Page 5 - Confederation Of Indian Industry
Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study
Many D2C brands have crossed Rs 100 cr in revenue 3-5 years after launch; several orders from tier-2 cities and smaller towns; study projects 1.3 bn smartphone users, 500 mn online shoppers by FY30
 "Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study")
RBI's rate hike to push up costs: Realty, capital goods companies
Ramani Sastri, chairman and managing director (MD) of real estate firm Sterling Developers, said interest rates impact the cost of doing business
 "RBI's rate hike to push up costs: Realty, capital goods companies")
Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules
The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks
 "Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules")
India has lost a visionary leader with demise of Sanmar's N Sankar: CII
Says Sankar worked tirelessly for over five decades in ensuring trust in business and leading by example in setting high standards for ethical business
 "India has lost a visionary leader with demise of Sanmar's N Sankar: CII")
Long-awaited four labour codes may not come up before June-end
In the case of the labour codes, apart from the states, the Centre too is required to frame rules
 "Long-awaited four labour codes may not come up before June-end")
CII calls for doing way with ceiling on service fee for EV charging
CII also recommended waiver of GST on end-user for availing charging for EVs
 "CII calls for doing way with ceiling on service fee for EV charging")
Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters
The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery
 "Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters")
Union Budget should create enabling environment to sustain growth: CII
Sharing its recommendations for the forthcoming Union Budget 2022-23, the CII urged the Centre to continue its investment focus and enhance capital expenditure to promote growth in the economy
 "Union Budget should create enabling environment to sustain growth: CII")
India will fast track trade deals with six nations: Commerce Secretary
India has to engage with the rest of the world; will otherwise be shut from global markets
 "India will fast track trade deals with six nations: Commerce Secretary")
Govt-appointed panel to meet on modalities of open network for e-commerce
The discussions and meetings will begin soon to allocate work to various agencies that will be involved in developing the platform, said an official in the know
 "Govt-appointed panel to meet on modalities of open network for e-commerce")
Time has come for fiscal stimulus to support the economy: Uday Kotak
We are working with the government and vaccine manufacturers to increase the vaccine available for Indian business and industries, said Uday Kotak
 "Time has come for fiscal stimulus to support the economy: Uday Kotak")
Tough audit rules
RBI must consider the concerns of financial services players
 "Tough audit rules")
Covid-19: Introduce 'work from home' to break the chain, says CII chief
Several companies have already announced WFH even as several key cities like Mumbai, Delhi and Bangalore go through a massive healthcare crisis due to lack of oxygen, doctors and medicines
Apply strict safety norms, not lockdown as Covid-19 cases rise: CEOs' poll
Partial lockdown measures may impact movement of labour & goods, they say
 "Apply strict safety norms, not lockdown as Covid-19 cases rise: CEOs' poll")
CII asks Haryana to relook its Bill on 75% jobs for locals in pvt sector
Says at a time when it is important to attract investments at the state level, Haryana govt could have avoided imposing curbs on industry
 "CII asks Haryana to relook its Bill on 75% jobs for locals in pvt sector")
CII says farmers' blockade likely to impact India's economic recovery
In a statement, the apex industry body said around two-thirds of consignments in transit are taking 50 percent extra time to reach destination in Punjab, Haryana, Rajasthan and Delhi-NCR
 "CII says farmers' blockade likely to impact India's economic recovery")
Amazon, CII partner to bring e-commerce to small enterprises in 10 states
Amazon.in and CII will work closely with the Ministry of MSME to enable lakhs of MSMEs across these states to leverage technology to reach customers in India and globally
 "Amazon, CII partner to bring e-commerce to small enterprises in 10 states")
CII launches plan to nurture new businesses, to work with DPIIT on strategy
Will provide policy inputs, identify new growth segments and set up international partnerships; wants govt to invite other nations to participate
 "CII launches plan to nurture new businesses, to work with DPIIT on strategy")
Industry wants open and facilitative import environment to boost exports
The CII asks for policies to increase the country's share in the global merchandise trade by 2025 to 5 per cent from 1.7 per cent and in services export to 7 per cent from 3.5 per ent.
 "Industry wants open and facilitative import environment to boost exports")
CII calls for early FTP to raise India's global export share to 5% by 2025
The Confederation of Indian Industry (CII) has also outlined a 10-point agenda for increasing India's exports of goods and services in line with the prime minister's vision of an Aatmanirbhar Bharat
 "CII calls for early FTP to raise India's global export share to 5% by 2025")
