'What stood out at these meetings between industry representatives and government leaders was how the equation between the ministers and industry had undergone a subtle and qualitative change,' points out A K Bhattacharya.
"Earlier, India was a land of snake charmers. Now, Americans perceive Indians to be very smart. The infotech revolution changed it all," says FICCI Secretary-General Amit Mitra.
Leading industry and export chambers like PHDCCI and Federation of Indian Export Organisation on Tuesday demanded 1.0 per cent cut in bank rate and cheaper export finance in Reserve Bank of India's' forthcoming busy season credit policy.
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.
'They sell such ideas in the name of 'national interest'.' 'What national interest are they talking about?' 'There is no national interest in this. The only interest that is there is their profit.'
Almost 53 per cent of the companies covered by the survey felt that high cost of credit was creating a problem for India Inc.
A delegation of 100 Pakistani businessmen would visit New Delhi next week to take part in a meeting of the India-Pakistan Chambers of Commerce and Industry.
Around 100 leading corporates from Pakistan will arrive in New Delhi on July seven as part of a business delegation to discuss the macro level trade issues.
The Reference has asked the court for its view whether the verdict in the 2G case be given retrospective effect for radio waves granted since 1994.
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
'One of the aspects for transparency and fair governance is to give the industry being represented the chance of lobbying with the regulator.'
Loss of confirmed orders, increase in wages and labour shortage were blamed on the scheme in a survey of 100 companies from diverse sectors.
India's leading industry chambers, the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (Ficci), said the US government should remove export restrictions on dual-use technologies.
Birla was the chairman of Century Textiles and Industries and had been active in business since the age of 15. He was instrumental in a slew of business initiatives, starting with his stint as the chairman of Kesoram Industries.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
Leading industry chambers, Confederation of Indian Industry and Federation of Indian Chamber of Commerce and Industry on Tuesday said the loss caused by Tsunami disaster was limited to shipping, tourism and marine products export sectors but refused
India Inc's initiative to adopt Industrial Training Institutes (ITIs) across the country is facing problems because of low level of cooperation on the field as well as red-tapism, industry lobby groups have claimed.
Industry representatives recommended that the basic annual exemption limit for individuals should be raised to Rs 1,50,000 from Rs 1,10,000 and the peak income tax rate be cut to 25 per cent, from 30 per cent at present.
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.
In the midst of a political thaw, a large trade delegation from Pakistan is arriving in India, crossing the Wagah border on Friday, to discuss bilateral trade issues with the Indian businessmen.
The 49-year-old entrepreneur oversees the media and real estate arm of Dempo Industries as its executive director.
Kumar, a well-known economist and the author of several books, would succeed Amit Mitra, who has become the Finance Minister of West Bengal.
Annual event being organised by FICCI focuses on the investment potential offered by India's infrastructure sector.
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.
A visiting Pakistani women's trade delegation on Friday signed an agreement with India's Federation of Indian Chambers of Commerce and Industry to promote business between the arch-rivals.
In their respective memorandums, the Federation of Indian Chambers of Commerce and the Confederation of Indian Industry asked for re-introduction of investment allowance, restoring the depreciation rate to 25 per cent and an increase in plan public expenditures, primarily in infrastructure, which would boost private investments.
The declining exports would have implications for the job market.
MAG was constituted by Department of Electronics and IT in February 2014.
Sharma said India was poised to grow at 8.5-9 per cent with its investor and FDI-friendly regime.
Bharti Airtel boss Sunil Mittal already heads the Confederation of Indian Industry (CII). Former BPL Mobile boss Rajeev Chandrasekhar is slated to take over as Federation of Indian Chambers of Commerce and Industry (Ficci) president.
Indian industrialists would take up the outsourcing issue during the Indo-US Private Sector Advisory Group meeting in Washington on Tuesday, Federation of Indian Chamber of Commerce and Industry president Rajan Bharati Mittal said.
Norms for e-commerce likely, arm's-length pricing set for change.
The visiting Pakistani business delegation on Tuesday urged Prime Minister Atal Bihari Vajpayee to ease visa norms for the Pakistani businessmen so that trade between the two countries could flourish.
Welcoming US President George W Bush's second term in the White House, industry bodies on Thursday said it would further strengthen Indo-US trade and economic ties.
Industry associations Ficci and CII have been termed liable for service tax. Ficci has approached government for exemption from the levy.
'We are also conducting ongoing training and grooming at the branch level to pre-empt such cyberattacks.'
