Page 5 - Confederation Of Indian Industry

Ease of doing business improved; still long way to go in many areas: CII

The ease of doing business in the country has improved in the last 5 to 10 years but there is a long way to go in many areas, the Confederation of Indian industry (CII) said on Friday. Addressing the media after a meeting of its members from the four western states of Maharashtra, Gujarat, Madhya Pradesh and Goa, CII Western Region Chairman and Tata Power MD and CEO Praveer Sinha said the industry feels there is a lot of growth happening and there is a lot of opportunity in the country. In a poll of CEOs conducted by it, 76 per cent of the respondents were of the view that the Indian economy is expected to remain resilient in the backdrop of global geo-political headwinds. "The ease of doing business has improved but if you ask me if it is 100 per cent, it is not 100 per cent. It is still some 55-60 per cent. That means there are opportunities of improvement," Sinha said. He said that though the ease of doing business is better than it was 5 or 10 years back, "it is still a long wa

Nagaland receives investment proposals of Rs 4,510 cr in B20 meet

A senior official of Nagaland Industry Department said that the state received keen business interests from both national and international business delegates during the B20 meet in Kohima

First India chip fab to be announced in a few weeks: Ashwini Vaishnaw

Country will have a vibrant semiconductor industry in 3-4 years: Ashwini Vaishnaw

SVB crisis: CII bats for domestic financial ecosystem to support startups

With several domestic startups facing the heat due to the collapse of Silicon Valley Bank, CII President Sanjiv Bajaj on Monday said that India could look to create its own enabling financial ecosystem to support budding entrepreneurs. Talking about the startup sector, the CII President in an interview with PTI said it is an unusual sector where the normal banking parameters do not work. "It (startup sector) is a very high growth, it is very innovative, it is loss-making in the initial years. So, the normal banking parameters for lending don't really work. How do you create the right financial ecosystem in India to support startups because we are a startup nation," said Bajaj, who is also the Chairman and MD of Bajaj Finserv. Observing that India is the third largest startup ecosystem in the world, he said there is a need to encourage startups. "We have the entrepreneurial zeal, we have the technical capability and the enabling ecosystem for it, but finance is something that is ...

India Inc business confidence hits a 2-year high in third quarter

Industry seeks hold on interest rates from RBI

Hand-hold the industry till animal spirits are out, says Sanjiv Bajaj

Sanjiv Bajaj, president of Confederation of Indian Industry (CII) and managing director of Bajaj Finserv, talks to Nivedita Mookerji about his expectations from Budget 2023

Indian industries urge RBI to consider moderating pace of rate hikes

In order to reduce the multi-year high inflation, the RBI has increased the policy repo rate by 190 basis points since May of the ongoing fiscal year

CII suggests slashing income tax rates in upcoming budget o revive demand

The CII has suggested a cut in personal income tax rates to revive demand -- a move which would benefit 5.83 crore taxpayers who have filed returns for assessment year 2022-23

Regulations not a remedy for fraud: Sebi whole time member SK Mohanty

According to a survey, 47 per cent respondents considered lack of visibility over third parties as the biggest concern to bribery and corruption

Reform to boost FDI opportunities to $475 bn in 5 years: EY-CII report

India's focus on reforms and economic growth will give rise to foreign direct investment (FDI) opportunities of USD 475 billion in the next five years, a report said. As per the 'Vision 'Developed India' Opportunities and Expectations of MNCs' survey conducted jointly by EY and CII, 71 per cent of MNCs considered India to be an attractive investment destination for their global expansion, while an overwhelming 96 per cent of the respondents were positive about the Indian economy in the long run. The multinational companies (MNCs) appreciate the impact of GST, the government's digital push in various spheres, and transparency in taxation, amongst other reforms. As per the survey, the optimism is driven by both the short-term prospects, where a majority of MNCs feel that the Indian economy will perform significantly better in 3-5 years. "India's reforms focus and economic growth gives rise to FDI opportunity of USD 475 billion in the next five years," the EY-CII report said. FDI i

Inclusive digitisation: G20 nations need to adopt inter-operable platforms

G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward

Quality will define India in time to come, says Union Minister Piyush Goyal

Union Minister of Commerce and Industry Piyush Goyal asked the Quality Council of India to strive to bring about a convergence of all the various quality and standards organizations in the country

Employers favour administrative labour reforms over legislative ones

Report reveals that just 20% of fixed-term employment contracts are renewed

Should India go for bond issue to tap NRIs, other overseas investors?

The crucial issue is what should be the interest rate to attract overseas investors, mainly Indians to take part in it

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

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

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

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

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

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