By suggesting to Indian industry to put a lid on huge pay packets to top executives and show more responsibility to the poor, Prime Minister Manmohan Singh has offered the kind of penetrating and wide-ranging critique of capitalism.
Expressing shock and concern over the blasts in Mumbai and Srinagar, industry chambers on Wednesday said such incidents would not deter foreign investors from pumping their money in India.
It has suggested a provision for setting up land bank corporations to facilitate acquisition and disbursement of land for industrial use.
Confederation of Indian Industry said on Friday sharp fluctuations in the stock markets notwithstanding, the long-term outlook of the Indian capital market is bullish.
Olympic Gold Quest, an initiative to support talented Indian sportspersons in their quest for Olympic medals, signed a Memorandum of Understanding with the Confederation of Indian Industry, on Friday, to promote sports at the grassroots level through the involvement of corporates.
Confederation of Indian Industry (CII) in its Pre budget memorandum for Union Budget 2012-13 has asked the government to announce initiatives that can accelerate the pace of private investments.
"Foreign Direct Investment (FDI) will bring along backward integration and investment in farm to fork. States like Karnataka, Andhra Pradesh, Tamil Nadu will be able to move produce more efficiently across the country", Confederation of Indian Industry (Southern Region) Chairman T T Ashok said in a statement.
The chamber, however, made a strong case for providing stimulus to the economy in the upcoming budget with a view to increasing capital expenditure. To prop up the slowing down economy, the government came out with three stimulus packages in December, January and in the Interim Budget, providing incentives to various sectors and cutting certain indirect taxes across-the-board.
The Confederation of Indian Industry is organising 'Digital Maharashtra', an IT convention in Pune on November 29 to showcase the business climate and investment opportunities for the infotech industry in the state.
The interim free trade agreement between India and Australia will come into force on Thursday, providing duty-free access to thousands of domestic goods such as textiles, and leather in the Australian market. The agreement will help almost double the bilateral commerce to $45-50 billion in around five years, according to exporters and industry players. The Economic Cooperation and Trade Agreement (ECTA), which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market.
India's apex industry chamber Confederation of Indian Industry has landed itself in a controversy over the issue of its support to launching negotiations on trade and investment issues, opposed by developing countries.
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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.
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 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 Centre is unlikely to offer new direct tax incentives for units operating in special economic zones (SEZs) and may instead allow the grandfathering of previous exemptions that such units were entitled to, according to proposed amendments to the SEZ Act, 2005, people aware of the matter said. The amendments, proposed by the commerce department, will soon be considered by the Cabinet for approval. This represents a departure from the department's earlier plan to introduce these changes through the Development Enterprises and Services Hubs (DESH) Bill, 2023, which faced strong criticism from the ministry of finance.
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 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.
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."
The Confederation of Indian Industry expects an upswing in the Indo-UK bilateral relations under new British Prime Minister Gordon Brown.
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.
The Confederation of Indian Industry will start its Shanghai office in July, a senior official of the chamber said.\n\n\n\n
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.
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.
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.
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.
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