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Triple dose of good news for India: On monsoon, inflation, industry

Triple dose of good news for India: On monsoon, inflation, industry

Tuesday could well be a day to raise the toast for the Indian economy. Official data forecast rains during the upcoming monsoon season to be above normal, retail inflation has fallen to a six-month low, and factory output is up after three straight months of decline.

Industry needs to find ways to deal with pvt standards:Teaotia

The Indian industry, both exporters and experts included, needs to debate and find ways to deal with stringent private standards in order to access lucrative markets of the world and boost shipments, a top government official said on Friday.

High growth rate will always protect labour interest: Arun Jaitley

"A high growth rate will always protect workmen and labour interest," the finance minister told the 46th session of Indian Labour Conference.

CII organising yoga session for Indian industry

The Confederation of Indian Industry (CII) is organizing yoga sessions for Indian industry on the International Day of Yoga on June 21.

Industrial production grows at 4.1% in April

The annual industrial output growth accelerated to a two-month high of 4.1 percent in April, according to the government data released on Friday.

Average pay hikes to touch 10.7% this fiscal: Survey

In the current financial year, the increase in average salary as well as variable pay is expected to be higher than last fiscal's.

Make products competitive sans subsidies, doles: Kher to Ind

Cautioning Indian industry on the changing global trade scenario, government on Thursday asked it to enhance product competitiveness in the international market without seeking "subsidies" and "doles".

Industry will soon say 'things moving on ground': Sitharaman

Seeking Opposition's cooperation in passing key reform bills, Union Minister Nirmala Sitharaman today said the government is also willing to hear out the industry and hoped they will start saying "a lot of things are happening on the ground".

Nirmala pitches for interest rate cut to boost manufacturing

Pitching for interest rate cut, Commerce and Industry Minister Nirmala Sitharaman Thursday said reduction in cost of credit was necessary to provide level playing field to domestic industry.

215 products registered as geographical indication: Govt

As many as 215 products were registered as geographical indication (GI) till December 15, 2014, government said on Friday.

Indian industry to make rockets, satellites: ISRO chief

Indian industry comprising public and private sectors will be allowed to make communication satellites and build rockets over the next five years, a top space agency official said Wednesday.

India Inc likely to see lower growth in Q2, FY'15: Crisil

On the profitability front, Crisil foresees a 0.5 percent basis points y-o-y jump in EBITDA (operating profit) margins in Q2 FY15.

India to log in 5.5% growth in FY'15: D&B

The service sector is expected to grow by 7.3 percent in FY15.

'India needs culture of product standards to compete globally'

Indian industry needs to develop norms for standard products, like those in advanced nations, to compete globally and help to lower transaction costs for traders, Cabinet Secretary Ajit Seth said on Wednesday.

Slower growth, dismal infra show dampen industry mood

The industry's concerns were due to GDP growth coming in at 4.7 percent in the third quarter ended December, 2013. Core sector expansion also slowed to 1.6 percent in January.

India Inc happy with new laws in 2013; expects further reforms

The Indian industry was pleased with the government pushing through key legislations on Land Acquisition, Lokpal and Companies Act in 2013 and expects that the much awaited ones, including the GST, DTC and Insurance Bills to pass the muster soon.

Projects worth Rs 15 lakh crore stalled for want of clearances

Industrial projects worth over Rs 15 lakh crore are stalled for want of various clearances and other issues, according to data compiled by the Prime Minister`s Project Monitoring Group.

High agri growth will help in arresting inflation: Industry

Indian industry Tuesday hoped that the projections given by the PM's economic advisory panel for farm sector growth will help in arresting inflation which would provide room to the RBI to cut interest rates.

India-US economic ties to grow stronger: Nirupama Rao

Indian ambassador Nirupama Rao has expressed her "firm view" that India-US economic relationship would only become stronger over time despite concerns of businesses on both sides.

India Inc asks PM to look into issues of industrial slowdown

Expressing concerns over decline in factory output, Indian industry today said a high level committee under the Prime Minister should look into the issue of industrial slowdown and monitor its progress for the next few months.