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CII seeks priority sector lending for new and emerging sectors The Confederation of Indian Industry (CII) has sought reforms in India's Priority Sector Lending (PSL) framework to enable the setting up of more Development Finance Institutions (DFI) to provide funds to new and emerging sectors such as digital infrastructure, green initiatives, healthcare, and innovative manufacturing.  "The current Development Finance Institutions like SIDBI and NABFID have their roles cut out as they have earmarked sectors to finance. Therefore, CII has s...
CII seeks priority sector lending for new and emerging sectors
CII seeks priority sector lending for new and emerging sectors
Source: IANS
2024-12-22 04:18:32 pm
India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report A joint report by the Confederation of Indian Industry (CII) and EY has said that the country’s tourism and hospitality sector is projected to require an additional 61.31 lakh workers to cater to an increasing tourism activities by 2036-37. The CII and EY in a whitepaper titled ‘Employment Landscape in Tourism and Hospitality in India’ provides a forward-looking analysis of employment trends in one of India’s most dynamic sectors and highlights its critical role in dri...
India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report
India`s tourism and hospitality sector poised for 61 lakh new jobs by 2036-37: CII EY Report
Source: Accord Fintech
2024-12-19 10:21:41 am
CII urges government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25 The Confederation of Indian Industry (CII) has suggested the government to stick to the fiscal deficit target of 4.9 per cent of GDP for 2024-25 and 4.5 per cent for 2025-26, and cautioned that overly aggressive targets beyond these could adversely affect India's economic growth. It noted that India has been growing rapidly amidst a slowing global economy and prudent fiscal management for macroeconomic stability has been pivotal to this growth. CII highlighted the announcement in the U...
CII urges government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25
CII urges government to stick to the fiscal deficit target of 4.9% of GDP for 2024-25
Source: Accord Fintech
2024-12-09 11:31:28 am
CII lauds Centre`s fiscal policy in run-up to Union Budget 2025-26 India has been growing rapidly amidst a slowing global economy due to the Government's prudent fiscal management for macroeconomic stability, CII director Chandrajit Banerjee said on Sunday.  Elaborating on the CII suggestions for the forthcoming Union Budget, he said, "The fiscal management has maintained the perfect balance between the fiscal deficit and fiscal support to growth. This has provided macroeconomic stability to the economy and helped build resilience in an envi...
CII lauds Centre`s fiscal policy in run-up to Union Budget 2025-26
CII lauds Centre`s fiscal policy in run-up to Union Budget 2025-26
Source: IANS
2024-12-08 05:32:40 pm
Global South not responsible for environmental damage: Piyush Goyal At the inaugural session of Confederation of Indian Industry (CII) Partnership Summit 2024, Union Minister of Commerce & Industry, Piyush Goyal has said that Global South is not responsible for global environmental damage but has been caused by the developed countries who enjoyed the benefit of low cost energy. Trade Ministers from the Italian Republic, State of Israel, Bhutan, Bahrain, Algeria, Nepal, Senegal, South Africa, Myanmar, Qatar and Secretary of State for Ministry of Commerce o...
Global South not responsible for environmental damage: Piyush Goyal
Global South not responsible for environmental damage: Piyush Goyal
Source: Accord Fintech
2024-12-03 03:14:00 pm
Piyush Goyal launches CII`s `Ease of Doing Business`portal  Commerce and Industry Minister Piyush Goyal on Thursday launched the CII Ease of Doing Business and Regulatory Affairs portal for getting insights into India's business environment and to receive and track suggestions for improvement.    The portal was launched at the 2nd Department for Promotion of Industry and Internal Trade (DPIIT) – Confederation of Indian Industry (CII) national conference on Ease of Doing Business held here. The portal attempts to provide...
Piyush Goyal launches CII`s `Ease of Doing Business`portal
Piyush Goyal launches CII`s `Ease of Doing Business`portal
Source: IANS
2024-11-29 09:07:35 am
India Inc`s business sentiment soars amid policy continuity, robust domestic demand Buoyed by policy continuity and strong domestic demand, especially in rural India, business optimism has soared among India Inc and the industry remains bullish on business sentiments in FY25, a survey showed on Sunday.  The Confederation of Indian Industry (CII) Business Confidence Index rose to a two-quarter high of 68.2 in the second quarter of the current financial year (July-September period), as compared to 67.3 in the previous quarter and 67.1 in the corresponding quarter last ...
India Inc`s business sentiment soars amid policy continuity, robust domestic demand
India Inc`s business sentiment soars amid policy continuity, robust domestic demand
Source: IANS
2024-10-06 12:36:31 pm
Mumbai airport bags CII`s national award for Excellence in Energy Management Aspiring for ‘Net-Zero Emissions’ in the next five years, the Chhatrapati Shivaji Maharaj International Airport (CSMIA) has bagged the CII’s national award for Excellence in Energy Management, officials said here on Tuesday.   The CSMIA has been honoured with the prestigious Energy Efficient Unit Award for Excellence in Energy Management by the Confederation of Indian Industry (CII) at the 25th CII National Awards at a function held in Hyderabad. The award was giv...
Mumbai airport bags CII`s national award for Excellence in Energy Management
Mumbai airport bags CII`s national award for Excellence in Energy Management
Source: IANS
2024-09-18 08:47:08 am
IMEC initiative to boost India`s maritime security, trade: Piyush Goyal The India-Middle East-Europe Economic Corridor (IMEC) initiative will add to the country’s maritime security and faster movement of goods between Europe and Asia, Union Commerce Minister Piyush Goyal said on Friday, adding that there is also huge potential for cooperation in the tourism sector.  Addressing the ‘CII India-Mediterranean Business Conclave 2024’ in the national capital, Commerce Minister said that IMEC was launched during the country’s G20 presiden...
IMEC initiative to boost India`s maritime security, trade: Piyush Goyal
IMEC initiative to boost India`s maritime security, trade: Piyush Goyal
Source: IANS
2024-09-06 03:00:33 pm
Indian companies keen to explore investment opportunities in Austria: Industry Indian companies are keen to explore investment opportunities in Austria across areas such as Research and Development, artificial intelligence (AI) and software in sustainability areas for addressing the European market, industry experts as Prime Minister Narendra Modi concluded his historic visit to the country.  Speaking at the India-Austria Business Forum in Vienna, organised by the Confederation of Indian Industry (CII) with Austrian Federal Economic Chamber and Federation of Aus...
Indian companies keen to explore investment opportunities in Austria: Industry
Indian companies keen to explore investment opportunities in Austria: Industry
Source: IANS
2024-07-11 06:10:46 pm
Union Budget: Infra push, structural reforms for sustainable growth key industry wish-list With the government set to present the Union Budget 2024-25 on July 23, industry leaders and experts have reiterated the importance of structural reforms to drive sustainable and inclusive economic growth, especially the critical role of infrastructure development towards India becoming the third largest economy.  According to industry chambers, by prioritising structural reforms, strategic infrastructure development, targeted sectoral initiatives and a rationalised tax system, India ...
Union Budget: Infra push, structural reforms for sustainable growth key industry wish-list
Union Budget: Infra push, structural reforms for sustainable growth key industry wish-list
Source: IANS
2024-07-07 11:13:04 am
India electronics component manufacturing to hit $240 bn by 2030, create 2.8 lakh jobs by 2026 As the government doubles down on making India a global manufacturing hub, the demand for electronics components and sub-assemblies is likely to scale to $240 billion by 2030, paving the way for $500 billion worth of electronics production goal while creating at least 2.8 lakhs new jobs by 2026, a report showed on Sunday.  Priority components and sub-assemblies including PCBAs, are projected to grow at a robust CAGR of 30 per cent, reaching $139 billion by 2030, according to the repor...
India electronics component manufacturing to hit $240 bn by 2030, create 2.8 lakh jobs by 2026
India electronics component manufacturing to hit $240 bn by 2030, create 2.8 lakh jobs by 2026
Source: IANS
2024-06-23 01:44:56 pm
Budget 2024-25: CII seeks steps to cut cost of business & enhance ease of doing biz Apex business chamber CII has in its presentation to the government ahead of the Union Budget, requested for the rationalisation of stamp duty on land and phasing out the cross-subsidy on power rates to "reduce the cost of doing business".    The CII presentation suggests that states should be encouraged to rationalise stamp duty. The apex industry chamber has also recommended that cross-subsidisation of power by industry to other user segments should be phased out as i...
Budget 2024-25: CII seeks steps to cut cost of business & enhance ease of doing biz
Budget 2024-25: CII seeks steps to cut cost of business & enhance ease of doing biz
Source: IANS
2024-06-19 09:20:46 am
Modi 3.0: Top industry chambers gear up for next phase of developmental journey The entire ecosystem of industry, trade and financial markets is re-energised with the beginning of the new government amid policy continuity, top trade and industry chambers have said.  According to Assocham, under the leadership of Prime Minister Narendra Modi, the country will be steered to greater heights, maintaining the fastest pace of growth among the major economies of the world. Sanjay Nayar, Assocham President, said PM Modi has rekindled the national resolve to become the...
Modi 3.0: Top industry chambers gear up for next phase of developmental journey
Modi 3.0: Top industry chambers gear up for next phase of developmental journey
Source: IANS
2024-06-12 03:10:14 pm
India to continue transformation under PM Narendra Modi towards becoming 3rd largest economy: CII The Confederation of Indian Industry (CII) on Monday said they are confident that under the astute leadership of Prime Minister Narendra Modi, the country would continue its economic transformation and emerge among the top three in the world.  In a statement, Sanjiv Puri, President of CII, congratulated PM Modi for assuming charge for the third consecutive term. “Building upon a strong growth rate of 8.2 per cent for 2023-24, the new government under his visionary leadership ...
India to continue transformation under PM Narendra Modi towards becoming 3rd largest economy: CII
India to continue transformation under PM Narendra Modi towards becoming 3rd largest economy: CII
Source: IANS
2024-06-10 02:04:24 pm
CII and ACCA join forces for strategic collaboration in India The Confederation of Indian Industry (CII) and ACCA (the Association of Chartered Certified Accountants) are pleased to announce the signing of a Memorandum of Understanding (MoU) aimed at fostering mutual cooperation and promoting business growth in India. This strategic partnership leverages the strengths of both organisations to support their respective members and advance the business environment.   The MoU, signed by Vikkas Mohan, Principal Adviser at CII and Lucia Real-M...
CII and ACCA join forces for strategic collaboration in India
CII and ACCA join forces for strategic collaboration in India
Source: PR Agency
2024-05-31 09:27:07 am
Income tax department notifies Cost Inflation Index for current fiscal The income tax department has notified the Cost Inflation Index (CII) for the current fiscal beginning April 2024, for calculating long-term capital gains arising from sale of immovable property, securities and jewellery. The CII is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation. The CII for financial year 2024-25, relevant to assessment year 2025-26, stood at 363, as per a notification of the Central Board of Direct Taxes (CBDT). The CII nu...
Income tax department notifies Cost Inflation Index for current fiscal
Income tax department notifies Cost Inflation Index for current fiscal
Source: Accord Fintech
2024-05-27 10:04:27 am
Double-digit growth propels India's technical textiles industry to world's 5th rank India's technical textiles market has a huge potential as it is clocking a double-digit growth of 10 per cent and has become the fifth largest in the world, Rachna Shah, Secretary of Ministry of Textiles, said on Thursday. She said this while addressing a national Symposium on Advancements in Composites, Speciality Fibres and Chemicals organised here by the Ministry of Textiles in partnership with Confederation of Indian Industry (CII) and Ahmedabad Textiles Industries' Research As...
Double-digit growth propels India's technical textiles industry to world's 5th rank
Double-digit growth propels India's technical textiles industry to world's 5th rank
Source: IANS
2024-05-10 10:04:35 am
Centre, states need to come together to pursue big-ticket reforms in labour, land sectors: CII Confederation of Indian Industry (CII) President R Dinesh has said that the Centre and states need to come together to pursue big-ticket reforms in labour and land sectors to accelerate growth. He said a survey by CII expects the Reserve Bank of India (RBI) to cut benchmark interest growth in the second quarter (July-September) of FY25. The RBI has been holding the repo rate at 6.5 per cent since February 2023.  He highlighted the importance of building a consensus across all sta...
Centre, states need to come together to pursue big-ticket reforms in labour, land sectors: CII
Centre, states need to come together to pursue big-ticket reforms in labour, land sectors: CII
Source: Accord Fintech
2024-04-12 12:56:14 pm
Time for India to move into top gear with an eye on 2030 EV public infra goal As reports surfaced about tech billionaire Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government. India needs to have a robust backbone for charging infrastructure across the length and breadth of the country with considerations of traffi...
Time for India to move into top gear with an eye on 2030 EV public infra goal
Time for India to move into top gear with an eye on 2030 EV public infra goal
Source: IANS
2024-01-07 12:24:12 pm
Anupam Rasayan wins CII 3R Award for Best Industry Practices for Managing Own Waste Anupam Rasayan India Limited (“Anupam Rasayan”) (NSE: ANURAS, BSE:543275), one of India’s leading custom synthesis & speciality chemical player, has been honoured with the prestigious Confederation of Indian Industry (CII) Award for Best Industry Practice in Waste Management.   The evaluation process for this award included key components such as waste management strategies, a sustainable and innovative business model, and the Company's future plans. The C...
Anupam Rasayan wins CII 3R Award for Best Industry Practices for Managing Own Waste
Anupam Rasayan wins CII 3R Award for Best Industry Practices for Managing Own Waste
Source: PR Agency
2023-12-11 05:49:55 pm