Category Archives: FICCI

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

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