NATIONAL CAPITAL GOODS POLICY

Congratulating the Department of Heavy Industry for coming out with the first National Capital Goods Policy, FICCI stated that it was happy to see the roadmap for the Capital Goods sector in India and its recognition as a strategic sector.

BANKRUPTCY BILL IN RAJYA SABHA

The passage of bankruptcy bill is a perfect example of constructive cooperation in the Parliament towards economic progress, said FICCI. Bankruptcy Act is a much needed legislation for industry that would greatly help resolve issues pertaining to speedy winding up of insolvent companies, lowering NPAs and redeployment of capital productively.

BAN ON DIESEL VEHICLES IN DELHI

While respecting the Hon’ble Supreme Court’s order on ban on diesel cars above 2000cc and diesel public taxis, FICCI feels that the lack of clarity in the policy and such stringent measures could result in uncertainty that would impact the image of the country as a preferred investment destination besides impacting a large number of entrepreneurs who have entered the travel industry.