Cii

CII hails GST Council's decriminalisation move as landmark tax reform

Industry body says proposed removal of GST arrest powers, higher prosecution thresholds and stronger taxpayer safeguards mark a major shift towards trust-based governance

GST decriminalisation decisions mark shift to trust-based governance: CII

Industry body CII on Sunday described the GST Council's decisions to decriminalise certain offences and rationalise enforcement powers as a significant institutional reform, saying the move marks a shift towards trust-based economic governance and offers a model for India's next generation of economic reforms. On the decisions taken at the GST Council's October 8 meeting, CII said the consensus-driven approach showed how the Centre and states could work together on difficult reforms to improve the relationship between the government and businesses. CII Director General Chandrajit Banerjee said, "The GST Council's decisions deserve special recognition as a landmark institutional reform. We deeply appreciate the leadership of Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman in advancing this transformation, and the constructive role of state governments in achieving consensus on an issue involving sensitive questions of enforcement, revenue protection and taxpayer .

CII urges exporters, MSMEs to tap opportunities under India-New Zealand FTA

Domestic exporters, including MSMEs, should engage with New Zealand buyers, check product-specific rules of origin and leverage schemes such as the Export Promotion Mission to maximise the benefits from the recently implemented bilateral free trade agreement, CII's Sanjay Budhia said on Thursday. Budhia, the Chairman of the CII National Committee on Exports and Managing Director of Patton International Ltd, said New Zealand can also serve as a gateway to the wider Oceania and Pacific Island markets. On October 20, the two countries implemented a free trade agreement to boost trade and investment ties. "I urge exporters, especially MSMEs, to move early, engage with New Zealand buyers, check product-specific rules of origin, and make full use of schemes such as the Export Promotion Mission. New Zealand can also serve as a gateway to the wider Oceania and Pacific Island markets," he said. The pact, Budhia said, gives Indian exporters duty-free access across all tariff lines in New ...

CII outlines roadmap to bridge $36 bn gap in India's $100 bn M&E ambition

CII says annual growth must accelerate from 9 per cent to 15.3 per cent, with policy reforms, stronger monetisation, investment and IP development central to closing the gap

India must shift focus to 'speed of doing business': CII President Mukundan

CII President R Mukundan says cutting approval and project timelines can lower capital costs, while stable policies are essential to sustaining private investment and growth

India Inc's biz confidence in Q2 highest in 3 qtrs: CII's Expectation Index

The improvement was driven primarily by expectations for the quarter ahead, as easing West Asia disruptions and resilient domestic demand lifted business sentiment

CII taskforce seeks new green finance institution for sustainability goals

The institution can help catalyse up to one trillion dollars of investments over a 5 to 10-year period, said the report

₹9-10 trillion capex to power mining equipment demand by 2030: Report

Annual capital expenditure across infrastructure, mining, manufacturing and energy is expected to nearly double by 2030, driving strong growth in mining and construction equipment

Improve speed of doing business, says CII's president R Mukundan

CII has asked the govt to implement reform measures across sectors to boost "speed of doing business" as the industry is bothered about bottlenecks in multi-modal infra and high power costs, he said

Labour ministry consults industry on migrant worker welfare framework plans

The labour ministry has started consultations with industry bodies on migrant worker welfare, focusing on housing, portability of benefits and registration reforms

Odisha set to host CII eastern zone conference on industrial growth

The conference will bring together policymakers and industry leaders from eastern states to discuss investment, infrastructure and regional industrial collaboration

Mandaviya calls for joint effort to tackle worker issues during crises

Mandaviya said the government has readied the facility for withdrawal of 75 per cent of provident fund (PF) balance through ATMs and will soon roll it out

CII elects Tata Chemicals chief R Mukundan as president for 2026-27

Tata Chemicals MD and CEO R Mukundan succeeds Rajiv Memani as CII president, while Suchitra Ella and Shashwat Goenka join as office bearers

Uday Kotak asks India, India Inc to prepare for shocks from W Asian crisis

Kotak backs PM's austerity push; warns of navigation challenges amid a global tribal mindset

RDI SPF to issue cheques soon, says ANRF CEO Shivkumar Kalyanaraman

The ₹1 lakh crore RDI Fund aims to create a deep-tech asset class and mobilise up to ₹10 lakh crore through private-sector innovation and research

CII seeks phased restoration of fuel excise as crude prices stabilise

Industry body proposes gradual rollback of petrol and diesel duty cuts alongside measures to support MSMEs, energy conservation and supply-chain resilience

CII seeks phased fuel excise rollback as pvt sector capex hits ₹7.7 trn

India's private sector capital expenditure rose 67 per cent to Rs 7.7 lakh crore in September 2025 from Rs 4.6 lakh crore a year ago, CII said on Sunday, as it unveiled a five-point industry action agenda amid the West Asia crisis and beyond, comprising a phased drawdown of the central excise cut on petrol and diesel. The Confederation of Indian Industry (CII) termed the surge in private capex as the most decisive evidence yet of a powerful and broad-based revival in the country's investment cycle. "The Rs 10 per litre central excise cut on petrol and diesel, taken at significant cost to the exchequer, should be progressively rolled back in tranches over six to nine months as crude prices stabilise," argued CII. Its five-point agenda also pitches for a 45-day MSME payment guarantee; supply-chain ring-fencing with deeper import substitution; and a front-loading of private capex coupled with voluntary price restraint and a stepped-up internship intake; among others. CII's analysis of

CII President Rajiv Memani flags need for govt support in critical sectors

Rajiv Memani, president of the Confederation of Indian Industry and regional managing partner of EY Africa India region speaks on the challenges and opportunities facing India Inc

India's strong growth outlook intact despite global volatility: Govt

Anuradha Thakur, Secretary in the Department of Economic Affairs, said India continues to stand out as a reliable and rapidly expanding economic partner

CII 20-point agenda calls for coordinated response amid West Asia crisis

Industry lobby CII on Sunday outlined a 20-point agenda to mitigate the impact of the West Asia crisis, calling for measures including a temporary exemption from long-term capital gains tax for foreign investors in the primary market, the introduction of a time-bound Conflict-Linked Emergency Credit Line Guarantee Scheme and a three-month moratorium and restructuring window for MSMEs. CII proposed that priority sector lending (PSL) norms may be revisited to enable banks to respond more flexibly to sector-specific stress during external disruptions. It also suggested that the RBI could institute a Special Refinance Window for MSMEs and other affected sectors, among other measures, seeking their consideration by the government. To sustain foreign capital inflows into primary markets during a period of heightened global uncertainty, the Ministry of Finance may consider a temporary exemption from long-term capital gains tax for foreign investors in primary market investments, with the .