The CII meet was ideal for laying out details of concrete policies. But Rahul Gandhi did not choose to speak in concrete terms. Devangshu Datta examines
India Inc on Friday said the hike in railway passenger and freight fares will help in resource mobilisation, hoping that the higher fares will lead to better quality and safety of services offered by the Indian Railways, while asking the government to allow FDI in Railways.
Infosys executive co-chairman and president of the Confederation of Indian Industries Kris Gopalakrishnan on Friday heaped praise on Gujarat Chief Minister Narendra Modi, describing him as 'a global leader'.
The Union Communications and IT Minister Arun Shourie on Wednesday invited the Japanese companies to relocate their hardware facilities to India and sought withdrawal of the 20 per cent withholding taxes for software exports.
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.
Sharma, who has been regularly reviewing the situation with senior officials, has expressed concern over the drop in industrial performance in the recent months, the statement said.
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.
India moving in right direction on GST, says Panagariya.
Rahul Gandhi spoke about his vision of empowering women and giving voice to the people of billion-strong nation.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
Steps are needed at granular level to boost investment in infrastructure, says Vinayak Chatterjee.
Sebi was also working on issues like the role of independent directors for board-level corporate governance, related party transactions and methodology for fixing of compensation of top personnel of companies.
'This has become a necessity now to kick start the investment cycle'
'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.
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.
With political uncertainty reaching a new high, India Inc gets more anxious.
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
Sectors throw up a wishlist for the Finance Minister.
Winning against Covid means thinking ahead, at least six months, putting in place the likely scenarios of what might happen, and then planning. Planning is the role of the government. Having planned, it should communicate what and why. Then, get out of the way, recommends Naushad Forbes.
The large drop was for export orders that were meant to be delivered until October.
After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review.
No single real estate company holds even 5 per cent of the total market share.
Etihad is in talks to pick up a 24 percent stake in Jet.
At 8 million a month, times two doses, it will take us 17 years to administer the vaccine to our 800 million adults. The rollout must speed up twenty times, asserts Naushad Forbes.
The chambers said that the situation calls for urgent policy measures both by RBI and the government to salvage industry from further decline in industrial output.
We will now get CAG to do the audit for the last 3-4 years, says the secretary.
India is set to give a major push to 'Brand India' in China in an attempt to strengthen its foothold in the country, even as bilateral trade rises at a blistering pace, industry officials said.
He is expected to spell out his vision for economic growth of the country at the CII's Annual General Meeting.
National Innovation Council (NIC) Chairman Sam Pitroda on Monday said the council will launch its Rs 5,000-crore venture fund aimed at supporting small enterprises by March.
"A Meryl Streep or Jimmy Kimmel can speak their mind, and stay assured that they won't be harmed. That does not happen in India," say Manavi Kapur & Ranjita Ganesan.
Breakfast meeting between Timothy Geithner, US treasury secretary, leading industralists due Wednesday.
India Inc on Friday said major announcements made by government, including operationalisation of 51 per cent FDI in multi-brand retail, are huge "mood lifters", besides dispelling the impression of any policy paralysis in the government.
Violence broke out in an industrial area in South Delhi on Thursday and factories attacked in capital's suburb Noida for the second day in the nationwide strike called by trade unions which badly hit banking services amid a mixed response in states.
Mamata Banerjee government was principally opposed to granting SEZ status to any such units willing to come to the state
India's exports during the April-July period have shrunk by 5.06 per cent to $80.4 billion. Industrial output in the April-June quarter too contracted by 0.1 per cent this fiscal.
They feel reducing policy rates will help to boost production and revive the economy.
India Inc is seeking at least quarterly interactions with senior government representatives to establish a channel of communication and help change the opinion at the highest level.
"I would hope that the government would very respectfully request him to continue for one term or my preference would be two terms," Narayana Murthy said.
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.
