India is likely to count among the top three life insurance and 15 general insurance markets in the world by 2020. However, private insurance companies are to be find a way to operate profitably.
In a pre-Budget meeting with Revenue Secretary Sunil Mitra, Ficci President Rajan Bharti Mittal said in view of the looming threat of a double-dip recession and another slowdown in western countries, the stimulus should not be rolled back in the Budget in February.
French companies are committed to invest euro 10 billion (USD 13.37 bn) in India by 2012, the country's Minister of Economy and Finance Christine Lagarde said.
In order to boost growth amid some softening of inflation, RBI earlier this month cut the key interest rate by 0.25 per cent. It is scheduled to announce its mid-quarter policy review on June 17.
Today, the economy requires a certain amount of push not just from the monetary policy but also from its transmission: Das.
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
"So you will not have anything better... democracy loving, capitalist respecting environment... in India," Sitharaman said at the event hosted by the Federation of Indian Chambers of Commerce and Industry in association with the US India Strategic and Partnership Forum.
The country's largest private sector lender ICICI Bank on Tuesday said that it expects the Reserve Bank to continue with calibrated approach to check inflation at its upcoming September 16 monetary policy review.
The Union ministry of information & broadcasting has constituted a committee headed by Amit Mitra, secretary general, FICCI, to review existing television rating point system (TRP) in India and suggest measures to bring in place an effective mechanism for a transparent TRP system in the country.
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
Protesting against the government efforts to reduce high prices charged by airlines on tickets booked at short-term notice, Kingfisher Airlines promoter Vijay Mallya on Monday said that airfares should not be capped by the regulatory authorities, whether it is in upper or lower band.
Former India wicketkeeper and chairman of selectors Kiran More says the IPL will benefit from Chirayu Ramanbhai Amin's undoubted administrative skills.
Market regulator, Securities and Exchange Board of India, has directed foreign institutional investors to disclose more information about their investment structure in India.
Contesting the US charge that Indian FDI rules are "opaque", Commerce and Industry Minister Anand Sharma on Tuesday said the country follows a simplified direct investment regime.
The new Land Acquisition Act to provide just and fair compensation to farmers came into force from January 1, 2014.
Finance Minister Pranab Mukherjee on Thursday said the government would introduce the Direct Taxes Code (DTC) Bill that will simplify direct tax laws, in the monsoon session of Parliament beginning July 26.
'Our technology is going to help Indian agriculture the way the White Revolution helped milk production.'
The Indian film industry joined hands with Hollywood on Wednesday to counter piracy.
Apprehensive that the Reserve Bank may tighten the screws on money supply to rein in the wayward inflation, the industry said the central bank should refrain from taking any knee-jerk reaction.
The three are Kaun Banega Crorepati 4 on Sony, anchored by Amitabh Bachchan; Bigg Boss 4 on Colors, starring Salman Khan; and Masterchef India on STAR Plus with Akshay Kumar.
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.
'Indian entrepreneurs became traders for Chinese goods rather than producers of goods.'
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.
Long-distance runner Lalita Babar was named Sports Person of the Year at the India Sports Awards 2015 in New Delhi on Monday.
International uncertainties such as the debt crisis in Greece would have an impact on equity markets globally, including India, a top financial sector expert said.
India Inc on Friday said Prime Minister Manmohan Singh's assertion that the government will not impose capital controls, although reassuring to investors, must be supplemented with tough reform measures.
Sending a strong signal to domestic airlines over abrupt hike in airfares by some of them during periods of high demand, the Union civil aviation ministry on Thursday warned them of action if they continued with such 'predatory pricing'.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
Finance Minister Pranab Mukherjee has said that the successful implementation of the Goods and Services Tax (GST) can give a trillion-dollar boost to the economy, taking the total output to $2 trillion in a short span of time.
The study suggested tax rebates for high-end technology companies that set up research and development centres in India.
Bollywood's 2010 releases show that co-productions are the flavour of the season.
The fledgling online advertising industry is expected to grow four-fold by 2014.
Allowing futures trading in commodities will not fuel inflation, government's chief economic advisor Kaushik Basu said on Wednesday.
The Centre had decided to spend Rs 50,000 crore (Rs 500 billion).
She maintained that the allocation for increasing agricultural productivity and irrigation, among several other subjects, were too less to usher in any significant growth.
The Indian industry has thus joined hands with the government in urging Americans to lift stringent export controls on high-technology transfer.
The story of Patricia Narayan, winner of this year's 'Ficci Woman Entrepreneur of the Year' award is amazing.
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.
A day after the Supreme Court sought his response to a prayer for tracking the progress of the CBI probe into the alleged spectrum scam, Telecom Minister A Raja on Tuesday termed the move as "politically motivated."
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."
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