Page 4 - Ficci

Industry bodies ask SC to defer release of electoral bond numbers

The apex court said that the industry bodies could not be given any precedence over other applicants and their plea was not listed for the hearing

Medium of exchange

Digital media presents both opportunities and risks

Newspaper biz growing after 5 years, how publishers will use this bounty?

Indian newspapers are in better shape than their American or European counterparts because home delivery and reading habit ensures that circulation doesn't plummet the way it has in the US or Europe

Digital to overtake TV in revenues by the end of 2024: FICCI-EY report

The media sector is expected to grow by 10.2% to reach Rs 2.55 trillion by 2024

Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Next gen reforms to top third-term agenda, says FM Nirmala Sitharaman

Sitharaman said that among other areas of focus, the government is also going to ramp up investment in the logistics sector which has immense untapped potential along with tourism

Digital infrastructure is a modern day factor of production: FM Sitharaman

Sitharaman was speaking at the National Conclave on Viksit Bharat 2047 organised by the Federation of Indian Chambers of Commerce and Industry (FICCI)

Things have changed from UPA to UPI, says Anurag Thakur at FICCI event

India will become a developed nation much before 2047 through initiatives of the government and contributions from all quarters, including the industry, Union Information and Broadcasting Minister Anurag Thakur said here on Tuesday. Addressing the Viksit Bharat @ 2047 conclave organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), Thakur said India moved from being counted among the fragile five economies in the world to the top five due to the bold policies and decisions taken by Prime Minister Narendra Modi. The senior BJP leader said the prime minister was empowered to make tough decisions because of the clear mandate he received in the elections. "If you look back at 2014, we were among the fragile five economies of the world. There were corruption cases. There were many other issues faced by a lot of people where the delivery was a big challenge. From a lost decade to 'techade', how this journey has been from the time of UPA to the time of UPI, I think

Manufacturing sentiment remains upbeat in Q3, Q4 for FY24: Ficci survey

The survey found that 85 per cent of respondents in the current fourth quarter of the financial year 2023-24 are expecting a higher number of orders compared to 73 per cent in the previous quarter

Ficci, corporates hail Budget, say its continuum towards 'Viksit Bharat'

Federation of Indian Chambers of Commerce and Industry (FICCI) President Dr Anish Shah has termed the Intermin Budget 2024-25 as a clear and outcome-based continuum towards Viksit Bharat."The Interim Budget is a clear and outcome-based continuum towards Viksit Bharat. It brings together growth, climate, and social empowerment while maintaining a careful balance between current investment rate and fiscal discipline," said Anish Shah."Enabling States to adopt reforms for Viksit Bharat will seize the momentum created from the Centre towards Amrit Kaal. Focus on Blue Economy, expanding and strengthening the EV ecosystem, domestic tourism, and multi-modal logistics will propel India towards the vision of a developed nation by 2047," he said."The Interim Budget recognizes innovation as a key driver for growth through the introduction of a significant corpus of Rs 1 lakh crore for offering a fifty-year interest-free loan to scale up R & D in sunrise domains. The fiscal performance bodes .

Interim Budget: Come Feb 1, industry bodies stand behind capex boost

Earlier, the Finance Act 2021 had extended the sunset date under the concessional tax regime of Section 115 BAB by only one year to 31 March 2024

Govt finalises draft guidelines to prevent cos from false pro-green claims

The government has finalised draft guidelines to prevent 'greenwashing' or false pro-environment claims being made by companies across sectors, Consumer Affairs Secretary Rohit Kumar Singh said on Thursday. The draft guidelines were finalised after discussions with the committee members in a meeting held on January 10. The committee constituted by the consumer affairs ministry also has member representatives from the industry such as FICCI, CII, Manufacturers Association Information Technology (MAIT), Advertising Standards Council of India (ASCI) and Indian Beauty and Hygiene Association (IBHA). "We have finalised the draft guidelines and will issue the final guidelines after incorporating few suggestions of the industry members," Singh told PTI. The draft guidelines clearly define "Greenwashing" and "Environment claims". It also proposes disclosures that would be required to be made by the company while making green claims, said a statement issued by the ministry. The guidelines

Economics before politics good for the industry, says Ficci president

Shah explains his key focus areas and views on the economy as well as the industry

Need consistent EV policy, no need for company-specific sops: FICCI

The government should not dilute Make in India initiative and follow a consistent policy, Ficci EV Committee Chairperson Sulajja Firodia Motwani said amid a push from American electric carmaker Tesla for special sops to set up its factory in the country. Motwani, the founder and CEO of Kinetic Green which sells battery-operated three-wheelers, scooters, e-cycles, and buggies, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment. She also batted for the continuation of incentives for buying EVs to sustain the demand for the next few years. Motwani also noted that the industry body is also pushing for the inclusion of electric cars priced up to Rs 20 lakh to get incentives under the third iteration of the Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) India scheme. "I strongly feel that the Make in India policies that the government has put in place, there should not be any reversal because now people have started ...

E-rupee to cut cost of cross-border remittances to 2-3%, says DEA secy

CBDC was announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman. The RBI began the pilot wholesale CBDC project on November 1, 2022

Optimism should not cause premature triumphalism: CEA Nageswaran

India's growth engine can become faster and accelerate if the much-awaited private sector capital formation kicks into a higher gear, he said

Optimism should not cause premature triumphalism: CEA Nageswaran

India's growth engine can become faster and accelerate if the much-awaited private sector capital formation kicks into a higher gear, he said

Ficci submits proposal for continuation of demand incentives for EVs

Industry body FICCI on Monday said it has submitted its proposal to the Ministry of Heavy Industries for the continuation of the FAME scheme for the next five years, with a review at the end of three years. The time period for the current FAME II scheme is till March 2024. Sudden withdrawal or discontinuation of upfront price incentives will lead to up to 25 per cent price increase of EVs and this may derail EV adoption momentum substantially, also impacting further investments in the EV sector, and disrupting gains made so far, noted FICCI. Purchase incentives on EV vehicles are being continued in markets like Canada, the US, Korea, etc. to achieve their electrification ambitions and India cannot be left behind and miss the EV bus, it argued. "EV penetration in India is only 5 per cent currently. It is imperative to continue FAME scheme to achieve critical mass towards reaching overall 30 per cent EV penetration targets by 2030, stated by Government of India and to also help meet

Banks, NBFCs need to be watchful of stress building up: Shaktikanta Das

'Banks and NBFCs must continue to do stress tests of their books,' RBI Governor Shaktikanata Das said on Wednesday

Indian e-commerce exports should touch $200 billion in next 6-7 years: DGFT

The Director General also mentioned that the DGFT, along with other regulatory agencies, has undertaken numerous steps and initiatives to facilitate e-commerce exports