Tag: Confederation of Indian Industry

Post
CII survey calls for reforms to stem rupee weakness

CII survey calls for reforms to stem rupee weakness

A survey conducted by industry body Confederation of Indian Industry (CII) highlights the importance of economic reforms in arresting the depreciation of rupee against dollar.Some of the key reforms mentioned by the participants of the survey are relaxing the sectoral cap on foreign direct investment (FDI), controlling fuel and fertiliser subsidies, removing hurdles to infrastructure proje

Post
CCI chief warns of cascading effect from gas price hike

CCI chief warns of cascading effect from gas price hike

President of the Confederation of Indian Industry (CII), S Gopalakrishnan said the government’s move to almost double gas prices with effect from April 2014 will have a “cascading effect” on power tariffs. He said this while addressing a press conference. He disfavoured the dollar pricing of domestically produced natural gas by saying the following, “I do not believe that the price of gas (produced in India) ought to be se

Post
Bangladesh expects $5 bn investment from India

Bangladesh expects $5 bn investment from India

In the next three years, Bangladesh expects investment from India to double to $5 billion. The neighbour country signed agreements worth around $23 million in Mumbai on June 27. Now, with greater trade ties with India, Bangladesh want to attract more foreign direct Investment (FDI), Matlub Ahmad, president, India-Bangladesh Chamber of Commerce and Industry, said.

Post
The undisputed leader

The undisputed leader

PP Gupta, the present promoter of Techno Electric & Engineering Company (TEECL), is an Honours Graduate in Industrial Engineering with Post-Graduation in Management from Indian Institute of Management, Ahmedabad.

Post
Performance indicators of banks deteriorate

Performance indicators of banks deteriorate

A survey by industry body Confederation of Indian Industry (CII) shows that key performance indicators of banks like credit growth, net interest income deteriorated in 2012-13. The survey, in which 5 public sector banks (PSBs), 3 private sector banks and 7 foreign banks participated, showed that growth in profit after tax (PAT) and return on equity also deteriorated in the current financial

Post
TN govt notifies Infrastructure Development Act

TN govt notifies Infrastructure Development Act

The Tamil Nadu government framed rules and notified the Tamil Nadu Infrastructure Development Act 2012. The state government has created an institutional framework through this law and it encompasses over 25 social and physical infrastructure sectors.

Post
CII against coal block de-allocation

CII against coal block de-allocation

Adi Godrej, President, Confederation of Indian Industry (CII), remarked that coal blocks allocated under due process should not be cancelled, as any such cancellation will adversely impact business sentiment. He also said that the judiciary should only interfere if there is any violation of law.