Category Archives: FICCI

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

Businesses optimistic about growth prospects, FICCI

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The Overall Business Confidence Index (OBCI) rose to a six-quarter high… Read More

Music streaming apps turn to podcasts, video content

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Last month, music streaming service Gaana partnered with Radio Mirchi 98.3 FM to offer two of the latter’s famous radio shows, Mirchi Murga and Hansi ke Phuwarey, on its online platform. Radio Mirchi is the FM service operated by Bennett, Coleman & Co. Ltd (BCCL)-owned radio broadcasting unit Entertainment Network India Ltd. BCCL also owns Gaana through… Read More

GST to be less regressive with lower band at 5%

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A zero tax on daily necessities and a lower rate of 5% for items of mass consumption will make the new Goods and Services Tax regime, to be rolled out from April next year, less regressive, tax experts said.
The four rate structure of 5%, 12%, 18% and 28% is on expected lines, they said.
While the goods will have a multiple rate structure, no clarity is provided on rates… Read More

India Inc believes eco faring better, credit an issue

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India Inc is optimistic about its business prospects with a majority of firms saying current economic conditions are ‘moderately to substantially better’ compared to the last six months, even as cost and availability of credit remain a concern, according to a report. The Overall Business Confidence Index (OBCI) rose to a six quarter high in the Business… Read More

FICCI Business Confidence Survey

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The Overall Business Confidence Index, released on Wednesday, rose to a six quarter high in the Business Confidence Survey conducted by FICCI. The index value stood at 67.3 in the current round as against 62.8 in the last poll. About 63% of the respondents reported current economic conditions as “moderately to substantially better” compared to the past… Read More

India Inc welcomes 4 tier GST rates

Kolkata:Union Finance Minister Arun Jailtey meets the press during Assembly Election at Press Club in Kolkata on Sunday.PTI Photo by Ashok Bhaumik(PTI4_10_2016_000147B)
India Inc, which will possibly benefit the most from the introduction of Goods and Services Tax, welcomed the rapid progress on this key reform even as it pointed out certain shortcomings that it hoped would be addressed over a period of time.
Industry has called for a centralised registration system under GST, while flagging concerns around the burden of complexity… Read More

Bring GST rates gradually down

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India Inc today suggested to the government to gradually come down to “one or two” rates of the Goods and Services Tax (GST). “GST rates structure can be absolute limit of four rates as suggested by the government, and over time, the Government should commit to converge to one or two rates,” CII said in a statement.
It is also important… Read More

Centre open to conducive telecom policy, spectrum reform

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The Centre is open to framing “more conducive” telecom policies to suit business needs of offering quality service to consumers, and will soon usher in reforms in providing easy access to quality back-end spectrum required for transmitting mobile signals.

“Our efforts will continue in making conducive and progressive policies and creating a business-friendly… Read More

DoT to work on new telecom policy

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Telecom Secretary J S Deepak said that his department will start working on a new telecom policy from 2017 with focus on the growth of the sector as well as to meet requirements of next generation technologies.
Participating in the Indian Telecom 2016 event organised jointly by Department of Telecom and FICCI here, he said that the government will start working… Read More

Andhra, Telengana on top but investments paint a different picture

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Andhra Pradesh and Telangana shared the first slot and Gujarat came second in the list of states in implementing reforms under the Centre’s ease of doing business initiative in the latest review period, according to the ranking released on Monday by the World Bank and the department of industrial policy and promotion (DIPP).
NDA-ruled states occupied as… Read More

FICCI comments Govt decision on currency notes

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Commenting on the decision of the government as announced by the Honourable Prime Minister to suspend the legal tender status of notes of Rs. 500 and Rs. 1000 and to introduce new currency notes, Mr. Harshavardhan Neotia, President, FICCI said “This is an extremely bold move by the Prime Minister and will have a debilitating impact on the parallel economy … Read More