Ficci is also concerned that outsourcing, relaxation of export-controls on dual-use technology are other issues that can 'hinder' the burgeoning relationship.
The government will press ahead with the sale of public sector companies that have been approved by the Cabinet, Finance Minister Nirmala Sitharaman said on Thursday. Highlighting that FDI flow into India is much higher compared to other emerging economies, she said India's strong macroeconomic fundamentals, ability to do reforms and a stable government help attract long-term foreign funds into Indian businesses.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
"We are working on a (subsidy) mechanism, as it's very difficult to implement dual pricing of diesel," Petroleum Minister Murli Deora said
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
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.
Karnataka Film Chamber of Commerce President Basant Kumar Patil announced a one-year ban on actress Ramya
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.
The haircare brand, acquired for Rs 330 crore, fetches HUL around Rs 400 cr of revenue annually.
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.
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."
Canada is not reaching out to India to the extent it could have, said Union Road Transport and Highways Minister Kamal Nath.
The White House and the Indian-American community are solidly backing the nomination of Neera Tanden as the director of Office of Management and Budget, describing her as the most appropriate candidate to hold the position.
"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.
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.
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.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
You have to make yourself visible and create opportunities for yourself, advises Gaurav Goyal, co-founder, Scalenut.
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.
Admiral describes it as 'a path-breaking change'; defence ministry official disagrees.
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.
Amid oxygen shortage and a faltering health system in the country, India is seeing over 300,000 cases daily.
The meeting will focus on how to make the crisis an opportunity for India.
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 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.
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