Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
Malaysia on Wednesday said it wants to complete talks this year for a separate trade-opening pact with India, in addition to liberalising commerce through the Indo-ASEAN Free Trade Agreement, operationalised this month.
Consumer electronics major Videocon on Monday said it is in talks with foreign entities for a 26 per cent stake sale in its telecom subsidiary Videocon Telecommunications and that a deal would fructify "very soon".
While Hindware is expecting sale of its air purifiers to double this year, brands like Xiaomi, Blue Star and Daikin, too, are expecting significant rise in sales.
Assocham, India's apex industry body, has sent a proposal to the external affairs ministry to consider tapping the emerging agricultural opportunities in Africa and offering to act as a facilitator to help Indian farmers reap the benefits of the huge potential that lie in Africa.
The government on Friday said inflation continues to be a matter of concern and needs policy action to contain it, although prices are expected to start falling slowly over the next two to three months.
Lesser expenses on health care is a parameter indicating that the state has hygienic conditions, which are conducive for a healthy living, according to a study jointly conducted by industry chamber Assocham and YES BANK.
ndustry body Assocham on Thursday said it estimates the premium from general insurance to touch Rs 1 lakh crore in the next 5 years as awareness and income about insurance products among the rural masses are on the rise
How effective are these strikes to solve an issue as vexing as this? Aren't strikes a bane for a nation already reeling under a heavy dose of inflation? Don't strikes put more pressure on an inflationary economic structure like India's?
India's processed food exports may jump by over 66 per cent to $25 billion by 2015, provided that an investment of $30 billion is pumped into the sector, an industry body study said.
Out of India's total merchandise trade of $641 billion in 2015-16, Pakistan accounted for a meagre $2.67 billion
Positives like dalit music and literature should be promoted while reservations for the community can continue, Union Minister for Social Justice and Empowerment, Mukul Wasnik, tells Business Standard.
On September 7, the trade unions have called a dawn to dusk bandh to protest against rise in price of daily commodities and, once again, fuel price hikes.
Buoyed by 8.8 per cent growth of the Indian economy in the first quarter this fiscal, industry on Tuesday said the GDP may expand by around 9 per cent during 2010-11, but cautioned against certain weak areas like financial services.
Taxpayers may get relief in terms of tax rates in the proposed Direct Taxes Code (DTC), which is likely to replace the 50-year-old Income Tax Act from the next fiscal, a key official indicated on Friday.
Energy deficient India can produce 2,500 MW electricity by 2012 by recycling millions of tonnes of municipal and industrial waste generated each year, an Assocham study has said.
A recent survey has found that productivity of professionals in the corporate sector suffers due to tome spent surfing social networking sites. Do you agree?
Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
India has nearly 21.7 metric tonne of facility whereas it needs over 10 metric tonne more of such capacities, Assocham president Sajjan Jindal said in a statement.
According to a joint study by Assocham and Yes Bank at present the industry employs less than 4 lakh (400,000) people. In 2008-09, it attracted capital investments of $5.3 billion.
A small firm with a track record of distributable profit for at least three out of the immediately preceding five years may be eligible for the listing.
According to a survey, the banking sector emerged as biggest job generator in the first quarter of the current fiscal with the segment increasing headcount by more than 16,000.
The Thirteenth Finance Commission on Monday suggested that activities like housing, construction and railways should be included in the proposed Goods and Services Tax to increase the tax base and enhance collections.
Last month, the government approved the proposal of doubling gas price from RIL's KG basin from $4.2 mmbtu to $8.4 mmbtu from April 1, 2014.
Indian venture capitalists and private equities are expected to invest over $8.5 billion (about Rs 42,000 crore) in the next five years in sectors like biotechnology, life sciences, film production and education, an Assocham-Deloitte study said.
The government has projected a fiscal deficit of 5.5 per cent for 2010-11.
Money poured in for the protesting women hockey players on Friday with Sports Minister MS Gill announcing that Rs 1.1 crore has been pooled in for the girls.
Currently, gold is ruling at about Rs 18,300 per ten grams.
The 8.9 per cent growth during the first half of this fiscal notwithstanding, Finance Minister Pranab Mukherjee on Friday said he would prefer to be conservative and would be happy if the economy this fiscal were to grow by 8.75 per cent.
The United Progressive Alliance government had slashed excise duty by four percentage points across the board and service tax by two percentage points in stimulus packages of December and January to limit the impact of global downturn on the Indian economy. Excise duty in the 8-10 per cent slab is levied on most industrial goods. The corporate tax rate is 30 per cent.
"As far as India is concerned, the impact on us will be minimal. In fact, in the short run -- that is, purely in the short run -- it might help us in terms of India being regarded as a relatively safer haven," Chawla told reporters on the sidelines of a Assocham function in New Delhi.
Talking about the much-debated issue of land acquisition, Sen said industry bodies were in favour of direct purchase of land from the owners and state governments to be mere facilitators.
Indian industries spend little on research and development despite benefiting from 150 per cent income tax exemption given on such activities.
Expressing disappointment over the contraction in industrial growth in October, India Inc has appealed to the Reserve Bank to cut interest rates to revive the manufacturing sector and ameliorate investments.
'What stood out at these meetings between industry representatives and government leaders was how the equation between the ministers and industry had undergone a subtle and qualitative change,' points out A K Bhattacharya.
CII president K V Kamath, Federation of Indian Chambers of Commerce and Industry president Rajeev handrasekhar and Assocham President Sajjan Jindal held discussions with Chidambaram immediately after Prime Minister Manmohan Singh had interacted with a larger industry group. The government as also the Reserve Bank of India have taken a number of steps since beginning of October to ward off the Indian banking system from the global financial contagion.
At ground level, Trinamool leaders are quite reasonable and supportive. But TC is such a party where opinions of the grassroot-level people don't matter. The party has decided to oppose whatever development work we undertake, says
The global financial meltdown has pulled down India's economic growth to 6.7 per cent during 2008-09 from about 9 per cent a year ago. During the current fiscal, as per the Planning Commission estimates, growth rate may fall to 6.3 per cent.
Speaking about the challenges and the opportunities of development in a globalised era, Mukherjee said, sustaining high growth over an extended period has become more complex.
Close to 13 crore Indians may suffer from lifestyle diseases like heart attacks and diabetes in the next few years, leaving a $160 billion hole in the national economy between 2010 and 2015.
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