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."
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 government is looking at formulating a national broadband policy to push broadband penetration in the country and has already prepared a vision paper along with the Confederation of Indian Industry.
India moving in right direction on GST, says Panagariya.
Relax fiscal consolidation, boost public capex and reduce cost of finance, industry tells Centre
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.
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.
Rahul Gandhi spoke about his vision of empowering women and giving voice to the people of billion-strong nation.
The large drop was for export orders that were meant to be delivered until October.
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.
Steps are needed at granular level to boost investment in infrastructure, says Vinayak Chatterjee.
'This has become a necessity now to kick start the investment cycle'
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.
With political uncertainty reaching a new high, India Inc gets more anxious.
"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.
Sectors throw up a wishlist for the Finance Minister.
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.
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.
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.
Breakfast meeting between Timothy Geithner, US treasury secretary, leading industralists due Wednesday.
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.
"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.
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.
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.
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.
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.
Indian economy grew at a nine-year low rate of 5.3 per cent in January-March quarter in the last financial year and also in the last fiscal at 6.5 per cent.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
Kapil Sibal said the operators need to change their mindset by moving away from voice services to data.
Telecom Minister Kapil Sibal on Friday said the mobile phone operators must move from voice-based revenue model and customers should gradually be charged only for data services and not for making calls.
Tata-owned Jaguar Land Rover plans to generate 4,500 manufacturing and engineering jobs in London over next five years, JLR executive director Mike Wright has said.
He sought to know from the industry if it wanted India to become a no-tax country.
CAG has said the government suffered a presumptive loss of Rs 1.86 lakh crore (Rs 1.86 trillion) in coal block allocations during 2004-2008, when Prime Minister Manmohan Singh held the coal portfolio.
