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Softening of WPI inflation to cut production costs, demand surge for consumption The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging, which will lead to reduction in production costs and increase in demand for consumption within the country, industry experts said on Tuesday.  The lower-than-expected WPI number is primarily owing to a fall in fuel and electricity components as global crude prices have softened given the Chinese demand worries as well as hea...
Softening of WPI inflation to cut production costs, demand surge for consumption
Softening of WPI inflation to cut production costs, demand surge for consumption
Source: IANS
2024-09-17 04:25:35 pm
Global firms trusting India’s growth story to double down on investments: PHDCCI Global companies, including from Singapore, which are keen to double down on their investments are now further relying on India and trusting its robust growth story, the PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.  Speaking to IANS, Dr SP Sharma, Chief Economist and Deputy Secretary General of PHDCCI, said that India is a very resilient economy that will continue to grow rapidly in the future. He reacted after global real asset manager CapitaLand Investment Lim...
Global firms trusting India’s growth story to double down on investments: PHDCCI
Global firms trusting India’s growth story to double down on investments: PHDCCI
Source: IANS
2024-09-05 09:26:07 am
Record forex reserves to boost economy, promote domestic trade: Industry The record all-time high level of India’s forex reserves will create external sector resilience and boost economy across sectors, industry experts said on Saturday, as the country’s forex reserves surged $7.023 billion to touch a new high of $681.68 billion in the week ended August 23.  Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said that with the support of strategic policy initiatives and a diligent monetary policy stance, the forex has reached a r...
Record forex reserves to boost economy, promote domestic trade: Industry
Record forex reserves to boost economy, promote domestic trade: Industry
Source: IANS
2024-08-31 11:29:56 am
6.7 pc GDP growth inspiring despite deepening geopolitical distress: Industryind  India has been in a glorious position post-Covid, being the fastest-growing economy in the world with over 7 per cent growth which is visible across the board and if we continue to grow at 7 per cent, the effective growth rate is expected to be 11-12 per cent because we have a very strong parallel economy which is also functioning strong, experts said on Friday.  India’s growth at 6.7 per cent in the first quarter (Q1) of FY2024-25 is inspiring despite deepening geopolitic...
6.7 pc GDP growth inspiring despite deepening geopolitical distress: Industryind
6.7 pc GDP growth inspiring despite deepening geopolitical distress: Industryind
Source: IANS
2024-08-31 09:17:12 am
Six crore ITRs filed in 2023-24, 70 pc under new tax regime Around six crore income tax returns have been filed in 2023-24, of which 70 per cent were filed under the new simplified tax regime which offers a lower rate of tax but fewer deductions, Revenue Secretary Sanjay Malhotra has said.  Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said initially some apprehensions were raised in some sections as to whether people would shift to the simplified tax regime. However, the large percentage of taxpayers ...
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
Six crore ITRs filed in 2023-24, 70 pc under new tax regime
Source: IANS
2024-07-31 01:50:24 pm
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary The Union Budget aims to simplify tax provisions and reduce complexity and disputes, while ensuring that those more capable bear a burden than the lesser, Revenue Secretary Sanjay Malhotra said here on Tuesday.   At a post-budget session at the leading industry chamber PHDCCI, Malhotra said the budget not only aims to adopt a collaborative, non-adversarial approach but also stimulate growth and employment, "with a significant shift from principal accounts to normative and presump...
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary
Budget simplifies tax provisions, ensures fairness and equity: Revenue Secretary
Source: IANS
2024-07-31 10:17:26 am
India's medical devices industry to grow five-fold to $50 bn by 2030: DCGI With proper regulation, India's medical devices industry is estimated to grow five-fold to $50 billion by 2030, said Drug Controller General of India (DCGI) Rajeev Singh Raghuvanshi on Thursday.  He was speaking at a conference on the classification of health products organised by the PHD Chamber of Commerce and Industry in the national capital. The DCGI underlined the benefits of regulation, including quality monitoring and international acceptance, which collectively boost in...
India's medical devices industry to grow five-fold to $50 bn by 2030: DCGI
India's medical devices industry to grow five-fold to $50 bn by 2030: DCGI
Source: IANS
2024-07-25 01:00:26 pm
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts Inflation in the food articles is expected to rationalise by September/October as many of the Kharif crops will be entering the mandis supplementing the existing supply, industry experts said on Monday.  The annual rate of inflation based on the all-India Wholesale Price Index (WPI) number edged up to 3.36 per cent in June compared to the same month of the previous year, according to data from the Commerce Ministry. “Supported by negative inflation in the non-food articles (-...
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts
WPI inflation remains benign, food prices to rationalise in next 2-3 months: Experts
Source: IANS
2024-07-15 02:09:01 pm
India shows remarkable resilience amid global challenges: Industry India has shown remarkable resilience amid global challenges by continuously moving on a high growth trajectory on the back of prudent policy measures and vigilant monetary policy stance, industry experts said on Saturday. The foreign exchange reserves surged by $5.16 billion to reach a lifetime high of $657.16 billion during the week ended July 5, according to the latest RBI data. “This would accelerate India's economic growth to new highs, bolstering its global stature. This...
India shows remarkable resilience amid global challenges: Industry
India shows remarkable resilience amid global challenges: Industry
Source: IANS
2024-07-13 10:49:37 am
Food prices set to cool off in coming months as monsoon progresses: Experts The food prices are projected to cool off in the coming months and the inflation trajectory to soften and stabilise between 4 and 4.5 per cent, industry experts have said.  India’s consumer price inflation (CPI) edged up to 5.08 per cent in June this year compared to the same period last year. According to industry experts, although June rains were deficient, it is not a major concern because July and August rains are what matter for Kharif. “We expect the progress o...
Food prices set to cool off in coming months as monsoon progresses: Experts
Food prices set to cool off in coming months as monsoon progresses: Experts
Source: IANS
2024-07-13 10:29:48 am
WPI inflation remains benign, likely to normalise by Sept-Oct: Experts  The inflation in food articles is expected to rationalise by September-October as many of the kharif crops will enter the markets and supplement the existing supply, industry experts said on Friday.  According to figures released by the Commerce Ministry, India's inflation rate based on the Wholesale Price Index (WPI) edged up to 2.61 per cent during May compared to the same month last year. “Supported by negative inflation in the non-food articles (-3.9 per cent), ...
WPI inflation remains benign, likely to normalise by Sept-Oct: Experts
WPI inflation remains benign, likely to normalise by Sept-Oct: Experts
Source: IANS
2024-06-14 04:03:12 pm
India Sotheby`s International Realty appoints Saket Dalmia as President to lead the organization`s endeavours in India. India Sotheby’s International Realty today announced that Saket Dalmia has invested in the company and has joined the Board as President. With his extensive experience at PHD Chambers of Commerce, spearheading several initiatives such as Young Business Leader Forum and Start-Up20 Finance Task Force, Mr. Dalmia will now be an integral part of India Sotheby’s International Realty, as the company targets a sales transaction turnover of $1 bn in its 10th year of operation. &nb...
India Sotheby`s International Realty appoints Saket Dalmia as President to lead the organization`s endeavours in India.
India Sotheby`s International Realty appoints Saket Dalmia as President to lead the organization`s endeavours in India.
Source: PR Agency
2024-01-16 03:28:53 pm
India`s economy likely to surpass $4 trillion in 2024-25: PHDCCI PHD Chamber of Commerce and Industry (PHDCCI) in its latest report has said India's economy is likely to surpass $4 trillion in 2024-25 and further escalate to $5 trillion by 2026-27. It also expects the RBI to cut the repo rate by 100 basis points in a calibrated manner by the end of 2024. It stated ‘The Indian economy is showing evidence of strong growth...It is imperative that there is a need to remain watchful and adaptable in the coming days to mitigate the dangers presented...
India`s economy likely to surpass $4 trillion in 2024-25: PHDCCI
India`s economy likely to surpass $4 trillion in 2024-25: PHDCCI
Source: Accord Fintech
2024-01-11 10:28:11 am
Key issues in return filing discussed at PHDCCI`s 23rd GST seminar The GSTR 9 and GSTR 9C return filing and its importance, legal provisions of the annual return and the problems being faced by the taxpayers while filling GSTR 9 and 9C returns for 2022-23, for which the deadline for filing is 31st December 2023, were among the several issues which were deliberated at the 23rd edition of Knowledge Series on GST organised by PHDCCI here on 27th December at PHD House. Chairman of the Indirect Tax Committee and Partner, AK Batra and Associates, Mr. Ashok Kuma...
Key issues in return filing discussed at PHDCCI`s 23rd GST seminar
Key issues in return filing discussed at PHDCCI`s 23rd GST seminar
Source: PR Agency
2023-12-31 05:06:08 pm
SIDBI acts as the Principal Financial Institution for Promotion, Financing and Development of the MSME sector: Dr. R K Singh, Chief General Manager, SIDBI During a conference on Financing Low Carbon Transition in India  organized by the Banking, Financial Services & Insurance (BFSI) Committee of the PHDCCI in association with Small Industries Development Bank of India (SIDBI) on December 22, 2023, Dr. R K Singh, Chief General Manager, Small Industries Development Bank of India (SIDBI) said that SIDBI acts as the Principal Financial Institution for Prom...
SIDBI acts as the Principal Financial Institution for Promotion, Financing and Development of the MSME sector: Dr. R K Singh, Chief General Manager, SIDBI
SIDBI acts as the Principal Financial Institution for Promotion, Financing and Development of the MSME sector: Dr. R K Singh, Chief General Manager, SIDBI
Source: PR Agency
2023-12-28 11:49:59 am
DGCA`s initiative is poised to break through embedded patriarchal mindsets, contributing to a positive cultural shift within the aviation sector: PHD Chamber The strides made in the past few decades, particularly with India boasting the highest percentage of women pilots globally at 15%, showcase the progress achieved. However, it is evident that there is still much work to be done to bridge existing gaps and encourage a greater influx of women into the industry.   In our ever-evolving world, it is crucial to inspire more women to pursue careers in aviation. The commitment by DGCA to prioritize gender inclusivity in the Indian aviation ...
DGCA`s initiative is poised to break through embedded patriarchal mindsets, contributing to a positive cultural shift within the aviation sector: PHD Chamber
DGCA`s initiative is poised to break through embedded patriarchal mindsets, contributing to a positive cultural shift within the aviation sector: PHD Chamber
Source: PR Agency
2023-12-18 12:11:54 pm
Mandatory Explicit Consent and Transparency Guidelines for Customer Communication is essential - Shri V Raghunandan, Secretary, TRAI Addressing the Fraud Prevention Summit: Enhancing Safety in Digital Communication organised by PHDCCI and Truecaller today at Imperial Hotel, New Delhi, Shri V Raghunandan, Secretary, TRAI, outlined how with the launch of 5G technology and its deployment across the country, some concerns are also arising especially in the context of IoT applications. He informed that, with ongoing initiatives related to device security, network security, and KYC provisions, already are being undertaken by the...
Mandatory Explicit Consent and Transparency Guidelines for Customer Communication is essential - Shri V Raghunandan, Secretary, TRAI
Mandatory Explicit Consent and Transparency Guidelines for Customer Communication is essential - Shri V Raghunandan, Secretary, TRAI
Source: PR Agency
2023-11-27 04:17:15 pm
Consistent growth in agriculture boosts economic resilience: PHD Chamber The agriculture sector has emerged as one of the most supportive sectors to the growth of India’s economy and is boosting economic resilience. In recent years the agriculture sector has shown a consistent growth rate of more than 3% from 2019-20 to 2022-23. The decadal growth rates of the agriculture sector revealed that the recent decade from 2011 to 2021 was the most fruitful decade for the agriculture sector as the sector grew at 3.8% (average). The sector grew repeatedly at new high...
Consistent growth in agriculture boosts economic resilience: PHD Chamber
Consistent growth in agriculture boosts economic resilience: PHD Chamber
Source: PR Agency
2023-11-27 04:06:53 pm
The deployment of S400 Triumf air defence system along with the planned indigenous system of DRDO will provide adequate protection to the vital areas and population centres close to the international border: says Mr Rudra Shriram Chair - Defence and Homel It is very heartening to learn about India’s future plan to have its own Iron Dome system to counter threats from our hostile adversaries and possibly from non-state actors within the country. The deployment of the S400 Triumf air defence system along with the planned indigenous system of DRDO will provide adequate protection to the vital areas and population centres close to the international border.  We have many important areas close to the border which will be the target o...
The deployment of S400 Triumf air defence system along with the planned indigenous system of DRDO will provide adequate protection to the vital areas and population centres close to the international border: says Mr Rudra Shriram Chair - Defence and Homel
The deployment of S400 Triumf air defence system along with the planned indigenous system of DRDO will provide adequate protection to the vital areas and population centres close to the international border: says Mr Rudra Shriram Chair - Defence and Homel
Source: PR Agency
2023-11-27 04:00:55 pm
Chief Marketing Technologists` Summit 2023 PHDCCI New-age Business Committee organized the Chief Marketing Technologists’ Summit 2023 themed Marketing in the Age of AI - Embracing the Future of Customer Engagement & Retention on 8th Nov 2023 at PHD House, New Delhi.   Mr. Nitin Jain, Co-founder & CBO, OfBusiness & Chair, PHDCCI’s New Age Business & AI Leadership acknowledged the rapid pace of technological change that everyone is experiencing daily, particularly in the one year. To keep up with these...
Chief Marketing Technologists` Summit 2023
Chief Marketing Technologists` Summit 2023
Source: PR Agency
2023-11-27 03:54:21 pm
Addressing the diversity of MSME structure of states crucial for National MSME policy: PHDCCI Highlighting the diverse structure of MSMEs across the Indian states and UTs is the main highlight of the report “MSME in India: A Structural Analysis”, launched today by Dr Rajneesh, AS and DC, Ministry of MSME. This report, presented as the first in a series of publications by the Policy Forum of the PHD Chamber of Commerce and Industry (PHDCCI), provides an analysis of the MSME structure in India and serves as a cornerstone for discussions, offering valuable insights into the s...
Addressing the diversity of MSME structure of states crucial for National MSME policy: PHDCCI
Addressing the diversity of MSME structure of states crucial for National MSME policy: PHDCCI
Source: PR Agency
2023-11-27 03:48:07 pm
PHDCCI launches nation-wide education campaign ``Project Vidyasagar`` from Bihar PHD Chamber of Commerce and Industry (PHDCCI) in partnership with Parakh NCERT; SCERT Bihar and Union Ministry of Education’s Vidyanjali scheme started a 12-state campaign called Project Vidyasagar from Patna on November 23.   The two-day workshop had twin objectives – creating awareness among school teachers about learning competencies at different levels and creating awareness about Vidyanjali. Present in the inaugural session were CEO of Parakh, NCERT Prof Indrani Bh...
PHDCCI launches nation-wide education campaign ``Project Vidyasagar`` from Bihar
PHDCCI launches nation-wide education campaign ``Project Vidyasagar`` from Bihar
Source: PR Agency
2023-11-27 11:54:11 am
Pickup in India`s exports in line with PHD Chamber`s Projections Significant pickup in India’s exports is in line with the projections made by PHD Chamber of Commerce and Industry in its report on ‘Growth Dynamics of India’s Exports’ released in the month of June 2023, said Mr. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry in a press statement issued here today. The industry body projected that India’s exports will pick up by October 2023 on the back of gradual revival of dem...
Pickup in India`s exports in line with PHD Chamber`s Projections
Pickup in India`s exports in line with PHD Chamber`s Projections
Source: PR Agency
2023-11-21 11:16:28 am
Chief Marketing Technologists` Summit 2023 PHDCCI New-age Business Committee organized the Chief Marketing Technologists’ Summit 2023 themed Marketing in the Age of AI - Embracing the Future of Customer Engagement & Retention on 8th Nov 2023 at PHD House, New Delhi. Mr. Nitin Jain, Co-founder & CBO, OfBusiness & Chair, PHDCCI’s New Age Business & AI Leadership acknowledged the rapid pace of technological change that everyone is experiencing daily, particularly...
Chief Marketing Technologists` Summit 2023
Chief Marketing Technologists` Summit 2023
Source: PR Agency
2023-11-09 06:08:55 pm
PHDCCI organized Industrial Relations Summit 2023 centered on the concept of `Udhyog Parivar` PHDCCI organized Industrial Relations Summit 2023 today on the theme "Forging New Paths in Industrial Relations in Bharat's Transforming Business Environment". The Summit provided an important platform for discussions, knowledge sharing, and strategic planning to enhance Industrial Relation practices in the growing Indian economy. Mr. Ashish Wig, Chair, HR & IR Committee, PHDCCI mentioned that in line with the theme of the Summit, the concept of “Udyog Parivar&rdquo...
PHDCCI organized Industrial Relations Summit 2023 centered on the concept of `Udhyog Parivar`
PHDCCI organized Industrial Relations Summit 2023 centered on the concept of `Udhyog Parivar`
Source: PR Agency
2023-10-27 11:14:13 am
India emerging as alternative supply source, says Hardeep Puri As the global supply chains are realigning, India is emerging as an alternative supply source given its raw materials, low labour costs, growing manufacturing knowhow, and entrepreneurial ability, Petroleum Minister Hardeep Puri said on Friday,Addressing the annual meeting of industry chamber PHDCCI, Puri said that with the transition witnessed by energy sector in recent years, India is simultaneously pursuing both traditional fuel exploration and energy transition.The minister said that Indi...
India emerging as alternative supply source, says Hardeep Puri
India emerging as alternative supply source, says Hardeep Puri
Source: IANS
2023-09-30 09:25:51 am
PHDCCI Organises International Conference on DEFENCE DESIGNS `Vision 2047 PHD Chamber of Commerce and Industry organised the?International Conference on DEFENCE DESIGNS "Vision 2047," held in New Delhi on September 27, 2023, brought together leaders, experts, and stakeholders from the defence and aerospace sectors to discuss the future of defence design, innovation, and collaboration in India's armed forces.For the first time in the Indian defence ecosystem, PHDCCI organised an event on the unique theme of Defence Designs Vision 2047. A number of innovative unique ...
PHDCCI Organises International Conference on DEFENCE DESIGNS `Vision 2047
PHDCCI Organises International Conference on DEFENCE DESIGNS `Vision 2047
Source: PR Agency
2023-09-29 12:48:23 pm
PHDCCI recommendations on Transforming Punjab into a major Industrial and Export hub Mr. R S Sachdeva, Chair, Punjab State Chapter, PHD Chamber of Commerce and Industry today welcomed CM Punjab?s decision to meet Industrialists from all the sectors. This is indeed a welcome move which will address the long pending demands of the Industry. It is a wonderful opportunity for the industrialists to share their industrial perspective. It will provide congenial atmosphere for industry to flourish and make Punjab a front-running industrial state in the Country, said Mr. Sac...
PHDCCI recommendations on Transforming Punjab into a major Industrial and Export hub
PHDCCI recommendations on Transforming Punjab into a major Industrial and Export hub
Source: PR Agency
2023-09-16 02:12:56pm
PHDCCI First Media Summit Focusing on the Rise of Indian Language Newspapers and Technology Inroads PHD Chamber of Commerce and Industry will organize its first Media Summit: The Rise of Indian Language Newspapers & The Techtide on 13th September at the PHD House. Print media is the oldest and among the strongest segments of media and communications in the country. As per industry estimates, the sector grew 20 per cent in 2021. In terms of revenue, it was at approximately INR 240 billion in 2022 and is expected to grow to INR 250 billion in 2024. Mr Apurva Chandra, S...
PHDCCI First Media Summit Focusing on the Rise of Indian Language Newspapers and Technology Inroads
PHDCCI First Media Summit Focusing on the Rise of Indian Language Newspapers and Technology Inroads
Source: PR Agency
2023-09-12 03:20:16pm