Haasan in Chennai on Tuesday. He was speaking at the inaugural ceremony of Media and Entertainment Business Conclave (MEBC), an initiative by Federation of Indian Chambers of Commerce and Industry (FICCI). Kamal, who is the chairman of the conclave, said piracy continues...
05:44 PM, Oct 18, 2012
Chennai, Oct 16: Film actor Kamal Haasan today strongly pitched for increasing cinema ticket prices on par with global rates, saying the existing cost was less than that of a cola sold in developed countries. "Though the efforts taken in making of a cinema are much more difficult than making of a cola, it is unfortunate that the cost of entry tickets is less compared to the cost of Cola...
05:15 PM, Oct 16, 2012
New Delhi: The Internet requires not just governance but transparency and accountability on the part of the user, Communications Minister Kapil Sibal said on Thursday. The user "should be free to express his opinion but at the same time be accountable for what is being said", Sibal said while inaugurating the India Internet Governance Conference (IIGC-2012). "Above all, managing the Internet needs consensus amongst stakeholders - government, business, civil society,"...
01:52 AM, Oct 05, 2012
New Delhi: India Inc on Thursday lauded the Cabinet's decision to approve legislative changes that will allow up to 49 per cent foreign equity in the pension sector and hike such limit in insurance to 49 per cent from 26 per cent, calling it "landmark" and "pathbreaking". The Cabinet meeting, presided over by Prime Minister Manmohan Singh, also approved other long-pending measures such as crucial changes in the Companies Act,...
01:13 AM, Oct 05, 2012
New Delhi: India is unlikely to achieve its $360 billion exports target in the current financial year due to rising input costs and weak demands for Indian goods in North American and European markets, an industry survey has revealed. Current export conditions have worsened and the prospects for second half of 2012 look bleak, according to a survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI)....
11:11 PM, Sep 23, 2012
New Delhi: The Reserve Bank's decision to cut the Cash Reserve Ratio by 0.25 per cent, the percentage of deposits banks keep with central bank, has received mixed response from India Inc, which has been demanding a reduction in interest rate to spur growth. Interest rates on home and car loans may ease despite the key policy rates left unchanged by the RBI which lowered the CRR by 0.25 per...
04:58 PM, Sep 17, 2012
New Delhi: The signing of liberalised visa agreement has been hailed as a 'historic landmark' by the industry body FICCI. "The signing today of a liberalised visa agreement between India and Pakistan is a historic landmark in the normalisation of bilateral relations, which has been given a new thrust during the past one year," FICCI President RV Kanoria said. The new agreement that separates business visa from visitor's visa would...
10:51 PM, Sep 08, 2012
New Delhi: Expressing serious concerns over contraction in industrial production, industry on Thursday called for immediate policy measures to boost investments in the country. "The June IIP numbers are disappointing and are a cause for serious concern. Any further decline in GDP growth will have a deleterious effect on employment and on consumer demand," CII said in a statement. Echoing views, FICCI President RV Kanoria said: "This calls for immediate...
03:30 PM, Aug 09, 2012
New Delhi: Enthused by Finance Minister P Chidambaram's assurance of fine-tuning policies, industry body FICCI on Tuesday said this would help revive economic growth. "It is quite obvious that he means business and has immediately put himself in the task of re-igniting the growth triggers of the economy," said R.V. Kanoria, president, Federation of Indian Chambers of Commerce and Industry (FICCI). "There is a sense of urgency that we could...
02:17 AM, Aug 08, 2012
New Delhi: With the worst power blackout in India affecting almost half the country and causing business losses of thousands of crores of rupees, India Inc on Tuesday called for raising capacity in the power sector on a war footing. "Availability of coal and gas is a pre-requisite for spurring investments in the power sector. Reforms that would help make coal and gas available as per the nation's requirements must...
02:00 AM, Aug 01, 2012
New Delhi: India's reputation will reach greater heights under the leadership of new President Pranab Mukherjee, India Inc said on Wednesday. The country and the Indian industry will surely benefit from Mukherjee's counsel and leadership, FICCI Secretary General Rajiv Kumar said. "We are confident that with him at the helm, India's image and reputation as a front runner in the economic league of nations will reach new heights and the...
10:48 PM, Jul 25, 2012
Chennai: The Tamil Nadu government has currently attracted 27 new major investment proposals with a cumulative investment of Rs 30,000 crore, according to State Industries Minister B Thangamani. Delivering a special address at the FICCI National Executive Meeting here on Monday, Thangamani said that the investment is in addition to the ones attracted recently where the State government signed Memoranda of Understanding (MoU) with five auto majors to bring in...
01:21 PM, Jul 10, 2012
Chennai: Observing that the country's rising fiscal deficit was due to import of oil products, industry body FICCI on Sunday mooted the idea of decontrolling diesel prices or the government consider imposing higher duty on imported diesel cars. "Government should now think of decontrolling the price of diesel...", FICCI President Rajya Vardhan Kanoria said. Kanoria, who will chair the FICCI's National Executive Committee meeting in Chennai on Monday, told reporters...
10:34 PM, Jul 08, 2012
New Delhi: Welcoming the petrol price hike, industry body Ficci said that government should deregulate the prices of other fuel products like kerosene, diesel and cooking gas. In the steepest ever hike, petrol price was increased on Wednesday by Rs 7.54 a litre with effect from midnight tonight. "However, this increase, welcome as it is, will only partially cover the under recoveries on account of kerosene (Rs 31 per liter),...
08:44 PM, May 23, 2012
