Category Archives: FICCI

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 Rim… 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

Party time may come to end on auto fuel prices-indianbureaucracy
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

FICCI_logo_indianbureaucracy-e1451994343881
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_

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

FICCI comments on advance estimates of GDP

GDP

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 to … Read More

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

FICCI

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