India may be the largest consumer of gold in the world; but not only that the quantity of gold that the country produces is dismal, but it plays no influencing role in determining the pricing of the yellow metal.
India is incurring an annual loss of Rs 20,000-30,000 crore (Rs 200-300 billion) due to the problems in the road sector, including overloading and poor maintenance, a World Bank expert said on Thursday.
The tourism industry expects a short-term impact, as it is counting on the state's proven expertise in managing such crises.
The Associated Chambers of Commerce and Industry (Assocham) on Tuesday said the new government may bring in legislation on job reservation in the private sector for scheduled castes (SCs), scheduled tribes (STs) and backward classes but the industry chamber will oppose any such move.
MAG was constituted by Department of Electronics and IT in February 2014.
IT topped the group with over 210,000 jobs created in the 2012. Academics and education ranked second with over 34,500 jobs.
the Associated Chambers of Commerce and Industry on Wednesday said the country's IT industry is slated to grow by 26 per cent this year driven by strong economic performance.
In order to gain advantage over their competitors, companies across various sectors engage in "espionage" like "bugging offices of their rivals by planting a mole", says a survey by industry body Assocham.
India's Business Process Outsourcing (BPO) sector is facing stiff competition from the likes of Mexico, Malaysia, Philippines, China, Canada and Ireland that are posing a grave threat to the growth of India's BPO sector, said the Associated Chamber of Commerce and Industry of India.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
According to a 2013 CLSA report , online retail in India was worth $3.1 billion, or about 10% of the country's organised retail market
At ground level, Trinamool leaders are quite reasonable and supportive. But TC is such a party where opinions of the grassroot-level people don't matter. The party has decided to oppose whatever development work we undertake, says
Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.
'His death is an irreparable loss to the nation'.
Narendra Modi is to hold summit-level meetings with the heads of more than 50 African nations on Thursday.
A 10-member Assocham delegation, led by its President R K Somany, will accompany Prime Minister Atal Bihari Vajpayee to China on June 22
One of India's leading industry bodies - the Associated Chambers of Commerce and Industry - on Friday urged the government to bring sugar, textiles and tobacco products under value added tax.
The Ministry of HRD, government of India, Department of Science & Technology, government of India and The Associated Chambers of Commerce and Industry of India present the Fifth Education Fair: International Exhibition and Seminar.
Majority of women surveyed by the Associated Chambers of Commerce and Industry of India said they feel unsafe, especially during night shifts, in all major economic hubs across the country.
Assocham report cites economic slowdown, liquidity crunch, labour shortage etc as reasons.
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
'What stood out at these meetings between industry representatives and government leaders was how the equation between the ministers and industry had undergone a subtle and qualitative change,' points out A K Bhattacharya.
The Gulf Cooperation Council countries -- Bharain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates -- present a lot of trade opportunities for India, he said. The Assocham has been promoting India as an investment destination for infrastructure, biotechnology, power, roads, IT and allied sectors. It has also created an Andhra Pradesh Investment Cell to attract investments to the state.
The Northeastern states are plagued by low tele-density and inadequate telecom services, hindering economic growth and development, a study said.
Total foreign direct investment (FDI) inflow to India declined to $74.01 billion in the calendar year 2021, which is 15 per cent lower from $87.55 billion recorded in the previous year, the ministry of commerce & industry said on Wednesday. The FDI inflow includes equity inflow, equity capital of unincorporated bodies, re-invested earnings and other capital. "FDI is largely a matter of commercial business decisions and FDI inflow depends on a host of factors such as availability of natural resource, market size, infrastructure, political and general investment climate as well as macro-economic stability and investment decision of foreign investors.
A recent study conducted by the Associated Chambers of Commerce and Industry of India indicates that the state's business confidence index is at 6.5 on a scale of 10.
The state received robust investment announcements worth Rs 2,43,489 crore in calendar 2007. In calendar 2008, investments fell 63 per cent, to Rs 90,095 crore (Rs 900.95 billion). The general slowdown in economic growth, however, may also have played a part in Bengal's declining rank, given that many of its major investments were in such sectors as steel, real estate and power, all of which are current casualties of slowing demand.
The Bharatiya Janata Party on Tuesday said it was not opposed to a nuclear agreement with the US, but wanted the present deal to be redrafted so that there was no restriction on India carrying out atomic tests in future. "We do not basically oppose the nuclear agreement," senior party leader Lal Kishenchand Advani said at an Associated Chambers of Commerce and Industry of India function in Delhi.
Another point of contention is the invoice issued by the e-companies.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
The CPI-M leader was the chief minister of the state from 2000 to 2011.
The Associated Chambers of Commerce and Industry of India has predicted that the foreign institutional investment inflow into India will touch the $50 billion mark as compared to $40 billion in 2005.
According to the Assocham Eco Pulse study, the 14 per cent growth in exports to countries like the US, UAE, Singapore, China and Germany responded to the growth in their real GDP.
A delegation of about 100 chief executive officers from several national and multi-national companies will be visiting Kashmir to explore the business possibilities in the region as well as some leisure time.
The six AEZs in West Bengal are for pineapple, lychee, potato, mango, vegetables and Darjeeling tea.
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