Fema / RBI : It is my pleasure to speak at FICCI’s National Executive Committee Meeting this year. As many observers have been highlighting, ...
Finance : Many people have articulated about the possible ill-effects of the proposed introduction of IFRS in India but such dissenting voi...
Corporate Law : With the economic reforms that were initiated during the 80s and were further given a new direction in the current decade, the Ind...
Income Tax : The services/activities provided by the American Institute to DRDO pursuant to the agreement entered into between FICCI and the Am...
Income Tax : FICCI has suggested Finance Minister Mr. Arun Jaitley to consider across the board tax rate cuts for businesses and individuals in...
Corporate Law : Indian pharmaceuticals market is expected to touch US$ 55 billion by 2020 from the current level of US$ 36.7 billion in 2016 growi...
Corporate Law : Startup report from FICCI cites learnings from the UK to create successful innovation ecosystem in India. A major report on the v...
Income Tax : In order to reap the long term benefits of demonetisation there is a need to have follow up actions such as providing a boost to d...
Income Tax : For the upcoming Union Budget, banks expect the government to boost consumption demand and investment, by way of reduction in corp...
Income Tax : The services/activities provided by the American Institute to DRDO pursuant to the agreement entered into between FICCI and the Am...
Expressing hope that the Companies Bill, 2009, will be passed by Parliament in 2011, the Corporate Affairs Minister, Veerappa Moily, today said his ministry was ready with the Cabinet note for the legislation. Companies Bill will be passed, if not in this (monsoon) session, (then) definitely in the winter session, Moily told reporters on the sidelines of a FICCI meet here.
Asked by the government for suggestions on a new set of rules for ownership and governance of the stock exchanges, the industry has favoured listing of the bourses.However, there is no unanimity among the industry bodies and the exchanges themselves on how to segregate the regulatory and commercial roles of stock exchanges.
Rajiv Kumar, a well-known economist, has been appointed as the FICCI secretary general, a post vacated by Amit Mitra who has joined the Mamata Banerjee government in West Bengal as finance minister.
Amit Mitra, who is tipped to become the next Finance Minister of West Bengal in the Trinamool Congress-led government, has resigned as Ficci Secretary General. Mitra, 63, emerged as a ‘giant killer’ by defeating CPI(M) veteran and state Finance Minister Asim Dasgupta by a big margin from the Khardah Assembly constituency.
Ministry of Finance has initiated a public debate on the issue of a negative list for taxation of services as announced by the Finance Minister, Shri Pranab Mukherjee in his Budget 2011. The text of the speech is as below-Many experts have argued that it will be desirable to tax services based on a small negative list, so that many untapped sectors are brought into the tax net. Such an approach will be very conducive for a nationwide GST. I propose to initiate an informed public debate on the subject to help us finalise the approach to GST.
It is my pleasure to speak at FICCI’s National Executive Committee Meeting this year. As many observers have been highlighting, after a relatively long phase of benign, growth-friendly macroeconomic conditions, things have begun to look somewhat hostile on the macroeconomic front. The most significant manifestation of this is the acceleration of inflation, a trend that was visible even before the impact of the financial crisis was felt in late 2008, but which very quickly and strongly re-emerged as the economy began to recover in the second half of 2009-10. Despite significant actions on both policy rates and liquidity by the Reserve Bank, inflation remains high, giving rise to some very fundamental questions: is this high rate of inflation, previously believed to be unacceptable, now the new normal? Is it an unavoidable price to pay for sustaining the current growth trend? Or, will it actually work to undermine the sustainability of the current trend?
Leading India Inc representatives today made a strong plea to the Reserve Bank to review its rate tightening policy, saying the high cost of credit is having an adverse impact on growth. Quoting a recent study, industry body FICCI’s Vice-President and HSBC’s Country Head, Naina Lal Kidwai, said a majority of firms feel inflation and successive rate hikes in the key monetary variables “have started having a bearing on the industry’s performance.”
Expressing disappointment over the proposal to levy five percent service tax on treatment at air-conditioned private hospitals, a leading industry lobby has asked Finance Minister Pranab Mukherjee to roll it back and extend infrastructure status to the healthcare sector. The Federation of Indian Chambers of Commerce and Industry (FICCI) has contended that the proposal will impact the quality and safety measures, as today air-conditioning is an essential need and not a luxury in any hospital.
Union Finance Minister Shri Pranab Mukherjee met here today the film industry delegation who were accompanying the Minister of Information and Broadcasting Ms. Ambika Soni as part of his pre-Budget consultations. The delegation consisted of about 20
Many people have articulated about the possible ill-effects of the proposed introduction of IFRS in India but such dissenting voices are muffled in the said euphoric din by those who neither understand nor bother to understand the implications. IFRS
