Following the Prime Minister’s intervention in Parliament and the developments on the economic front, the Confederation of Indian Industry said that the reiteration of Government’s commitment to economic revival was timely and pertinent. “CII had put forward industry’s ten-point agenda for economic revival to Government last month,” stated Mr Kris Gopalakrishnan, President, CII. “It is heartening that Government is taking action to counter the economic downswing.”
“Responding to the fast deteriorating economic parameters, CII had presented ‘An Agenda for Economic Revival’ to the Government in July. While the Government has outlined targets for CAD and fiscal deficit, CII said that specific steps are urgently required to stimulate growth and to improve investor sentiments,” said Mr Gopalakrishnan.
In its ten-point agenda, CII has recommended a comprehensive set of actionables, said the CII release issued here today.
The CII Business Confidence Index for the April-June 2016 quarter rose to 57.2, up from 54.1 in the previous quarter. The majority of respondents expect GDP growth between 7-8% and nearly two-thirds expect another cut in policy rates by the central bank. Over three-quarters believe inflation will be between 4-6% and most attribute the corporate sector recovery to increased government spending.
CII has had a longstanding engagement promoting business between India and Afghanistan since 2002. This includes opening an office in Kabul, organizing trade shows, capacity building programs that have trained over 1000 Afghans, and generating self-employment. More recently, CII helped organize the 2012 Delhi Investment Summit and presented recommendations at the Tokyo Conference on Afghanistan that same year. CII also facilitates visits of Afghan ministers and business delegations to key Indian events and leads business delegations from India to Afghanistan to explore opportunities in sectors like agriculture, mining, infrastructure and more. CII has signed MOUs with the Afghanistan Chamber of Commerce and Afghanistan Investment Support Agency to further business ties.
Sharing herewith the success story of Carrier Engineers, an SME Cluster Member of CII. For more information about CII Cluster Initiative, please contact sujith.haridas@cii.in
On the occasion of CII 1000 Visionary SME Programme Launch on 17th July 2013 in New Delhi, Pravesh Srivastava, Group President for Excellence in Manufacturing and Education, Anand Automotive Limited shared the success story. With learnings from VSME we have started our own "SSI Sahastra SME Institute". Under the leadership of Mr Deep Anand we have dedicated team of more than 150 managers and 250 engineers to transform our tier 2 companies in 3 years. We will also help other companies through CII to develop their SME's to achieve the target of 1000 SME's in next 3 years.
For more information, please contact p.girish@cii.in
On the occasion of CII 1000 Visionary SME Programme Launch on 17th July 2013 in New Delhi, Mr R B Singh, Chief - Quality & Manufacturing Excellence, Sona Koyo Steering Systems Ltd making a case study presentation on VSME. For more details, please contact p.girish@cii.in.
This document discusses the steel sector in India. It notes that India has the 3rd largest steel production capacity globally at around 110 million tonnes annually. The steel sector contributes around 2% to India's GDP and 6.7% to industrial GDP. It employs around 600,000 people. The document outlines the sector's potential for growth given India's large reserves of iron ore and coking coal, growing infrastructure and manufacturing sectors, and favorable demographics. However, it also lists challenges such as inconsistent availability of raw materials, underdeveloped infrastructure, high financing costs, global steel overcapacity, and threats of trade barriers.
The document provides an overview of the capital goods and engineering sector in India. It notes that the sector contributes around 5.8% annually to production and 12% to manufacturing GDP. The sector employs around 9 million people. The sector has seen growth in exports and foreign direct investment. However, it faces challenges such as a lack of domestic demand creation, issues affecting exports, gaps in technology, and factors impacting cost competitiveness. The sector has potential for further growth through policies supporting infrastructure development and manufacturing.
Following the Prime Minister’s intervention in Parliament and the developments on the economic front, the Confederation of Indian Industry said that the reiteration of Government’s commitment to economic revival was timely and pertinent. “CII had put forward industry’s ten-point agenda for economic revival to Government last month,” stated Mr Kris Gopalakrishnan, President, CII. “It is heartening that Government is taking action to counter the economic downswing.”
“Responding to the fast deteriorating economic parameters, CII had presented ‘An Agenda for Economic Revival’ to the Government in July. While the Government has outlined targets for CAD and fiscal deficit, CII said that specific steps are urgently required to stimulate growth and to improve investor sentiments,” said Mr Gopalakrishnan.
In its ten-point agenda, CII has recommended a comprehensive set of actionables, said the CII release issued here today.
The CII Business Confidence Index for the April-June 2016 quarter rose to 57.2, up from 54.1 in the previous quarter. The majority of respondents expect GDP growth between 7-8% and nearly two-thirds expect another cut in policy rates by the central bank. Over three-quarters believe inflation will be between 4-6% and most attribute the corporate sector recovery to increased government spending.
CII has had a longstanding engagement promoting business between India and Afghanistan since 2002. This includes opening an office in Kabul, organizing trade shows, capacity building programs that have trained over 1000 Afghans, and generating self-employment. More recently, CII helped organize the 2012 Delhi Investment Summit and presented recommendations at the Tokyo Conference on Afghanistan that same year. CII also facilitates visits of Afghan ministers and business delegations to key Indian events and leads business delegations from India to Afghanistan to explore opportunities in sectors like agriculture, mining, infrastructure and more. CII has signed MOUs with the Afghanistan Chamber of Commerce and Afghanistan Investment Support Agency to further business ties.
Sharing herewith the success story of Carrier Engineers, an SME Cluster Member of CII. For more information about CII Cluster Initiative, please contact sujith.haridas@cii.in
On the occasion of CII 1000 Visionary SME Programme Launch on 17th July 2013 in New Delhi, Pravesh Srivastava, Group President for Excellence in Manufacturing and Education, Anand Automotive Limited shared the success story. With learnings from VSME we have started our own "SSI Sahastra SME Institute". Under the leadership of Mr Deep Anand we have dedicated team of more than 150 managers and 250 engineers to transform our tier 2 companies in 3 years. We will also help other companies through CII to develop their SME's to achieve the target of 1000 SME's in next 3 years.
For more information, please contact p.girish@cii.in
On the occasion of CII 1000 Visionary SME Programme Launch on 17th July 2013 in New Delhi, Mr R B Singh, Chief - Quality & Manufacturing Excellence, Sona Koyo Steering Systems Ltd making a case study presentation on VSME. For more details, please contact p.girish@cii.in.
This document discusses the steel sector in India. It notes that India has the 3rd largest steel production capacity globally at around 110 million tonnes annually. The steel sector contributes around 2% to India's GDP and 6.7% to industrial GDP. It employs around 600,000 people. The document outlines the sector's potential for growth given India's large reserves of iron ore and coking coal, growing infrastructure and manufacturing sectors, and favorable demographics. However, it also lists challenges such as inconsistent availability of raw materials, underdeveloped infrastructure, high financing costs, global steel overcapacity, and threats of trade barriers.
The document provides an overview of the capital goods and engineering sector in India. It notes that the sector contributes around 5.8% annually to production and 12% to manufacturing GDP. The sector employs around 9 million people. The sector has seen growth in exports and foreign direct investment. However, it faces challenges such as a lack of domestic demand creation, issues affecting exports, gaps in technology, and factors impacting cost competitiveness. The sector has potential for further growth through policies supporting infrastructure development and manufacturing.
With the deadline for the MDG targets set to expire in 2015, the United Nations and its Member States have embarked on a process to define a future development agenda. UN Secretary General has called for inclusive broad-based consultations within member states on the priorities for the post-2015 development agenda.
To discuss further on how the Corporates could play a proactive role on MDG framework and post 2015 Development agenda Confederation of Indian Industry (CII) in association with UNDP, organizing a half a day workshop on Millennium Development Goals at 0930 hrs on 02 February 2013 in Hyderabad.
The Companies Bill 2012 was passed in the Lok Sabha on 18 December 2012. The bill seeks to consolidate and improve corporate governance and further strengthen the regulations for the corporates. One of the noticeable features of the bill is introduction of the most debated concept of Corporate Social Responsibility (CSR). The attached presentation by Ms Gayatri Subramanian, Program Coordinator - CSR & Corporate Governance, Indian Institute of Corporate Affairs, New Delhi, presents a clear picture on the new CSR Bill.
1) The document provides step-by-step instructions for various digital payment modes in India including Points of Sale (POS), Unstructured Supplementary Service Data (USSDS) based mobile banking, Unified Payments Interface (UPI), e-wallets, and Aadhaar Enabled Payment System (AEPS).
2) It explains the registration process and key steps to make transactions for each payment mode. This includes swiping a debit/credit card or scanning a QR code for POS, dialing codes and entering account details for USSD, selecting a bank app and entering account info for UPI, loading funds and making payments through apps for wallets, and providing Aadhaar and fingerprint for
La guitarra eléctrica es un instrumento musical que utiliza el principio de inducción electromagnética para convertir las vibraciones de sus cuerdas metálicas en señales eléctricas. Fue inventada en Estados Unidos a mediados del siglo XX y se toca posicionando los dedos en el mástil y rasgando las cuerdas con la otra mano. El sonido de la guitarra eléctrica depende del diseño de las pastillas magnéticas y su ubicación.
Kuwait is located in Southwest Asia between Iraq and Saudi Arabia. It has a hot desert climate with high summer temperatures and mild winters. Kuwait's economy relies heavily on oil production and exports. Some traditional Kuwaiti activities include horse racing, falconry, and pearl diving. Kuwait celebrates National Day annually to commemorate its independence in 1961.
India @ G20 : A Primer on Priorities
Economic growth, industrialization, infrastructure and access to energy provide the foundations of development
for any growing economy.
‘Building Resilience’ is the prime objective of the G20 and with this in mind this grouping has set itself the
task of increasing the stability and resilience of economies, and thus of the global economy as a whole. Global
economic growth had taken quite a blow in recent times and therefore become much weaker overall than it
did after previous economic downturns. As a result, public and private debt across various regions, Central
banks’ interest rates got negatively impacted in many G20 countries. Structural reforms in G20 countries, with
focus on fiscal and monetary policies are the key to stability and long-term sustainability.
CII-Confederation of Indian Industry-corporate governance codePallav Tyagi
The document summarizes recommendations from the Confederation of Indian Industry (CII) for effective corporate governance practices in India. Some key recommendations include: having independent, non-executive directors make up at least 30-50% of boards; limiting individual directorships to 10 companies; establishing audit committees for large companies; enhancing financial disclosures; implementing compliance certifications from CEOs and CFOs; and imposing penalties on companies that default on deposits. The CII is an industry association that works with the government and private sector to promote economic growth in India.
Coprocesing of waste in kuwait in local cement acer-pc-toshiba-pcAlexander Koshi
Kuwait generates 2 million tonnes of waste per year and all waste is currently dumped in 14 landfills. Most landfills have been closed for over 20 years due to operational and safety issues, and being surrounded by residential and commercial areas. Daily, 5000 tonnes of unsorted waste is dumped in landfills, occupying valuable land. The document proposes co-processing waste as alternative fuels in Kuwait's local cement industry in order to reduce environmental impacts, reuse waste as resources, and lower carbon emissions. Benefits would include upgrading waste management, reducing landfill area needs, and lowering annual waste management costs.
Petroleum coke is a byproduct of the oil refining process with a high calorific value and lower cost than coal. It can be used in cement production, with limitations on the amount used due to its high sulfur content. Using petcoke up to 24% as a substitute for existing fuel in a cement plant can maintain acceptable sulfur ratios and volatile matter levels in the clinker and coal mix, while lowering fuel costs. However, its abrasive nature and difficulty burning require modifications to equipment for effective utilization in kilns and calciners.
The document discusses the liquefied petroleum gas (LPG) industry in Bangladesh. It lists the major LPG companies operating in the country and provides details about their plants, storage capacities, and distribution networks. It also outlines the product lines and operations of prominent companies like Bashundhara LP Gas, Jamuna Gas, Omera Petroleum Ltd, and Totalgaz. Upcoming companies planning to enter the LPG sector are also mentioned. The LPG market in Bangladesh is growing and becoming more competitive with more private companies investing in import, storage and distribution facilities across the country.
The Confederation of Indian Industry (CII) is India's leading business association, with over 7100 member companies from both private and public sectors. Formed in 1895 as the Engineering and Iron Trades Association, CII works to create a conducive business environment in India and promote the growth of industry. It is a non-profit organization managed by industry leaders. CII's objectives include strengthening industry's role in the economy, acting as a catalyst for growth, integrating Indian industry globally, and reinforcing its commitment to social causes.
Closer to the Edge? Prospects for household debt repayments as interest rates...ResolutionFoundation
The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this slidecast the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes.
Oracle is a relational database management system where data is stored in tables and accessed using SQL. It has been in development since 1979 and has evolved to support new technologies. The Oracle database architecture uses a shared pool of memory to cache data and SQL for fast access. Data is organized into tablespaces which contain one or more datafiles to store table rows and other objects.
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST has been implemented in India for one year. A survey found that most respondents believe GST was the right decision and are satisfied with its overall implementation. Specifically:
- 83% believe GST was the right step. Nearly two-thirds are satisfied with the overall implementation.
- GST has had a positive impact on employment and demand for goods and services.
- Respondents were satisfied with many aspects of GST like registration, invoices, record keeping. However, some were less satisfied with penalties, interest rates and certain refund processes.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
With the deadline for the MDG targets set to expire in 2015, the United Nations and its Member States have embarked on a process to define a future development agenda. UN Secretary General has called for inclusive broad-based consultations within member states on the priorities for the post-2015 development agenda.
To discuss further on how the Corporates could play a proactive role on MDG framework and post 2015 Development agenda Confederation of Indian Industry (CII) in association with UNDP, organizing a half a day workshop on Millennium Development Goals at 0930 hrs on 02 February 2013 in Hyderabad.
The Companies Bill 2012 was passed in the Lok Sabha on 18 December 2012. The bill seeks to consolidate and improve corporate governance and further strengthen the regulations for the corporates. One of the noticeable features of the bill is introduction of the most debated concept of Corporate Social Responsibility (CSR). The attached presentation by Ms Gayatri Subramanian, Program Coordinator - CSR & Corporate Governance, Indian Institute of Corporate Affairs, New Delhi, presents a clear picture on the new CSR Bill.
1) The document provides step-by-step instructions for various digital payment modes in India including Points of Sale (POS), Unstructured Supplementary Service Data (USSDS) based mobile banking, Unified Payments Interface (UPI), e-wallets, and Aadhaar Enabled Payment System (AEPS).
2) It explains the registration process and key steps to make transactions for each payment mode. This includes swiping a debit/credit card or scanning a QR code for POS, dialing codes and entering account details for USSD, selecting a bank app and entering account info for UPI, loading funds and making payments through apps for wallets, and providing Aadhaar and fingerprint for
La guitarra eléctrica es un instrumento musical que utiliza el principio de inducción electromagnética para convertir las vibraciones de sus cuerdas metálicas en señales eléctricas. Fue inventada en Estados Unidos a mediados del siglo XX y se toca posicionando los dedos en el mástil y rasgando las cuerdas con la otra mano. El sonido de la guitarra eléctrica depende del diseño de las pastillas magnéticas y su ubicación.
Kuwait is located in Southwest Asia between Iraq and Saudi Arabia. It has a hot desert climate with high summer temperatures and mild winters. Kuwait's economy relies heavily on oil production and exports. Some traditional Kuwaiti activities include horse racing, falconry, and pearl diving. Kuwait celebrates National Day annually to commemorate its independence in 1961.
India @ G20 : A Primer on Priorities
Economic growth, industrialization, infrastructure and access to energy provide the foundations of development
for any growing economy.
‘Building Resilience’ is the prime objective of the G20 and with this in mind this grouping has set itself the
task of increasing the stability and resilience of economies, and thus of the global economy as a whole. Global
economic growth had taken quite a blow in recent times and therefore become much weaker overall than it
did after previous economic downturns. As a result, public and private debt across various regions, Central
banks’ interest rates got negatively impacted in many G20 countries. Structural reforms in G20 countries, with
focus on fiscal and monetary policies are the key to stability and long-term sustainability.
CII-Confederation of Indian Industry-corporate governance codePallav Tyagi
The document summarizes recommendations from the Confederation of Indian Industry (CII) for effective corporate governance practices in India. Some key recommendations include: having independent, non-executive directors make up at least 30-50% of boards; limiting individual directorships to 10 companies; establishing audit committees for large companies; enhancing financial disclosures; implementing compliance certifications from CEOs and CFOs; and imposing penalties on companies that default on deposits. The CII is an industry association that works with the government and private sector to promote economic growth in India.
Coprocesing of waste in kuwait in local cement acer-pc-toshiba-pcAlexander Koshi
Kuwait generates 2 million tonnes of waste per year and all waste is currently dumped in 14 landfills. Most landfills have been closed for over 20 years due to operational and safety issues, and being surrounded by residential and commercial areas. Daily, 5000 tonnes of unsorted waste is dumped in landfills, occupying valuable land. The document proposes co-processing waste as alternative fuels in Kuwait's local cement industry in order to reduce environmental impacts, reuse waste as resources, and lower carbon emissions. Benefits would include upgrading waste management, reducing landfill area needs, and lowering annual waste management costs.
Petroleum coke is a byproduct of the oil refining process with a high calorific value and lower cost than coal. It can be used in cement production, with limitations on the amount used due to its high sulfur content. Using petcoke up to 24% as a substitute for existing fuel in a cement plant can maintain acceptable sulfur ratios and volatile matter levels in the clinker and coal mix, while lowering fuel costs. However, its abrasive nature and difficulty burning require modifications to equipment for effective utilization in kilns and calciners.
The document discusses the liquefied petroleum gas (LPG) industry in Bangladesh. It lists the major LPG companies operating in the country and provides details about their plants, storage capacities, and distribution networks. It also outlines the product lines and operations of prominent companies like Bashundhara LP Gas, Jamuna Gas, Omera Petroleum Ltd, and Totalgaz. Upcoming companies planning to enter the LPG sector are also mentioned. The LPG market in Bangladesh is growing and becoming more competitive with more private companies investing in import, storage and distribution facilities across the country.
The Confederation of Indian Industry (CII) is India's leading business association, with over 7100 member companies from both private and public sectors. Formed in 1895 as the Engineering and Iron Trades Association, CII works to create a conducive business environment in India and promote the growth of industry. It is a non-profit organization managed by industry leaders. CII's objectives include strengthening industry's role in the economy, acting as a catalyst for growth, integrating Indian industry globally, and reinforcing its commitment to social causes.
Closer to the Edge? Prospects for household debt repayments as interest rates...ResolutionFoundation
The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this slidecast the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes.
Oracle is a relational database management system where data is stored in tables and accessed using SQL. It has been in development since 1979 and has evolved to support new technologies. The Oracle database architecture uses a shared pool of memory to cache data and SQL for fast access. Data is organized into tablespaces which contain one or more datafiles to store table rows and other objects.
The May edition of the Multilateral Newsletter highlights the key deliberations from the Forum and provides the key recommendations made by the OECD stakeholders. In addition, the edition covers major happenings at the World Bank, Asian Development Bank (ADB), B20 and International Labour Organisation (ILO).
The document discusses empowering micro, small and medium enterprises (MSMEs) in India. It outlines some key policies and initiatives that have impacted MSMEs recently, both positively and negatively. These include banning letter of undertakings to check banking irregularities, addressing issues from demonetization, and the impacts of implementing the Goods and Services Tax (GST). Overall, the MSME sector contributes significantly to the Indian economy but still faces challenges around access to finance, regulations and compliance that need to be addressed for it to reach its full potential.
It’s a matter of concern that 600 million people in India face high to extreme water stress in the country. About three-fourths of the households in the country do not have drinking water at their premise. With nearly 70% of water being contaminated, India is placed at 120th amongst 122 countries in the water quality index. It’s a fact that water is a State subject and its optimal utilization and management lies predominantly within the domain of the States. This index is an attempt to budge States and UTs towards
efficient and optimal utilization of water and recycling thereof with a sense of urgency.
GST has been implemented in India for one year. A survey found that most respondents believe GST was the right decision and are satisfied with its overall implementation. Specifically:
- 83% believe GST was the right step. Nearly two-thirds are satisfied with the overall implementation.
- GST has had a positive impact on employment and demand for goods and services.
- Respondents were satisfied with many aspects of GST like registration, invoices, record keeping. However, some were less satisfied with penalties, interest rates and certain refund processes.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Delhi, the capital of India, has emerged as a major commercial capital and industrial hub of India. It is home to a wide range of industries including textiles, electrical and electronics, IT &ITeS services, hotel and tourism, which have contributed immensely to the economic and industrial growth of the country. Nearly 88% of the SMEs in Delhi revealed that this cluster is as an attractive destination for conducting business. Delhi has become an attractive business and tourist destination. This is driven by its improved infrastructure, good connectivity with other Asian and western regions, ease of access to market and availability of skilled labor among others. Consequently, it has emerged as
one of the most preferred investment and business destinations.
The state government of Maharashtra has been at the forefront in creating a conducive business environment that fosters globally competitive firms. Business reforms introduced both by the Central as well as the state government have played a critical role in India’s 30 spots improvement in the Doing Business ranking for 2018.
The State, under the Business Reforms Action Plan (BRAP) 2016, has implemented over 90 per cent reforms in 7 out of 10 parameters, including labour registration, utility connections, single window system, environment registration, among others. These policy reforms have significantly helped in the reduction in time and cost of doing business for the industry, thereby
establishing Maharashtra as one of the top investment destinations in the country.
This report provides the key highlights of the select initiatives on ease of doing reforms in Maharashtra. With a view to provide on-ground impact of these initiatives, the Report also captures industry views on various aspects of business reforms.
The March-April edition of the Multilateral Newsletter gives insights on the key happenings at the various multilateral institutions and highlights the key discussions and deliberations at the informal WTO Ministerial Meeting held in New Delhi.
WTO plays a vital role by bringing stability and predictability to the multilateral trading system. It is a collective responsibility of WTO members to address the challenges faced by the system and putting the economies back on steady and meaningful way forward.
Several proposals and initiatives on investment facilitation were tabled at the WTO in the run-up to the 11th Ministerial Conference. The proponents advocated discussions on Investment Facilitation within the WTO framework. However, there was no consensus on initiating negotiations, or even establishing a Work Programme, on Investment Facilitation. A clear need of more work to look at all aspects of a potential multilateral rules on Investment, particularly on its impact on domestic policy space was stated.
In order to deepen the understanding between the member it is important that an open, transparent and inclusive approach of decision making for the various interventions. The informal WTO Ministerial gathering in New Delhi saw convergence of around 53 members representing a broad spectrum of the WTO membership.
CII, as an Industry Institution is cognizant of the need for India to engage constructively in some of the new issues being discussed under the WTO framework.
Businesses are gradually recognizing that ethics means good business. It is believed that well-run and trustworthy
companies are more likely to attract greater investment opportunities, which enables them to innovate and expand, and
generate wealth and jobs. Good corporate governance practices are regarded as providing an 'extra' edge to companies
to enhance their image and stay ahead in an intensely competitive business environment. This would help them imbibe
universally accepted values of ethics and good governance—accountability, transparency, responsibility and
responsiveness to stake holders. Besides, it would also mean looking beyond achieving mere economic sustainability to
include social and environmental sustainability as well. Many corporates are adhering to sustainable business practices
and many more are likely to follow suit in the time to come.
On the domestic front, CII expects economic growth to bounce back to 7.3-7.7 per cent in FY19 from the estimated 6.6
per cent in FY18. The prognosis of improved rural consumption and a recovery in private investment will support
growth, even as the debilitating effects of demonetisation and GSTimplementation will fade away
The Commuique May 2018 edition discusses the cover story
on 'Resolving Insolvency in India'
The Insolvency and Bankruptcy Code (IBC) 2016, is one of
the biggest regulatory reforms corporate India has witnessed
in recent times.
It also features 'UK-India CEO Forum Meeting ', 'CII CEOs Delegation to 11th Commonwealth Business Forum 2018', 'Four Transformations of the Global Energy Market', Economy pieces on 'The Innovation Paradox' & 'Can the Lion Conquer the Forest?' along with a piece on 'India-Africa Economic Partnership'.
The government of India has, in the past few years, accorded an utmost priority to the Ease of Doing Business (EoDB). The accent is on simplification of regulations and use of technology to make the compliance more efficient for businesses. Apart from the Centre, the States are also being encouraged to implement business reforms in the spirit of competitive federalism, to foster reforms at the sub-national level. The measures are aimed at creating a conducive business environment, which is a key to facilitating growth and creating jobs. Thanks to these measures, India’s EoDB ranking, captured by the World Bank, has improved by 42 spots since 2014 to touch the 100th position now. The Prime Minister envisions India among the top 50 nations in the next couple of years.
While business reforms are being undertaken at a rapid pace and large scale, cutting across Central as well as state levels, it is imperative that awareness about these developments is created among stakeholders and regular feedback is generated to address the gaps in the implementation of reforms. Identification of pending issues and suggesting possible solutions are equally vital. It is also important to identify the best practices within and outside the country, which are considered for implementation by the needy states.
The report reflects on the role of broadband connectivity and the multiplier effect it has on the larger ecosystem. India is ripe for a Digital rethink, with both government and industry aligning their efforts toward a broadband powered Digital India. Broadband has the power to enable the gigabit society that is always connected. Broadband connectivity has changed the way people
communicate, socialise, create, sell, shop and work. India’s digital consumption patterns highlights the evolution. On an average Indians spend 200 minutes on mobile every day, with the second highest app downloads globally. Almost 79% of the web traffic in India is on mobile.
To realise the Digital India dream, there is a need to strengthen the broadband backbone, which forms a key pillar of this transformation. This report highlights the need for future ready and robust broadband infrastructure and the requisite efforts for expediting its reach.
South Africa and India share a rich past and bright future. India has transitioned from being South Africa’s political ally to being a vibrant economic partner. Despite challenges, the opportunity for increasing the value of bilateral trade between the two countries is growing exponentially each year.
South Africa and India have nurtured a bilateral relationship since the 1860s, when the first Indians arrived in South Africa. India was one of the first countries that rallied at the United Nations in support of the anti apartheid movement in South Africa. The strong bond established between the two countries during the struggle for democracy in South Africa became further entrenched in post-apartheid South Africa.
Most global businesses recognise South Africa as the most favourable destination in Africa for making long-term investments. The country offers a stable political and economic environment with established institutions. Policies and procedures are well articulated and consistent, and it offers a free and competitive environment with open-minded consumers. South Africa provides the most stable and technologically viable environment for Indian companies wishing to establish a base from which to expand across the continent. As a gateway to Africa, it is renowned for its infrastructure, skills pool and expertise.
The document discusses India's progress and potential in innovation and adoption of new technologies. It makes the following key points:
1) While India has the human capital and resources to leverage new technologies like AI, machine learning, and IoT, its spending on R&D as a percentage of GDP is still low compared to other countries. The industry sector in particular needs to increase its investment in technology and innovation.
2) CII has been promoting technology adoption in Indian industry through various programs and platforms. It is also partnering with the government on initiatives to facilitate industry-academia collaboration and international joint R&D projects.
3) For India to fully capitalize on new technologies, both industry and start
This is the fifth edition of the Grant Thornton India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry. The India Tracker identifies the fastest-growing Indian companies in the UK, as well as the top Indian employers. It provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies who are making the biggest impact in the UK.
This year, our research identified approximately 800 Indian companies operating in the UK, with combined revenues of £46.4 billion (£47.5 billion in 2017). Together, they paid £360 million in corporation tax (£275.7 million in 2017) and employed 104,932 people (105,268 in 2017). This shows the continued importance of the contribution that Indian companies make to the UK economy.
The Make in India initiative of the government which lays emphasis on domestic manufacturing, indigenization and import substitution, is expected to pave the way for making the Indian defence sector self-sufficient.Encouragingly, the Indian industry is now actively engagedand is partnering with the government in building a modern and best-in-class defence systems, equipment and components which should strengthen our forces and make the country more self-reliant. The formation of the Society of Indian Defence Manufacturers (SIDM) as an apex body of the Indian defence industry is critical in this regard. SIDM is expected to play a proactive role as an advocate, catalyst and facilitator for building the growth and capability of the defence industry in India. Given the rising importance of buttressing the Make in India programme for expanding the capacity of the Indian defence sector, in this issue of Economy Matters, a few SIDM office bearers and defence experts present their insights into this crucial topic.
As India integrates deeper into the global economy, it is becoming increasingly clear that the country needs to focus both on meeting international competition and its own developmental challenges.
The Government launched several initiatives last year, such as Make in India, Skill India, and Digital India, among others, towards make the vision of integrated inclusive development a reality.
For industry, grappling with the challenges of disruptive technologies, restrictive trade laws, environmental responsibilities and more demanding and discerning customers, the imperative is for sharper focus on producing excellent goods and services, along with building skills, generating jobs, and mainstreaming the marginalized.
The document recommends actions to reform public transport and shared mobility in Delhi to reduce air pollution. It finds that private vehicles have significantly increased while public transport options like buses have declined. It recommends identifying gaps in public transport accessibility, increasing bus fleets by involving private players through liberalized permit systems, leveraging existing cluster bus models, and liberalizing taxi permits for aggregators. Coordinated action is needed between central and state governments to ensure bus aggregators and state transport undertakings coexist synergistically. Expanding public transport options can help shift travelers from private vehicles to more sustainable modes.
Confederation of Indian Industry (CII) takes immense pleasure in presenting the third edition of Annual CSR Tracker 2017. Similar to the last two editions, this is the most comprehensive analysis of CSR disclosures of Bombay Stock Exchange (BSE-listed) companies obligated to practice CSR as per the Companies Act, 2013.
The Annual CSR Tracker 2017 is based on disclosures of 1,522 companies as compared to 1,270 companies in 2016 and 1,181 in 2015. Disclosures are broken into approximately, 41 indicators spread across six aspects of CSR legislation: governance, policy, financials, spends as per Schedule VII, spend channels, and spend locations. Also included is beneficiary data that companies voluntarily disclose in their annual reports.
At CII Indian Women Network, we are driven by the imperative that Indian women become a core critical mass of the workforce to bring about the transformational change in attitude and behavior. We have also recognized the importance of some amazing women role models who can inspire the future generation into believing that there are no limits to what a woman can achieve. One critical aspect is our own self-belief and innermost conviction that will ultimately help us triumph in our relentless struggle for gender equality. It is a pleasure to share this comprehensive report with you that captures the universe of several variables that will impact our future progress.