'You know the situation in Yemen now. There is no government there.' 'The rebels are in control. So, there is no diplomatic channel through which we can negotiate.'
Department of Industrial Policy and Promotion secretary Ajay Shankar told PTI, "India is emerging as a globally competitive manufacturing hub for small fuel efficient cars." Shankar, who was in London to interact with the UK-India Business Council and the India Business Forum, said, though, export-oriented small and medium enterprises have been severely hit, 'fortunately the auto-sector in India has revived.'
The USIBC has encouraged a streamlined implementation of the GST.
India face competition from Saudi Arabia, Qatar and Turkey, who are positioning themselves as strong contenders to host the 2036 Olympics.
Advertisements of charitable organisations and crowdsourcing platforms must not disrespect the dignity of the beneficiaries by showing their graphic images, the Advertising Standards Council of India (Asci) said in its guidelines for charitable causes released on Thursday. Additionally, these ads must disclose how much of the raised funds would be used as fee by the platform, it added. Acknowledging that crowdsourcing platforms provide reach through ads and organic posts to beneficiaries by helping them tap potential donors, Asci said: "There have been some concerns about ads that create donor distress through the use of images that may be too graphic."
'The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.'
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
'He needs to see results while he is in office.'
Indo-Pacific region. Senior officials from the ministries of External Affairs and Defence, and the US departments of Defence and State met here for the India-US 2+2 Inter-Sessional meeting.
'Prashant Kishor is a businessman before he is a politician, and given that the expected average turnout for JSP candidates is 5,000 to 6,000 votes and since Bihar has a significant number of seats where the margin between the winner and runner-up falls within that range he will capitalise on exactly that to showcase his presence.'
The Maharashtra cabinet has approved the mandatory use of FASTag for toll collection across the state from April 1. This move is expected to streamline administrative processes, enhance transparency, and reduce congestion at toll plazas. The cabinet also approved revisions to the Rules of Business, streamlining administrative functioning and making it more efficient. The revisions include provisions related to matters to be presented before the cabinet, cases requiring approval from the Chief Minister or Governor, and procedures for meetings of the cabinet and council of ministers.
PM Modi went to New York this time not to engage in polemics, but to find solutions to global problems. He made some progress on several matters, even on reform of the UN Security Council, when the US made a major concession for the first time that six permanent members without veto, including India, could be considered
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
The move came against the backdrop of Turkiye backing Pakistan and its condemnation of India's strikes on terror camps in the neighbouring country and Pakistan-occupied Kashmir under Operation Sindoor.
Amendment to the Income Tax Act with retrospective effect made by the United Progressive Alliance government in 2012 to protect revenue had evoked sharp reactions from domestic as well as global investors.
Modi also urged the BRICS Business Council to create a roadmap to achieve the $500 billion intra-BRICS trade target by the next summit.
The Finance Minister said as a result of India's economic reforms, a number of Indian companies have grown in size and stature and at times tend to compete with the US companies.
Prominent among the wish list include updating India-US bilateral tax treaty, emanation of double taxation on software revenue, 15 year tax holiday for software technology parks and special economic zones.
Massive new opportunities are opening up for building roads, bridges and other infrastructure facilities for UK businesses in India, UK-India Business Council Chairperson Patricia Hewitt said.
India's top IT companies need to open new facilities in the United States to create more employment opportunities for locals and to change the perception that they were job-takers, a leading US business forum representative has said.
The prime minister said that a larger Indian economy has multiple benefits for the world
'Now it's for India to also make certain decisions. The sky's the limit. You've got to be strategic.'
Defence Minister Rajnath Singh told an all-party meeting that at least 100 terrorists were killed in the Indian strikes on terror sites in Pakistan and Pakistan-occupied Kashmir under 'Operation Sindoor'. Leaders from various parties showed maturity and extended all support to the government and armed forces.
US Deputy Secretary of State Williams J Burns said that several Indian leaders -- both business and political -- educated in the US are testament to the quality of an American education.
Patricia Hewitt, chair, UK India Business Council and former UK minister, spoke on a number of government initiatives and investment sentiments.
Ron Somers, president of United States-India Business Council, has termed the Indian government's rollback of foreign direct investment in the multibrand retail sector as yet another addition to the disappointments American business and industry has had to endure.
US-India Business Council President Nisha Biswal believes once the economic activity and demand resumes, India could hold the potential for diversification of supply chains and manufacturing.
Govt is looking at problem solving than structural reforms to address economic issues.
In a pre-budget memorandum, submitted to the Union Finance Minister, P Chidambaram, the US India Business Council said it was concerned over the several recent policy initiatives of the Indian government in this regard.
USIBC President slams India for suspending its decision to open the multi-brand retail sector to foreign direct investment.
US Commerce Secretary Carlos Gutierrez has said that with the signing of the historic and landmark US-India civilian nuclear deal it is now imperative that India move quickly to enact nuclear liability protection to envisage the private sector of both countries to engage in business.
"Canada must evolve fast track system for business and student visas and create its brand name in India," Indian High Commissioner to Canada R L Narayan said. He was addressing an international education conference organised by Canada-India Business Council along with Shastri Indo-Canadian Institute.
India Inc's India's Business Confidence Index has gone up by 5.4%.
USIBC urged a serious evaluation of a more specialised bilateral economic arrangement.
Indian drugmakers supply 47 per cent of the generic medicine requirements in the US, and tariffs would have increased prices in the US domestic market for patients, who are already dealing with drug shortages.
The Supreme Court of India has reprimanded the central government for failing to implement a cashless treatment scheme for road accident victims. The court expressed its concern over the delay in formulating the scheme, which is designed to provide immediate medical care to accident victims within the crucial "golden hour." The court highlighted that despite a statutory provision requiring the scheme's implementation, the government has not taken any action, prompting the court to intervene. The court also criticized the General Insurance Council (GIC) for raising objections to the scheme and delaying its implementation. The court has now directed the government to notify the scheme within a week and has scheduled a hearing on the matter for May 13.
Ron Somers, president, US-India Business Council, which lobbied to get the US-India nuclear technology deal approved, like the rest of the American business fraternity, is upset by India's recent purchase of nuclear reactors and sophisticated technology and weaponry from Russia.
India's economy is likely to grow by 6.5 per cent in the current and the next financial year, an EY report said, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. Real GDP growth eased to a seven-quarter low of 5.4 per cent in July-September -- the second quarter of the current 2024-25 fiscal year.
Lord's, the 'home of cricket', will host its first-ever Women's Test between India and England in 2026, the ECB announced on Thursday.
There is deep angst and growing concern by America Inc, over India's Preferential Market Access policy and fears that as a quid pro quo, lawmakers in the US Congress may limit or even prohibit the free movement of Indian technical professionals, including quashing efforts to expand the H-1 B visa program.
