Category Archives: FICCI

4.2 to 5.4 million jobs to be lost by 2022 due to counterfeiting and piracy worldwide

FICCI-KPMG

A FICCI-KPMG report namely Illicit Trade: Fueling Terror Financing and Organised Crime is a product of a FICCI initiative, namely the Committee Against Smuggling and Counterfeiting Activities Destroying the Economy [CASCADE]. The report was launched today at the FICCI conference, MASCRADE 2017(Movement Against Smuggling and Counterfeit Trade). The… Read More

India Sanitation Coalition gets top Corporate category award under Swachh Bharat Mission

Swachh Bharat Mission

On the Occasion of the third anniversary celebration of the Swachh Bharat Mission, at the Vigyan Bhawan in New Delhi today India Sanitation Coalition ( ISC ) was awarded the top award in the Corporate category for its contribution towards the Swachh Bharat Mission by the Ministry of Drinking Water and Sanitation.
The award was received by Ms. Naina Lal Kidwai,… Read More

GST was a transformative economic initiative Only teething troubles require redressal

GST Collection

“While it is understandable that in a democracy any one can criticise the Government of the day, a distinction should be made between political criticism and grievances of trade and industry.
FICCI has whole heartedly welcomed the introduction of a Goods & Services Tax (GST) – a revolutionary fiscal initiative taken unanimously by the Central Government… Read More

Institutional Participation in Indian commodity derivatives market should inspire hedging interest

SEBI

Mr. S K Mohanty, Executive Director, SEBI called upon big corporate houses to hedge on domestic exchanges in light of the upcoming institutional participation instead of participating in overseas exchanges. Mr. Mohanty was speaking at FICCI’s Conference on Institutional Participation in Commodity Derivatives Market organised here today.
Mr.… Read More

Equitable access to assets, technology, infrastructure and training vital for economic empowerment of women

FICCI

Women’s economic empowerment needs to be addressed holistically to ensure that they have equitable access to assets, technology, infrastructure, tailor-made training and constant back up support, said Mrs. Fazila Jeewa-Daureeawo, Minister for Gender Equality, Child Development and Family Welfare (Mauritius), while addressing the Indian Ocean… Read More

Sanjaya Baru takes charge as Secretary General | FICCI

Sanjaya Baru

Shri Sanjaya Baru, who has been Media Adviser to former PM Manmohan Singh, has taken charge as new Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI), vice Shri A Didar Singh.

Dr. Sanjaya Baru has been a Non-Executive Independent Director of Wockhardt Ltd. since April 2012. Dr. Baru holds PhD and Masters Degree in economics… Read More

Sanjaya Baru appointed Secretary General | FICCI

Sanjaya Baru

Shri Sanjaya Baru, who was media adviser to former Prime Minister Manmohan Singh, has been named new Secretary General of the Federation of Indian Chambers of Commerce and Industry (Ficci).Shri Baru will assume the charge from September 1, Ficci President Pankaj Patel said in a statement. He will replace A Didar Singh.

The Ficci committee “has decided… Read More

FICCI assures full support for smooth GST rollout in Northeast

FICCI

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

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

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

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

FICCI

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