From Rs 191 billion in 2019, the world's largest film producing industry now stands at Rs 72 billion thanks to the pandemic.
"It is a highly regressive move. For the growth of this vital sector of the economy, which is likely to result in strong linkages with the farm sector and for the economy as a whole, it is imperative that reforms like these should take place," FICCI President Harsh Mariwala said.
As per the White Paper issued by FICCI Gems & Jewellery Group -- the total size of the Gems & Jewellery Sector (both domestic and exports) was about Rs 4,15,000 crore (Rs 4,150 billion).
The Gujarat chief minister is going all out to make Modiland a safe haven for women.
"As business volatility and risks continue to rise, Indian organisations see sustainability as a key area of focus in the coming years. This is the clear message," said the study which covered 60 companies.
Sport Minister Ajay Maken said he doesn't have the confidence that the Indian Olympic Association (IOA) can live up to the standards of transparency that hosting an international event like the Olympics or Asian Games demands.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
US Senator Mark Warner, co-chair of the Senate India Caucus, while lauding the burgeoning Indian investment in the US, has urged Indian companies to also explore making such investments in the American heartland instead of the traditional areas in order to change misperceptions on globalisation.
As much as the Haqqani network seems to have catapulted to being the flavour of the day in terms of Pakistan's Inter Services Intelligence-supported terrorist groups in South Asia, a senior State Department official declared that the other ISI-proxy, the Lashkar-e-Tayiba -- responsible for the 26/11 terror attacks in Mumbai -- is equally on even more dangerous.
Decisions taken during the meeting of Prime Minister Narendra Modi and US President Barack Obama will take the bilateral strategic ties to an "altogether new high", India Inc said.
Economy grew at 7.9 per cent in the fourth quarter of 2015-16 taking the overall GDP growth to a five-year high of 7.6 per cent in the fiscal, mainly on account of good performance of manufacturing sector.
The Pune-based company's chief executive Adar Poonawalla said the company, which is the largest vaccine maker in the world, is putting $200 million at risk by manufacturing nearly 300 million doses before the final nod to launch the vaccine in market, which is expected at best by the end of the year.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
With inflation topping the government agenda, economists have told Finance Minister Pranab Mukherjee to focus on policies to boost agricultural productivity in the upcoming Budget for 2011-12.
At present, global retail firms can invest up to 51 per cent in India and need a local joint venture partner.
'There is no shortage of any APIs (active pharmaceutical ingredients) in the country'
Actors and directors share their struggles, their journey and their Bollywood dreams
Encouraged by softening inflation, the RBI on Thursday decided to cut the benchmark interest rate by 0.25 per cent to 7.75 per cent with a view to boost growth.
Nirupama Rao, India's new ambassador to the United States, has defended India's stand on Libya and Syria, which stands in stark contrast to that of the US and its allies in the NATO. In the interaction that followed her keynote address at the third Brookings-FICCI Strategic Dialogue on US-India Relations, Rao said, "Let me say that we deeply value the consultations that we had with the United States on issues related to the Arab Spring and the upheavals that we have seen".
Grappling with a high rate of price rise, the government on Tuesday expressed concern that increasing prices of crude and other commodities in global markets could add to inflationary pressure in the country.
India Inc on Friday said RBI's 12th rate hike, since March 2010, is unlikely to tame rising inflation and could instead lead to a further slowdown in investments and industrial growth.
'You have to explain to them about Indian investments in the US creating jobs this reverse outsourcing'
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.
Bharti Global is planning to put up more satellites and has set a stiff deadline to launch commercial Internet services by October in the UK, Alaska, northern Russia and northern Europe.
The US-India Business Council (USIBC) in coordination with the Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce & Industry (Ficci) is preparing a list of invitees for the business summit to be addressed by visiting US President Barack Obama.
Finance Minister Arun Jaitley is expected to present the Budget for 2014-15 in July.
The Indian banking sector is poised to become the world's third largest in asset size over the next 14 years.
The state government was under a mammoth debt of Rs 2 lakh crore.
Facing flak from industries over alleged delay in projects due to green rules, Environment Ministry on Monday came out with a new proposal of "compensatory afforestation" to help them get early forest clearances.
"The notification will be finalised in the first week of May and would be implemented from June 1, 2011," Secretary in the Ministry of Corporate Affairs D K Mittal told reporters on the sidelines of a FICCI event in New Delhi.
Demand of mobile handsets in the country is expected to reach 350 million units per annum by 2020, says a study by industry body FICCI with market analyst firm Ernst and Young (E&Y).
Hotel infrastructure needs a big boost in the coming years.
Global computer hardware major Intel has announced the deployment of Intel Insider, a new hardware feature of the 2nd Generational Intel Core processors that will allow Indian consumers to purchase and rent the latest high definition (HD) movies on their personal computers.
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn today commended India's role in managing capital inflows, which have already crossed $50 billion this year--about 4 per cent of the country's Gross Domestic Product (GDP).
"We are counting on India's rise not just as an economic partner but as a global power one that engages everywhere from Latin America to the Middle East to East Asia," Deputy Secretary of State William J Burns said in his remarks on 'Is there a future for the US-India partnership?', organised jointly by the FICCI and Brookings Institute, a Washington-based eminent American think tank.
Amid confrontation between Tatas and the West Bengal government over the Singur issue, Plan panel member Arun Maira on Wednesday questioned the group's approach saying corporates should be careful in what sort of land is acquired and how it is converted for industrial purposes.
Industry chamber Ficci said, Japan as a nation would overcome the calamity to reassure its place in the comity of most prominent economies of the world.
The government on Tuesday asked the apex industry chambers to prepare their report card on affirmative action for Scheduled Castes/ Scheduled Tribes and weaker sections before August 15, so that it can be included in Prime Minister's Independence Day speech.
"I don't think that it is government's view that the present inflation cannot be brought under control without FDI in multi-brand retail. We can bring inflation under control," Planning Commission Deputy Chairman Montek Singh Ahluwalia said.
Multinational organizations including PepsiCo and industry associations like IPA, have come in favour of India's intellectual property regime, which is being reviewed by the US administration.
