"This was the long-standing demand of Indian industry and is essential to promote domestic manufacturing growth. This is a legitimate tool under our multilateral commitments and with number of major government initiatives this can be leveraged to promote value addition, create employment and give a much needed boost to the manufacturing," Ficci Secretary General A Didar Singh said.
Goyal, who is leading a high-level business delegation on a two-day visit to Vienna, was addressing India-Austria Business Forum, organised by industry body FICCI in collaboration with the Embassy of India in Vienna and Austrian Economic Chambers.
Speaking at a FICCI conference, Petroleum Secretary K D Tripathi justified the government, and not PNGRB, issuing an authorisation to state-owned GAIL for laying a natural gas pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal to take the environment friendly fuel to cities like Varanasi - the constituency of Prime Minister Narendra Modi.
A joint working group comprising top functionaries of Niti Aayog and Uttar Pradesh government was formed yesterday to prepare a road-map in next 15 days for the state's overall development.
The Reserve Bank of India (RBI) has proposed private capital raising, non-core asset sales, mergers, tough prompt corrective action and government stake sale to deal with weak public sector banks.
The declaration was signed between the Department of Science and Technology and Ministry of Economic Development of the Russian Federation on the sidelines of the Global R&D Summit 2017.
New entrant Jio has initiated a price war leading to prices for data plans – including for 4G -- falling in a big way. This has led to a shift in the way people consume data.
The institute, a body representing interests of legal cigarette makers such as ITC, Godfrey Philips and VST, also said the government must also consider the plight of distressed tobacco farmers.
Turning single-screen cinemas into digital multiplexes and curbing online piracy will rid the Indian film industry of its low-revenue bane, a government official said.
The industry is still sensing a hint of uncertainty on the economic growth front even though the industrial output rose 2.7 per cent in January and urged the government to pursue reforms to stimulate investments.
India's skilled manpower and Finland's high-end tech prowess should be leveraged under the 'Make in India' initiative for an efficient and cost-effective business framework, Power Minister Piyush Goyal said today.
Insurance regulator Irdai today said an increase in the third-party motor premium is inevitable next financial year to take care of the health of the service providers.
SMB Heroes, launched in partnership with FICCI, will comprise three categories - business innovation, impacting change and woman business leader. Businesses can submit their nominations on the SMB Heroes website until April 24.
A nation-wide programme 'SMB Heroes' will comprise three categories -- Business Innovation through Digital, Impacting Change through Digital and Woman Business Leader, Kevin O'Kane, Managing Director, Google Marketing Solutions- Asia Pacific, told reporters here.
Only highly skilled jobs requiring significant creativity and analytical thinking such as in data science and analytics, architecture, and media and entertainment will reportedly remain for humans by 2030, said a FICCI-EY report.
Reserve Bank Deputy Governor R Gandhi today raised concerns over virtual currencies such as Bitcoin and said they pose potential financial, legal, customer protection and security-related risks.
With the GDP growing by 7 percent in the third quarter, India Inc said the economy is getting back on track yet reforms are needed to revive investments and push demand hit by note ban.
The demonetisation drive, announced by prime minister Narendra Modi on November 8, 2016, was a major disruption for the real estate market and pulled stakeholders‘ sentiments for Q4 2016 to a new low – R
The real estate sentiment fell to a three-year low in the October-December period, indicating pessimism among developers and financial institutions which reeled under the demonetisation pressure, says a report.
"The issue of trade deficit between India and China needs to be addressed and therefore, promoting business, trade and investment is necessary between the two countries," Liu Jinsong, Minister Counsellor, Embassy of China in India said.
Mobility of Indian professionals would be key to boost India-UK ties in a post-Brexit scenario, according to the country's top envoy here.
Startups in India face numerous challenges at different stages in terms of incorporation, fund raising and hiring and they need adequate support to tide over these difficulties and minimise failures, says a report.
According to the Memorandum of Understandings signed between Rwanda and India, Rwanda Air will soon begin services to India, and the two countries will mutually exempt visa requirements for diplomatic and official passport holders.