This is South Carolina's first trade and investment mission to India.
CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
Reciprocity of tariff restrictions will help fair trade, but a country's trade policy should be driven by national interest.
Officials said several witnesses were heard on the impact of the pandemic. They added that this was the longest meeting of the panel without a break so far.
Sunil Bharti Mittal, chairman and group CEO of Bharti Enterprises and former president of the Confederation of Indian Industry, said on Tuesday that it was time for the United States to change its position towards India vis-a-vis Pakistan.
What are the problems affecting the growth of food processing sector in India
Information technology czar Azim Premji foresaw on Friday emergence of a two-party system in the country, saying the recent Lok Sabha polls verdict was an indication to that effect. Addressing the Confederation of Indian Industry-organised fifth India Innovation Summit 2009 in Bangalore, he said the results of the recent Parliamentary elections suggested that Indian voter wants a two-party system.
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
'Price spike shaved 1 percentage point off GDP growth'.
The defeat put India out of the Asian women's football championship.
New Delhi to push for services trade facilitation & food stockpiling.
The Union tourism ministry has approved 51 hotel projects in South India, according to a Confederation of Indian Industry report.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
Speaking on the sidelines of an event organised by the Confederation of Indian Industry, ArcelorMittal Design & Engineering Centre CEO Pierre Jonette said: "Our main objective is to bring down the total project cost by 20-22 per cent across all the green projects. We have internally decided to increase sourcing from local low cost destinations for most of our greenfield projects."
The prime minister thanked the people but said it was the start of a long battle, as he urged them to follow social distancing to stop the chain of transmission of Coronavirus which has infected 360 people and claimed seven lives in India.
Foreign investment opportunities in the fast expanding health sector in India are vast and profitable with a payback period of five to six years, an Indian delegation said in New York.
Corporate India is in for a more painful period, as profitability will take a hit over the next six months, ICICI Bank CEO K V Kamath today warned and asked the industry to be patient for opportunities as the economy will start recovering in the second half of 2009.
The India Today group said on Monday it would launch an English language daily in New Delhi early next year.
'Anyone can string together a few alliterative words, but are they a substitute for serious thought?' 'And do they make for a strategy or plan for coherent action?' asks T N Ninan.
India's services sector continued its high growth track during the first half of the current fiscal, according to the Confederation of Indian Industry-ASCON report. The cellular services recorded a growth of 180 per cent, a CII release said.
For months, offline retailers and traders have been lobbying hard for a national retail policy to protect their business from the growing influx of e-commerce.
The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
News of all that's transpired on and off the football field
A day after the RBI put in public domain a draft scheme of merger of Lakshmi Vilas Bank (LVB) with subsidiary of Singapore-based DBS, public sector banks' officer union AIBOC on Wednesday said the amalgamation is not in the national interest and demanded the consolidation with any PSB. The proposed amalgamation of the cash-strapped LVB with DBS Bank India seems to be a ploy to provide entry of foreign banks into the country in a big way, All India Bank Officers' Confederation (AIBOC) president Sunil Kumar said. The Indian banking sector provides huge opportunity for growth, so the foreign banks have been looking at inorganic route to expand their presence for long, he said.
India's biotech industry has a vast potential for bilateral cooperation with US firms for collaborative research, technology trade, licensing and distribution.\n\n\n\n
But use of that word -- privatisation -- is not encouraged. This seems to be a classic case of reforms through subtle signals, observes A K Bhattacharya.
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