Category Archives: FICCI

FICCI assures full support for smooth GST rollout in Northeast

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The President of Federation of Indian Chambers of Commerce and Industry (FICCI), Shri Pankaj R. Patel met Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh and assured him of full support from FICCI for the smooth rollout… Read More

Fuel prices drive up retail inflation

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India’s retail inflation quickened to a five month high of 3.85% in March on the back of higher fuel prices, erasing any hope of a rate cut by the central bank in the near future. Factory output surprisingly contracted 1.2% in February leaving economists perplexed.
Retail fuel inflation accelerated to 5.56% in March from 3.9% in the previous month even as food… Read More

Double Trouble for Economy

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Industrial growth contracted unexpectedly in February while consumer inflation quickened to a five-month high in March, a double setback for the Indian economy as it enters the new financial year.
Industrial production shrank 1.2% in February against a 3.3% rise in January, data released by the statistics office showed. Consumer inflation accelerated… Read More

Restrict Corporate Tax at 25% from 2017-18, PHD to FM

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PHD Chamber of Commerce and Industry has urged the Union Finance Minister to restrict corporate tax at 25% with cesses and surcharges and increase the rebate on interest paid on housing loan by 1.5 lakh from fiscal 2017-18 with a special provision in the forthcoming Budget through which lending to MSMEs by NBFCs could be brought in priority sector.

Submitting… Read More

FICCI comments on IIP Data of November 2016

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The IIP data announced today which shows an upsurge in manufacturing in the month of November’16 is in line with FICCI Manufacturing Survey which had projected better outlook for manufacturing in the said time period. It is heartening to note that the growth is broad based & signals a positive jump in the manufacturing production, said Mr. Pankaj Patel,… Read More

FICCI comments on advance estimates of GDP

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The advance estimates for GDP as well as GVA growth for FY17 released today are in line with the estimates of the RBI, pointing towards slow growth ” said Mr. Pankaj Patel, President, FICCI. “The data on gross fixed capital formation corroborates the weakness in investment activity. We hope that the recent cut in lending rates by banks and the impetus given… Read More

FICCI Delegation with Power Minister visits Masdar Smart City in Abu Dhabi

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FICCI is leading a high-level Business Delegation accompanying Mr. Piyush Goyal, Minister of Power, Coal, New & Renewable Energy & Mines to the World Future Energy Summit at Abu Dhabi during 15-18 January 2017. As a part of the Minister’s visit to participate in 7th International Renewable Energy Agency (IRENA) Assembly Meeting and the World… Read More

FICCI comments on WPI data – Dec 2016

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“Latest data released for the month of December 2016 reports wholesale based inflation rate edging up marginally on the back of increase in prices of fuel & power and manufactured products segments. However, food prices continue to remain on a downtrend having a salutary impact on the overall inflation rate. In particular, prices of vegetable, fruits… Read More

FICCI accorded observer status in IOM, UN Migration Agency

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: Members of the International Organisation for Migration (IOM) Council, at its 107th Session held in Geneva, granted the Federation of Indian Chambers of Commerce and Industry (FICCI) observer status to the IOM Council. On the 13th of December 2013, the International Organisation for Migration and the Federation of Indian Chambers of Commerce and Industry… Read More

Solar Story of India is very much Desirable

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India was the country of focus this time at the World Future Energy Summit, concluded last evening in Abu Dhabi. India specific sessions titled ‘India’s Renewable Energy Ambition’, ‘India: Solar and Wind project overview’ and ‘Financing India’s Renewable Energy Strategy’ were organized on Day 2 of the summit. While moderating… Read More

Indian Industry is very optimistic about the future of India-US relations under the incoming new US administration.

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FICCI welcomes Mr Donald J Trump as the 45th President of United States. Indian Industry is very optimistic about the incoming administration under President Trump and future of India-US relations under the incoming new US administration. The optimism about President Trump stems from the fact that he promises major tax cuts and reforms, which may instil … Read More

Businesses optimistic about growth prospects, FICCI

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Indian businesses are hopeful about the present as well as future growth prospects with a growing number, in a recent study, citing a ‘moderately to substantially better’ performance currently compared to the last six months at all the three levels – economy, industry and firm.
The Overall Business Confidence Index (OBCI) rose to a six-quarter high… Read More