India still not favourable for doing business: Survey

October 5th, 2009 SYDNEY - The head of the low-cost airline Jetstar, Bruce Buchanan, has aid that the airline is eying route-related opportunities in China and India. Buchanan said the airline was continuing to benefit from a favourable economic environment with relatively low fuel prices, favourable currency movements, low interest rates and low unemployment in Australia.

September 29th, 2009 NEW DELHI - A whopping 63 percent of top executives of India Inc believe a sustainable economic recovery is under way, according to a survey conducted by a leading think-tank. Indian business honchos are the most optimistic of the lot in Asia of a sustainable economic recovery, said the survey, conducted among 258 senior executives from Asia by the Economist Intelligence Unit (EIU).

September 8th, 2009 NEW DELHI - Indian employers are the most optimistic about hiring, says a survey by global placement company Manpower Inc, and job seekers are likely to benefit from an active market through the end of the year. "With a Net Employment Outlook of +25 percent, Indian employers report the most optimistic forecast among all 35 countries participating in the survey," said the Manpower Employment Outlook Survey released Tuesday.

July 31st, 2009 WASHINGTON - Trust in business is recovering significantly in some of the world's largest markets with India and China most positive about business and the US rebounding from 10-year lows, according to a new survey. The Edelman Trust Barometer found that at 75 percent, India recorded the highest level of trust in business of any of the six countries surveyed.

July 14th, 2009 NEW DELHI - Loss-making national carrier Air India will not go for disinvestment at the moment to raise funds as market conditions were not favourable, said Civil Aviation Minister Praful Patel here Tuesday. "Markets are not favourable for an IPO (initial public offering) for Air India," Patel told the Rajya Sabha, the upper house of parliament.

July 2nd, 2009 NEW DELHI - India's Economic Survey for 2008-09, tabled in parliament Thursday, called for revising specific custom duties on the textiles sector to ensure that they match ad valorem tax rates. "Specific duties are intrinsically more opaque than ad valorem tariffs, tending to conceal high ad valorem equivalents.

June 26th, 2009 NEW DELHI - The southwest monsoon Friday moved further into central India, bringing heavy rain in many parts of Maharashtra and Chhattisgarh, an India Meteorological Department official said. "The monsoon has progressed into Maharashtra, Andhra Pradesh, Chhattisgarh and Orissa causing heavy rainfall at some places," the official said.

June 11th, 2009 NEW DELHI - The Indian economy is expected to grow by 7.2 percent in the current fiscal, primarily driven by improvements in consumer sentiment, rural economy, and policy reforms, said an industry survey released here Thursday. According to the survey, conducted by the Associated Chambers of Commerce and Industry of India (Assocham), about 42 percent of the respondents believe policy reforms would cast massive impact on the GDP (gross domestic product) growth.

June 8th, 2009 NEW DELHI - Despite signs of an improving economy, India Inc feels actual recovery will happen only after September, a survey by the Confederation of Indian Industry (CII) has found. According to the survey, conducted by the CII northern region, 96 percent of respondents believe a turnaround would happen only in the second half of 2009-10, thanks to the ongoing global slowdown The survey found 72 percent of respondents expecting the economic growth to be in the range of 5-7 percent this fiscal.

April 13th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) and Congress led United Progressive Alliance (UPA) are running neck and neck this Lok Sabha elections and are likely to get 189 seats and 187 seats, respectively, showed a pre-poll survey by a private news channel. According to the survey conducted by India TV: 'Both BJP and Congress are expected to win 143 seats on their own.

April 6th, 2009 NEW DELHI - A majority of chief information officers (CIOs) of companies in India expect the economic slowdown to end by October-December 2009, a survey conducted by market intelligence IT consulting major IDC India showed Monday. The survey, titled 'Identifying Opportunities in the Current Economic Scenario', was conducted among 467 CIOs from mid-sized and large enterprises across 18 industry verticals in February-March 2009, IDC said.

April 5th, 2009 NEW DELHI - The National Democratic Alliance (NDA) is likely to get 187 seats in the Lok Sabha - nine more than the United Progressive Alliance (UPA), a pre-poll survey by the India TV shows. 'The NDA has a minor edge over UPA, and the Bharatiya Janata Party (BJP) may win 144 seats - nine more than the Congress.

March 25th, 2009 NEW DELHI - Bilateral Investment Promotion and Protection Agreement (BIPA) between India and Libya has become effective with the exchange of Instruments of Ratification (IsR) between them, here today. Dr. Anup K. Pujari, Joint Secretary, Ministry of Finance, Government of India and Mohammed Saleh Ei-Saghier Milad, Director, International Legal and Treaties Department, Government of Libya exchanged the IsR at a ceremony presided over by L.M.

March 24th, 2009 NEW DELHI - While overall business confidence has improved this fiscal, corporates are not confident about the future, says the latest business confidence survey released Monday by the Federation of Indian Chambers of Commerce and Industry (FICCI). The FICCI Business Confidence Survey for the third quarter of 2008-09 said 64 percent of the 384 respondent companies - with turnover ranging from Rs.1 crore to Rs.33,000 crore - felt overall economic conditions have worsened between April and September 2008, down 22 percentage points compared to the previous survey.

March 8th, 2009 NEW DELHI - India-Pakistan trade is likely to see a 60 percent decline in 2009-10, with the overall trade falling from $2 billion to $900 million in the coming months on account of the current turmoil in the neighbouring country, says an industry lobby. A quick survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) among exporters and importers doing business with Pakistan reported that they were unwilling to travel across the border to conclude even the firmed-up deals.