Federation of Indian Chambers of Commerce and Industry says banning colas without following proper law will hurt India's credibility and investment climate.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
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.
Myanmar is a member of the Asian Clearing Union and settlement of current account transactions including trade transactions are done through ACU.
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.
Boeing India president says with the rising prices of aviation fuel, the airlines do not have any option but to increase the fares.
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.
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.
Ficci stood for the voice of a defensive, traditional Indian business class.
Private power producers wanted the sub-market domestic coal prices to be averaged out with international price of imported coal so as to have a uniform fuel price and remove the disadvantage new projects faced as compared to older ones.
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.
The world has changed from G7 to G8 to G20, where India plays a key role.
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.
Bengal corporate leaders on Thursday termed the 2013-14 Union budget a reformist one and said despite being the last budget of United Progressive Alliance before it goes to poll, Finance Minister P Chidambaram restrained from being populist.
India Inc has couter attacked claims by US presidential candidates about the drain of jobs from US to India.
'The equipment that you make for us must be the best in the world so that it complements the Indian soldier who is without doubt the very best in the world.'
Draft norms soon, but central bank worried about self-dealing by company promoters.
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.
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.
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).
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.
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.
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
Doubts about the Obama administration's commitment to a strategic partnership with India were raised by the likes of Lalit Mansingh, former Indian ambassador to the US and former Indian foreign secretary, and Kanwal Sibal, former Indian foreign secretary and former deputy chief of mission in Washington, DC, in two separate panels titled 'American and Indian Strategic Interests in Asia' and 'Where is the US-India Strategic Relationship Headed in the Coming Year?'
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".
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
The RBI is scheduled to announce the annual credit policy for 2011-12 on May 3. Industry representatives are expected to press the RBI to lower interest rates so that credit becomes cheaper for them in the customary pre-policy meeting.
Harbhajan Singh may have been a thorn in the flesh for Australia in the past but current skipper Steve Smith ranks the off-spinner among his favourite Indian cricketers alongside Sachin Tendulkar.
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.
'Roads are important as they provide domestic economic stimulus.'
The GDP growth fell to a nine-year low of 5.3 per cent in the first quarter, down from 9.2 per cent the same time last year.
Former India wicketkeeper and chairman of selectors Kiran More says the IPL will benefit from Chirayu Ramanbhai Amin's undoubted administrative skills.
Gujarat Chief Minister Narendra Modi was the Chief Guest at the event.
The social media giant is planning to launch roadshows in these locations as part of its 'SMB Boost' programme.
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.
Ficci: Rationalise tax structure; CII: Space for fiscal incentives is limited.
The local chapter of Indian Chamber of Commerce and Industry in Coimbatore has again appealed to the Centre to reconsider the imposition of service tax on goods transportation.
Besides, Federation of Indian Chambers of Commerce and Industry secretary general Amit Mitra, L Suresh, vice president of Film Federation of India, UTV Group chief financial officer Rajeev Waghle, chief financial officer of Reliance Big Films Subhashish Sarkar and Zee Tele films chief executive officer Puneet Goenka, among others, were also part of the delegation.
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