Over 17 months and counting. That’s how long members of the Employees’ Pension Scheme (EPS) have been waiting to see the implementation of the November 2022 Supreme Court ruling on higher pension. While they still have hope, there is little clarity on when the apex court’s ruling will be implemented by the Employees’ Provident Fund … Read more
New Delhi: India‘s economy is poised to achieve 8-9% growth, Confederation of Indian Industry (CII) president R Dinesh told ET in an interview, highlighting land, labour and manufacturing reforms as the key focus areas for the new government, which he said will also spur private investment. “We should consider establishing a fund to support new-age … Read more
Right policies and a proactive approach by the government will help India achieve USD 2-trillion exports target of goods and services by 2030, Chairman, CII national committee on EXIM, Sanjay Budhia, said here on Friday. He said the global economy is still going through turmoil due to geopolitical tensions and the trade environment remains challenging. … Read more
Trade ministers of India and France have held discussions related to the ongoing talks for a free trade agreement between India and the European Union, the commerce ministry said on Wednesday. Commerce and Industry Minister Piyush Goyal was in Paris to attend India-France Business Summit and CEOs roundtable meet. He held bilateral meetings with several … Read more
Union finance minister Nirmala Sitharaman on Tuesday noted that the interaction between the government and industries should be more centred around futuristic ideas. “The industry will have to come up with ideas, talk with government…The need of the hour is to give money where there is an idea waiting to bloom and that idea is … Read more
New Delhi: The Confederation of Indian Industry (CII) Sunday asked the Reserve Bank of India to consider moderating the pace of its monetary tightening ahead of the forthcoming monetary policy review, citing challenges emanating from global headwinds. “Given the headwinds to domestic growth mainly emanating from the global uncertainties, the RBI should consider moderating the … Read more
Pharma products, electrical machinery, vehicles, plastics, furniture and textiles are among the 14 product categories that the Confederation of Indian Industry (CII) has identified for India to clock $1 trillion merchandise exports by 2030. These would contribute over half of the target while the rest would be met fuels and gems & jewellery, among others. … Read more
India’s foreign trade is in comfortable position and the time has come for India to engage more with the world, Commerce and Industry Minister Piyush Goyal said on Saturday. The minister called upon the captains of Indian industry to set ambitious targets as the economy is poised for a sustained spell of rapid growth. Addressing … Read more
The real estate sector plays a multiplier effect in the development of the economy and is expected to reach a market size of USD 1 trillion by 2030, accounting for 18-20 per cent of India’s GDP, Niti Aayog CEO Amitabh Kant said on Friday. Virtually addressing an event organised by industry body CII, Kant further … Read more
The government is looking at rolling out a five-year strategic perspective plan to make India a significant tech player, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Tuesday. The minister added that the Ministry of Electronics and IT (MeitY) will partner with the private sector in areas not just limited to soliciting … Read more