'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Strongly denying that economy is slowing down, CII President K V Kamath on Monday said one has to see India Inc's performance in the next two quarters to pass a judgement.
The CII delegation includes many eminent names.
Managing director of Ashok Leyland R Seshasayee was elected CII president while Sunil Bharti Mittal of Bharti Telecom became the vice president on Wednesday.
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.
The CII also hailed the exemption from seeking prior or post acquisition permission from CCI when an entity already holding 25 per cent or more stake in a company acquires up to 5 per cent additional stake in a financial year if its total stake does not cross 50 per cent.
'Three manufacturing sectors can create jobs by the million: Apparel, food, and electronic assembly.' 'Let's talk to them and ask them what it would take to scale by a factor of ten,' suggests Naushad Forbes.
Confederation of Indian Industry president B Muthuraman on Monday met Prime Minister Manmohan Singh and apprised him about the chamber's priorities for the year, including skill development and its commitment towards weaker section of the society.
Fiscal benefits available under Section 80-IA of the Income-Tax Act to power projects should be extended till 2015 instead of March 31, 2010, according to the Confederation of Indian Industry.
CII on Thursday objected to any mandatory reservation for socially underprivileged in the private sector even as it forecast 8.3 per cent GDP growth target for this financial 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.
As campaigning picks up for the Lok Sabha elections, the newly elected President of industry body CII, Venu Srinivasan, has said he will promote a transparent way of donations to political parties by business houses.
After a 27-year long alliance, the World Economic Forum (WEF) and the Confederation of Indian Industry (CII) have parted ways on organising the India Economic Summit, fuelling many theories on the reason. Both the organisations, however, sought to play down the development, saying it was a natural evolution for the Davos-based WEF to organise its event in India as it does in other regions.
India's economy is likely to grow in the range of 4.5 to 5 per cent during the second half of the current fiscal, a CII survey said.
He succeeds Adi Godrej, Chairman of the Godrej Group.
Chamber urges government to present industry-friendly and pro-investment Budget
Chandrajit Banerjee, director general, CII said: "This move will bestow the benefits of information technology to the common man and will also help establish citizenship, thus enhancing security at various levels. This would further bring transparency in different delivery channels, help in mapping diverse requirements of the nation and, in turn, assure better planning and strategisation for the country."
As Chandigarh braces for a fierce contest between Congress candidate Manish Tewari and the BJP's Sanjay Tandon, its industry leaders harbour a fervent wish: Replicate the success of the National Capital Region model in this Union Territory.
Take the Rediff Business Quiz and find out how much you know about the Confederation of Indian Industry.
The Confederation of Indian Industry on Thursday elected Sunil Kant Munjal and Y C Deveshwar as the president and vice president, respectively, for 2004-05.
The CII feels the 20-year scheme was introduced to boost domestic industry and provide a platform to Indian industry to compete with their foreign counterparts.
B Muthuraman said while the Indian industry must seek to make growth inclusive and sustainable and must work towards addressing various inequalities in society, affirmative actions cannot be made mandatory.
The Confederation of Indian Industry (CII) will adopt 15 Industrial Training Institutes (ITIs) to convert them into centres of excellence.
CII director general Tarun Das said, "It has outlined new strategies for growth with reduction of excise duty."
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances