Articles by "BCI"
Showing posts with label BCI. Show all posts


New Delhi, Jan 15: The Bar Council of India and the Attorney General on Monday said the issues raised by the four dissenting senior most judges of the Supreme Court have been resolved.
"All four senior most judges have resolved their differences and are attending the court," BCI Chairman Manan Kumar Misra told a news conference.
He said the Council members had met 15 judges of the Supreme Court following the crisis in the highest judiciary and they had assured that the issues had been resolved.
“As you can see that the matter has been laid to rest... All courts are functioning and everyone is discharging their duties. We are thankful to the four judges and the CJI that they resolved the matter on their own,” he said. 
He also said the BCI did not want any political party to take advantage of the situation.
Attorney General KK Venugopal said separately that the issue had been settled and that it was "a storm in a tea cup". “Now everything has been settled. The courts are functioning. It was a storm in a tea cup,” he told a media outlet.
Earlier in the day, the Chief Justice Dipak Misra met the four judges -- Justice J. Chelameswar, Ranjan Gogoi, Madan B. Lokur and Kurian Joseph -- over tea at the Supreme Court. It was their first meeting after the four judges held a press conference in which they had flagged certain issues, including the assigning of cases in the country's apex court. UNI


New Delhi, Dec 11: Reflecting an improvement in perception regarding the overall economic conditions and amidst indications of a normalisation in business situation post the recent disruptions, companies are optimistic that economic growth would gain traction during the third quarter (Q3) of FY18. 
This is indicated in the CII Business Confidence index (BCI) which has climbed up to the level of 59.7 during Oct-Dec 2017 as against 58.3 in the previous quarter. 
Commenting on the rebound in Business Confidence, Chandrajit Banerjee, Director General, CII stated that “the Survey underscores the perception that the economy is on a sustainable recovery path, with the many government interventions having an impact on the ground. The climb in business confidence underpins the hope that the upward trend one is seeing on macro figures would be sustained.” 
These findings are a part of CII’s 101st edition of quarterly Business Outlook Survey, which was based on responses from large, medium and small companies, covering all regions of the country. 
The significant improvement in the index this quarter has been led by a sharp improvement in the Expectation Index, as compared to the Current Situation Index, as firms appeared particularly upbeat about the expectations in their sectors.
Most of the respondents (79 percent) expect GST payments to become hassle-free by Q1 2018-19. This is a testimony to the faith reposed by business on the reforms-oriented approach of the government. 
On inflation metric, more than half of respondents anticipate the price rise to be within the range of 4.0-5.0 per cent in 2017-18, while close to 24 percent of respondents expect it to be in the 3.0-4.0 per cent range. Around 23 percent feel that inflation will stabilize within the 5.0-6.0 per cent range in the current fiscal. UNI