Indian businesses' weak ability to compete overseas says much about the infirmities imposed by the intensity of government dominance of economic policy and the nature of this dominance, observes Kanika Datta.
Taking lessons from that, I would think seamless digital payments is something you have to clearly have a roadmap for, the FM said.
Expressing the government's commitment to continue with reforms, Finance Minister Nirmala Sitharaman on Thursday assured India Inc that it is ready to do everything required to revive and support economic growth hit by the COVID-19 pandemic. Stressing that there is a need to promote growth as it helps bring down poverty, she however said it would not be at the cost of inflation. RBI has been mandated to keep inflation at 4 per cent, with tolerance level of 2 per cent on either side.
The cost of railway linking Mumbai and Ahmedabad is between $12.2 bn to $13.9 bn.
Direct economic stimulus measures such as tax cuts for individuals and industry would have helped to prop up the Indian economy which was hit hard by the lockdowns across several states in India, say economists and corporate leaders. While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy.
Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.
CII plans business events across China, a 'Made-in-India' show in the booming Guanzhou city, a CEOs meet and visits by 1,000 young Indian businessmen -- all aimed at increasing India's market share in China and spurring Indian entrepreneurs to invest in the world's fourth largest economy. On its part, the CII would expand its Shanghai office and open one more in Beijing, CII Chief Mentor Tarun Das told PTI.
The government will set up a centre of excellence for visual effects and gaming with help from the Indian Institute of Technology-Bombay.
CII joined hands with the EC in launching a mega blitz including round-the-clock voter helplines, sending SMS messages and setting up touch-screens at strategic spots to educate voters about their right to franchise.
The meet will provide J&K an opportunity to showcase its strengths, strategies and potential. It will also help allay fears and apprehensions in the minds of trade and business community outside the state.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
About 50 countries, including Canada, Mexico, Nigeria and Panama, have shown interest in having a Co-WIN like system to run their vaccination drive, a senior official said on Monday, adding India is ready to share the open source software free of cost.
India has received over USD 20 billion in FDI amid the coronavirus pandemic, Foreign Secretary Harsh Vardhan Shringla said on Tuesday, showcasing the country as one of the most attractive destinations for investment globally.
In a bid to participate in the reconstruction of Iraq and explore business opportunities there, a 20-member mission of Confederation of Indian Industries is in Kuwait to meet the companies on a one-to-one basis.\n\n\n\n
The govt's willingness for change and 'feel good' factor has boosted sentiments.
He says conditions for entrepreneurship and SMEs needed to be improved for the sake of growth in economy and employment opportunities.
Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging as a bright spot.
The ninth Confederation of Indian Industry partnership summit, to be held in Hyderabad from January 5-8, would showcase Andhra Pradesh's efforts in providing infrastructure to industrialists in India and abroad.\n\n\n\n
The Confederation of Indian Industry (CII) has called for speedy implementation of key railway projects, such as the Dedicated Freight Corridor, high-speed rail corridors, rolling stock and other capacity enhancement works.
The CII has suggested a 5-point agenda on the measures that need to be undertaken by central and state governments to stave off the adverse effects of a deficient monsoon. Let's find out what this agenda is. . .
According to a CII statement, Godrej mentioned that in the given economic condition, it would have been natural to seek a stimulus including reductions in excise and service tax rates.
All the populist schemes have either a job creation motive or a health and sanitation one.
Raising the share of manufacturing from about 17 per cent to 25 per cent of GDP is necessary, says S Gopalakrishnan.
The yellow page, which will reach out to about five million Indians living outside country, will feature Indian businesses willing for tie-ups and NRI entrepreneurs as well. To be made available in print and through an Internet edition, the yellow pages can also be obtained from Indian High Commissions and missions abroad.
Decisions taken during the meeting of Prime Minister Narendra Modi and US President Barack Obama will take the bilateral strategic ties to an "altogether new high", India Inc said.
A Pakistani court has dismissed three identical petitions challenging the construction of the first Hindu temple in the country's capital.
The prospects for investment, capacity utilisation, production, employment and exports as elements that build up the business confidence were also looked into by the survey. The survey revealed that 30 per cent of the respondents plan to increase investments during April-September 2009-10.
Prime Minister Narendra Modi on Tuesday met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.
It is our only chance of avoiding a repeat of our catastrophic second wave, asserts Naushad Forbes.
It took a lockdown for us in India to even recognise that the plight of migrants needs to be addressed. They were faceless and unrecognised. They were unappreciated and even hounded. They were poorly paid and exploited, notes Ramesh Menon.
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
'India's future: To manufacture so efficiently that we do not need protection,' says Naushad Forbes.
The Confederation of Indian Industry on Monday proposed a 5 per cent cess to develop railway infrastructure and exuded confidence that 7-8 per cent GDP growth was achievable in the next decade.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
India has consistently asked China to open up its market for IT and pharmaceuticals.
Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per cent on a range of products from semi-finished to flat and long products for the benefit of MSMEs, that have been at the receiving end.
Bilateral trade between India and Pakistan may touch USD 10 billion by 2015, if trade and investment barriers are removed, CII said.
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