Category Archives: PHD

Urjit R Patel takes charge as RBI Governor

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Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013. He was re-appointed as Deputy Governor on January 11, 2016 after completion of his first three-year term of office. Among his assignments as Deputy Governor, Dr. Patel chaired the Expert… Read More

Urjit Patel appointed new RBI Governor

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The government has appointed Dr Urjit Patel to replace Shri Raghuram Rajan as the RBI governor. Urjit Patel will take charge on September 4, the day Raghuram Rajan completes his three-year term. Rajan had announced in June that he would step down in September and return to academia after a single three-year term at the RBI. Patel has been known as ‘inflation… Read More

Industrial growth recovers, CPI hits 22-mth high at 5.77% in June

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Showing feeble signs of recovery, industrial production grew by 1.2 per cent in May, but retail inflation touched a 22-month high of 5.77 per cent in June, squeezing headroom for a rate cut by Reserve Bank. Industrial production rebounded from a contraction of 1.35 per cent in the previous month, but growth was subdued at 1.2 per cent in May and mainly due to … Read More

Industrial Growth takes a U-Turn to Rise 1.2%

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Industrial production growth unexpectedly recovered into the positive zone in May after shrinking in the previous month, but the muted growth showed just a tepid recovery. The Index of Industrial Production (IIP) rose1.2% in May from a year earlier, government data released on Tuesday showed. The revised reading for April was -1.3%.
Manufacturing output… Read More

Volatility in financial and currency markets short-lived : PHD Chamber

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While expressing apprehensions regarding the financial markets volatility in the wake of developments in Europe, Dr. Mahesh Gupta, President, PHD Chamber of Commerce and Industry said that volatility in financial and currency markets is short lived as Indian economy is resilient and sustainable on account of its strong macroeconomic fundamentals and… Read More

Indo-US cooperation on Clean Energy in right direction says George N Sibley

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Minister Counsellor for Economic, Environment, Science and Technology Affairs, Embassy of the United States of America, Mr. George N Sibley asserted that the research and development engagements of Indo-US clean energy cooperation has been progressing objectively, making a prophesy that it might lead to invent technologies for storage facilities of… Read More

Easing for FDIs in various sectors to attract chunk of investments: PHD

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President, PHD Chamber of Commerce and Industry, Dr. Mahesh Gupta welcomed Union Cabinet decision, of radical changes in the FDI Policy regime terming it a right move which was long overdue, saying that it will not only boost the  job creation in the economy but also enable India to attract chunk foreign direct investment (FDI).

In a statement issued here … Read More

Business Sustainability and Responsibility Reporting Summit 2016

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The Business Sustainability and Responsibility Reporting Summit, 2016 on June 24-25 at PHD House, New Delhi,hosted by PHD Chamber of Commerce in association with FORE School of Management, New Delhi, to give practical inputs on the need of integrating sustainability and inclusiveness into company’s core business.

In the current financial year, SEBI… Read More

Gelatin Capsules have technical advantage over HPMC Capsules: PHD

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The PHD Chamber of Commerce & Industry has made a representation to the Drug Controller General of India detailing the benefits of using Gelatine capsules over HPMC capsules in medicines.

According to Mr Vivek Seigell, Director, Health Committee, PHD Chamber of Commerce and Industry,  Gelatine capsules have technical advantage over HPMC capsules.… Read More

GST Legislation to be passed by Rajya Sabha

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Additional Secretary, Ministry of Finance, Mr. Ajay Tyagi said that the government of the day was making all out efforts and trying its best to create consensus for the smooth passage of GST and hoped that the upper house of the Parliament would be able to pass the legislation in the forthcoming session of the Parliament.

With this move, the government would be… Read More

INDO-UAE Global Investment Summit – 2016 in Dubai tomorrow

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PHD Chamber of Commerce and Industry in association with Brands Academy will be organizing a day long INDO-UAE Global Investment Summit – 2016 on tomorrow at Dubai to promote bilateral trade between India and Gulf Corporation Council (GCC) in areas such as infrastructure, construction, renewable energy and oil and gas among others.

The Summit will… Read More

PHD Chamber rates ease Of Doing Business at 4.6 of 10 on 2 yrs completion

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Majority of the respondents have rated the improvement in ease of doing business at 4.6/10 in a survey conducted by PHD Chamber on the completion of two years of new Government.

Though the respondents unanimously felt that there has been some improvement in the sentiments for doing business, still there is a long way to go for a visible change to be seen and felt… Read More