Dr Vijay Kelkar, adviser to the finance minister, will meet industry representatives on Monday in Mumbai to discuss his indirect tax proposals as well as pre-Budget issues.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
Foreign investment opportunities in the fast expanding health sector in India are vast and profitable with a payback period of five to six years, an Indian delegation said in New York.
Inflation, remained in negative territory for the 7th month in May
'Union Budgets are often used as political instruments and that was the intention of this government too.' 'But while the exercise has settled two fronts, it has left open several others and this has the potential to aggravate with time,' predicts Nilanjan Mukhopadhyay.
Corporate India tempered its victory celebrations for the supposedly business-friendly Narendra Modi-led National Democratic Alliance's landslide electoral victory by highlighting the need for immediate steps to create jobs through inclusive economic growth.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
The beneficiaries of the second set of announcements are expected to be micro, small, and medium enterprises, farmers, women, poor, migrant workers, and other marginalised sections of the society, reports Arup Roychoudhury.
Prime Minister Narendra Modi on Tuesday met business leaders to hear their grievances on issues ranging from high capital cost to ease of doing business to certainty on taxation matters, as he interacted for the first time with the Indian industry chambers since taking charge over a year ago.
India Inc on Tuesday welcomed the Centre's move to scrap the controversial Press Note 18 and said that it was an "irritant" which has been removed.
As many as 23 companies have evinced interest in acquiring the Indian space agency's Small Satellite Launch Vehicle technology, said a top official who termed it a "tremendous response". Chairman of Indian National Space Promotion and Authorisation Centre (IN-SPACe) Pawan K Goenka said on Thursday that they are keen to see how the private sector uses the Small Satellite Launch Vehicle (SSLV) technology. "There has been a tremendous response, 23 companies have (so far) shown interest in applying for this technology.
National Security Advisor Ajit Doval on Sunday, May 7, 2023, held a meeting with his US counterpart Jake Sullivan, United Arab Emirates counterpart Sheikh Tahnoun bin Zayed Al Nahyan and Saudi Arabia Crown Prince and Prime Minister Mohammad bin Salman bin Abdulaziz Al Saud and discussed means to strengthen ties between the countries.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
Companies manufacturing fast-moving consumer goods (FMCG) continue to see rural stress sustain and it continues to trail urban demand. At the Confederation of Indian Industry's FMCG summit, managements of various companies pointed out urban demand continued to grow while rural demand remained under pressure because incomes were under stress in rural areas. "Due to rural stress, volumes continue to remain an issue for the industry and we are yet to see any revival in demand," Sudhir Sitapati, managing director (MD) and chief executive officer (CEO) at Godrej Consumer Products
Ensuring health insurance for all workers would be major challenge for the industry that is already grappling with cash crunch, and the government should have borne the cost.
Prime Minister Narendra Modi is addressing the India Inc on ways to deal with the spread of coronavirus and also boost economic activity.
The delegation of Indian CEOs from Confederation of Indian Industry highlighted the growing sense of optimism in India following the recent election results.
Indians spend a higher percentage of their earnings on food consumption, compared with other countries globally, Ramachandra N Galla, chairman of Amara Raja Group, said.
Work on a dozen decisions to start by next week.
The ongoing economic slowdown seems to have weighed down on the confidence of India Inc.
Federation of Indian Export Organisations president A Sakthivel said the quotations from the Chinese suppliers do not reflect the real value of the dollar, hurting the Indian interests.
The provisions of the bill related to the conditions on issuing H-1B visas is being opposed by Indian companies, who heavily rely in this category of work visas.
Check who's there: Preity Zinta, Kareena Kapoor, Ash and more!
The Confederation of Indian Industry (CII) has called for speedy implementation of key railway projects, such as the Dedicated Freight Corridor, high-speed rail corridors, rolling stock and other capacity enhancement works.
In a rare show of solidarity, more than 20 top American lawmakers turned up for a Capitol Hill reception organised by the Confederation of Indian Industry.
Led by Ajay Shriram, chairman and senior managing director, DCM Shriram, the CEO's delegation seeks to convey to their American counterparts the sense of optimism amongst Indian industry.
The publishing industry in the western countries, which once thrived because of the cost advantage, was suffering from high cost of production, including wages. With advent of digital printing, the cost of printing books had also become costlier, due to high cost of paper and machinery.
'Right to apprenticeship means that anyone below the age of 25 years with a diploma or other qualifications can demand an apprenticeship with a private, a public sector company or a government organisation. And when he/she demands this, it is the obligation of the government to provide it.'
The Confederation of Indian Industry has also inked a pact with Santech Communication to serve the needs of industry for nanotechnology-based products.
Forget all those theories about the passive, fatalist Indian, long peddled by commentators, both home-grown and foreign. If recent survey data are to be believed, Indians are among the most optimistic people on earth, and this is true of consumers, investors, business managers. . . the whole spectrum.
Over 70 per cent of these companies have increased staff since 2005, and expect to create another 3,400 jobs this year.
MoUs range across pharma, telecom, IT and homeland security.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
Recovery from the second wave of the pandemic in April-May is expected to be swifter as compared to the first wave in 2020, according to the Confederation of Indian Industries (CII) chief executive officers (CEOs) poll of 119 top corporate. During the second wave, the lockdowns were largely designed to limit social gatherings and impact on economic activities was restricted. This helped arrest the impact of the second wave on economic growth, according to a survey conducted by the industry lobby group Confederation of Indian Industries (CII). About 59 per cent of the CEOs polled expect the recovery in sales to be better than in the first wave for their companies, while 46 per cent of them expressed a similar trend for their respective industry sectors.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances