'People want to do business in the name of the Kedarnath temple.'
"I am certain that now that the growth is returning back to the world, the future holds an important direction as far as India is concerned. The sheer size of the country and economy would offer huge opportunity for investment in India in the next few years," the finance minister said in Washington, DC.
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
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Govt unveils reforms that cuts down time and bureaucracy.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
India can become a better place to do business only when exports begin to boom.
New York is the world's best city to do business, live in and visit, says a global study conducted across 24 countries.
'We are worried for the workers because in the private sector, jobs are not secure, there is no decent work condition and there is no social security.' 'That's why we are opposing the economic policies of this government.'
A local traders' body has forced Muslim shopkeepers in Dharchula to down shutters and given a call for their ouster from the Uttarakhand town after two minor girls were allegedly lured by a couple of men from Bareilly in Uttar Pradesh.
The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey (PLFS) and the Reserve Bank of India's KLEMS data."
West Bengal Chief Minister, Mamata Banerjee, on Friday invited industrialists to set up base in the state, but cautioned against acquiring land forcefully.
In a bid to ease compliance towards companies planning public offers (IPOs), the Securities and Exchange Board of India (Sebi) has notified norms that open more avenues to meet the minimum promoters' contribution (MPC). The market regulator has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in the case of a shortfall without being identified as a promoter.
The BJP's strategy seem to be to wean away allies from the Congress, in Dravidian Tamil Nadu, and maybe later in UP, Bihar and elsewhere, though in slow doses, but without wooing them into a new alliance. The idea seems to be only to weaken the INDIA bloc from within -- and leaving it at that, notes N Sathiya Moorthy.
India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.
'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'
Defending Finmeccanica SpA's jailed ex-chief executive officer Giuseppe Orsi, Italy's three-time former prime minister Silvio Berlusconi on Thursday said bribes are a necessary part of doing business globally.
India slipped two notches to rank at 122nd, below neighbours including Nepal, Bangladesh and Pakistan in the 'Doing Business Report 2009' prepared jointly by the International Finance Corporation and the World Bank.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
'At this moment you cannot give her asylum because if you do, then you are directing public anger against India.'
Facing opposition fire for exit polls allegedly being used for stock market manipulation, Axis My India's chief Pradeep Gupta has said he is open to facing all kinds of investigations and it would help do business in a much better way if the government frames specific regulations for pollsters.
India has slipped three positions to 134th spot in the latest ease-of-doing business list, which is topped by Singapore, according to World Bank.
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII president Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket". "The growth rate is poised to touch 8 per cent during the current year, marking the fourth consecutive year of above 7 per cent + growth.
This year's performance, however, marks a significant improvement over last year, when the country's ranking dropped 16 points over 2005.
Finance Minister keen to ease business policies in India.
Isha Ambani means business. Not only when she is doing business - she leads Reliance Retail - but also when she is not. The latter was unmistakable on Wednesday, during her eight-minute 49-second video address on the occasion of "Girls in Information and Communications Technology (ICT) Day India 2024".
India may be second fastest growing economy in the world, but it fails when it comes to the best places to do business.
According to Curtis, the US should seek to work with the new BJP government to enhance India's role in demonstrating America's commitment to the Asia-Pacific.
Explore the map to see and compare different countries' Doing Business Index in 2015.
Speaking at the India-Korea Business Summit, he said his government has worked towards creating a stable business environment and removed arbitrariness in decision-making.
'Traders must adopt digital payments as soon as possible within a set timeframe, as the nation is moving rapidly towards digitisation.' 'Ignoring digital systems is not an option for strengthening trade.'
'Because it is the only public sector company in this sector, currently.'
India's rank inched up by just one position to 130 in last year's Doing Business Survey by the World Bank.
Prime Minister Narendra Modi hailed as "historic" the jump.
The Global Risks Index by Maplecroft in 2010 measured a combination of strategic risks that are having an increasing impact on the global operations, supply chains and distribution networks of corporations.
The minister observed it took years to get permissions to start a project.
India has slipped a notch to 133 in the Doing Business Index, indicating business environment in the country has become tougher during the year as compared to other nations.
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
States to come under DIPP watch on ease of doing business.
Before their meeting, Manmohan Singh had said that his meeting with the Pakistani president would be an essay in mutual comprehension.
Basu said there are a couple of big ticket items on the agenda.
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