"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters,"
said PHDCCI President, Saket Dalmia.
Saket Dalmia, President, PHD Chamber of Commerce and Industry, said there must be focus on decriminalisation and reduction in costs of doing business. For financial mistakes, there should be financial redressal such as penalties and not imprisonment, according to a statement from the industry body.
In its interaction with Revenue Secretary, the industry body suggested measures related to direct taxes and indirect taxes for the growth and development of Indian economy.
New Delhi [India], August 18 (ANI): India has the potential to reduce imports from China by around 40 per cent in the coming years, according to an analysis conducted by industry body PHD Chamber of Commerce and Industry.
New Delhi [India], January 29 (ANI): Steps should be taken in the upcoming Union Budget to ensure hassle-free credit availability to industry, particularly for MSMEs, and reduce the costs of doing business, said Pradeep Multani, President, PHD Chamber of Commerce and Industry.
New Delhi [India], September 17 (ANI): PHD Chamber of Commerce and Industry (PHDCCI) is very hopeful that if not now then in the near future petroleum products will be brought under the Goods and Services Tax (GST) ambit.