Industry Body

In a representation to Sebi earlier this month, the chamber has recommended a "single window system" or "one-time settlement scheme" for small companies wishing to regularize their functionality on CSE.

Industry body seeks revival of credit linked subsidy scheme for micro and small units

The scheme provided an upfront capital subsidy of 15 per cent subject to a maximum amount of Rs 15 lakh on institutional finance availed by the enterprises for induction of well-established and improved technology in the specified 51 sub-sectors/products. It was valid till 2019-20 and was discontinued thereafter.

Industry body clarifies what happens when crypto derivatives crash

The International Swaps and Derivatives Association (ISDA) published guidance for trading digital asset derivatives to clarify what happens when things go wrong in an underlying market, such as the collapse of crypto exchange FTX.

Bajaj Finserv Chairman and MD Sanjiv Bajaj elected as new CII president

Industry lobby new office bearers for 2022-23 have Pawan Munjal as President-Designate and R Dinesh as Vice President.

China vehicle sales fall 9.4% in October: Industry body

Overall sales in the world’s biggest car market were 2.33 million vehicles in October, data from the China Association of Automobile Manufacturers (CAAM) showed.

Bank strike may hit transactions over Rs 1 lakh cr: Assocham

"The all India bank strike might also impact deployment of gross bank credit worth up to Rs 1,600 crore," said DS Rawat, Secretary General of Assocham.

Amfi asks govt to introduce retirement plan linked to MFs

The 401k plans are very popular in the US and act as additional retirement savings for citizens beyond pension plans provided by the government and their employers. Along with tax benefits, these plans are also known to provide good returns to their investors.

LIC bucks demonetisation blues, new biz growth doubles in Nov

Data from the Life Insurance Council, the industry body for the life insurance companies, showed LIC‘s new premiums saw a 140 percent jump on a year-on-year basis with the insurer collecting Rs 12,528.07 crore as new premium.

Ease cash withdrawal limits for fleet operators: Assocham

Assocham observed that "the note ban has come as a bottleneck to the transport business".

Assocham urges govt to address steel sector's core issues

"A comprehensive package for steel sector should be unveiled encompassing special financing arm for providing capital for expansion of capacities, easy extension of working capital loans, long-term policy on freight tariffs and augmenting transportation infrastructure capacity to meet needs of steel production," it said in a statement.

Industry body pitches for reform to achieve over 7.6% growth

Industry body PHD Chamber of Commerce and Industry today pitched for major reforms such as land, labour, capital and entrepreneurship for India to achieve economic growth exceeding 7.6 percent per annum.

GST rate on processed foods should be low or zero: CII

There should be a parity in taxes between processed and unprocessed food products, otherwise the very benefit of processed foods will not reach the consumers because of the price difference, it said.

Steel QC Order protects consumer interest: ISSDA

ISSDA's response assumes significance as other industry bodies like Metal and Stainless Steel Merchant's Association, All India Stainless Steel Industries Association and Process Plant & Machinery Association of India (PPMAI) have alleged that the QC Order has been implemented without discussions with end users.

Looking forward to GST becoming a reality: Ficci

The government has circulated official amendments to the GST bill to drop 1 percent additional tax and include a definite provision in the statute for compensating states for revenue loss for 5 years as it gears up to discuss the long-pending bill in Rajya Sabha today.

Sugar futures remain weak on ample stocks

At the National Commodity and Derivatives Exchange, sugar for delivery in July declined by Rs 9 or 0.25 per cent to Rs 3,622 per quintal with an open interest of 35,790 lots.

Sugar exports unviable after imposition of 20% duty: ISMA

The government yesterday imposed a 20 percent export duty on sugar to curb outbound shipments, which had become viable after a sharp rise in global prices over a past few months.

Sugar exports up at 1.6 MT so far in 2015-16 season

According to trade sources, sugar exports have become viable now as global prices have increased by about 50 percent in the last three months due to disruption in supply from Brazil.

Textile sector seeks govt support to boost exports

"Some of the issues relating to exports such as cost of funds and adverse impact of preferential access given to competing countries need to be addressed on a war footing," Textile Export Promotion Council (Texprocil) Chairman R K Dalmia said in a statement here.

Domestic cotton output to be 341 lakh bales in 2015-16: CAI

The Cotton Association of India (CAI) has placed its March estimate of the cotton crop for the 2015-16 season at 341 lakh bales (170 kgs each).

Few mega industries may shut units in Goa: GCCI

GCCI had earlier pointed out to the unhealthy environment for industrial growth in the state, claiming in the last couple of years, a large number of industrial units have closed down.

Mills to sell 1 mn tonnes more sugar as exports head for China

"One million tonnes have been contracted and another one million tonnes will be contracted," Tarun Sawhney, president of the Indian Sugar Mills Association told a conference in Dubai.

Industry body lowers sugar output estimate to 26 mt in 2015-16

Sugar production of India, the world's second-largest producer after Brazil, stood at 28.3 million tonnes in 2014-15 marketing year (October-September).

COAI raises concern over Trai proposal on spectrum cap

COAI said that as suggested by Trai, spectrum caps are designed and enforced to prevent spectrum concentrations in one or two operators.

Real estate developers appeal for rational regulation

Large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects.

FDI row: Improve sentiments to attract investors, says CII

Putting an end to the political logjam over the recent decision to allow FDI in retail, the government finally decided to holdback retail FDI. Industry body CII said that the decision to hold back FDI in retail will have a strong impact on investor sentiment.