Assocham on Monday said over $ 13bn are spent every year by about 450,000 Indian students on higher education abroad as they are not accommodated by domestic institutions. The primary reason for a large number of Indian students seeking professional education abroad is lack of capacity in Indian institutions. Over 150000 students every year go overseas for university education, which costs India a foreign exchange outflow of $10bn, which is sufficient to build new institutes.
In his speech, PM emphasised on the need to bring India's current account deficit under control and reduce demand for gold and petroleum products.
The award, instituted in 1999 by ASSCOHAM, is conferred on persons for their extraordinary contribution in different fields.
"We have not laid off anything. The lay-off could happen in future in case the demand further goes down," DLF chairman K P Singh said at an Assocham event in New Delhi. He clarified that as of 'today' DLF has not laid off anybody.
The Centre may soon come out with an ordinance to amend the Forward Contracts (Regulation) Act to give autonomy to commodity market regulator Forward Markets Commission. "The issue is likely to come up before the Cabinet on January 24," Minister of State for Food Processing Industries Subodh Kant Sahai said on the sidelines of an Assocham-organised conference on futures trading.
As energy-hungry India looks for alternative sources of electricity, a new study says there is a potential of generating 2500 MW of power from urban, municipal and industrial wastes in big cities in the next two to three years.
Have you been to your doctor lately complaining about that unexplained bout of headaches or body pain? Only to be told that there's nothing wrong. Well, it could be work-related stress that is causing aches, depression and other health problems say health experts.
Industry bodies said India's move to grant the status to Pakistan had not made much of a difference as it was not reciprocated
Expressing concern over the impact of rising crude oil prices on Indian economy, Prime Minister Manmohan Singh on Monday said it can have adverse consequences for the economy. "We cannot allow the subsidy bill to rise any further," Singh said and appealed to all the political parties to adopt a wider consensus on the pricing issue.
The telecom sector is likely to garner revenues to the tune of $35 billion by 2010 even though its profit margins have been declining, a study said.
An Asscocham survey reveals that middle-rank employees in public sector units, foreign embassies and academic institutions are satisfied with their jobs driven by limited accountability.
DTH may emerge as the leader among the digital platforms in the next three years, said an Ernst & Young report - "India Digital Revolution: Impact on Film & Television" - released at the Assocham global summit on the media and entertainment industry in New Delhi. The report expects India's television advertising market to grow by 14 per cent annually for the next three years.
Fanning the hopes of private industry, the government today said it would consider allowing 49 per cent foreign investment in the defence sector "on a case-to-case basis."
The textiles sector was most affected witnessing a massive drop in contractual employment as outward shipments shrank
'The ban on Chinese imports is a suicidal step.' 'This will result not only in economic depression, but in a chaotic situation.'
The ministry of corporate affairs said on Monday there is no move on the government's part to regulate salaries and other benefits given to directors and chief executives of companies.
Increasing opportunities and employee aspirations induced by robust economic growth have led to an unhealthy attrition rate, with services sector facing the maximum brunt, a study shows.
The revenue department is expected to release two circulars mentioning details of all 100 services under the service tax net and related procedures in a simplified manner by mid-June.
These sectors are becoming high stress zones like BPO, call centres and IT companies due to deadlines, high performance demand, shortage of staff and threats from competitors, the survey says.
Reforms in the Indian economy have brought about a change in the nature, role and functioning of industry chambers and their membership, both in terms of composition and numbers.
Analysts tracking Apple said the India results were glimpses of what the company could achieve in emerging markets with a right pricing strategy for its products and local manufacturing.
FM has asked RBI and bankers to take a call on reducing home loan rates on popular demand.
The department of telecom is currently looking into guidelines relating to spectrum allocation and other financial criteria like net worth of the applicant for the purpose of awarding new licences.
In 2007-08, companies had raised Rs 87,029 crore by selling shares to public.
Operating systems are increasingly subject to cyberattacks, as many are built around legacy technologies with weaker protocols
As the president of Assocham, Dhoot has asked Confederation of Indian Industry and Ficci to join him in requesting the prime minister to reconsider the move to ban states from acquiring land.
Identifying 10 areas that could help triple Indo-US trade by 2010, industry body Assocham has prepared a roadmap to boost trade between the two countries to over $120 billion from the current $40 billion.\n\n
In the past three years, India have spent about $10.5 billion on military hardware and software, making it the largest arms importers in the developing world, the industry body Assocham said in a paper on Avenues for Private Sector Participation in Defence.
Driven by emergence of Internet as a potent medium, around 25 million users are likely to register themselves for online job search and matrimonial alliances resulting in business of around Rs 565 crore (Rs 5.65 billion) by March 2008.
The department of telecommunication is expecting defence ministry to soon vacate the spectrum for mobile services, including 3G, as discussions with the armed forces are in final stages, a senior ministry official said on Wednesday.
Indian industry still recoils at the idea of bringing a law for job reservation in the private sector, but is ready to work on the concept with some fiscal rewards from the government.
Indian industry still recoils at the idea of bringing a law for job reservation in the private sector, but is ready to work on the concept with some fiscal rewards from the government.
Building animation parks with hi-tech studios in the country would help the industry to perform all its activities within India thus raising additional revenues, the chamber said.
Global software firms are hiking their staff capacity in the country and plans to hire 40,000 employees over the next couple of years. Among the Indian firms disclosing their plans, Satyam Computer Services, one of the top IT firms, stated the addition of 3,000 people this year. The largest headcount expansion has been planned by US-based Computer Sciences Corp. The company has announced the addition of 16,500 headcount over the next two years.
The new Company Law could mandate that the strength of independent directors on boards of companies should be 33 per cent, pitting the government against the Securities and Exchange Board of India.
Leading business school graduates prefer better job profiles to handsome salary.
Private hospitals, nursing homes and diagnostic centres will soon require mandatory registration with the government.
Despite a 15 per cent increase in the number of employees hired, the Indian IT majors have managed to reduce the average growth rate of their wage cost to half during the third quarter ending December 2007 as compared to the previous year.
Indian start-ups are likely to experience a fillip as around 40 US venture capitalists and private equity holders have already lined up $400 million to invest in the country.
The Income Tax deparment has sent a notice to Vodafone, seeking around $1.7 billion in capital gains tax related to the sale of Hutchison Telecom International Ltd's 67 per cent stake in Hutch-Essar, now renamed Vodafone-Essar.
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