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Hero Motocorp - smooth ride Holiday Inn opens in OMR Chennai Placing the right shoe forward... Business Briefs Pharma market dozes CUB: towards card-less withdrawal Apple maps – finding its way Three more leather clusters… Chola MS net crosses 100 crores Is Indian telecom industry heading for a monopoly? Sun Edison launches solar pumps Make way for the new and dynamic railways Purdue and IIT-M sign the dotted line Digital retail transactions stabilise at higher level… Realty sector takes a break... Smart controls for cooling large multi-zone spaces ... More gensets and diesel engines from TAFE Techies trip to India Celebration time at MS Chola LVB gears to become a financial supermarket ECGC expands operations Changing dynamics in human resource management ALL to launch electric busses Research needs more funding Economic issues take a back seat at G20 summit STFC raises money Chennai Port is at last decongested! Rating of states to be released soon SumInfra- corridor based development... Dynamic e-commerce scenario Carrefour’s quick exit Illicit markets a concern to growing economy Strategy war escalates between Hero and Honda Innovation that helped Chennai port Chola MS launches motor app AirAsia India infuses funds to fight out competition Creating Tamil Nadu Banana brand An aerospace-defence cluster in Tamil Nadu… People Flow Day- Safety Auto test tracks launched at GARC Oragadam campus Connecting the unconnected TII-challenging year with flat growth Curbing steel imports will hurt small business... Big-ticket investments march towards Punjab Adding Zest to Scooty Steel loses its sheen OBO Bettermann for better lightning protection Flexible labour laws… Indian Bank – global businesses crosses Rs 3 lakh crore... Towards peace of mind Business Breif World labour laws at a glance Automotive Vision Plan II... Brand leaders come forward... TiE applauds innovative entrepreneurs Striking cords for 25 years… Realising double digit growth in Tamil Nadu On the ‘milky’ way Tata Steel commence operations at Kalinganagar A global plastic event in India European crisis is a global crisis! Downsizing spree... WABCO’s second Chennai plant - Well-refined – RIL’s refinery margins zoom Climate change may change the way businesses work... Indigo stays leader with 40 per cent share Blue Star plans a new plant in south Reality bytes Chennai to get a roundabout Metro Murugappa- a year of consolidation Chennai will soon get its World Trade Centre ISRO's 100th mission Economic, business and social sustainability TVS Logistics – another acquisition to sharpen the business model Time to fast-pace the logistics sector TII’s single largest investment at Thiruthani Applauding enterprise... Inclusive and forward moving... Veritas Finance- financing the unfinanced Focus on self-certification and third party inspection Schwing Stetter India joins hands with US-based Gomaco Waste, a gold mine Need to focus on ease of doing business... Nigeria comes nearer TCS’ revenues cross Rs 100,000 crore Secured NCDs from Shriram City TOP 10 CEO Compensation Ridley marathon to India IFCI to raise NCDs upto Rs 2000 crore BRICS development bank Industry-well poised to invest on expansion Durga - India’s largest blast furnace; now operational Scoot offers just Rs.13,500 to ANZ... Backpack laboratory Gem of social service... Investor friendly Japan Four daughters and a proud father TN budget pragmatic and moderate on fiscal deficit Hyundai excites again Celebrating 180 years of relevance The new look- 4s Verna ALL – truck industry is recovering from degrowth Housing Innovation Challenge, 2015 Airlines wage price war When Centre visits the state An American alliance in the chemical industry? Bridging the skill deficit in pharma industry ALL-two launches in a row Nothing to hide...
 
Focus on self-certification and third party inspection

Dr. Arvind Mayaram’s address at the Madras Chamber of Commerce and Industry was significant in the light of the interest of the government to reduce the plethora of inspections: the Centre will request states to introduce self-certification and third party inspection, he said. The bureaucracy simply cannot cope with the volume of work involved in inspecting and ensuring compliance. He suggested the industry should reciprocate with compliance. This is in line with Prime Minster Modi’s oft-repeated focus on less government and more governance.

The secretary pointed to the improvement in the economy like the fiscal deficit kept well within target, leading to a reduction in public borrowing by Rs 8000 crore from the target set for the current year. There has been a drop in food inflation and good prospects for a higher rate of growth in the current coming year. His reference to the vast reduction in gold imports evoked interest: “we had to take drastic steps like stringent controls on gold imports. These dropped from $ 60 billion to $21 billion in just a year helping to reduce the current account deficit from over 4 per cent of GDP to 2.5 per cent of GDP!” 

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