Cii

Cii News

Demographic dividend may turn into liability sans enough jobs, skilled workforce, says CII report
India

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
World

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
Business

RBI slashes repo rate: Big relief to small businesses but more support needed; move to revive demand, say industry bodies

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
Business

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
Business

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

Time for action to make India global manufacturing hub in post-coronavirus world: Industry experts
Business

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
Business

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
Business

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

Coronavirus Outbreak: PepsiCo partners CII to serve 2 million meals in Punjab, Haryana, Rajasthan
Business

Coronavirus Outbreak: PepsiCo partners CII to serve 2 million meals in Punjab, Haryana, Rajasthan

Food and beverage major PepsiCo India on Thursday joined hands with industry body CII to provide two million meals to the marginalised communities in Punjab, Haryana and Rajasthan

Lockdown 2.0 guidelines: Industry backs move, calls for reopening export sectors from 20 April
Business

Lockdown 2.0 guidelines: Industry backs move, calls for reopening export sectors from 20 April

India Inc on Wednesday backed the government's move to allow industrial units located in rural areas to function from 20 April, and said it will ensure preventive measures for Covid-19 while restarting economic activities

Coronavirus India Roundup, April 11: 1,035 new cases, lockdown extension till 30 April imminent
Health

Coronavirus India Roundup, April 11: 1,035 new cases, lockdown extension till 30 April imminent

While no official announcement has been made yet, many highly placed sources are suggesting that extending the lockdown is inevitable.

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
Business

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues

Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation

Coronavirus Outbreak: India’s tourism sector may lose Rs 5 lakh cr revenue, 4-5 cr jobs could be cut
Business

Coronavirus Outbreak: India’s tourism sector may lose Rs 5 lakh cr revenue, 4-5 cr jobs could be cut

The coronavirus pandemic would have a debilitating impact on India's tourism sector with the industry estimating an overall loss of Rs 5 lakh crore and job cuts for 4-5 crore people

Coronavirus Outbreak: Industry bodies seek extension of financial year till 30 June citing current economic situation
Business

Coronavirus Outbreak: Industry bodies seek extension of financial year till 30 June citing current economic situation

CII also called for allowing companies to pass circular resolutions for restricted matters without the requirement of conducting a board meeting for approving such matters for a period up to June 30, 2020.

Coronavirus: CII seeks exemption for e-commerce, ITeS, food processing from prohibitory orders
Business

Coronavirus: CII seeks exemption for e-commerce, ITeS, food processing from prohibitory orders

The Confederation of Indian Industry has urged the government to exempt services such as e-commerce including delivery boys and supply chain vendors, food processing warehousing and IT-ITeS from the imposition of section 144 and other similar directives amid the coronavirus outbreak

Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
Business

Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days

The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.

Top J&K officials to visit Mumbai today, meet industry leaders to pitch business possibilities in Valley
Business

Top J&K officials to visit Mumbai today, meet industry leaders to pitch business possibilities in Valley

A global investors' summit is being planned at Srinagar in May, and the event in a city hotel is organised by industry lobby CII, which is also a national partner for the summit

Expectations high on 'mini' trade deal, higher investments from US firms during Trump's visit: India Inc
Business

Expectations high on 'mini' trade deal, higher investments from US firms during Trump's visit: India Inc

At the invitation of Prime Minister Modi, Trump is slated to travel to India on 24 and 25 February

Budget 2020: CII for higher tax benefits for homebuyers to boost demand in real estate sector
Business

Budget 2020: CII for higher tax benefits for homebuyers to boost demand in real estate sector

Industry chamber CII on Thursday urged the government to increase tax benefits for homebuyers to boost demand in the liquidity-hit real estate sector