Search Result for : Indian Businesses

By Ranjit Mahtani & Sweta Rajan After 17 years of preparation and 18 meetings of the GST Council, a single unified Goods and Services Tax (GST) in India is today a reality. In a momentous launch at the Central Hall of the Indian Parliament with a speech by the Finance Minister and the Prime Minister of India, the GST regime was ushered in at the stroke of midnight on July 1, 2017. While the mammoth task for the Central and State Governments has just concluded, as far as trade and industry are concerned, the journey has only just begun. GST, in the form that it has been introduced in India, may not be perfect; however, it is the reality, and trade and ...

By Sheela Mamidenna UK and India share an age-old history of common interests and values and with India’s rapid rise to fame as the ‘fastest growing large economy’ in the world, the relations between the two countries could ‘reboot’ as Theresa May had expressed during her visit to India in November last year. UK is India’s 5th largest trading partner and a great place for Indian businesses and will remain so post-Brexit for many reasons. However, trade bodies like FICCI voiced a negative sentiment saying that trade between India and UK is likely to suffer due to the Brexit vote and a decline in sterling. There are over 800 Indian businesses operating in the UK and serving as a gateway to Europe. Experienced ...

The Dollar Business Bureau The Confederation of Indian Industry recently said that most traders and businesses in India are ready for GST implementation from July 1. Most of them approve the Government’s decision of GST as it would contribute significantly towards economic growth, trade expansion and increase in employment in the country. Speaking to the media, CII Director General, Chandrajit Banerjee said, "GST has been finalised after a collaborative and consultative approach and we look forward to its introduction. It is the most significant indirect tax reform introduced in the country since Independence.” CII has been organising over 100 workshops across the country to enable traders and businesses to comply with the new regulations. A helpline has been established where participants can request for ...

PTI Encouraged by Infosys' decision to set up a tech centre in his state and generate 2,000 jobs, Indiana Governor Eric Holcomb will lead a high- powered trade delegation to India later this year with the sole objective of attracting more Indian business, particularly IT companies. "I'm looking forward to travelling to India, probably in the fall, before the winter," Holcomb told PTI in an exclusive interview in his office at the State Capitol. Holcomb, who succeeded Vice President Mike Pence as Indiana governor, said he wanted to travel to India soon after his inauguration early this year but pressing engagements and now the summer prevented him from doing so. Holcomb, who would be the first Indiana governor ...

Sairaj Iyer Uday Kotak, Executive Vice Chairman and MD of Kotak Mahindra Bank, believes that the premise for rejuvenation of India’s economy (post demonetization) and the overall financial atmosphere is to replenish the confidence of the public in banks. Especially since we see receding confidence in recent times due to an uncertain global environment. But to do so there is a need to improve upon governance standards, specifically in PSU banks. At a talk show organised by the Indian Merchants Chamber, Kotak said that the PSU banking sector is an area that needs immediate attention. Referring to the rising NPAs, and infusion of tax-money into recapitalization of failing PSU banks, he said, “70% of bank accounts are with the PSUs, and I want ...

Source: PTI Ahead of this month's key referendum, more than 80 British Indian business leaders have supported Britain's membership in the European Union, saying Brexit will have the "double whammy effect" by hitting UK businesses as well as impacting inward investment from countries like India. In an open letter, 81 signatories who represent companies which range from multi-million-pound businesses to small and medium enterprises (SMEs) and employ thousands of people across the UK, warned that a vote to leave the EU would create "significant uncertainty" and put jobs and business investment at risk. They operate across a range of sectors including financial and legal services, hospitality, consultancy, real estate, care services, retail, media, technology, healthcare, pharmaceuticals, construction and manufacturing. British Indian MP Alok Sharma, ...

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 ...

Source: PTI UK Parliamentarians and Lords calls on the Prime Minister Narendra Modi after his address, at Wembley Stadium, in London on Friday   Top CEOs from India and the UK pitched for a more transparent and consistent decision-making regime as also a uniform treatment of corporates across the world, as Prime Minister Narendra Modi vowed to “ceaselessly” work towards Indian economy's integration with the world. A reconstituted India-UK CEOs Forum, during its first meeting on Friday, identified six overarching themes as important areas of collaboration to take forward -- smart cities and the digital economy, healthcare sector, education and skills, engineering, defence and security, and financial and professional services. The meeting took place in presence of Modi as well as ...