"We want a drop in interest rate. This (interest rate) is a huge problem now for us. Real interest rate in India today is touching six percent," Ficci chief Pankaj Patel said, arguing that there should be balance between growth, inflation, and interest rates.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Indian technology industry has a "big opportunity" despite global macroeconomic challenges, said Rishad Premji, chairman of IT services firm Wipro, on Wednesday as he spoke about how Covid-19 had changed work. "My confidence is driven by two things: the rapid pace of digitisation across the world, and the shift in the mindset of stakeholders who engage with us as an industry," said Premji in Bengaluru while addressing industry leaders and civil servants at the Invest Karnataka 2022, the state's Global Investors Meet (GIM). Businesses are using technology for customers and employees: a trend marked by the shift to cloud computing and leverage of data.
Rejecting criticism of jobless growth, he said if state after state is creating good number of jobs, how can the Centre be creating joblessness?
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
Their startup investments number 13 so far, compared to 17 deals in 2020.
The US hopes that the upcoming India trip of US President Barack Obama would elevate trade and investment ties.
According to the decision, such entities can now first operate through e-commerce and then open brick-and-mortar stores.
Failure to recognise the threat of India's IP abuse is a major step back: Congressman Orrin Hatch.
If you looked back at 2018 and had to give it a name, the Year of Limitations might be the most accurate.
'Other communities are also equally frustrated, but they have not been able to put up a front so far. Now a wind of change is blowing,' says Gujarat Congress leader Arjun Modhwadia.
The first dimension of this vision will be to build physical as well as social infrastructure for a $10-trillion economy and to provide ease of living: Goyal.
The Budget session of Parliament is all set for a stormy start on Tuesday with major opposition parties planning to corner the government.
A far cry from his playing-to-the-gallery comedian, Kapil Sharma emerges as a heartfelt picture of aspiration and annoyance, feels Sukanya Verma.
Wadhwani joined the billion-dollar club in 1999, when he sold a venture for $9.3 bn to i2 Technologies.
Prime Minister on Friday said his government has unshackled several stalled projects across the country.
PMI went up from 51.2 points in May to 53.1 in June. Owing to the June figure, PMI for manufacturing stood at 51.9 points in the first quarter of 2018-19 against 51.8 points in the fourth quarter of 2017-18.
Budget has laid emphasis on enhancing expenditure in farm & rural, and social sector including healthcare, education, skill development, job creation and infrastructure
The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.
There will be many steps which will be taken outside the budget.
Both prime ministers believed in crafting schemes to help the common man. Modi used quite effectively the instruments Dr Singh introduced. In assessing Modi's success with many schemes, Dr Singh's fundamental work should not be ignored, points out A K Bhattacharya.
The government has extended excise duty concessions beyond 30th June 2014 for a period of 6 months up to 31st December 2014.
Sure, he's churning out a deftly-packaged hit or two but is that all one expects from a man known to spew hard-hitting philosophy about anything and everything in life? The answer is an emphatic 'no'.
According to the Manpower Employment Outlook Survey released today by ManpowerGroup, the hiring pace for the upcoming quarter has rebound from both, last quarter and a year ago at this time.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
The government plans to create five crore employment opportunities during the Tenth Plan period, the Lok Sabha was informed on Monday.
Take a look at the skills that matter and how you can acquire them.
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
Most of the hirings are, however, in the entry or junior level.
Union Tourism and Housing and Urban Poverty Alleviation Minister Kumari Selja said, "The thrust area for the government will be creation and improvement of tourism infrastructure, promotion and publicity of India as a preferred destination in overseas markets, promotion of domestic tourism and most importantly employment generation." On housing and urban poverty alleviation, the JNNURM with approval of projects of nearly Rs 50,000 crore is reshaping our cities, she said.
On November 8, 2016, Prime Minister Modi had announced the decision to withdraw Rs 500 and Rs 1,000 denomination notes with the ultimate aim of reducing corruption and black money in the economy.
Sikka said he needs to move forward and return to environment of respect, trust and empowerment, where he can take on new lofty challenges.
Giving major relief to budding entrepreneurs, the government on Thursday allowed startups to avail tax concession only if total investment including funding from angel investors does not exceed Rs 10 crore.
Going by the current pace, IT firms are likely to exceed the manufacturing sector in salary payouts over the next five years.
The industry's reactions to the Budget have been mixed.
The new rules are aimed at providing a strong impetus to the industry and positioning India as one of the most competitive IT jurisdictions in the world.
13 eminent economists, including former RBI governor Raghuram Rajan and current International Monetary Fund Chief Economist Gita Gopinath, in a report have asked the political establishment not to resort to populist tricks.
The Congress chief gave 'F' to the Modi government for agriculture, foreign policy and job creation, and 'A+' to the prime minister for slogan creation and self promotion.
There is a need for better computation of numbers so as to avoid overlaps and capture the net gains to the economy.
India has undertaken a number of structural reforms.
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