There is a case for more stringent evaluation of CSR plans based on voluntary allocations, but a rule-based approach might be more effective.
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.
Giving a new dynamism to bilateral ties, Prime Minister Manmohan Singh on Sunday said India sees Saudi Arabia as a strategic partner for promoting peace, stability and economic development and that the conditions were ripe for the two countries to enter into a comprehensive energy partnership.
The top bureaucrat's comments are diagonally opposite to the opinion expressed by corporate affairs minister Murli Deora who had favoured making the allocation of 2 per cent of net profit for CSR mandatory.
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?'
India's exponential economic prowess has made Boeing covet that country like never before, said Thomas Pickering, former under secretary of state and former ambassador to India, who after he retired was a vice president with Boeing and who remains a consultant with the aviation giant.
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Ahead of the visit, Chinese embassy officials briefed Indian scholars that investment promised would be $100 billion. How this figure came down to $20 billion is a mystery.
Ficci stood for the voice of a defensive, traditional Indian business class.
Whenever people think of India, they will think of Ficci as a place they could go to facilitate investment, says Rajiv Kumar.
The company had decided to set up an office in Mumbai last year but had to shelve its plans because of recession and market conditions. The company as part of a consortium had placed bids in infrastructure projects last year in Malegaon, Pune, Chennai, Hyderabad.
The world has changed from G7 to G8 to G20, where India plays a key role.
Ace film maker Yash Chopra, who is also Federation of Indian Chambers of Commerce and Industry Entertainment Committee chairman, said the multiple taxation is a serious threat to the survival of the industry.
The committee is expected to submit its report soon.
Favouring a free trade agreement between India and Bangladesh, business leaders of the two countries have suggested that a direct air link be established between Guwahati and Dhaka to promote commerce and tourism.
Istanbul will not host a Formula One Grand Prix in 2012 due to a disagreement between Turkish officials and F1 commercial supremo Bernie Ecclestone over payments to stage the race, Turkish media reported on Friday.
Gujarat Chief Minister Narendra Modi on Sunday termed the West Bengal assembly polls as a "freedom movement" of people entangled into 35-year-long vicious cycle of "oppression".
The strike affected attendance in government offices and banks, the officials said.
The federal and Ontario governments have granted $1 million to the Ontario Chamber of Commerce for allocation to 15 regions -- including Brampton and Mississauga that have high South Asian population -- to help new immigrants adjust. The funds will be further divided between local organizations for the execution.
Ranjit Sen has taken over as the new president of Indo-American Chamber of Commerce.
The cover provided under the Centre's Pradhan Mantri Suraksha Bima Yojana, which is a vital safety net for them, ended almost a year back on May 31, 2020. Ever since, there hasn't been much progress on the higher insurance coverage of Rs 5 lakh promised under the newly launched Pradhan Mantri Matsya Sampada Yojana, reports Sanjeeb Mukherjee.
Former India wicketkeeper and chairman of selectors Kiran More says the IPL will benefit from Chirayu Ramanbhai Amin's undoubted administrative skills.
The Indian information technology industry is relieved at the US Senate's decision to block the proposed 'Creating American Jobs and Ending Offshoring Act', that sought to offer a tax holiday for employers moving jobs to the US from abroad.
The RBI has been tightening key benchmark rates since November last year as the country started recovering from the impact of the global economic slowdown.
At 3.5 per cent per annum, interest on savings accounts is the only regulated rate in the banking system currently and a highly contentious one given its impact on the common man.
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.
Former ambassador to India Frank Wisner is convinced that "the United States cannot pursue its interests in the world without cooperation with India, and India will not achieve her essential interests without cooperation with the US."
Jonah Blank, former journalist and now policy director for South Asia on the powerful Senate Foreign Relations Committee, believes the Bush administration should have expended its political capital on strongly supporting India's bid for a permanent seat in the United Nations Security Council and being a catalyst in India securing this long-desired position in the world body, instead of the US-India civilian nuclear deal.
The Federation of the Indo-Israeli Chambers of Commerce (FIICC), on August 6, bestowed the 'Businessman of the Decade' honour upon Ratan Tata, who heads the $71-billion Tata empire.
A visiting Bangladeshi industry leader suggested on Friday that India would do well by allowing the entry of duty free products from its eastern neighbour and in return purchase natural gas from his country.
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.
The Union government on Monday indicated it was hopeful of a favourable reply from the US Securities and Exchange Commission to a request for being lenient on scam-hit Satyam Computers, thereby allowing it to remain on the rehabilitation track."We are expecting to get a fair judgment (from the SEC)," ministry of corporate affairs' Secretary, R Bandyopadhyay, said here at an interactive session organised by the Bengal Chamber of Commerce and Industry.
The industry ministry in a recent concept paper proposed raising the FDI cap in the defence sector to 74 per cent.
The Northeastern states are plagued by low tele-density and inadequate telecom services, hindering economic growth and development, a study said.
There is a need to bring in legal/constitutional changes, reforms in central tax system and state tax systems, said M Govinda Rao, director, National Institute of Public Finance and Policy.
A delegation from Ficci explained the project to the businessmen at an India-South Africa Round Table in Johannesburg on Tuesday.
The Indian Budget 2009-10 presented by Finance Minister Pranab Mukherjee earlier this week, has disappointed many Indian American investors as it does not focus adequately on some of the key issues, including disinvestment and infrastructure development, IACC said on Friday.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
