Tag Archives: Federation of Indian Chambers of Commerce & Industry (FICCI )

India and Egypt vow to step up trade ties

India-Egypt
India and Egypt on vowed to take their economic and trade ties to the next level. Both countries have set a bilateral trade target of $8 billion in the near future from the current $3 billion.
During a bilateral meeting between Prime Minister Narendra Modi and Egyptian President Abdel Fattah al-Sisi, who is a three-day visit here both leaders noted the importance… Read More

Crunch time for Indian Music says KPMG and FICCI report !

FICCI
Examining data about the music business does not come easy either to the practitioner of music or to music lovers and consumers. But if one were to make the effort, there would be no dearth of surprises. For example, did you know that India is currently ranked 20th among the world’s biggest music markets in terms of value? And that it stands a good chance of moving… Read More

Govt hopes to receive Parliament’s assent to Consumer Protection Bill in next session

FICCI
The Consumer Protection Bill, 2015 that seeks to amend the archaic Consumer Protection Act, is expected to be passed in the next session of Parliament. This was indicated here by Mr. Ram Vilas Paswan, Union Minister for Consumer Affairs, Food and Public Distribution while inaugurating the sixth edition Massmerize 2016, FICCI’s annual flagship Retail,… Read More

Ram Vilas Paswan assures that Retail prices of pulses will fall soon !

FICCI
Food and consumer affairs minister Ram Vilas Paswan said that wholesale prices of pulses are falling and consumers may also get to benefit soon. He said the government will step in to start procuring pulses from farmers in cases where the prices are being quoted below the minimum support price, beginning with moong.
“Due to the government’s efforts,… Read More

Facebook to be Bigger Media than TV ?

Facebook,
A combination of policy, technology and new consumers is set to transform the $65-billion FMCG industry that needs to rethink its business models, PepsiCo India chairman D Shivakumar has said.
While the goods and services tax (GST) will enable scale manufacturing and distribution and better consumer prices, most innovation in FMCG will have to be focused… Read More

Manufacturing growth outlook rises

FICCI
Expectations of growth in the manufacturing sector improved marginally in July-September, fuelled by hopes of higher exports, according to a survey by FICCI.
The quarterly manufacturing survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday revealed the proportion of respondents expecting higher growth during July-September… Read More

46 e-firms ignore Government Mails on buyers’ complaints

FICCI
The consumer affairs ministry has shared with the commerce ministry a list of 46 e-commerce companies, which did not respond to mails sent to them for redressal of consumer grievances. Officials said they would come out with rules and regulations for the e-commerce industry once the Consumer Protection Bill is passed.
“We can easily imagine what the… Read More

Exports boost Indian factory output in Q2

FICCI
Manufacturing is expected to pick pace in the country in the second quarter buoyed by increase in exports and improved domestic demand, according to a survey done by apex industry chamber FICCI. “FICCI’s latest quarterly survey on manufacturing suggests a mild improvement in manufacturing sector’s growth in the ongoing second quarter of the fiscal, with… Read More

FICCI survey finds manufacturing looking up !

FICCI
FICCI’s latest quarterly survey on manufacturing indicates improved outlook for the sector in the second quarter of financial year 2016-17 (July-September) buoyed by the improved outlook for exports.
The survey had earlier indicated a slowdown for the first quarter of 2016-17, which seems to be waning. The proportion of respondents expecting higher… Read More

Realty law to cut Litigation and ensure timely project delivery

FICCI

The new law to regulate realty sector will bring transparency in the property market and reduce litigation while ensuring timely delivery of projects and eliminating fly-by-night operators, says a survey.

The FICCI-Grant Thornton survey report recommended that the compliance of this Act should not become one more layer of approvals to be obtained and rather… Read More

FICCI honours Arunima Sinha and offers Lifetime Membership to P V Sindhu

FICCI

FICCI Ladies Organisation (FLO) felicitated Ms. Arunima Sinha, the first female amputee to climb Mount Everest, besides offering lifetime membership to badminton star and Rio Olympics silver medallist Ms. P V Sindhu.

“Arunima Sinha is world s first female amputee climb to Mt. Everest, Mt. Kilimanjaro, Mt. Elbrus and many others,” said FLO President Bimbhet.… Read More