News

Rising Cloud cost a concern for Indians firms in Gen AI era   The rising cost of Cloud continues to be a concern as larger organisations in India achieve cost optimisation of only 20 per cent from the cloud while medium and small-scale organisations fall short of meeting their cost-saving goals, a report showed on Thursday. Around 75 per cent of organisations also encounter a talent gap to enable cloud journeys as the release of the technologies is faster than its adoption and man-power readiness for it to be implemented and sustained, acco...
Rising Cloud cost a concern for Indians firms in Gen AI era
Rising Cloud cost a concern for Indians firms in Gen AI era
Source: IANS
31/08/2023 3:30:27 PM
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman  The central government has said that it will look at bringing a productivity linked incentive (PLI) scheme for the chemicals and petrochemicals sector. Addressing an industry body event organised by FICCI, Finance Minister Nirmala Sitharaman on Thursday said that the government will consider a PLI scheme for the petrochemical and chemical sectors as India aims to become energy independent and achieve net-zero carbon emission by 2070. As of now, the government has rolled out 14 PLI...
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman
Centre plans to bring PLI scheme for chemicals, petrochemicals sectors: Finance Minister Nirmala Sitharaman
Source: IANS
27/07/2023 3:48:58 PM
India to be third largest contributor to global GDP, says CEA  India will be the third largest contributor to the global gross domestic product (GDP) this year, Chief Economic Advisor, Dr V. Anantha Nageswaran said on Thursday. In his address at the interactive session organised by FICCI, Nageswaran said: "We were the 10th largest economy in 2014, and we expect to become the third-largest economy in 2027." According to him, to achieve that the country has to continue to "do the right thing". He mentioned that India'...
India to be third largest contributor to global GDP, says CEA
India to be third largest contributor to global GDP, says CEA
Source: IANS
15/06/2023 5:30:03 PM
RBI keeping watchful eye on inflation while supporting growth FICCI expects impact of monetary policy interventions to pave way for reversal of rate hike cycle in due course Commenting on the latest monetary policy announcement by RBI Governor, Mr Subhrakant Panda, President, FICCI said, “The Indian economy continues to display resilience and growth potential in a challenging global environment. The Governor’s objective assessment of the economy shows that growth momentum will continue in 2023-24 despite headwinds; there is...
RBI keeping watchful eye on inflation while supporting growth
RBI keeping watchful eye on inflation while supporting growth
Source: PR Agency
9/06/2023 8:54:59 AM
Delhi to host Northeast Global Investor Summit-2023 in August To woo investment in the resource rich northeastern region, a mega "Northeast Global Investor Summit-2023" would be held in the national capital this August, officials said here on Tuesday. A senior official of Tripura Industries and Commerce Department said that the focus sectors of the summit include tourism and hospitality, agro-food processing, textiles, handloom and handicrafts, pharmaceuticals, healthcare, education and skill development, Information Technology and Services...
Delhi to host Northeast Global Investor Summit-2023 in August
Delhi to host Northeast Global Investor Summit-2023 in August
Source: IANS
25/04/2023 12:35:44 PM
India committed to reforms agenda, has investment opportunities: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman has reiterated that the India is committed to pursuing the reform agenda for building a stronger and more dynamic country, to provide plenty of opportunities for collaboration and investments. Participating in a roundtable meeting on "Investing in the India Decade" organised by industry body FICCI and US India Strategic Partnership Forum in Washington D.C. on the sidelines of Spring meetings of the IMF and World Bank, Sitharaman on Tuesda...
India committed to reforms agenda, has investment opportunities: FM Nirmala Sitharaman
India committed to reforms agenda, has investment opportunities: FM Nirmala Sitharaman
Source: IANS
12/04/2023 10:30:28 AM
About 80% of early-stage startups seeking to grow their staff in 2023 About 80 per cent of early-stage startups plan to increase their workforce in 2023, while 15.78 per cent plan to maintain their existing headcount, a new report said on Tuesday. According to the 2023 FICCI-Randstad startup hiring trends report, nearly 92 per cent of these startups stated that their hiring decisions will primarily be driven by new project orders, additional funding raised from investors and expansion strategies. "Startups create a large range of jobs as they grow an...
About 80% of early-stage startups seeking to grow their staff in 2023
About 80% of early-stage startups seeking to grow their staff in 2023
Source: IANS
29/03/2023 12:58:20 PM
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5% The historical India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed on February 18, 2022 during the virtual summit attended by Indian Prime Minister Narendra Modi and President of the UAE Sheikh Mohamed bin Zayed Al Nahyan. Marking a successful year of CEPA signing, a Special Business Event was organised by the Federation of Indian Chambers of Commerce & Industry (FICCI) in association with the Embassy of India, Abu Dhabi, Consulate General of India, Dubai and Dubai...
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
A year after signing India-UAE Comprehensive Economic Partnership Agreement, bilateral trade grew by 27.5%
Source: IANS
19/02/2023 10:28:00 AM
Government has tried to simplify taxation regime in budget: Revenue secretary Government has tried to simplify the taxation regime in the budget, be it corporate tax or personal tax, Revenue Secretary Sanjay Malhotra said on Thursday. Addressing a post-budget discussion organised by industry body FICCI, Malhotra further said that the government's thrust is on improving trust, having tax rates without increasing the tax cuts and on certainty and stability. Central Board for Direct Taxes (CBDT) chairperson Nitin Gupta, who was also present on the occasion, said...
Government has tried to simplify taxation regime in budget: Revenue secretary
Government has tried to simplify taxation regime in budget: Revenue secretary
Source: IANS
3/02/2023 11:10:09 AM
Finance Minister Nirmala Sitharaman urges industry to set standards in renewable energy Finance Minister Nirmala Sitharaman on Thursday urged the industry to set standards when it comes to renewable energy and rare earths. Addressing the national executive committee meeting of industry body FICCI, she said that "the industry is at front for any policy-making. It is only through exchanges such as this that make the policies responsive. Industry has to come up with the prevailing dynamic picture. Industry will determine how India moves forward on green hydrogen mission. It...
Finance Minister Nirmala Sitharaman urges industry to set standards in renewable energy
Finance Minister Nirmala Sitharaman urges industry to set standards in renewable energy
Source: IANS
3/02/2023 10:26:28 AM
Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI Reflects a nimble footed and agile approach to keep India on the growth path Commenting on the Union Budget 2022-23, Mr Subhrakant Panda, President, FICCI said, “FICCI congratulates the Hon’ble Finance Minister for delivering a balanced and progressive Union Budget which gives primacy to inclusive growth. The announcements made today capture the pulse of the economy while retaining credibility both in terms of projections as well as committing to the fiscal consolidat...
Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI
Budget strengthens the fundamental pillars and ensures resilience, inclusivity and sustainability: FICCI
Source: PR Agency
2/02/2023 12:41:31 PM
Government progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Nitin Gadkari  Underlining the government initiatives facilitating the use of ethanol, methanol, bio-CNG and hybrid electric vehicles, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday that the government is progressing on the policy of adopting import substitutes, cost-effective, pollution-free and indigenous fuels for the transport sector. Speaking at the FICCI conference -- Future of Mobility: India's Journey Towards Net Zero -- Gadkari also alluded to "makin...
Government progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Nitin Gadkari
Government progressing on policy of adopting import substitutes, cost-effective indigenous fuels: Nitin Gadkari
Source: IANS
31/01/2023 9:32:15 AM
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh Defence Minister Rajnath Singh on Saturday said the government is working and committed to increasing the defence production target from current $12 billion to $22 billion by 2025. "You (industry) can imagine, with this kind of growth, how many opportunities will be available for the Indian industry," the Defence Minister said while addressing FICCI's 95th Annual Convention & AGM here. He further underlined that to increase the participation of domestic industry, the g...
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Source: IANS
17/12/2022 4:13:58 PM
By 2024, Indian Roads to match US Standards: Nitin Gadkari Union Road Transport and Highway Minister Nitin Gadkari on Friday said that logistics cost, which is 16 per cent of GDP presently, will fall to single digits, by 2024. "It is going to help us get more exports", the Minister said, adding that now is the time to increase our business and presence in the international market. The Minister further stated that before 2024 ends, India's road infrastructure would be equal to the US standards. The Minister was addressing the annua...
By 2024, Indian Roads to match US Standards: Nitin Gadkari
By 2024, Indian Roads to match US Standards: Nitin Gadkari
Source: IANS
16/12/2022 4:28:41 PM
Be prepared against tariff walls on exports by nations undergoing green transition: Finance Minister Nirmala Sitharaman to industry Finance Minister Nirmala Sitharaman on Friday asked the Indian industry to be prepared against "tariff walls" which are likely to be imposed by nations undertaking green transitions, on Indian exports, especially steel products. "Many nations want to fund their green transition and are imposing tariff walls on products from other nations. If we export steel to such places, it is likely to face this tariff wall or tax for green transition. Indian industry needs to reset itsel...
Be prepared against tariff walls on exports by nations undergoing green transition: Finance Minister Nirmala Sitharaman to industry
Be prepared against tariff walls on exports by nations undergoing green transition: Finance Minister Nirmala Sitharaman to industry
Source: IANS
16/12/2022 11:41:30 AM
For effective implementation of NEP, Education Ministry & FICCI should work in tandem To make the New Education Policy (NEP) more effective, the Education ministry should join hands with the Federation of Indian Chambers of Commerce & Industry (FICCI), senior officials of Ministry of Education have said. Sanjay Kumar, Secretary, School Education, and Literacy, Ministry of Education, underlined the need for higher budget allocation for the education space. During the FICCI Arise Fifth Annual Flagship Conference, Kumar said that NEP 2020 (New Education Policy) envisages t...
For effective implementation of NEP, Education Ministry & FICCI should work in tandem
For effective implementation of NEP, Education Ministry & FICCI should work in tandem
Source: IANS
14/12/2022 2:05:15 PM
Two Japanese firms to invest Rs 576 cr in Telangana Two Japanese companies on Tuesday announced investment of Rs 576 crore in Telangana. Daifuku, the world's leading provider of automated material handling technology and solutions plans, will set up a manufacturing facility. The company will invest Rs 450 crore and provide employment to over 800 people. Nicomac Taikisha Cleanrooms Private Ltd will set up its third manufacturing facility in Hyderabad by investing Rs 126 crore. The company will expand its cleanrooms production an...
Two Japanese firms to invest Rs 576 cr in Telangana
Two Japanese firms to invest Rs 576 cr in Telangana
Source: IANS
14/12/2022 9:32:06 AM
Odisha receives investment intents worth Rs 10.50 lakh cr at MIO conclave The Odisha government received 741 investment intents worth of Rs 10.50 lakh crore during the 'Make in Odisha' (MIO) conclave, which concluded here on Saturday. Addressing the valedictory session, Chief Minister Naveen Patnaik said the conclave has generated investment intents of Rs 10.50 lakh crore with potential for 10.50 lakh direct and indirect employments. "It's heartening to see the huge response we have got, especially in the post-Covid scenario," he said. ...
Odisha receives investment intents worth Rs 10.50 lakh cr at MIO conclave
Odisha receives investment intents worth Rs 10.50 lakh cr at MIO conclave
Source: IANS
4/12/2022 9:26:38 AM
Odisha fast emerging as industrial hub in eastern India: Chief Minister Naveen Patnaik Odisha is fast emerging as a fulcrum of trade, commerce and industrialisation in eastern India and the Bay of Bengal region, Odisha Chief Minister Naveen Patnaik said here on Wednesday. Patnaik said this while addressing the national executive council of the Federation of Indian Chambers of Commerce and Industry (FICCI) before inaugurating the third edition of Make in Odisha Conclave here at Janata Maidan. He urged the FICCI to promote Odisha as a destination of choice for the investor ...
Odisha fast emerging as industrial hub in eastern India: Chief Minister Naveen Patnaik
Odisha fast emerging as industrial hub in eastern India: Chief Minister Naveen Patnaik
Source: IANS
1/12/2022 11:09:37 AM
Meta supports FICCI, NeGD to train 100 Indian developers in metaverse tech Meta on Tuesday announced it is supporting industry body FICCI with $1 million for the XR Open Source (XROS) fellowship programme that will help 100 Indian developers working on XR (extended reality) technologies for the future of metaverse. Run by FICCI, the XROS programme will provide developers fellowships which includes stipend and mentoring. The National e-Governance Division, an initiative of the Ministry of Electronics & Information Technology (MeitY), will be the technical p...
Meta supports FICCI, NeGD to train 100 Indian developers in metaverse tech
Meta supports FICCI, NeGD to train 100 Indian developers in metaverse tech
Source: IANS
29/11/2022 5:40:12 PM
Uttar Pradesh minister Yogi Adityanath ready to cross shores for Global Investors` Summit Uttar Pradesh ministers will travel to 19 cities across 17 countries between December 9 and 19, ahead of the Global Investors' Summit (GIS) scheduled early next year. The road shows will work in simultaneous mode which means that more than one road show will take place per day. Sources said the schedule had been verbally approved by Chief Minister Yogi Adityanath who may travel separately closer to the event in January. The required paperwork for visa and other things has been initi...
Uttar Pradesh minister Yogi Adityanath ready to cross shores for Global Investors` Summit
Uttar Pradesh minister Yogi Adityanath ready to cross shores for Global Investors` Summit
Source: IANS
24/11/2022 10:27:12 AM
FICCI ARISE organising annual conference for school education on `Reboot-Re-imagine-Rebuild` on December 9-10 As we move towards self-reliance, it is imperative for schools to develop an ecosystem that instills resilience, encourages innovation, promotes sustainability and equips our students to be ready to face the disruptive future. While the pandemic has already accelerated transformational change at the institutional level, it is important for other stakeholders, including the government, industry and the society, to work towards making systemic changes and build a robust, resilient, student-c...
FICCI ARISE organising annual conference for school education on `Reboot-Re-imagine-Rebuild` on December 9-10
FICCI ARISE organising annual conference for school education on `Reboot-Re-imagine-Rebuild` on December 9-10
Source: IANS
5/11/2022 9:25:09 AM
India aims to convert energy challenges into opportunities: Petroleum Minister Hardeep Puri Petroleum Minister Hardeep Puri on Thursday said that as India is facing certain challenges, the Central government's attempt is to convert these challenges into opportunities. "India today is clearly an India in transition," he said while addressing the India Chem 2022, organised by industry body FICCI and Ministry of Chemicals and Fertilisers. Puri while speaking on the high global energy prices, stated that "we have been able to navigate global prices. Clearly when...
India aims to convert energy challenges into opportunities: Petroleum Minister Hardeep Puri
India aims to convert energy challenges into opportunities: Petroleum Minister Hardeep Puri
Source: IANS
4/11/2022 10:01:24 AM
India today shows a picture of optimism and resilience: RBI Governor Retail CBDC pilot to be launched in late November e-Rupee launch a landmark moment Reserve Bank of India Governor, Mr Shaktikanta Das, noted that country's macroeconomic indicators and buffers today make "India a picture of optimism and resilience." He was speaking at FIBAC 2022 – an Annual Banking Conclave organised jointly by FICCI and IBA. Speaking on inflation, the RBI Governor acknowledged that the inflation targets were missed to avoid 'paying a hig...
India today shows a picture of optimism and resilience: RBI Governor
India today shows a picture of optimism and resilience: RBI Governor
Source: PR Agency
3/11/2022 10:55:37 AM
Rupee has behaved in an orderly manner, says RBI Governor Shaktikanta Das  With the rupee witnessing a downward spiral for the past several weeks, even crossing the 83 mark against the US dollar, RBI Governor Shaktikanta Das on Wednesday said that the Indian currency has behaved in an orderly manner and its trajectory shouldn't be looked at emotionally. Das, while addressing industry body FICCI's banking summit in Mumbai, said that capital flows will resume as the US Federal Reserve will not resort to tightening of rates for a long time. The RBI ...
Rupee has behaved in an orderly manner, says RBI Governor Shaktikanta Das
Rupee has behaved in an orderly manner, says RBI Governor Shaktikanta Das
Source: IANS
2/11/2022 3:18:22 PM
Indian industry ready to catch momentum of country`s growth story: FICCI Subhrakant Panda, senior vice president of the Federation of Indian Chambers and Commerce and Industries (FICCI) has said that the Indian industry is ready to catch the momentum of the country’s growth story and be a part of its march to 2047 to become a developed nation. He said India has emerged as a bright spot in the world economy. Asserting that experts and economist are now talking about the country becoming a $30 trillion or $35 trillion economy, Panda said there is no doubt t...
Indian industry ready to catch momentum of country`s growth story: FICCI
Indian industry ready to catch momentum of country`s growth story: FICCI
Source: Accord Fintech
20/10/2022 11:58:48 AM
Uttar Pradesh Global Summit now in February 2023 The Global Investors Summit-2023 (GIS-23) will be organised in Lucknow from February 10 to 12 next year. According to an official spokesperson, a target has already been set to attract investment of Rs 10 lakh crore at the GIS-2023. The state government had earlier proposed the summit in January 2023. It had decided to hold international roadshows ahead of the GIS-2023 in nearly 18 countries. Chief Minister Yogi Adityanath, according to the spokesman, said preparations for the GIS-20...
Uttar Pradesh Global Summit now in February 2023
Uttar Pradesh Global Summit now in February 2023
Source: IANS
30/09/2022 2:20:07 PM
Involve consumers in detecting fake products: CBIC member Emphasising on making the consumer aware about illicit and fake products and prevent their sale, Central Board of Indirect Taxes and Customs (CBIC) member, Sandeep Kumar on Thursday said that enforcement agencies must use digital tools to seize counterfeit products. Speaking at FICCI MASCRADE 2022 summit, Kumar added that consumer awareness is paramount in ensuring that fake or illicit products are not purchased by them. He suggested industries and corporates to involve citizens and har...
Involve consumers in detecting fake products: CBIC member
Involve consumers in detecting fake products: CBIC member
Source: IANS
22/09/2022 4:48:25 PM
Illicit market size stood at Rs 2.6 lakh cr in 5 key sectors in 2019-20: FICCI report The size of the illicit market in five key industries, namely household and personal goods, packaged foods, tobacco products, alcoholic beverages and mobile phones, stood at Rs 2,60,094 crore during 2019-20. Also the estimated tax loss to the government due to illicit goods in these key areas stood at Rs 58,521 crore in 2019-20. Two highly regulated and taxed industries namely tobacco products and alcoholic beverages, accounted for 49 per cent of tax losses. These were the findings o...
Illicit market size stood at Rs 2.6 lakh cr in 5 key sectors in 2019-20: FICCI report
Illicit market size stood at Rs 2.6 lakh cr in 5 key sectors in 2019-20: FICCI report
Source: IANS
22/09/2022 4:33:43 PM
FICCI organising the 13th Global Skills Summit 2022 on September 27-28 After two years of absence due to the Covid-19 pandemic, the summit has entered its 15th year of inception. FICCI Skills is proud to have been a pioneer in creating India's largest skill conclave which sees participation from India and abroad. For years we have been discussing pertinent themes like skills and knowledge, emerging skills -- India 2020, Quality Paradigms in Vocational Training, New Age Skills for Today and Tomorrow and many more. This year the summit would focus on "...
FICCI organising the 13th Global Skills Summit 2022 on September 27-28
FICCI organising the 13th Global Skills Summit 2022 on September 27-28
Source: IANS
22/09/2022 12:59:25 PM
Aatmnirbhar Bharat in agriculture can provide food for all in the world: Narendra Singh Tomar Asserting India has the potential to become "aatmnirbhar" in agriculture and also meet the food requirements of the world, Agriculture and Farmers Welfare Minister Narendra Singh Tomar invited the international community to join hands for the purpose. "We would like to collaborate. I use this opportunity to invite the international community to join hands with us for the benefit of coming generations," he said in his address at the session "Food for All: From Farm ...
Aatmnirbhar Bharat in agriculture can provide food for all in the world: Narendra Singh Tomar
Aatmnirbhar Bharat in agriculture can provide food for all in the world: Narendra Singh Tomar
Source: IANS
21/09/2022 4:01:13 PM
Piyush Goyal urges MSME sector to enhance quality of products Commerce Minister Piyush Goyal on Tuesday urged upon the manufacturing sector, especially the micro, small, and medium enterprises (MSMEs), to ensure quality in their products. Addressing the FICCI LEADS summit, he said that though India is a market leader in giving top quality products in various segments like auto, FMCG, hospitality and many others, it needs to enhance quality of products coming out of the FMCG sector. "We need to come out of that export quality product mentality...
Piyush Goyal urges MSME sector to enhance quality of products
Piyush Goyal urges MSME sector to enhance quality of products
Source: IANS
21/09/2022 10:08:38 AM
Future of financing in India is through digitisation : FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Tuesday said that future of financing in India is going to be governed through digitisation, noting that in July 2022 alone, 6.2 billion transactions worth Rs 10.6 trillion were conducted. Addressing the FICCI LEADS summit here, she said that UPI is aiming to achieve a target of 1 billion transactions in a day in the next five years. Today, even if there is no brick or mortar bank branches in rural areas, people are able to access banking facilitie...
Future of financing in India is through digitisation : FM Nirmala Sitharaman
Future of financing in India is through digitisation : FM Nirmala Sitharaman
Source: IANS
21/09/2022 9:38:56 AM
Skill or chance: India panel calls for regulatory body, new law for online gaming India should create a regulatory body to classify online games as based on skill or chance, introduce rules to block prohibited formats and take a stricter stance on gambling websites, a government panel said in a report seen by Reuters. The panel of Prime Minister Narendra Modi's top officials has for months been drafting regulations for the country's online gaming sector, where foreign investors such as Tiger Global and Sequoia Capital have backed gaming startups Dream11 and Mobi...
Skill or chance: India panel calls for regulatory body, new law for online gaming
Skill or chance: India panel calls for regulatory body, new law for online gaming
Source: Reuters
15/09/2022 2:29:08 PM
FICCI urges Fin Min to withdraw export duty on pig iron exports The Federation of Indian Chambers of Commerce and Industry (FICCI) has written a letter to the Union Ministry of Finance seeking the withdrawal of 15 per cent export duty on pig iron. FICCI has claimed that the decision to impose the export duty, will have no positive impact on the Indian steel industry, but it will adversely affect pig iron producers making it unviable for them to export surplus pig Iron. Merchant pig iron producers are forced to export surplus pig Iron due to vagaries...
FICCI urges Fin Min to withdraw export duty on pig iron exports
FICCI urges Fin Min to withdraw export duty on pig iron exports
Source: IANS
2/09/2022 3:09:18 PM
Focus on innovation, indigenisation to make India global drone hub: V.K. Singh There is a need to cut down imports of drones and only policy is not enough to make the country a drone hub, Minister of State for Civil Aviation V.K. Singh said on Thursday. "We have to cut down imports and policy is just not enough. If India has to become a drone hub, we have to ensure that you manufacture here. Initially the cost may be more, but with the increase in volume, the prices will come down," he emphasised. Addressing a conference on 'Making India a Global Dro...
Focus on innovation, indigenisation to make India global drone hub: V.K. Singh
Focus on innovation, indigenisation to make India global drone hub: V.K. Singh
Source: IANS
2/09/2022 9:15:43 AM
Odisha CM invites industries to invest ahead of 'Make In Odisha' Conclave Odisha Chief Minister Naveen Patnaik has addressed the Investors' meet and curtain raiser for the 'Make in Odisha' conclave in the national capital and urged the investors to invest in Odisha. The event was held by the Odisha government in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI). Addressing the investors, Patnaik on Wednesday said, "Odisha is one of the fastest growing economies in India and has consistently grown above the ...
Odisha CM invites industries to invest ahead of 'Make In Odisha' Conclave
Odisha CM invites industries to invest ahead of 'Make In Odisha' Conclave
Source: IANS
1/09/2022 11:22:52 AM
RBI maintains consistency in recent monetary policy statement: FICCI President The Federation of Indian Chambers of Commerce & Industry (FICCI) President, Sanjiv Mehta, has said that the Reserve Bank of India (RBI) has maintained consistency in the recent monetary policy statement by focusing on withdrawal of accommodation to contain inflation. Mehta said the Central Bank has delivered the third consecutive increase in the policy rate - increasing the benchmark repo rate by a total of 140 bps since May this year. He noted that inflation has been over the comfort ...
RBI maintains consistency in recent monetary policy statement: FICCI President
RBI maintains consistency in recent monetary policy statement: FICCI President
Source: Accord Fintech
8/08/2022 2:02:53 PM
FICCI lowers India`s economy growth forecast to 7% for current fiscal Amid ongoing geopolitical uncertainties, industry body -- the Federation of Indian Chambers of Commerce & Industry (FICCI) in its Economic Outlook Survey (July 2022) has said that India’s economy is estimated to grow 7 per cent in the current fiscal, lower than the earlier projection of 7.4 per cent. It also said the policy rate of the Reserve Bank of India is expected to reach 5.65 per cent by the end of this fiscal. Currently, the policy rate (repo) is 4.9 per cent. The present ro...
FICCI lowers India`s economy growth forecast to 7% for current fiscal
FICCI lowers India`s economy growth forecast to 7% for current fiscal
Source: Accord Fintech
22/07/2022 9:49:25 AM
India`s FY23 growth forecast cut to 7%, RBI to stay hawkish, industry body says The Indian economy is expected to expand 7% in fiscal 2022/23, slower than a previous estimate of 7.4% and the central bank's 7.2% projection, according to a survey by India's leading industry body. The Federation of Indian Chambers of Commerce and Industry's (FICCI) quarterly survey, released on Thursday, said the war in Ukraine is likely to keep inflation high and dent consumer demand. The Reserve Bank of India (RBI) was expected to stay hawkish to tackle elevated inflatio...
India`s FY23 growth forecast cut to 7%, RBI to stay hawkish, industry body says
India`s FY23 growth forecast cut to 7%, RBI to stay hawkish, industry body says
Source: Reuters
21/07/2022 2:11:45 PM
GIA India Organises Diamond Seminar for FICCI FLO Members in Kolkata Kolkata – GIA India organised an education seminar, “Diamond (April)”, for Federation of Indian Chambers of Commerce and Industry Ladies Organisation, (FICCI, FLO) Kolkata. The members acquired knowledge about Diamond – the birthstone of April. FLO is the women’s wing of the FICCI and has 18 chapters across India. More than 20 diamond connoisseurs and buyers of diamond jewellery attended the seminar. A GIA India representative spoke on the birthstones a...
GIA India Organises Diamond Seminar for FICCI FLO Members in Kolkata
GIA India Organises Diamond Seminar for FICCI FLO Members in Kolkata
Source: PR Agency
12/07/2022 5:21:31 PM
FICCI seeks zero-rating GST on healthcare services The Federation of Indian Chambers of Commerce & Industry (FICCI) has sought zero-rating GST on healthcare services to enable the service providers to claim input tax credit. It said enabling this would not only ensure that the input tax credit chain is intact but will also make compliances easier and ensure that the input taxes are not loaded into the cost of healthcare services. Talking about the recommendations made in the recent GST Council meeting, the chamber said the incorporatio...
FICCI seeks zero-rating GST on healthcare services
FICCI seeks zero-rating GST on healthcare services
Source: Accord Fintech
6/07/2022 12:41:13 PM
India-UAE Start-up Corridor to enhance start-up ecosystem between two nations FICCI LEAD, a technology and business incubator of the Federation of Indian Chambers of Commerce & Industry (FICCI), and the Dubai International Financial Centre (DIFC) recently inked a landmark MoU to launch the 'India-UAE Start-Up Corridor'. The objective of the initiative is to enhance and expand the start-up ecosystem between India and the UAE. It will also further the vision of the leadership of both countries under the recently signed Comprehensive Economic Partnership Ag...
India-UAE Start-up Corridor to enhance start-up ecosystem between two nations
India-UAE Start-up Corridor to enhance start-up ecosystem between two nations
Source: IANS
25/05/2022 8:55:51 AM
India's GDP likely to grow at 7.4% in FY23: Ficci Ficci's Economic Outlook Survey has said that India's Gross domestic product (GDP) is likely to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery. It said the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continu...
India's GDP likely to grow at 7.4% in FY23: Ficci
India's GDP likely to grow at 7.4% in FY23: Ficci
Source: Accord Fintech
4/04/2022 12:52:50 PM
PM Narendra Modi -DevINE to bridge infrastructure gaps, provide livelihood in NE: FICCI The northeast region chapter of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Tuesday, welcomed the Union Budget presented in the Parliament by Finance Minister Nirmala Sitharaman for focusing on infrastructure, and said that the the Prime Minister's Development Initiative for North-East (PM-DevINE) would help bridge critical infrastructure gaps in remote areas and provide livelihood options to the people in the region. North East Advisory Council Chairman of FI...
PM Narendra Modi -DevINE to bridge infrastructure gaps, provide livelihood in NE: FICCI
PM Narendra Modi -DevINE to bridge infrastructure gaps, provide livelihood in NE: FICCI
Source: IANS
2/02/2022 10:11:36 AM
India’s manufacturing sector seems to have improved in October-December 2021: FICCI survey The Federation of Indian Chambers of Commerce & Industry (FICCI) in its latest quarterly survey on Manufacturing revealed that the outlook for India’s manufacturing sector seems to have improved in the October-December 2021 quarter even as the cost of doing business remains a cause for concern and hiring prospects remain subdued. The findings of the latest survey also reflect sustained economic activity in the sector, with existing average capacity utilisation in the range of 65 to ...
India’s manufacturing sector seems to have improved in October-December 2021: FICCI survey
India’s manufacturing sector seems to have improved in October-December 2021: FICCI survey
Source: Accord Fintech
31/01/2022 11:33:40 AM
Real Estate Sentiment Index of India Q4 2021 report by Dhaval Ajmera, Ajmera Realty & Infra India Ltd Below is Perspective on Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index - Q4 2021 India Sentiment Index Q4 2021 report by Dhaval Ajmera, Director of Ajmera Realty & Infra India Ltd Kindly find below Perspective by Dhaval Ajmera, Director of Ajmera Realty and Infra India Ltd. on Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index - Q4 2021 India Sentiment Index Q4 2021 report. “The resilience of the real estate industry in the first two wave of covid ha...
Real Estate Sentiment Index of India Q4 2021 report by Dhaval Ajmera, Ajmera Realty & Infra India Ltd
Real Estate Sentiment Index of India Q4 2021 report by Dhaval Ajmera, Ajmera Realty & Infra India Ltd
Source: PR Agency
24/01/2022 3:23:35 PM
India cannot depend on others for defence technologies amid security challenges: Rajnath Singh India cannot depend on other countries for defence technologies due to its stature, its geographical location as well as the security challenges it faces, said Defence Minister Rajnath Singh underscoring the importance of achieving 'Aatmanirbharta' (Self Reliant India) in defence. Addressing the 94th Annual General Meeting of Federation of Indian Chambers of Commerce and Industry (FICCI), on the theme 'India Beyond 75' in New Delhi, Singh voiced the government's vision...
India cannot depend on others for defence technologies amid security challenges: Rajnath Singh
India cannot depend on others for defence technologies amid security challenges: Rajnath Singh
Source: IANS
18/12/2021 5:40:38 PM