Read more about GST Council Extends Due Dates Of Various Compliances, Provides Relief On Import Of COVID Related Relief Items on Business Standard. Commenting on the announcements made in the GST Council Meeting on Friday, Uday Shankar, President, Federation of Indian Chambers of Commerce & Industry (FICCI), noted that the organization welcomes the decisions announced by the GST Council and
Read more about FICCI s Business Confidence Survey Revealed Sharp Deterioration In Optimism Level Of Corporate India on Business Standard. The latest round of Federation of Indian Chambers of Commerce & Industry (FICCI s) Business Confidence Survey revealed sharp deterioration in the optimism level of corporate India vis-a-vis the previous survey. Worsening current conditions as well
Industry body Ficci has suggested the government a series of steps, including speeding up vaccination drive and maintaining supply of essential medicines, in order to contain the rising Covid-19 cases in the country. In a letter to Sanjeeva Kumar, Member Secretary, National Disaster Management Authority, the chamber said that there is an urgent need for national criteria for hospital admissions for Covid-19 as it would help reduce the burden of non-essential Covid admissions, providing beds for critical. It also suggested that some national-level travel restrictions may be imposed till the situation comes under control and preference for travel should be given to people who have been vaccinated.
Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) came up with India FinTech: A USD 100 Billion Opportunity report. The report details the findings from the study that BCG and FICCI undertook to size the value-creation potential and identify imperatives for India s FinTech growth. Dilip Chenoy, Secretary General, FICCI stated that the FinTech industry in India has been growing at a fast clip. FinTech players are redefining the business models across different segments of financial services industry, helping improve service delivery and contributing to digital financial inclusion. India s dynamic FinTech industry has 2100+ FinTechs of which 67% have been set up over the last 5 years alone. The total valuation of the industry is estimated at USD 50-60 Bn. The industry s growth has been undeterred by the pandemic, as it has seen the emergence of 3 new Unicorns and 5 new Soonicorns (USD 500Mn+ valuation) since January 2020. The Fintech indus
The business confidence of India Inc has soared to 10-year high, according to FICCI Business Confidence Survey.
Domestic firms are optimistic about greater pricing power that would drive their profits over the next two quarters with better hiring prospects, though fears of a fresh wave of Covid inflections, lack of affordable credit and rising costs are some of the key concerns, media reports noted.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue t