fjcci

In a troubling development for Ranchi's economy, diesel costs have eclipsed Rs 100 per litre, while petrol isn't far behind. This spike has triggered fears of skyrocketing transportation costs and inflation in everyday essentials.

Ranchi's commercial activities and essential services are severely impacted by the ongoing fuel crisis, with industrial production and supply chains grinding to a halt. Local entrepreneurs report significant operational bottlenecks due to diesel shortages, affecting machinery and backup power. The crisis also disrupts daily deliveries, forcing milkmen to resort to bicycles.

The Federation of Jharkhand Chamber of Commerce and Industries has urged the state government to reconsider the newly approved city tourist tax on hotel stays. The proposed levy, ranging from 2% to 10% for domestic and foreign tourists respectively, could significantly impact Jharkhand's tourism and hospitality sectors by increasing costs for travelers and potentially discouraging visitors.

Ranchi's CBSE Class XII toppers attribute their success to discipline, emotional strength, and clear career aspirations. Commerce topper Piyush Shankar aims for Chartered Accountancy, while science achiever Shivanshi Sharma is set for medicine.

The Federation of Jharkhand Chamber of Commerce and Industries has urged the state government to permit residential-cum-commercial use in housing colonies. This demand follows the state housing board's cancellation of trade licenses and closure orders for commercial establishments, citing their residential status. The association seeks a mixed-use policy to support businesses and local economic activity.

Traders in Ranchi are urging the state government to reduce VAT on piped natural gas (PNG) due to LPG disruptions and high taxes. With LPG supply limited and demand high, PNG is seen as an alternative, but its 14%-15% VAT, significantly higher than neighboring states, is a major deterrent for businesses and consumers.

The government of Jharkhand has greenlit an innovative policy aimed at regularizing unauthorized buildings towering up to 10 meters, as long as they adhere to existing construction guidelines. This new G+2 rule will apply to both commercial and residential structures located on 300 square meter plots.

Over 100 traders in Ranchi's Bariatu Housing Colony face livelihood concerns as the Jharkhand State Housing Board cancels their trade licenses. These establishments, including vital pharmacies and clinics near RIMS, have operated for years. Business leaders and residents are urging a balanced approach, fearing economic disruption and inconvenience to thousands reliant on these services.

Ranchi's residential colonies are facing a crackdown on commercial activities, with the Municipal Corporation issuing eviction notices. Traders, many of whom rely on these businesses for survival, are protesting the sudden move, questioning the issuance of trade licenses in the first place. They demand viable alternatives and proper rehabilitation before any action is taken.

Amidst the ongoing LPG crisis, Jharkhand's business federation has issued a stark warning about potential job losses and the resulting hardships families may face, particularly in the hospitality and industrial sectors. They are calling on authorities to devise proactive strategies to mitigate future shortages and to engage in meaningful discussions about resource conservation.

In Ranchi, the Deputy Commissioner has called on the Chamber of Commerce to address the surge in panic bookings for LPG cylinders, pointing out a backlog of 60,000 that is severely affecting both industries and the hospitality sector. He advocated for a transition to piped natural gas, with GAIL enhancing its infrastructure.

Amid growing tensions in West Asia, Jharkhand's construction sector is facing skyrocketing costs for essential materials like bitumen, steel, and cement. Just in three months, bitumen prices have skyrocketed by Rs 14,000 per tonne, compounded by a Rs 22 per litre hike in diesel prices. This surge is proving detrimental to road development projects across the state.

Ranchi's Rs 113 crore Transport Nagar, designed to ease city traffic by housing goods vehicles, remains largely unused months after its inauguration. A lack of operational clarity and failed tenders have stalled its functionality. Officials are revising terms to attract bidders, hoping to finally operationalize the facility and its planned second phase.

Ranchi's traffic wing met with the Federation of Jharkhand Chambers of Commerce and Industries to address traffic concerns like illegal parking and school bus movement. The fjcci submitted a memorandum detailing 22 issues, including unauthorized auto-rickshaw stands and the need for clearer traffic instructions. Discussions also covered alternative school vehicle routes and stricter enforcement of stopping rules near crossings.

Ranchi traders are now meeting police at the station level to tackle local law and order issues like street vendor encroachment and drug addicts. The Federation of Jharkhand Chambers of Commerce and Industries (fjcci) initiated these meets to ensure commercial centres are safe and organized.

Ranchi is set to host the 'India International Mega Trade Fair' from March 26 to April 6 at Morabadi Ground. The event will feature 12 international nations and 18 Indian states, showcasing approximately 35,000 products across 500 stalls. This edition emphasizes MSME promotion, aiming for their growth and development, with a special night market planned.

fjcci president Ranjeet Tibrewal said not a single trader in the state was happy with the Centre's decision and would oppose the move through the token strike.

The Federation of Jharkhand Chamber of Commerce and Industries (fjcci) has suggested the government to create a database of sick industrial units in the state which are on the brink of closure owing to the economic slump caused by the Covid-induced lockdown. “If it is willing, fjcci can help prepare a database of such industrial units which can be revived. This, in turn, will directly help in the state’s revenue collection,” fjcci president Kunal Ajmani said.

The Federation of Jharkhand Chambers of Commerce and Industries has called on the government to restore law and order in Ranchi after a recent bandh led to business losses estimated at Rs 100 crore. With major festivals approaching, the repeated shutdowns have severely impacted the local economy.

Wholesale business of foodgrain, vegetables and livestock will remain stalled indefinitely in Jharkhand from Wednesday as the traders announced a long drawn protest to demand a rollback of a new tax structure on farme

The Federation of Jharkhand Chamber of Commerce and Industries (FJon Wednesday alleged that some officials of the state commercial taxes department were harassing its members in the name of audit and assessment of the Value Added Tax.

The Federation of Jharkhand Chamber of Commerce and Industries (FJon Thursday criticized the strike by the Jharkhand State Electricity Board (JSEB) employees' co-ordination committee against the government's decision to invite power distribution franchises in Jharkhand.

Jharkhand's business chamber urges the state government to prioritize MSME development ahead of the budget, advocating for dedicated land banks, a fully functional MSME directorate, and improved access to capital. Proposals include special incentives for the mica industry, solar energy subsidies for MSMEs, and an overhaul of the single-window system to boost investor confidence and create jobs across districts.