New Delhi: India isn’t looking for a short burst of accelerated economic growth but a sustained expansion rate of over 7% for at least the next two decades, which requires a whole “reimagining” of its financial sector, economic affairs secretary Ajay Seth said on Tuesday. Delivering the valedictory speech at a Confederation of Indian Industry … 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
Vivek Joshi, Secretary, Department of Financial Services, in New Delhi. | Photo Credit: KAMAL NARANG The roadmap for 2047, includes an average growth of 7% to 7.5%; rise of domestic savings to 31% of GDP; rise in credit-to-GDP ratio to 130% among others, said Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance on … 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
India has emerged clearly much stronger after the COVID-19 pandemic and it was acknowledged by the world, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Friday. Addressing an event organised by the industry body Confederation of Indian Industry, Sanyal said India is the fastest-growing major economy and its economic growth … Read more
The IIT-CII Centre would work on mathematical forecast models based on health data that would help minimise the impact of infectious diseases. The Confederation of Indian Industry (CII) and the Indian Institute of Technology Kanpur have collaborated to launch IIT Kanpur – CII Risk Surveillance Centre to monitor and control the spread of Covid-19 and … Read more
Earlier, inaugurating the Summit, Science & Technology Minister Jitendra Singh noted that the ISRO had launched Singapore’s first indigenously built micro-satellite in 2011 and eight more during 2014-15. India’s new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines, … 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
The CII partnership with SII will catalyse industry participation to reach out to communities at large. CII will connect the community, hospitals and corporates to fast-track vaccination Narendran said. The Confederation of Indian Industry (CII) has entered into an agreement with vaccine maker Serum Institute of India (SII) to take Covid-19 vaccines to small towns … Read more