In a major relief to thousands of Indian IT professionals, a federal judge in the US on Thursday blocked the enforcement of a temporary visa ban by the Trump administration on a large number of work permits, including the most sought after H-1B visas, ruling that the president exceeded his constitutional authority.
Canada has started stressing on education as a trade catalyst with colleges and universities traveling to India and other countries in increasingly large numbers for recruiting students and faculty, signing agreements with foreign universities to work in close partnerships, opening satellite campuses in India, and offering joint degrees.
With the liquidity situation in India likely to be a little tight in the days and months ahead, the surveyed economists believe that the Reserve Bank of India may not raise interest rates in a hurry and ensure enough liquidity in the system to keep the growth momentum going.
CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
India has announced suspension of all tourist visas till April 15 in a bid to contain the spread of the virus.
Harsh provisions of the Securitisation Act are killing entrepreneurial activity and might hinder industrial growth, according to a survey conducted by the Federation of Indian Chambers of Commerce and Industry.
The minister addressed the Global India Business Meeting organised by the Federation of Indian Chambers of Commerce and Industry in the German city. CEOs of leading firms from India, Germany, the US and Saudi Arabia, including Siemens, Volkswagen, AirAsia, Bajaj Auto, Genpact India and Infosys attended the conclave.
The memorandum of understanding calls on Ex-Im Bank and Ficci to exchange information on business opportunities for the US exporters and Indian buyers, and to cooperate on workshops and other initiatives to widen understanding of their respective programmes. At a function held at the Ex-Bank headquarters in Washington, the MoU was signed by the Ex-Im Bank Chairman and President Fred P Hochberg and Ficci secretary general Amit Mitra.
A 30-member Federation of Indian Chambers of Commerce and Industry business delegation will visit Baghdad to meet the newly appointed ministers and representatives of the UN bodies for renegotiating their contracts worth Rs 500 crore.
Hinting at tax reforms during the next fiscal year, Prime Minister Manmohan Singh on Saturday assured the industry of better tax administration as he unveiled plans for Rs 60,000 crore
Calling for a strong collaboration between industry, the Centre and states to tide over infrastructure gaps, he said it is time the country catapulted itself into a major manufacturing hub by positioning it as an alternative to China, which is the world's factory now.
Indian companies, led by the Tata group, Essar and HCL Technologies, among others, have created more than 30,000 jobs and made large investments in the United States, a joint report of the Federation of Indian Chambers of Commerce and Industry and the US India Business Council said.
According to latest figures, food inflation stood at 19.83 per cent during the third week of December.
India's exporters are looking out for Euro-dominated trade opportunities due to strengthening of rupee and pressure on profit margins, according to a survey by the Federation of Indian Chamber of Commerce and Industry (FICCI).
In a pre-budget meeting with revenue secretary P V Bhide, a Ficci delegation asked the finance ministry to tread with caution on rolling back the stimulus measures taken to spur growth.
L K Advani, Bharatiya Janata Party stalwart and leader of the Opposition in Lok Sabha, addressed the 81st annual general meeting of the Federation of the Indian Chambers of Commerce and Industry (FICCI) on Thursday. In his speech, Advani makes a strong case for Swadeshi, creatively redefined, as a model of development to benefit Bharat, and not just India.
According to a study by industry association Federation of Indian Chambers of Commerce and Industry and telecom consulting firm BDA, 3G revenues in the country will reach $15.8 billion, 46 per cent of the total wireless revenue, by 2013.
There can be no serious argument for not having an independent regulator in every sector. Regulators in a sector are akin to independent directors on the board of a company who ensure that the game is played by some rules.
60 per cent of the companies reported improved industry performance at present, compared to the last six months.
Minimal tax at the lower level may be ten\n>per cent. But that should start at Rs 500,000 and there should be no tax between Rs 100,000-Rs 500,000.
India and the United States are considering yet another initiative to boost bilateral economic relations. Both sides are now mulling a Private Sector Advisory Gr
The finance ministry on Wednesday ruled out more than 26 per cent foreign direct investment in pension sector and said fund managers would be selected through a competitive bidding process.
The apex bank in its monetary policy for 2010-11 hiked the repo and the reverse repo to 5.25 per cent and 3.75 per cent, respectively, and the CRR to 6 per cent.
Rising crude oil prices along with hardening interest rates in the domestic market have taken a toll on India Inc's growth outlook in the first quarter of the current fiscal.
Leading public sector general insurers have mooted the idea for a regulator to standardise the costs of medical treatment across the country.
Increase in the value of Rupee combined with rising interest rates has resulted in erosion of profitability and competitiveness of Indian exports by up to 12 per cent, according to a report by Ficci.
"We are ready with our money but it's so difficult to get a business visa to India,'' said Dr Abdul Rahman A Al Rabiah, managing director of Alrabiah, a consulting and engineering services company. Quoting instances, Rehman said, "Business leaders who have five-year multi-entry visa into the UK and Europe are merely given a three-month visa for India.''
Outlining priorities for improving the country's international rating and putting it on a high growth trajectory, the Federation of Indian Chamber of Commerce and Industry on Thursday suggested massive overhaul of infrastructure and special emphasis
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