In the wake of COVID- 19 pandemic, FICCI has been actively engaging with the government to develop a strategy to handle COVID-19, be it screening of suspected cases, the preparedness of private labs for testing or identifying isolation beds or buildings for treatment. A strategy paper has been submitted to the Ministry of Health &…
The Coronavirus outbreak, which originated in China, has infected lakhs of people worldwide. Simultaneously, it has disrupted industries, trade, and business cycles, thus halting global economic activity significantly. In usual times, the period normally sees an uptick in residential real estate activities owing to festivals like Ugadi, Gudi Padwa, Akshaya Tritiya, and Navaratri when new…
Smart Cities of Pune, Surat, Bengaluru and Tumakuru are using the integrated data dashboards, developed by the data analysts and data experts working with their ICCCs (also functioning as COVID-19 War Rooms in many cities) to provide up-to-date information about the status of coronavirus in different administrative zones of their cities. Pune: Pune Smart City…
Growth in the building material sector is also facing heat due to the COVID-19 impact. The sector’s growth has been substantially impacted due to muted real estate growth and it would see further decline due to COVID-19 outbreak. According to industry experts, the plumbing pipe segment will however be relatively less impacted followed by the…
Against the backdrop of construction sector already witnessing credit pressure this fiscal, Covid-19 has emerged as another major challenge for real estate sector and its allied industries. Apart from slowdown in public spending, coupled with weak business sentiment, the construction sector is also facing a double whammy of labour shortage and working capital pressure, resulting…
In a move to provide relief and support the poorest citizens of the country who are the most vulnerable during the ongoing countrywide lockdown to curtail the spread of COVID-19, the Finance Minister of India, Nirmala Sitharaman announced a ₹1.7 lakh crore package, providing free food and cash transfers. She said the foodgrain ration for…
International Solar Alliance (ISA), the brainchild of India, has the vision to initiate strategic collaboration among the world and make joint efforts together to reduce greenhouse emissions and generate renewable and clean energy. It’s aimed at making solar energy affordable and easily accessible. The organisation also plays a key role in addressing a wide range…
Taxes are intrinsically linked to life and their inevitability is reinforced by Benjamin Franklin’s famous quote: In this world, nothing can be said to be certain, except death and taxes. In today’s fast-changing business environment, the way taxes and policies surrounding them are implemented plays a crucial role in determining the direction of the economy….
By Neha Sharma The start-up eco-system in the country needs willing participation of the individuals, society and the government at large Many of us lack the entrepreneurship mindset. We are, generally, happy doing routine, unfulfilling jobs even if we are not gainfully employed. But it is a bitter truth that no government can provide adequate…
By Priyanka Samania Urging policymakers to mitigate investment barriers to supercharge India’s green finance sector, the City of London Corporation, along with the Federation of Indian Chambers of Commerce and Industry (FICCI), has launched a report along with inputs from the UK-India Green Finance Working Group. The report ‘Untapped Potential: Supercharging Green Finance in India’…
