In a letter to Prime Minister Manmohan Singh, Ficci president R V Kanoria said it is possible to have NIB "without violating any existing Act or rule as the intention is to speed up the decision making process and not bypass any law".
While Federation of Indian Chambers of Commerce and Industry extended an all-out support to the government, Confederation of Indian Industry recommended 'a calibrated approach for introducing FDI in the retail sector in terms of the percentage and minimum capitalisation requirements'.
US Commerce Secretary Gary Locke's robust meetings in Mumbai, includes a bilateral with the Governor of the RBIndia Dr D Subbarao and senior officials at the Department of Atomic Energy and the Nuclear Power Corporation of India, in addition to speeches to the Federation of the Indian Chambers of Commerce and Industry and the National Association of Software and Service Companies, will also be punctuated with an interaction with the dabbawallahs or tiffin caterers.
The economic environment is a matter of concern but there is no reason to be pessimistic, said President Pranab Mukherjee during his first visit to Chennai.
The formation of the Indian Business Leaders Forum was announced on Sunday by India Trade & Exhibition Centre Middle East established in Sharjah with the mandate from the Indian Ministry of Commerce and Sharjah Chamber of Commerce and Industry.
IT topped the group with over 210,000 jobs created in the 2012. Academics and education ranked second with over 34,500 jobs.
While FICCI officials said that parting of ways with Price Waterhouse was not related to the Satyam episode, sources said all business chambers have become wary of associating with those getting infamy from the country's largest corporate fraud.
The local chapter of Indian Chamber of Commerce and Industry in Coimbatore has again appealed to the Centre to reconsider the imposition of service tax on goods transportation.
The apex biz chamber said that there is an urgent need to make contract farming legal.
The recent Cabinet decision to allow 51 per cent foreign direct investment in the multi-brand retail sector in India has deeply divided the nation's political, social and trading classes.
India said said that rolling back of fiscal and monetary stimulus packages, injected by the government to counter the effects of economic downturn, at this stage would be "counter-productive and disastrous to the industry."
Industry chambers on Monday said though the stock markets dipped heavily, the fundamentals of the economy would remain unaffected and there was no need for panic following the two bomb explosions in Mumbai.
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The world has changed from G7 to G8 to G20, where India plays a key role.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
The Union government is considering a proposal to empower the states to frame separate labour laws in certain specific locations to attract investments, Union Commerce and Industries Minister Kamal Nath said on Friday.
'His death is an irreparable loss to the nation'.
the Associated Chambers of Commerce and Industry on Wednesday said the country's IT industry is slated to grow by 26 per cent this year driven by strong economic performance.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
India has announced suspension of all tourist visas till April 15 in a bid to contain the spread of the virus.
Differing with Prime Minister Manmohan Singh, who feels the corporate sector has been harsh in blaming the government, leading players in India Inc say a policy paralysis in the government and its inability to push reforms have indeed led to an economic slowdown and Singh's criticism is not justified.
In yet another confidence building measure, a business delegation led by Siraj Kassam Teli, president, Karachi Chamber of Commerce and Industry met Commerce and Industry Minister Arun Jaitley in New Delhi on Thursday.
Improved sentiment because of a stable government to push demand, says Knight Frank.
As per the Associated Chambers of Commerce and Industry of India, the two Asian giants can emerge as world's largest trading partners by 2030.
India's clinical trials business is expected to reach $1 billion.
The farm sector's contribution to Indian economy is just around 20 per cent and rural India is in a shambles.
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Ahead of the visit, Chinese embassy officials briefed Indian scholars that investment promised would be $100 billion. How this figure came down to $20 billion is a mystery.
....a long-term boundary agreement is reached between the two countries.
At the Ficci meet, the Gujarat chief minister says 'tax terrorism' in the country is inherently venal; calls for discussion on economic reforms.
Massive restrictions on legal immigration - including restricting immigrants who contribute to medicine, science, and research in the United States, and who are working to develop treatments for coronavirus and other deadly diseases - will not only hinder efforts to save lives, but prevent job creation and hurt American economy as the country struggles to recover.
Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala Sitharaman, as per reports, recently said the government is examining if Sebi has taken "necessary punitive" action in the case. In a media interview, the FM had said the government was analysing if there had been "enough application of mind in dealing with this" and if after applying its mind, Sebi took adequate corrective steps.
In a statement a couple of days ago, the business chamber said, 'The Indo-US civilian nuclear initiative will bring India into the international nuclear non-proliferation mainstream and enhance the safety of India's civil program. The initiative will also help to revitalize the US nuclear industry and create thousands of high-tech American jobs.'
In a show of solidarity, the CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against Covid-19.
Narendra Modi's coming to power will not make any difference to Pakistan's trade ties with India, says Zubair Ahmed Malik, president of the Federation of Pakistan Chambers of Commerce & Industry.
Pakistan should fully implement the roadmap for normalising economic cooperation with India, including granting it the Most Favoured Nation-status, Indian High Commissioner Sharat Sabharwal has said.
A one-day statewide bandh called by the Congress to protest against the Kanker rapes involving minor inmates of a government-run tribal girls' hostel was a complete success across Chhattisgarh on Wednesday.
India's Business Process Outsourcing (BPO) sector is facing stiff competition from the likes of Mexico, Malaysia, Philippines, China, Canada and Ireland that are posing a grave threat to the growth of India's BPO sector, said the Associated Chamber of Commerce and Industry of India.
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