FICCI urges government to revisit tendering system for construction work contracts
Experience in India has shown that officials in procuring departments and agencies, in order to maintain utmost probity and transparency, prefer to adopt the least cost principle for the award of contracts.
Jio boxed into corner; CII, FICCI join cause to seek relief for telcos
In an apparent attempt to counter billionaire Mukesh Ambani-run Jio's ...
Tension with US won't impact India ties: Iranian minister
India-Iran relationship, Jawadi said, has risen above all these issues. "Our relati...
Supreme Court's AGR ruling will lead to telecom sector's collapse: FICCI to FM
FICCI in a letter to Nirmala Sitharaman seeking her urgent intervention to resolve woes in the telecom sector said the debt-ridden industry has no appetite left to invest in networks and future technologies while businesses across the world are exploring new opportunities around emerging technologies like 5G, AI and internet of things.
No GST rate increase till revenue stabilises
There is no possibility of change in GST rates till GST revenue stabilises, Sushil Kumar Modi said.
Essar Steel order will bring certainty to resolution process: Ficci
Upholding of the doctrine that financial creditors will rank ahead of operational creditors bodes well for the Indian banking industry as well as potential foreign investors, Ficci President Sandip Somany said. The industry body also welcomed the court order that the commercial decisions of the CoC will not be open to judicial review.
Covid-19 outbreak: Nirmala Sitharaman says steps soon to ease supply woes, secretaries to meet today
Sitharaman today met industry and trade associations to assess the impact of the virus on businesses. The finance minister said that a meeting of the concerned secretaries will be held tomorrow. The finance minister assured the industry that she will speak to the PMO on steps to provide any relief.
Govt should explore Israel, Brazil models for onion storage: Ficci study
India, which is currently witnessing a spike in retail onion price up to Rs 100/kg on tight supply, should explore low-cost modern technology models from other countries for storing the commodity.
Stake sale in BPCL, SCI, Concor to strengthen firms, bring in fresh investments: Ficci
The decision to set up a unified regulatory body to supervise the activities of financial services providers in the International Financial Services Centre will add to the ease of doing business for firms that set up a base in IFSC and Ficci welcomes this single window facilitation, Ficci President Sandip Somany said in a statement.
Not all is gloomy! SBI chairman nudges industry to borrow and invest in economy
The SBI chief added that the banks is underutilising its loan sanction limits as there is not enough demand.
Industry captains discuss road map for $5 trillion economy
The executives stressed on the need for Indian manufacturing to become globally competitive.
India must grow its share in global trade to 8-10%: Nitin Gadkari
“The most important thing for the $5 trillion economy is the export-import balance,” Gadkari said at the 92nd Annual Convention of Ficci on Friday. He said China contributes around 17% to global trade while India’s contribution is 2.6%.
Economic revival unlikely soon: International Monetary Fund
Fund’s chief economist Gita Gopinath stresses need for ‘important reforms’ in land acquisition and labour laws
India to be largest energy growth market by 2030: Dharmendra Pradhan
While energy consumption will grow by 4.5 per cent per annum -- faster than all major economies in the world -- India's consumption growth of fossil fuels would be the largest in the world.
FICCI mourns demise of its former president K K Modi
Modi Enterprises Chairman and former president of FICCI, Krishan Kumar Modi breathed last on Saturday.
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