Federation of Indian Chambers of Commerce and Industry says banning colas without following proper law will hurt India's credibility and investment climate.
The stimulus packages should continue for another year or at least till October 31, he said, pointing out that the economy is yet to achieve the pre-crisis level of nine per cent.
India on Monday unveiled a roadmap to step up trade with Latin American countries by ten times to over $22 billion in the coming years.
A delegation from Ficci explained the project to the businessmen at an India-South Africa Round Table in Johannesburg on Tuesday.
According to the quarterly Business Confidence Survey for the third quarter of 2012-13 by the Federation of Indian Chambers of Commerce and Industry, there is an expectation of higher sales and profits in the first half of calendar year 2013.
Federation of Indian Chambers of Commerce and Industry said the Reserve Bank's step may make availability of funds through external commercial borrowing route more expensive.
'Roads are important as they provide domestic economic stimulus.'
India and the 27-nation European Union are negotiating Broad based Trade and Investment Agreement since June 2007, but a breakthrough has not yet been achieved due to strong differences on several of the issues.
What are the problems affecting the growth of food processing sector in India
The Federation of Indian Chambers of Commerce and Industry (Ficci) president RV Kanoria calls for privatisation of Coal India Limited (CIL), the world's largest coal producer and India's public sector unit.
Close on the heels of amending the Patent Law to bring in product patent regime, the government is all set to come out with a separate legislation for data protection.
Federation of Indian Chambers of Commerce and Industry president and Bharti Enterprises vice president Rajan Bharti Mittal chaired a symposium on corporate leadership on climate change in the presence of the Prince of Wales, who is here in connection with the Commonwealth Games.
One of the papers could be on liberalising the foreign direct investment regime in the retail sector.
With the US economy in recession, the Obama administration is coming under a domestic pressure to protect its economy by restricting outsourcing of manufacturing and services. Newly appointed US trade representative Ron Kirk said in Geneva on Wednesday that countries like India and China which are seeking leadership position in WTO should agree to give improved market access.
Draft norms soon, but central bank worried about self-dealing by company promoters.
The feedback gathered from industry shows that while during the first half of current fiscal (April-Sept 2008) there was moderation in the growth of several segments of the services sector, from October 2008 onwards a marked deterioration in performance was seen in many areas. The survey is based on the interaction with over 250 representatives of various service-related industry associations, organisations, and companies in both the private and public sector.
The Centre said on Wednesday it had made a good offer for the proposed Free Trade Agreement with the Association of South East Asian Nation and is awaiting ASEAN's reactions to it.
The industry body also asked for extending cost subsidies to all cold chain projects ranging from 25-50 per cent of the total cost.
The survey predicts that agricultural growth would contract by 1 per cent this fiscal, but the industry would grow by 8.5 per cent, and services by a smart 9 per cent.
Reacting to Finance Minister P Chidamabaram's statement that a section of industry is artificially pushing up prices, Habil Khorakiwala, the new president of Federation of Indian Chambers of Commerce and Industry said there was no evidence
Journalist Amir Mateen travelled to India to cover the India-Pakistan parliamentary dialogue hosted jointly by the Federation of Indian Chambers of Commerce and Industry and the Jinnah Institute. This is the first part of his travelogue on India
Former India wicketkeeper and chairman of selectors Kiran More says the IPL will benefit from Chirayu Ramanbhai Amin's undoubted administrative skills.
The government on Wednesday termed as "transient" the dip in export growth in August and said the trend would be known only in the coming months.
Ficci's Business Confidence Survey continued to show a robust rise in the second quarter of the ongoing financial year 2010-11 as all three confidence indices -- current conditions index, expectations index and overall business confidence index -- saw an increase in their values.
The Asian economy is likely to suffer a loss of $11-50 billion following the outbreak of severe acute respiratory syndrome epidemic, a study by industry chamber Federation of Indian Chambers of Commerce and Industry said.
The recent NSG waiver, which has opened a new window for nuclear commerce in India, will benefit over 600 domestic and international firms and help draw over Rs 180,000 crore (Rs 1,800 billion) in foreign investment over the next 10-15 years, according to the Federation of Indian Chambers of Commerce and Industries (Ficci).
FICCI said India is losing billions of dollars in taxable revenue (an estimated Rs 12-20,000 crore annually) through black marketing operations in sports betting.
Close on the heels of the Indian team's visit to Thailand for discussions on bilateral free trade agreement, FICCI president Y K Modi met Thailand Prime Minister Thaksin Shinawatra in Bangkok to promote business ties between the two countries.
Till the second quarter of 2011, the food sector has attracted more than $100 million investments through PEs," according to the 'Food Franchising Report 2011' brought out by Franchise India and Ficci.
The social media giant is planning to launch roadshows in these locations as part of its 'SMB Boost' programme.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
Chains such as Fortis generate a significant portion of their revenue through health insurance policy reimbursements.
A successful entrepreneur from Karnataka, Rajeev founded Jupiter Capital, a venture development managment and investment company, in 2005 and launched the Kannada channel Suvarna in 2007.
'No nation can be self-sufficient in defence, nuclear and space technologies without domestic capabilities in hardware development and manufacturing,' says the Wipro chief.\n\n\n\n
To reap the benefits following India and Pakistan governments' decision to further bilateral trade ties, a high-powered 70-member delegation of the Federation of Indian Chambers of Commerce and Industry
After attending a meeting in Mumbai with RBI's top brass headed by Governor D Subbarao, Harsha Pati Singhania, president, FICCI, said the real rate of interest remained in double digits despite inflation having declined sharply. "Given the present interest rate structure and the inflation rate, real rate of interest is still in double-digits. With the near-zero rate of inflation, the real and nominal rates of interest are almost at the same level," said another industrialist.
Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.
In fact, India stands to gain in sectors such as textiles, handicrafts, chemicals and pharmaceutical from its trade with the Asean economies.
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