Category Archives: CII

MoD & OFB ensure a level playing field for Private Sector

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The Ordnance Factory Board (OFB) in association with Confederation of Indian Industry (CII), organised a Seminar & Exhibition on OFB-Industry Partnership for Vendor Development and Outsourcing by OFs on 24th & 25th of August 2016 at New Delhi. The Seminar was inaugurated by Shri Manohar Parrikar, Hon’ble Raksha Mantri while the exhibition was… Read More

Urjit R Patel takes charge as RBI Governor

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Dr. Urjit R. Patel assumed charge as the twenty-fourth Governor of the Reserve Bank of India effective September 4, 2016 after serving as Deputy Governor since January 2013. He was re-appointed as Deputy Governor on January 11, 2016 after completion of his first three-year term of office. Among his assignments as Deputy Governor, Dr. Patel chaired the Expert… Read More

Technology will power new wave of change for the Indian Insurance Industry

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Technology will power the new wave of change for the Indian Insurance Industry, reveals  the CII-EY report titled Insurer of the Future. The report recommends pursuing technology to improve the traditional insurance process and to re-configure the insurance business model. The customer is at the center of digital transformations across the value chain… Read More

Untapped Hydroelectricity Capacity key to meet Energy Deficit: CII-PwC

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India has witnessed transformational change in the energy sector over the past few years, through supportive policy interventions and sector reforms, making it the fourth largest producer of electricity in the world. However, rapid economic growth has led to a surge in energy demand leading to a grappling power deficit situation in the country. Managing… Read More

India improves its GII innovation rank 15 positions in 2016

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India has improved its innovation ranking in GII to reach 66th position from its last year’s rank of 81st, this improvement in the rank for India comes after 5 years of continuous drop in its ranking. Switzerland, Sweden, the United Kingdom, the United States of America, Finland and Singapore lead the 2016 rankings in the Global Innovation Index, released… Read More

CII – IBA Financial Conditions Index improves to 61.1 in Q1 FY 2016-17

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The CII – IBA Financial Conditions Index at 61.1 for Q1 FY 2016-17 shows healthy improvement in the overall financial conditions in the Indian economy vis-à-vis the previous quarter (47.8) reflecting from strong expectations of leading banks and financial institutions of reduction in cost of funds, comfortable liquidity position and better external… Read More

Suresh Prabhu urges corporate sector to use CSR to spur development

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The Railways is very keen on seeking Industry participation in the areas of Water Management & Renewable Energy, said Mr. Suresh Prabhu, Minister of Railways. He was speaking at the inaugural session of the National Summit on CSR – Towards Effective CSR: Innovations – Approach and Application, organised by the Confederation of Indian Industry (CII)… Read More

Indian Industry and institutes need to be in equilibrium on R&D

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Dr R Chidambaram, Principal Scientific Advisor, and Chairman, Scientific Advisory Committee to the Cabinet delivered the First Dr. APJ Abdul Kalam Memorial Lecture organised by CII and Dr APJ Abdul Kalam International Foundation, in New Delhi. He outlined future areas of research such as big data analytics, high-tech startups, etc and stressed that industry… Read More

Urjit Patel appointed new RBI Governor

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The government has appointed Dr Urjit Patel to replace Shri Raghuram Rajan as the RBI governor. Urjit Patel will take charge on September 4, the day Raghuram Rajan completes his three-year term. Rajan had announced in June that he would step down in September and return to academia after a single three-year term at the RBI. Patel has been known as ‘inflation… Read More

India@75 – CII platform brainstorms on key factors for a developed India by 2022

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Confederation of Indian Industry (CII) under its initiative India@75 organized a Conclave at New Delhi on 8 August, 2016. The conclave was part of the CII’s nation building agenda being taken forward through its India@75 initiative for creating a developed India by the 75th year of Independence in 2022.

Theme of the Conclave was Focusing on Enablers for … Read More

CII Financial Market Conclave 2016

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At a time when India is giving a push to build high-growth economy, robust industrial activity across sectors, create new jobs, a thriving capital market could be a game-changer. That was the consensus of the experts who spoke at the CII organized Financial Market Conclave . According to them, 1% saving in the corporate debt market segment will be a huge boost… Read More

Passage of GST Bill signifies a Landmark Reform on Indirect Taxes for Economy

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CII welcomes the passing of the Constitution (One Hundred Twenty Second Amendment) Bill 2014 related to the Goods and Services Tax (GST) by the Rajya Sabha on 3 August 2016.

“GST is India’s most significant tax reform in decades. GST, when implemented, is expected to usher in a harmonised national market of goods and services and shall leadRead More