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
Tag: Confederation of Indian Industry
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CCI chief warns of cascading effect from gas price hike
President of the Confederation of Indian Industry (CII), S Gopalakrishnan said the governmentĂâs move to almost double gas prices with effect from April 2014 will have a Ăâcascading effectĂâ 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, ĂâI do not believe that the price of gas (produced in India) ought to be se
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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.
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CII recommendations: Issues in infrastructure
In order to make the Indian infrastructure sector viable and capable, the CII has recommended on some key policy issues. The Industry body has sought that these recommended key steps will give a fillip to investment in the sector.
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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.
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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
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CII for speedy implementation of key railway projects
Confederation of Indian Industry (CII) has said that Government should take steps for speedy implementation of key railway projects such as the dedicated freight corridor, high-speed rail corridors and other capacity enhancement works to reduce supply chain costs.
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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.
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Economy may grow 5-6% next yr
According to a joint survey by Confederation of Indian Industry (CII) and McKinsey & Co, Indian economy may expand 5-6
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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.