Category Archives: PHD

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

Govt. Committed to Transform Food Processing

Food Processing

Minister of State for Food Processing Industries, Sadhvi Niranjan Jyoti on Wednesday assured the industry that the government would do all possible to promote the food processing sector and further incentivize it so that the farmers produce and manufacturer’s hard work is equally rewarded.

Inaugurating the 4th International Conference & Exhibition… Read More

Institution Mechanism necessary to Protect IPRs : PHD Chamber


National Conference on Intellectual Property Rights (IPR) held here under aegis of PHD Chamber of Commerce and Industry has recommended to the government that institutional mechanism is called for protection of IPRs in the absence of which remains the scope of piracy that goes on unabated.

In addition, the Conference also suggested that focus needs to be … Read More

India received largest FDIs from Singapore in Fiscal 2015-16

India received largest FDIs from Singapore in Fiscal 2015-16

India received the maximum FDI inflows from Singapore in fiscal 2015-16 followed by Mauritius, USA, Netherlands and Japan, respectively US $ 13.69 billion, 8.35 billion, 4.19 billion, 2.64 billion and 2.61 billion, according to a report on Foreign Direct Investment in India jointly prepared by PHD Chamber of Commerce and Industry and KPMG.

The report which… Read More

Urjit R Patel takes charge as RBI Governor

Urjit Patel

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

Urjit Patel_indianbureaucracy

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

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 some… Read More

Industrial Growth takes a U-Turn to Rise 1.2%

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


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


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


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 today,… Read More