ficci - Page 2

Industry chambers Assocham, Ficci and MCX-SX favours listing of stock exchanges

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....

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Posted Under: SEBI |

Rajiv Kumar replaces Amit Mitra as FICCI secretary general

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. ...

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Posted Under: SEBI |

Mitra resigns as Ficci Secretary General

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....

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Posted Under: SEBI |

Finance Ministry Initiates Public Debate on Negative list for Taxation of Services

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 untapp...

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Posted Under: SEBI |

Sustainability of Economic Growth and Controlling Inflation- The Way Forward

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 accele...

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Posted Under: SEBI |

India Inc demands review of RBI's rate tightening policy

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 succe...

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Posted Under: SEBI |

FICCI demands Roll back of service tax on AC hospitals

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) ...

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Posted Under: SEBI |

FM Meets Film Industry Delegation as Part of Pre-Budget Consultations

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 ...

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Posted Under: SEBI |

IFRS – Euphoria over certain doom

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...

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Posted Under: SEBI |

300 Companies to adopt IFRS from 1st April 2011

The government will stick to its April 1 deadline for 300 large companies to align their accounts with global financial reporting norms, despite concerns raised by an industry lobby. India will have to honour the commitment made at the G20 summit,...

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Posted Under: SEBI |
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