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.
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The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports. Addressing a webinar on Implementation Strategy of Budget Announcement 2021-22 , Chemicals and Fertilisers Minister D V Sadananda Gowda on Friday said the government is working on a consultative approach in forming the policies for India s chemicals and petrochemicals sector. The webinar was organised by the Department of Chemicals & Petrochemicals and FICCI. Implementations of the Budget announcements cannot be done only by the government. We should take our industry in confidence so that implementations can start from first week of April. The challenge for the government is to now match the suggestions of the industry with the implementation part, he was quoted as saying in a FICCI statement.
Industry body Ficci on Thursday said the Haryana government s new legislation that provides reservation in private jobs for local candidates will spell disaster for industrial development in the state.
Ficci President Uday Shankar said the government s move to reserve 75 per cent jobs for the local population in private sector will spell disaster for the industrial development and private investment in the state. Investors and entrepreneurs need to source the best human resources available in the country to be competitive and successful. To force them in such a regressive straight-jacket will force them to look beyond Haryana and this will ultimately hurt the interests of the state, Shankar said.