Last year SBI's credit growth was 15.6 per cent.
In a statement signalling a change of regime at the Centre in the coming months, Gujarat Chief Minister Narendra Modi said in Gandhinagar on Friday that the country is looking forward to a "constructive" change within the next 182 days.
The Confederation of All India Traders, the apex body of trade federations and small-scale sector players in the country, upped their campaign on Saturday against the United Progressive Alliance government's proposal to bring in foreign direct investment in multi-brand retail by another notch. The CAIT announced a nationwide campaign, 'Retail FDI bhagao, apne vatan ko bachao' (Chase out FDI in retail, save our nation) in the national capital on Saturday.
Chamber urges government to present industry-friendly and pro-investment Budget
During the negotiations held on May 5, IBA made two unacceptable propositions including an offer of 2 per cent hike in the wage bill cost as on March 31, 2017
The experts agreed that the lockdown has helped in slowing down spread of the virus but insisted that the situation has not reached a plateau and that there was an urgent need to upgrade healthcare facilities to deal with the crisis.
Surinder Kapur's relentless pursuit of quality made Kapur a highly efficient manufacturer of automobile components.
After a 27-year long alliance, the World Economic Forum (WEF) and the Confederation of Indian Industry (CII) have parted ways on organising the India Economic Summit, fuelling many theories on the reason. Both the organisations, however, sought to play down the development, saying it was a natural evolution for the Davos-based WEF to organise its event in India as it does in other regions.
The recent Cabinet decision to allow 51 per cent foreign direct investment in the multi-brand retail sector in India has deeply divided the nation's political, social and trading classes.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
Afghanistan is ripe and ready for more investments from India and offers a lot of opportunities.
The provisions of the bill related to the conditions on issuing H-1B visas is being opposed by Indian companies, who heavily rely in this category of work visas.
The provisions of the bill related to the conditions on issuing H-1B visas is being opposed by Indian companies, who heavily rely in this category of work visas.
Raising the share of manufacturing from about 17 per cent to 25 per cent of GDP is necessary, says S Gopalakrishnan.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
The youth have to turn into entrepreneurs if India's massive demographic dividend is to be taken advantage of: Smriti Irani.
A representative of the Confederation of ATM Industry said ATM players were not consulted about the move and they received the news via media platforms.
The letter was also forwarded to Mukherjee, Law Minister Salman Khurshid and Commerce and Industry Ministry Anand Sharma.
Economic growth slipped to a nine-year low of 6.5 per cent last financial year, but India Inc fears further deceleration in the GDP expansion during 2012-13, shows a survey.
The Land Acquisition Bill was cleared by the Union Cabinet on Thursday, making the consent of 80 per cent of owners mandatory for private projects.
Although the idea is to focus on all states to turn India into a global manufacturing hub, the department of industrial policy and promotion, the nodal agency to carry out the campaign, has selected a handful of states that have a sound industrial backbone such as Maharashtra, Tamil Nadu, Karnataka, Gujarat, Andhra Pradesh, Telangana and others.
The probability of a global recession is low, even though the United States is growing slowly and Europe is experiencing negative growth, Reserve Bank of India Governor D Subbarao said on Friday.
Measures to promote ease of doing business, cut in tax rates for smaller enterprises to 25 per cent, and reduction in interest rates are creating the right atmosphere for new businesses to flourish, particularly SMEs.
It plans to push the growth further to 8.5 - 9 per cent.
Industry had sought this 3-month extension, specifically for players struggling to collate the information that are required to be disclosed in the GST forms.
The current global financial crisis dominated the India Economic Summit's (IES) pre-event conference. The three-day event, being organised jointly by the World Economic Forum (WEF) and Confederation of Indian Industry (CII) from Saturday, would make its debut in this city after 26 years. The summit, an annual event, is usually held in New Delhi.
Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).
Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary policy review due later this week.
The Sebi chief said the exchange board has taken a number of measures in recent past.
His vision drove ITC to pursue business models that today support over 6 million livelihoods, many amongst the weakest in society.
Interchange fee is the amount charged by ATM operators for every transaction.
Reasons include include dropping out of education, raising children and family pressure
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
Left parties on Monday decided to extend support to the 'Bharat Bandh' called by Confederation of All India Traders on December 1 to protest the Centre's decision to allow FDI in retail.
The FDI notification on multi-brand retail by the government will be valid only if amendments made by the Reserve Bank in the FEMA rules are approved by Parliament, the Confederation of All India Traders (CAIT) has said.
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
The new requirements include a shift to cassette swap system, mandate armed guards while transferring money as well as a host of other measures that would require huge investments.
Association points out that over 40 clearances from various agencies are required for real estate projects.
The government of India took note about the money kept by the Indian tax eva-ders in Swiss Banks, which is estimated at around $462 billion.
While the Confederation of All India Traders is organising nationwide protests tomorrow, others like Bhartiya Udyog Vyapar Mandal plan similar movements next month.
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