Page 2 - Ficci

Sebi streamlines minimum information rules for RPTs from September

From September 1, companies must provide detailed certificates, valuations and disclosures to audit committees and shareholders for related party transactions

Sebi chief seeks feedback from industry on easing regulatory norms

Sebi Chairman Tuhin Kanta Pandey held discussions with over 50 MDs and CEOs to gather feedback on easing business norms and enhancing capital market efficiency

Income Tax Bill: Lok Sabha panel weighs expanding 'accountant' definition

The Institute of Chartered Accountants of India (ICAI), which briefed the panel at its first meeting on March 6, has opposed any changes to the definition

60-plus LVM-3 rockets to be built with private sector's help: INSPACe chief

INSPACe has the mandate for promotion of the private space industry and also to authorise activities of non-government entities in the sector

Ficci, Assocham demand input tax credit for real estate under CGST

Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC) under the Central Goods and Services Act (CGST) on commercial assets constructed for leasing purposes. The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where the immovable property is constructed for the provision of leasing services. They have argued that the potential revenue impact would not be high by allowing ITC and instead, this would help maintain the credit chain, besides spurring growth in the real estate sector and the overall economy. The representations come in the backdrop of a recent Budget proposal relating to a retrospective amendment to the CGST law, which experts feel will override the Supreme Court ruling related to the ITC claim on leased assets. Market consultants are of the view that this move is likely to adversely impact real estate companies seeking input tax cred

CM Mamata meets representatives of FICCI, CII, biz tycoons ahead of BGBS

West Bengal Chief Minister Mamata Banerjee attended a meeting with representatives from FICCI, CII, and industry leaders on Wednesday, ahead of the 8th edition of the two-day Bengal Global Business Summit (BGBS), which begins this afternoon. The two-day summit, set to take place from February 5 in Kolkata, is a key event for promoting investment in the state. Banerjee shared on Facebook, "Our much-awaited Bengal Global Business Summit is having its preludes in the Special Meeting of the National Executive Committees of the Apex Chambers of Commerce and Industry, CII and FICCI. I joined them briefly to encourage investments in West Bengal from our national industry magnates. Bengal the destination!!." The chief minister on Tuesday night in a social media post had also mentioned that over 5,000 delegates, including representatives from 40 countries, have already started arriving in Kolkata. Additionally, 20 ambassadors and high commissioners are attending to represent their respectiv

HomeExchange to launch in India with the lowest membership cost globally

Will integrate 5,000 Indian homes to network with lowest membership cost worldwide

Income Tax dept not an adversarial entity, but participative: CBDT chief

CBDT chairman Ravi Agrawal said the tax administration is committed to 'fostering stability and simplifying business operations' in India

People from 11 nations to discuss biz strategy at Maritime India Conference

Union Minister for Ports, Shipping & Waterways Sarbananda Sonowal will address the event, organiser FICCI said in a statement

Indian economy likely to grow between 6.5-6.9% in FY26, says Ficci

On the investment front, the government's focus on capital expenditure is expected to remain a key growth driver in 2025-26

Ficci lowers India's growth projection from 7% to 6.4% for current FY

Industry body FICCI on Thursday lowered India's growth projection for the current financial year to 6.4 per cent from 7 per cent estimated earlier. According to FICCI's Economic Outlook Survey, the revised projection is in line with the broad expectations and reflect a notable slowdown vis--vis 8.2 per cent GDP growth recorded in 2023-24. "...FICCI's Economic Outlook Survey projects an annual median GDP growth forecast of 6.4 per cent for 2024-25. The forecast in the current survey marks a moderation from 7.0 per cent estimate (for 2024-25) put out in the previous round conducted during the month of September last year," it said. The survey was conducted in December 2024 and drew responses from leading economists representing industry, banking and financial services sector. The participating economists observed global economy in 2025 to present a reasonable growth trajectory, with an underlying note of caution. Sharing their perspective on the expected impact of US President Donal

Working on replicating trusted source product rules for power sector: NCSC

The government is working on trusted source product rules for equipment used in the power sector, after implementing it for telecom networks, National Cyber Security Coordinator (NCSC) M U Nair said on Thursday. Speaking at a cyber security conference of industry chamber FICCI, Nair said the implementation of the National Security Directive on Telecommunication Sector (NSDTS) in 2021 has made telecom networks, which is the backbone of entire public digital infrastructure, safe. "I'm sure you would have seen that the US is having a lot of problems with telecom networks. Since 2021, our telecom networks are fairly protected from cyber security vulnerabilities because they have addressed this issue of supply chain. Now should it be replicated in other ministries? This is something which the government is working on with Ministry of Power, because our energy grids need to be protected," Nair said. The rollout of NSDTS has led to virtual ban on purchase of equipment from Chinese ...

Raise import duty on petchem to protect domestic industry: Ficci asks govt

Fearing that countries like China may take advantage of low import duty to dump petrochemical products in India, a top trade body has sent an SOS to the government seeking hike in customs duty to protect the domestic industry and jobs. The Petrochemicals and Plastic Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) has written to Ministry of Chemicals and Fertilizers seeking hike in customs or import duty on polypropylene and polyethylene - vastly used in automobiles, packaging, agriculture, electronics and medical devices as well as in construction - from 7.5 per cent to 12.5 per cent. India is short on petrochemicals. Taking into account the capacity additions announced so far, the projected deficit of polypropylene and polyethylene is likely to reach 12 million tonne per annum or USD 12 billion at current price levels by 2030. While the domestic Indian producers are caught in the cyclical nature of the business, China is scaling up petrochemicals ...

Ficci FLO's annual meet hosts 350 women entrepreneurs in Northeast region

About 350 businesswomen and entrepreneurs from across the country are taking part in a four-day interstate meet of FICCI Ladies Organisation (FLO), being hosted by FLO's North-East chapter in Guwahati and Shillong for the first time. The meet, titled 'Mystical NorthEast', got underway here on Thursday, a statement said. The interstate meet of the women wing of the Federation of Indian Chambers of Commerce and Industry (FICCIFLO) is an annual event organised by the different chapters of the organisation in various parts of the country. FLO has 20 chapters across India. The first two days of the ongoing meet are being held in Guwahati and the remaining two days in Shillong. The meet includes an amalgamation of intellectually stimulating discussions, entertainment and networking and also a blend of learning sessions. A major highlight of the meet is an exhibition 'FLO Bazar' showcasing local art, handloom, weaves and traditional culture, the statement said. "The Interstate Meet is a

RBI has a tough balancing act to do: Ficci's Harsha Vardhan Agarwal

Agarwal expresses confidence of pick up in private capex and opportunities arising out of US president-elect Donald Trump's tariff war

Green shoots seen on consumption, food inflation likely to fall: Ficci Prez

"Green shoots" are visible on the consumption front as food inflation has started receding, newly appointed FICCI President Harsha V Agarwal said. Food inflation is expected to come down to its normal level in the next two quarters, Agarwal said, adding that he is hopeful for a revival in consumption growth, aided by a good crop and increased spending by the government on the big-ticket infra projects and rural schemes in the December quarter. Government spending in the right areas -- like increase in capex and ramping up infrastructure, rather than focusing on revenue expenditure -- is helping the overall economy, he said. "We are seeing some green shoots where we believe food inflation is coming down... it has to come back to normal. It might take maybe one quarter or so. But we are seeing situations where it is improving, and hence we are hopeful that consumption should increase," Agarwal told PTI. Government spending in the September quarter was low due to the general elections

Emami MD & VC Harsha Vardhan Agarwal takes over as Ficci President

Harsha Vardhan Agarwal, Vice-Chairman and Managing Director of Emami Ltd, on Thursday took over as Ficci President for 2024-2025. At the industry chamber's 97th annual convention in the national capital, he took over from Anish Shah. In a statement, Ficci said Anant Goenka, Vice-Chairman of RPG Group, has been elevated to senior Vice-President of the chamber and Vijay Sankar, Chairman of The Sanmar Group, has joined the Ficci leadership as Vice-President. Harsha Vardhan Agarwal is a second-generation leader of the USD 3.1-billion diversified business conglomerate Emami Group. With his extensive multi-functional knowledge and experience, Agarwal spearheads the FMCG business of the Group -- Emami Ltd as its Vice-Chairman and Managing Director.

Ficci seeks PLI 2.0, tariff review to boost electric vehicle growth

For instance, eligibility for the auto original equipment manufacturer (OEM) PLI requires global group revenues of at least Rs 10,000 crore and investments in fixed assets of Rs 3,000 crore

Goyal urges industry to raise quality standards, appoint representatives

Calls on industry leaders to partner government in easing compliance and decriminalising biz laws

Visionary, an inspiration: India Inc mourns demise of nation's Ratan

Ratan Tata was at the helm of the widely known Tata Group for 21 years between 1991 and 2012, and under him, the group's profits rose by 50 times