There is a case for more stringent evaluation of CSR plans based on voluntary allocations, but a rule-based approach might be more effective.
The share of Life Insurance Corporation of India (LIC) in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in September 2022 -- a drop of 975 basis points -- owing to shortcomings in the product and distribution side of business. However, the market share saw a marginal uptick from the 57.37 per cent recorded in August this year. According to the monthly business data released for September 2023 by the Life Insurance Council, the NBP of LIC up to September 2023 stood at Rs 92,462.62 crore as compared to about Rs 1.25 trillion in the same period a year ago.
Already India is a global leader in high technology. The nuclear deal will end India's nuclear isolation and enable India to become a global champion of the nuclear renaissance, combating global climate change, USIBC President Ron Somers said.
The lawmakers lacked imagination, he said.
The Washington-based USIBC represents some 350 American companies, including many in Fortune 500 list, like Boeing, Wal Mart, PepsiCo and General Motors and Lockheed Martin that do business in India.
Prahlad Chhabria, chief of Finolex Group, has been honoured with a silver platter in recognition of his contribution to 'entrepreneurship' at the prestigious Institute of Directors in London. He also released his autobiography 'There's no such thing as self-made man' on the ocassion. About 220 dignitaries from the diplomatic, political and business community attended the function hosted by SriChand and Gopichand Hinduja, chairman & president respectively of the Hinduja Group.
Vice-President Cheney to address US-India Business Council.
Somers said, "Number one, the message has to be that now we are living in a global economy and that a knowledge partnership with India is enabling our American companies team with their Indian partners to remain globally competitive."
Prime Minister Narendra Modi is not taking along an industry delegation to the US but top representatives of India Inc are likely to travel to New York and Washington to be part of the power-packed business meetings and receptions being hosted for him.
USIBC officials attended the White House Signing Ceremony to witness President Bush's endorsement of the legislation passed by an overwhelming bipartisan majority of the US Congress on December 9, 2006.
Counterfeiting and piracy cost India' s entertainment industry a whopping Rs 16,000 crore (Rs 160 billion) besides gobbling up more than 8 lakh direct jobs every year.
Online sports platform Mobile Premier League has laid off around 350 people or about half of India team to cut down on expenses and bear the burden of increased GST of 28 per cent, according to an internal company email. The GST Council has decided to levy a 28 per cent GST on online gaming and casinos on the face value of bets at the entry level. The Centre will bring amendments to the Central GST law in the ongoing monsoon session of Parliament, following which states will pass the amendments in their respective assemblies to pave the way for the introduction of changes in the law by October 1.
The uncertainty over the fate of the Civil Nuclear Liability Bill in Parliament has caused a considerable amount of concern to members of the United States-India Business Council, as some of them had lobbied feverishly in the US Congress to get the agreement approved.USIBC President Ron Somers voiced his concerns at an interaction with Foreign Secretary Nirupama Rao, during her six-day visit to the United States
The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. The fall in group premium and change in taxation norms for policies with a higher ticket size dragged the premiums of the state-run Life Insurance Corporation of India (LIC) and private insurers, respectively. According to the data released by the Life Insurance Council, the premium of private insurers slipped 9.33 per cent Y-o-Y to Rs 10,360.29 crore from Rs 11,426.73 crore as a result of a change in product mix due to the measures taken to counter the impact of tax imposed on the premiums of Rs 5 lakh.
The US-India Business Council has hailed American cooperation in India's first unmanned lunar mission Chandrayaan-I saying it marks the beginning of a new era of trust and partnership between the two countrys in the field of space exploration.
Ramachandran's support in the council has been reduced to a few members and if some are to be believed he can be removed from his post before or during the AGM on December 14.
The meetings with the investors at New York, according to sources, are being organised by the US-India Business Council. The USIBC is the premier business advocacy organization representing America's top companies investing in India, joined by global Indian companies, promoting economic reforms with an aim to deepen trade and strengthen commercial ties.
A concerned Sri Lanka skipper Kusal Mendis on Sunday hoped the ICC's suspension of the nation's cricket body will not affect the upcoming fixtures of the national team and the preparations for the men's U19 World Cup in Colombo early next year.
'We crossed Rs 1.7 trillion in three months this financial year.'
Participating in the 150-minute long debate on Thursday, Chairman of the UK-India Business Council Lord Karan Bilimoria congratulated Lord Paul on his appointment as the Deputy Speaker of the House and said that Non-Resident Immigrants in Britain were now reaching the top positions in every field.
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 Left Front government led by the Communist Party of India (Marxist) in West Bengal got tributes from the US-India Business Council.
Canada has started stressing on education as a trade catalyst with colleges and universities traveling to India and other countries in increasingly large numbers for recruiting students and faculty, signing agreements with foreign universities to work in close partnerships, opening satellite campuses in India, and offering joint degrees.
The Singur fiasco, and the recent Vedic Village mishap, have created a negative image for the state, said Kevin Mc Cole, chief operating officer, UK India Business Council.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
Besides addressing a high-level meeting of the US-India Business Council at Washington on June 17, Sharma will hold discussions with the US secretary of state Hillary Clinton. During his three-day engagements, the commerce and industry minister would meet US Commerce Secretary Gary Locke and US trade representative Ronald Kirk.
Indian companies, led by the Tata group, Essar and HCL Technologies, among others, have created more than 30,000 jobs and made large investments in the United States, a joint report of the Federation of Indian Chambers of Commerce and Industry and the US India Business Council said.
In a show of solidarity, the CEOs of some 40 top American companies have come together to create a global task force to mobilise resources to help India fight the battle against Covid-19.
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"The N-deal is not only the highest visible symbol of cooperation between India and the United States, it represents a new turn -- it is a very special cooperation."
As a board member, he will help USIBC provide strategic direction to US and Indian firms seeking bilateral investment opportunities and partnerships.
The slated festival is part of advocacy efforts by USIBC for American imports of mango from India.
Indian mangoes are all set to tickle the taste buds of Americans with the Bush administration clearing the way for exports to the US this harvest season, which would give farmers here access to the global market.
Finding enough shows to air, creating content that gets people to pay and watch and wooing advertisers back into the fold are going to be the biggest challenges the M&E industry faces.
Mukesh Ambani getting his palm read by Rakesh Sharma at USIBC Gala Dinner
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
Nambiar co-sponsored by the Aspen Strategy Group and the Confederation of Indian Industry, acknowledged that there was no question that "the defence realationship between the two countries is one of the strongest pillars."
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