Industries may shift out of Delhi if govt hikes minimum wages: FICCI
PTI In view of the Delhi government's plan to increase minimum wages by 30-40 per cent, FICCI has written to Labour Minister Gopal Rai, saying that this may lead to shifting out of several industries from the national capital to neighbouring states. The industry body has also indicated that the proposed hike in minimum wages will severely "hurt" the growth of micro and small enterprises in the national capital and hence the AAP government should reconsider this proposal. "As this sector accounts for creating maximum employment and operates on marginal viability, a substantial increase in wages is not sustainable and may see closure of many small and tiny enterprises and loss of employment will be the direct outcome. "Further increase in wage may only force industry ...
Brexit will create uncertainty for Indian business in UK:FICCI
One of India's leading industry groups on Wednesday came out strongly in favour of the UK staying within the European Union, saying the exit of Britain will "create considerable uncertainty" for Indian businesses operating in the country Source: PTI FICCI warned against "considerable uncertainty" for Indian businesses operating in the UK and Europe at the prospect of a British exit (Brexit) from the EU One of India's leading industry groups on Wednesday came out strongly in favour of the UK staying within the European Union, saying the exit of Britain will "create considerable uncertainty" for Indian businesses operating in the country. The Federation of Indian Chambers of Commerce and Industry (FICCI) warned against "considerable uncertainty" for Indian businesses operating in ...
