CBEC clarification on request from FICCI to reduce of time period for settlement of rebate claims on exports

F. No. 267/39/13-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the 1st October,2013 To (i) The Chief Commissioner of Central Excise (All), (ii) The Chief Commissioner of Central Excise & Customs (All), (iii) The Chief Commissioner of Customs (All), (iv) Directors General (All) Madam/ Sir, Subject:… Read More

Tags: AsiaCommerceFederationFICCIGovernment of IndiaIndiaLondonNew Delhi

Constitution of Task Force on Currency Swap Arrangements and Trade

In view of the rising trade deficit and consequent current account deficit, a need has been felt to examine the role of Currency Swap Arrangement/Agreements in order to suggest a possible mechanism to address the issue. It has been decided to constitute a Task Force on Currency Swap Arrangements/Agreements. The Task Force will have the… Read More

Tags: Currency Swap Arrangement/AgreementDepartment of CommerceEXIM bankFICCIIndiaReserve Bank of IndiaState Bank of IndiaTask Force

Productivity Trends in Indian Banking in the Post Reform Period Experience, Issues and Future Challenges

(Special Address by Dr. K. C. Chakrabarty, Deputy Governor, Reserve Bank of India at the FIBAC 2013 organized by FICCI and IBA at Mumbai on August 13, 2013) Shri K.R. Kamath, Chairman, IBA and CMD, Punjab National Bank; Shri H.S.U. Kamath, CMD, Vijaya Bank; Smt. V.R. Iyer, CMD, Bank of India; Shri R.K. Dubey, CMD,… Read More

Tags: Bank of IndiaBanking in IndiaFICCIIndiaMumbaiPunjab National BankReserve Bank of IndiaVijaya Bank

A Statement on FDI Inflow

India has a liberal Foreign Direct Investment (FDI) policy wherein most of the sectors are open to Foreign Direct Investment (FDI) on the automatic route except a few which are either prohibited or restricted for FDI. The clearances and permissions for setting up industries are granted by various authorities at the central and state level.… Read More

Tags: Anand SharmaDepartment of Industrial Policy & PromotionFDIFICCIforeign direct investmentIndiaLok SabhaMinistry of Home Affairs

Policy Measures for Improving Manufacturing Sector

The Government is continuously taking measures to improve the performance of the manufacturing sector of the country. Some such measures taken include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, launching of the e-biz Mission Mode Project under… Read More

Tags: DelhiDelhi Mumbai Industrial Corridor ProjectFICCIforeign direct investmentGovernmentIndex of Industrial ProductionIndiaNational e-Governance Plan

Single Window Clearance To Promote India as A Films Hub and Destination Secretary (I&B)

I&B Ministry Develops Sop for Film Shooting in India Online Portal and Website to Facilitate Applications Ministry Convenes National Workshop on ˜Single Window™ Clearance The Ministry of Information & Broadcasting will be working to mainstream a synchronized ˜Standard Operating Procedures (SOP)™ for obtaining permissions for films shooting in India for both Indian and foreign film… Read More

Tags: BollywoodCinema of IndiaFICCIFilmIndiaInformation & Broadcasting MinistryStandard operating procedure

Government calls upon industry to invest in R&D in agrochemicals sector

The Government has called upon agrochemicals industry to invest in Research & Development and innovations in agrochemicals sector. Delivering the inaugural address at a two-day Third National Conference here today, the Secretary, Department of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers, Shri Indrajit Pal said that in order to remain globally competitive, the industry… Read More

Tags: AgricultureAgrochemicalDepartment of Chemicals & PetrochemicalsFICCIGovernmentIndiaResearch & DevelopmentUnited States

Reconstituted Governing Body Meeting of SAI

The re-constituted Governing Body of Sports Authority of India met under the Chairmanship of Shri Jitendra Singh, Minister of State (I/c) for Youth Affairs & Sports in SAI Headquarter on 24th July, 2013. The Governing Body consists of Shri P.K. Deb, Secretary (Sports), Shri Jiji Thomson, DG, SAI, Smt Anjuly Chib Duggal, AS (Expenditure), Secretary… Read More

Tags: Andhra PradeshAshwini NachappaBaichung BhutiaFICCIIndiaSAISports Authority of IndiaViren Rasquinha

Service Tax Voluntary Compliance Encouragement Scheme 2013 – Concerns to be addressed

Revenue Secretary Assures Trade and Industry Associations that their Concerns with Regard to Service Tax Voluntary Compliance Encouragement Scheme 2013 will be Duly Addressed The Revenue Secretary, Shri Sumit Bose said that the concerns of the industry relating to Service Tax Voluntary Compliance Encouragement Scheme (VCES) 2013 will be duly addressed and the necessary clarification(s)… Read More

Tags: ASSOCHAMCBECCentral Board of Excise & CustomsFICCIGovernment of IndiaIndiaministry of financeVCES-2013

Coporates to Partner with Government for Training and Skill Development for Minorities

A Joint Committee to be set up with CII, FICCI and PHDCCI to Promote Entrepreneurial Development Programme-Shri K Rahman Khan Shri K. Rahman Khan, the Union Minister of Minority Affairs has suggested to set up a Committee of the three Business Chambers and Ministry of Labour and Employment to give impetus to the efforts to… Read More

Tags: Cabinet of Indiacorporate social responsibilityDepartment of Public EnterprisesFICCIGovernmentMinistry of Labour & EmploymentMinistry of Minority AffairsPrivate sector

FM Speak | India – next wave of Inclusive growth

Following is the Speech of the Union Finance Minister Shri P. Chidambaram at India Day: India - Next Wave of Inclusive Growth today at ADB Meeting at IEML, Greater Noida today: President, ADB, President, FICCI, delegates to the ADB Annual meeting and friends, I am happy to be here today, when there is renewed optimism in India™s… Read More

Tags: ADBEconomic growthEconomy of IndiaFICCIGDPGross domestic productIndiaP. Chidambaram

Rajiv Kumar appointed the Secretary General- FICCI

Ficci today appointed Rajiv Kumar as the Secretary General of the chamber. Kumar, a well-known economist and the author of several books, would succeed Amit Mitra, who has become the Finance Minister of West Bengal. He joined Ficci as Director General in October, 2010. Earlier, he was Director and Chief Executive of an economic think-tank,… Read More


FICCI to announce its General Secretary

Ficci will announce its new Secretary General tomorrow, the industry body's top post vacated by Amit Mitra who has become the Finance Minister of West Bengal. The selection of the Secretary General will be made by the Seniors Committee, comprising of former presidents of Ficci - Y K Modi, Rajan Bharati Mittal and Harshpati Singhania,… Read More


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