A draft bill on the Unique Identity Project would be made public within the next one month, chairman of UIDAI Nandan Nilekani said on Tuesday. "We need an Act to govern a regulatory body like UIDAI. The draft of the Act will be put for public discussion in the next four weeks," he told reporters on the sidelines of a Confederation of Indian Industries function in New Delhi.
The data centre will act as a disaster recovery platform.
The company would focus only on expanding its existing facilities at an investment of around Rs 600 crore (Rs 6 billion), said S Gopalakrishnan, chief executive officer and managing director.
The income tax department has come out with a circular that redefines the term "charitable purpose", that is likely to bring associations like Confederation of Indian Industry or Ficci and Board of Control for Cricket in India, one of the world's richest sports bodies, outside the purview of exemptions. The circular, which was published on December 19, now says any entity that does business or trade in exchange for a fee or income cannot claim exemption from paying income tax
Ashok Soota has cited 4 challenges that India Inc is facing. He stressed on a robust risk management strategy for Indian companies. He also stated responding to changes in market environment, resolving legal and regulatory differences and encouraging leadership and accepting cultural diversity as other challenges. Highlighting the challenges faced by the India Inc, experts said globalisation is essential to pursue growth opportunities and leverage comparative advantage.
An agreement to set up an Indian technology centre in Moscow to promote commercial use of Russian technology will be signed during Science and Technology Minister Kapil Sibal's visit beginning today.
In order to be competitive, the companies should now add value to their services and innovate ways to become efficient. With the continuing onslaught of the global financial crisis, companies are turning to large-scale lay-offs to cut cost and tide over the crisis.
The CII delegation includes many eminent names.
The four key risk areas India needs to focus on at the moment include economic security, energy security, agriculture and food security and national security, it adds. The WEC-CII report says many issues facing India in these four areas will require considerable long-term investment from both public and private sectors. 'Decision-makers in government and business will be forced to make trade-offs as to where spending and investments are allocated,' it said.
With the new government remaining committed to restructure airports, the Canadian companies are eyeing projects worth over Rs 5400 crore (Rs 54 billion) to make world-class airports in the country.
'There is no need for suspicion regarding the US-India civil nuclear agreement,' US Ambassador David C Mulford tells the Rediff Chat.
The Finance Commission (task force) had recommended an overall GST rate of 12 per cent 'but it is likely to be higher than that', revenue secretary Sunil Mitra said at a Confederation of Indian Industry seminar in New Delhi.
The government needs to allocate more funds for basis amenities like primary education and healthcare in order to attain its inclusive growth target, noted economist and Nobel laureate Amartya Sen said on Wednesday. "Fear of wastage stops the government from spending too much on education and healthcare," Sen said, adding the overall economic growth cannot be enough in itself if these resources are not properly developed.
The centre of excellence, a non-profit joint venture between tobacco-to-hotels major ITC and the Confederation of Indian Industry (CII), is working on a rating system for companies' corporate social responsibility (CSR) programmes. The first exercise of its kind in India, the idea is to incentivise CSR programmes to strengthen companies' ability to bargain for tax breaks and create a better image with consumers and stakeholders.
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.
Owing to the poor market conditions and tepid sentiments, the size of the show has shrunk compared to the last edition, which took place in 2018. A majority of the two-wheeler makers, and several car and commercial vehicle makers, have opted out of this year's show, which opens for the media on Wednesday.
Southern states will soon sell non-prescription drugs in post offices.
The country has seen and upswing in demand for both affordable and the premium housing segments.
The CEOs on both sides, headed by Thomas d'Aquino, chief executive and president of Canadian Council of Chief Executives, and Tarun Das, president of Confederation of Indian Industries, submitted a 14-page report on September 2 to the two trade ministers in Canada and India for their considerations and follow-up actions.
After a long debate with Planning Commission, Finance Minister P Chidambaram has finally agreed to consider funding infrastructure projects through the country's booming foreign exchange reserves that currently stand at about $170 billion.
The draft Environment Impact Assessment notification will throttle speedy implementation of projects\n
The Confederation of Indian Industry has entered into an agreement with the Chinese city of Sheynag to promote long-term cooperation in the area of information technology.
Days before the national biofuel policy is taken up by the Union Cabinet, the Confederation of Indian Industries has demanded incorporation of enough "flexibility in the biofuel blending mandate" based on the availability of such fuels.
The Federation of Indian Airlines, the group formed by various carriers, has appointed Amitabh Khosla from CII as Executive Director to head its secretariat and plans to have a Director General later.
"If the government is going to borrow from the market to fill the fiscal deficit, then they are going to suck up all the money available in the banks and we will be crowded out," the new CII president Venu Srinivasan told reporters in New Delhi. Pitching for monetisation of the budget deficit, he said, "It means printing notes. Which means you have the risk of increasing inflation but at the same time you will keep the economy afloat".
Pointing out there is complete awareness of what needs to be done, who needs to do it and the urgency to get it done, Damodaran said the only thing missing is its execution.
Following its conversion into a corporate body, the Bombay Stock Exchange on Wednesday said it will strengthen its governance standards and practices and expected listed entities to diligently follow governance norms.
The Company Law Amendment Bill is aimed at protecting the interest of investors with stiffer disclosure norms. It proposes tougher penalties for defaults by managements.
The Forum is organised by Singapore Indian Chambers of Commerce and Industry, with the partnership of state-trade agency IE Singapore, the Confederation of Indian Industry and the Singapore Chinese Chamber of Commerce and Industry.
Says Satyam is not a commodity. B K Modi of Spice had earlier pushed for e-auction, for its transparency.
Terming inflation as a key challenge, the Confederation of Indian Industry on Thursday said the government is worried, but not panicked, that rising prices may go to levels where controlling it could become difficult.
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