Page 5 - Confederation Of Indian Industry

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

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

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

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

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

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