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

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236