The government was hoping to roll out the GST regime from April 2016.
The Johnson and Johnson and Sputnik vaccines should be approved now, as should the Pfizer and Moderna ones, suggests Naushad Forbes. Leave it to the companies to figure out how to put in place the right chilling infrastructure. Don't let a lack of approvals deprive the country of availability, suggests Naushad Forbes.
The study, 'CII-Interlink paper on growth agenda of pharmaceutical industry in India' has been conducted by Interlink, a business and management consulting firm. Middle class population, health insurance facilities, unpenetrated markets, marketing efficiencies, generics and brand development are the six key drivers which would push the growth in the domestic pharmaceutical segment.
Responding to charges of cartelisation against the industry, newly-elected CII president K V Kamath on Thursday said corporates must ask themselves whether their actions in a demand-driven market was causing distress to others.
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.
While the Narendra Modi government has stuck to its stand that pending payment is Rs 12,343 crore, MSMEs calim outstanding amount is Rs 2-3 trillion. Moreover, MSME ministry's SAMADHAN portal has been of little help.
The Confederation of All India Traders has approached Union Home Minister Amit Shah, Union Health Minister Harsh Vardhan, Delhi Lieutenant Governor Anil Baijal, and Chief Minister Arvind Kejriwal, and urged them to shut markets in Delhi.
Leader of the opposition (Lok Sabha), L K Advani addressed the annual conference of the Confederation of Indian Industries (CII) on April 30, 2008, in New Delhi. He opened his speech highlighting the significance of the confederation. He said that over the years the annual session of the CII has become an important platform for people from the political and business fields to meet together and exchange ideas on issues of common interest concerning the nation.
The delegation of Indian CEOs from Confederation of Indian Industry highlighted the growing sense of optimism in India following the recent election results.
With India's GDP clocking a lower contraction of 7.5 per cent in the September quarter, industry and experts expressed confidence of further recovery in the coming months and said the government's actions are bearing fruit. In a tweet, Vedanta chairman Anil Agarwal said, "Q2 #GDP numbers show that economy is recovering. Government's efforts on stimulus and reform are showing results. Hopefully, we will have positive growth in H2 FY21 and double digit growth in FY22."
The CII perception of Indian economy is strong as incremental capital-output ratio at 4-fares is better than China and Brazil, the ICICI chief said.
Idea is to bring stakeholders together and explore ways to increase export of services from India.
Publishing BPO industry is booming in India with a growth rate of 35% per year.
A majority of CEOs from top Indian companies including ICICI Bank, Bajaj Auto, TVS Motor GE India, and HUL, do not foresee any production slowdown in this fiscal, even as rising input and interest costs are affecting the net profit margins, a CII survey has found.
EV players suggest a reduction in the goods and services tax on batteries from 18 to 5 per cent as it would help push demand.
At present, India's share in the global trade is about one per cent. Majority of the respondents said the FTP review is growth-oriented and would help in sustaining the 8.5 per cent growth rate of the country, besides, giving the much-needed boost to the rupee-hit exports. Over 73 per cent of the respondents said the target of India achieving 5 per cent share in world trade by 2020 is ambitious but achievable. Government has set an export target of $ 200 bn for the 2008-09.
A CII delegation, led by Confederation of Indian Industry president and Bharti Enterprises CEO Sunil Bharti Mittal, called on US Democratic presidential candidate Senator Hillary Rodham Clinton at the Capitol Hill in Washington, DC on Wednesday.
Early GST rollout to help create more jobs, boost output, says IMF.
'We have set out a timetable to reduce income tax rates for all incomes below Rs 50 lakh, and to progressively eliminate the surcharges on income above Rs 50 lakh, by 2024.' The Budget speech past CII president Naushad Forbes wants to hear.
A study reveals that top business houses in India are reluctant to voluntarily disclose important information.
India has emerged as one of the 10 fastest growing sources of foreign direct investment into the US.
'If you wish to expand your business in a competitive global environment, you have no option but to be ethical.'
Efforts to normalise trading relations expected during the first such meet on Saturday
The highest water-use efficiency of more than $ 50 per cubic metre is in Oceania, Australia, New Zealand, Singapore, Israel, Denmark, Finland, and Great Britain while the lowest is in Central and South Asia, including India, at less than $ 10 per cubic metre.
'Birla only made representations to then PM for coal blocks allocation.'
India will shortly unveil a 'One Nation-One Card policy' for public transport that will entail connectivity between various modes of transport
The forms might soon come "pre-filled" and taxpayers won't have to fill details such as income, income sources, and personal details
The seventh edition of CONNECT 2007, a premier information, communication and technology event promoted jointly by CII and Tamil Nadu government, will be held in Chennai from September 14 to 17.
Earlier, an inter-ministerial group used to take these decisions.
United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
The award was conferred by French Ambassador Dominique Girard at a function.
Gopalakrishnan, who is the immediate past President of CII, is the Chairman of the summit.
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
According to data released on Thursday, Wholesale Price Index-based inflation rose to seven per cent in October from 6.46 per cent in September.
In a major liberalisation, the government on Thursday allowed manufacturing of several hundreds of equipment and products in the defence sector without licence.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
The India Economic Summit which would deliberate on ways to enhance India's competitiveness and present the country's perspective to the business world, would begin in New Delhi from November 27-29
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