The Ficci Survey for the second quarter of 2008-09, which was carried out during November and December 2008, revealed 52 per cent of companies feel that the overall economic conditions would weaken further in the coming six months. Further nearly 90 per cent of the 412 companies surveyed in the report feel that the economic situation has deteriorated over the last six months.
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.
The world has changed from G7 to G8 to G20, where India plays a key role.
Talks for an India-European Union free trade agreement started in 2007 and the eighth round of negotiations was completed in New Delhi last month.
Amid the raging debate over high CEO salaries, industry chamber Ficci's President Harsh Pati Singhania said if talent is to be attracted one has to pay for it and that in most cases they are "within limits".
MAG was constituted by Department of Electronics and IT in February 2014.
In an open letter to Prime Minister Manmohan Singh and to Union Commerce Minister Anand Sharma, the industry body has outlined its view on the climate change negotiations based on Indian industry's feedback and called for the prime minister to urge the developed world to provide technology transfer and funds to help mitigate the crisis.
India Inc has couter attacked claims by US presidential candidates about the drain of jobs from US to India.
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."
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
The apex biz chamber said that there is an urgent need to make contract farming legal.
The government said on Tuesday the Reserve Bank of India would consider the US demand for relaxing the branch opening norms for foreign banks in India as per the roadmap prepared by the country's central bank.
Dismissing concerns of India facing a governance deficit, Prakash P Hinduja, chairman, advisory board of Hinduja Bank, Switzerland, said on Tuesday that the Indian economy continues to enjoy confidence of global investors.
Ficci stood for the voice of a defensive, traditional Indian business class.
Close on the heels of Pakistani parliamentarians' visit to the country, a Pakistani trade delegation would arrive in New Delhi on a two-day visit from June 27-28.\n\n
A six-member delegation of Indian parliamentarians will visit Sri Lanka from April 8 to 12. The multi-party delegation visiting Colombo and Jaffna will not, however, include MPs from Tamil Nadu.
In order to deal with the issue of accumulation of wealth, Finance Minister P Chidambaram had said the time has come for a debate on imposition of inheritance tax.
India and Russia have agreed to double bilateral trade within 3 years to $10 billion.
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.
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".
Reversing a six month declining trend, WPI inflation moved up marginally to 0.11 per cent in December mainly because of increase in prices of food items.
The farm sector's contribution to Indian economy is just around 20 per cent and rural India is in a shambles.
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.
All industry bodies including Confederation of Indian Industry and Federation of Indian Chamber of Commerce and Industry should work together in their efforts to contribute the country's economic growth, Anand Mahindra, managing director, Mahindra &
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.
Development issues of vital interest to India are expected to receive focused attention at the G20 Summit beginning in Cannes on Wednesday, a Ficci Paper on the B20 Working Group on Development said.
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.
Shinde said the average plant load factor of Indian generation units improved to 77.5 per cent during 2009-10 from 73.6 per cent in 2006.
India is among the top three emerging markets in the wellness economy.
The Indian industry has thus joined hands with the government in urging Americans to lift stringent export controls on high-technology transfer.
Though there are many Indian information technology companies in China, none ever receives an order from a Chinese company or the government.
At the Ficci meet, the Gujarat chief minister says 'tax terrorism' in the country is inherently venal; calls for discussion on economic reforms.
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.
We are solid, and what we are now looking for is a steady explosion of economic cooperation between India and the US, Tarun Das tells rediff.com
Improved sentiment because of a stable government to push demand, says Knight Frank.
Katrina wishes Sunny... Plabita's pretty pictures... Laxmi Raai glows...
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
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