The government on Friday admitted that providing more and better jobs to the young still remained a challenge, even as the Indian economy was back on a high growth path after hit by the global financial crisis for two years.
Central Board of Excise and Customs Chairperson Vanaja Sarna said there will be genuine errors due to lack of understanding in the initial days. "CBEC has enforcement authorities and I have specifically said that the first three to six months are a go-slow.... I don't want small cases to be made," Sarna said at a CII event.
The government on Tuesday asked the apex industry chambers to prepare their report card on affirmative action for Scheduled Castes/ Scheduled Tribes and weaker sections before August 15, so that it can be included in Prime Minister's Independence Day speech.
New CII President B Muthuraman on Wednesday said an amnesty scheme for unearthing black money is feasible provided the government gives a strong message that those not declaring this type of funds will go to jail.
Ecommerce firms will have it tough as govt turns down FDI proposal.
However, economists call the deficit target not feasible, given the current global crude oil prices.
The Bharatiya Janata Party on Saturday accused Prime Minister Manmohan Singh of failing to act on corruption cases, saying it was the cause of people's angry reactions and huge support to Anna Hazare's campaign for an effective Lokpal bill.
Union Finance Minister Pranab Mukherjee appealed to Anna Hazare to end his hunger strike, which entered the fourth day, and join the informal committee to make an effective Lokpal Bill.
Rajni Bakshi explains why a mobilisation like the Kisan Swaraj Yatra is significant and why it is opposed to GM crop.
The Reserve Bank will announce draft guidelines for giving new banking licences in the next few days, the Finance Ministry said on Monday.
A parliamentary panel's suggestion that CEOs' salaries should be capped has not found favour with industry chambers and leaders, who said the matter should be left to corporates and their shareholders.
There is discrimination against women in insurance cover. As a flood of insurance companies tap the capital markets with public issues, there is however, hardly any reference to this asymmetry. Subhomoy Bhattacharjee reports
MET League of Colleges and Chartered Insurance Institutes (CII), London announce the eMBA-Insurance programme.
An overwhelming majority of senior executives from various sectors favour introduction of the proposed Goods and Services Tax and think that it will increase profitability for firms, according to a survey by industry body CII and global consultancy KPMG.
The government on Thursday said it may not be possible to roll out the Goods and Services Tax (GST) from April next year, as the proposal needs consent from all the states. "...the (GST) legislation cannot be voted upon until the ratification is completed...there may be problem on the time factor (April 1, 2012)," Revenue Secretary Sunil Mitra said at a CII post-Budget conference.
"I am not of the view that diesel price deregulation is inevitable and that is the position taken by petroleum ministry right now. Given the inflationary situation right now, we don't want to do that...," chief economic adviser Kaushik Basu told reporters on the sidelines of a CII event here.
Plans 'complete' agricultural solution in mining areas
'Indian entrepreneurs became traders for Chinese goods rather than producers of goods.'
India's trade deficit will widen till March 2011 and is likely to be between $115 billion and 125 billion, a top DGFT official said.
"In the next five years, we are aiming to have $ 250 billion FDI coming into India," Commerce and Industry Minister Anand Sharma said at a CII function in New Delhi.
Delhi is the best Indian city to live in, while steel city Jamshedpur ranks lowest in the Liveability Index 2010 prepared jointly by CII and Institute for Competitiveness.
India Inc on Thursday expressed fear that the RBI's decision to raise key short-term rates will push up the cost of borrowing, making some of their projects unviable and hurting expansion plans.
Currently, trade between India and Africa stands at about $45 billion.
The idea is not to form a Bengali lobby group but simply to get to know each other better.
The government is in talks with pharmaceutical companies for ensuring availability of cancer drugs at a minimal price at their low-cost pharmacy chain Jan Aushadhi stores across the country.
Graduates in any discipline from a recognised University or appearing for final year exam are eligible to apply.
Cadbury India said it will start local manufacturing of parent Kraft Foods' orange drink Tang, while it will also embark on a capacity expansion for its confectionery products.
Country's largest telecom service provider Bharti Airtel on Monday revealed its plans to launch iPhone 4, the latest product from Apple Computers's stable, by October.
BJP leader Subramanian Swamy on Sunday urged the Centre to do away with the system of collecting income tax and instead find out other means to raise money to the exchequer.
Finance Minister Arun Jaitley said that it is imperative to maintain high growth rates.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
MoUs range across pharma, telecom, IT and homeland security.
Union Water Resources Minister Uma Bharti on Monday dismissed concerns over alleged slow progress in the Centre's Namami Gange programme saying that the NDA government has resolved to make the river as "one of the cleanest" in the world by October 2018.
"Serious deliberations are underway for establishing a regulator for the coal sector and similar thought is now being given to other infrastructure sectors as well," said Pranab Mukherjee.
India's annual industrial output grew at a slower-than-expected pace of 3.6 percent in September.
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
A whopping 59 million tonnes of fruits and vegetables go wasted in the country in a year due to lack of proper cold storage infrastructure, Minister of State for Food and Agriculture K V Thomas said on Tuesday.
'Instead of doing reforms and restructuring, the present government is busy with the perception that everything is fine and the economy is hunky-dory.' 'Such hollow perceptions are very dangerous for the Indian economy in the long run.' 'The real risk to India is the lack of decent employment opportunities for youth in general and educated youth in particular.'
Measures adopted by the European Central Bank and the International Monetary Fund are sufficient to prevent the Eurozone crisis from spilling over to other parts of the globe, a senior Canadian minister said on Tuesday.
Malaysia on Wednesday said it wants to complete talks this year for a separate trade-opening pact with India, in addition to liberalising commerce through the Indo-ASEAN Free Trade Agreement, operationalised this month.
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