CII opposed some provisions, especially on the proposed move to the new definition of a subsidiary, and that a subsidiary cannot have another subsidiary, in the Companies Bill, saying that it will stunt growth in the corporate sector.
Information and Broadcasting Minister Ravi Shankar Prasad is leading a delegation to the Cannes Film Festival, where Bollywood star Aishwarya Rai's nomination on the jury has created an India focus in the Cannes market this year.
The report is likely to recommend that India adopt the German model of 'constructive no-confidence' which stipulates that the unseating of a government must be immediately followed by the formation of a new one, which will serve out the remainder of the legislative term.
'I get enormous pleasure from seeing the uplift of an underprivileged or poor person.' 'I feel elated when I walk on the street and see someone who pushes a handcart talking on a cell phone.' A revealing glimpse from Peter Casey's The Story of Tata: 1968 to 2021.
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CII hopes that the RBI would not wait for the next quarterly review but intervene sooner if the economic condition warrants a mid-course correction.
The Confederation of Indian Industry on Monday revised upwards its projections for the country's gross domestic product growth to 7.2 per cent for 2003-04 as against its earlier projection of 6.5 to 6.8 per cent.
Whether it's Carrefour, Ford, or other foreign majors, they are ready to adjust their strategies and design their plans in a way that would address the Indian consumption story.
Confederation of Indian Industry has suggested levying of basic excise duty at uniform rate of eight per cent across the value chain in textiles stating "it will make the sector competitive in the global market."
Oxford University has signed a memorandum of understanding with the Confederation of Indian Industry to set up India Business Centre.
The Confederation of Indian Industry expects an upswing in the Indo-UK bilateral relations under new British Prime Minister Gordon Brown.
The Confederation of Indian Industry will start its Shanghai office in July, a senior official of the chamber said.\n\n\n\n
The impact of the parting of ways between Geneva-based World Economic Forum and CII was felt on the ground when president of the industry chamber Adi Godrej was prevented from entering a discussion hall.
The Confederation of Indian Industry will accompany a high-level delegation of Indian Members of Parliament to the United States from May 19 to 23 as part of efforts to foster better bilateral trade ties.
'For me, if I want to buy a house to stay, I don't care about indexation because I don't want to sell that house.' 'The only thing that matters to me as a buyer is that the home price should be within my reach.' 'Any market, when speculators and investors go out, it will benefit the middle class.'
With its inherent advantages, Karnataka has the potential to become a global aerospace hub by 2015, an industry body said on Friday as it urged the state government to launch a host of initiatives to make this happen.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
Economic growth slipped to a nine-year low of 6.5 per cent last financial year, but India Inc fears further deceleration in the GDP expansion during 2012-13, shows a survey.
Projecting a higher growth rate of 8.3 per cent, the Confederation of Indian Industry on Thursday tempered the optimism with the caution that hardening interest rates, below-normal monsoon and spiralling oil prices could cut-off the crescendo.
The Congress vice president made a political speech to the mandarins of corporate India. He charmed them with his good intentions but left them unsure with his ability to get things done. Sheela Bhatt analyses the Congress scion's address at the CII.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.
A 14-member CEOs' delegation, led by Sunil Kant Munjal, President, CII, will embark on a mission to the UK from June 29 to July 1.
