Cii
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India Inc welcomes 5G launch, says it will usher in inclusive digital transformation
•Capable of supporting ultra-high-speed internet, the fifth generation or 5G service is expected to unleash new economic opportunities and societal benefits, serving as a transformational force for Indian society
Demographic dividend may turn into liability sans enough jobs, skilled workforce, says CII report
•The report said that high quality school education, relevant higher education and skill development aligned to industry needs are some of the pre-requisites, if India is to become an economic powerhouse
US India Business Council meets Nirmala Sitharaman; shows interest in ramping up investment
•USIBC and CII hosted an interactive session in Washington on Wednesday
RBI slashes repo rate: Big relief to small businesses but more support needed; move to revive demand, say industry bodies
Fp Staff •The benchmark repurchase (repo) rate was cut by 40 basis points to 4 percent, the lowest since the benchmark came into being in 2000, RBI Governor Shaktikanta Das said.
Coronavirus Outbreak: SEBI reaches out to market participants; discusses capital raising, disclosure issues
•Tyagi said SEBI has been responding to market developments through appropriate measures in consultation with various stakeholders.
Coronavirus Lockdown: Industry body CII bats for immediate stimulus package of Rs 15 lakh cr
•Industry body CII on Friday suggested that the government should immediately announce a stimulus package of Rs 15 lakh crore, or 7.5 percent of the GDP, observing that the COVID-19 pandemic has led to "deep distress" in the Indian economy
CNBCTV18-CII CEO snap poll: More than 50% expect business normalcy in 6-12 months; want calibrated exit from lockdown
Fp Staff •Around 71 percent of the CEOs said layoffs were not imminent in their organisations.
Time for action to make India global manufacturing hub in post-coronavirus world: Industry experts
•India can be the destination of choice for global manufacturing in the post-COVID 19 world if it gets its acts together with the right policies as a lot of things are going for the country, say industry experts
Over one million IT employees will continue to work from home post-lockdown: Kris Gopalakrishnan
•More than one million information technology employees are expected to continue to work from home even after the coronavirus-inflicted lockdown situation returns to normalcy, says IT industry veteran Senapathy (Kris) Gopalakrishnan
Coronavirus Outbreak: India’s GDP growth likely to range between decline of 0.9% and growth of 1.5% in FY21, says CII
•India's GDP is likely to range between a decline of 0.9 percent and a growth of 1.5 percent in the current financial year, with the economy undergoing a "turbulent" phase caused by the coronavirus-induced lockdown, according to a report