Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
Speaking at a conference on terrorism and national security organised by the Federation of Indian Chamber of Commerce and Industry , Moily said, "None of my reports were seriously looked into." Moily-headed Administrative Reforms Commission has over the last one-and-a-half year submitted reports on terrorism, conflict resolution, police reforms and ethics in government.
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.
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 Gulf Cooperation Council countries -- Bharain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates -- present a lot of trade opportunities for India, he said. The Assocham has been promoting India as an investment destination for infrastructure, biotechnology, power, roads, IT and allied sectors. It has also created an Andhra Pradesh Investment Cell to attract investments to the state.
In a letter to US lawmakers, Chamber Executive Vice President (Government Affairs) R Bruce Josten said countries have already started taking retaliatory measures in response to the 'Buy American' provisions of the stimulus package. 'The 'Buy American' requirements are having a major impact on projects administered by state and local governments, resulting in declining trade and lost jobs for American workers,' the letter said.
Rajiv Khanna, a New York-based attorney who heads the India-America Chamber of Commerce, was last month named chairman of the newly-launched business council of the Indian National Overseas Congress.
The Ministry of Company Affairs (MCA) has sent notices to all Indian Premier League franchisees, both old and new, asking them to furnish detailed company-related information.
Importers may be hit by delay in receipt of documents. But, they cannot hold the negotiating bank or the nominated bank or the LC-issuing bank responsible for the delay.
The Ministry of HRD, government of India, Department of Science & Technology, government of India and The Associated Chambers of Commerce and Industry of India present the Fifth Education Fair: International Exhibition and Seminar.
One of the papers could be on liberalising the foreign direct investment regime in the retail sector.
Ficci: Rationalise tax structure; CII: Space for fiscal incentives is limited.
Israel will discuss the issue of homeland security with West Bengal which is reeling under the brunt of Maoist extremism.
Working for the adivasis' well-being through means that secure their rights, honour their dignity and build a shared prosperity will make the Maoists irrelevant, says Rajni Bakshi.
It's been full circle for Gautam Adhikari, erstwhile Washington bureau chief of the Times of India, who returns to the US capital and the think tank circuit as a visiting fellow at the East-West Center for a year-long residency co-sponsored by the Federation of Indian Chambers of Commerce and Industry, reports Aziz Haniffa.
Banks in India will need about $100 billion (Rs 5 lakh crore) of capital over the next decade as the system grows to meet credit requirements of an expanding economy, Om Prakash Bhatt, chairman of the State Bank of India said.
Canada is not reaching out to India to the extent it could have, said Union Road Transport and Highways Minister Kamal Nath.
India said said that rolling back of fiscal and monetary stimulus packages, injected by the government to counter the effects of economic downturn, at this stage would be "counter-productive and disastrous to the industry."
The meeting will focus on how to make the crisis an opportunity for India.
"Thank you so much for such great honour and this rather humbling introduction. I am deeply moved and I hope I can live up to the expectations you have as to last for 10 years," said Tata.
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises took over as president of Federation of Indian Chambers of Commerce and Industry (FICCI) at the conclusion of its 82nd annual general meeting (AGM).
Captains of the industry, particulary the outgoing chairman of Federation of Indian Chambers of Commerce of Industry Harsh Pati Singhania, who is also the managing director of JK Paper Mill, hailed the Union Budget.
India's business leaders have reacted strongly to government opposition to the opening up of higher education to private investment that might help millions of young people.
Many political detainees have been released but former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti, who were whisked into custody in the early hours of August 5, 2019, are still in preventive detention.
Pullela Gopichand called P V Sindhu and Saina Nehwal -- his two most successful pupils -- as 'precious diamonds'.
The industry body also asked for extending cost subsidies to all cold chain projects ranging from 25-50 per cent of the total cost.
Diamond prices fell about 30 per cent last year and had recovered by almost 15 per cent this year. Further recovery is imminent by the end of this year, said Mehul Choksi, chairman of Gitanjali Gems, a leading jewellery manufacturer and retailer, on the sidelines of a seminar organised by the Federation of Indian Chambers of Commerce and Industry in Mumbai on Monday.
Leander Paes is ready to unleash his 'new version' when the sport resumes but the veteran tennis star fears that the organisers may not be able to pull off Tokyo Games and the legacy he wants to create by playing his eighth successive Olympics could remain an unrealised dream. Paes, who turned 47 on Wednesday, had announced that 2020 would be his last season and Tokyo Games was expected to be his swansong event but the COVID-19 pandemic upset his plans.
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.
The pre-Budget memoranda of the Indian Drug Manufacturers Association and the Federation of Indian Chambers of Commerce and Industry have said more incentives are needed to spur drug research.
Two days ahead of the high tide warning, corporate houses here are busy drawing plans to meet any possible recurrence of the 26/7, 2005 deluge in the metropolis.
The Indian industry has thus joined hands with the government in urging Americans to lift stringent export controls on high-technology transfer.
The Direct Taxes Code is likely to be implemented from 2011-12. Sources said the bill in this respect may be tabled in Parliament in the Budget session.
Following widespread drought and floods in various parts of the country, food inflation climbed to more than a 10-year high of 19.95 per cent in December, driven mainly by higher prices of potato, other vegetables and pulses.
With the liquidity situation in India likely to be a little tight in the days and months ahead, the surveyed economists believe that the Reserve Bank of India may not raise interest rates in a hurry and ensure enough liquidity in the system to keep the growth momentum going.
Referring to disinvestment in National Hydel Power Corporation and the Oil India Limited, Mitra said while the enterprise value of NHPC rose from Rs 18,280 crore (Rs 182.8 billion) to Rs 37,702 crore (Rs 377.02 billion) after listing, that of Oil India Limited rose from Rs 9,844 crore (Rs 98.44 billion) to Rs 30,000 crore (Rs 300 billion).
Inflation, remained in negative territory for the 7th month in May
The survey was commissioned by the Singapore Indian Chamber of Commerce and Industry, to better understand the Indian business community in Kuala Lumpur. While 70 per cent of respondents reported slower sales in the last quarter of 2008, only one in 10 complained of insufficient cash flow, Singapore's daily Straits Times said.
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