Worst seems to be over for India Inc

India Inc has regained the much-needed business confidence with majority of 300 companies stating,in an industry survey,that they see better economic outlook in the next six months.

As many as 57 per cent of the companies measured on the quarterly Business Confidence Index (BCI) of FICCI,indicated that they expect the overall economic condition to be ‘moderately to substantially’ better in the next six months.

The FICCI survey of the fourth quarter of fiscal 2008-09 is in sharp contrast with findings of the BCI of the previous quarter when only nine per cent firms had seen a bright outlook.

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“The economy has bottomed out as was also indicated in the last survey and is clearly in the recovery mode,” FICCI said.

The Gross Domestic Production (GDP) recorded in the last fiscal was 6.7 per cent,which was better-than-expected.

Improvement in business confidence comes amidst the new UPA Government working on a 100-day programme for putting the economy back on the fast track.

The BCI for the fourth quarter of fiscal 2008-09 was up to 64.1 from 44 in the last quarter.

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SC on Waqf Act: Stay on clause that creator has to be practising Islam for 5 yrs

India1 hr ago

The Supreme Court on Monday refused to stay the Waqf (Amendment) Act, 2025, provision requiring registration of Waqf by user, but paused the clause that states a person must be a practitioner of Islam for five years to create a Waqf until state governments frame relevant rules.

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