Mumbai, May 5 (IANS) West Bengal holds significant untapped potential for industrial investment and the time is ripe for change, Vir S Advani, Chairman of the Confederation of Indian Industry (CII) Western Region and CMD of Blue Star Limited said on Tuesday.Speaking to IANS, Advani said that West Bengal presents a strong opportunity for industrial growth.He highlighted that the state has historically seen limited participation from the manufacturing sector compared to other regions.“In West Be…
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Mumbai, May 4 (IANS) The Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) are not in favour of allowing banks and insurance companies to participate in the commodity derivatives market, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Monday.Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a “valid rationale” behind their stance and are not favourabl…
New Delhi, April 17 (IANS) India’s capital markets are increasingly being recognised as a stable, resilient and globally competitive destination for long-term investments, Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey said on Friday.Speaking at the IMF-World Bank Spring Meetings during an interaction organised by the Confederation of Indian Industry (CII) and the US-India Business Council, Pandey noted that Indian markets have evolved into a structural pillar of the…
New Delhi, April 11 (IANS) The Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey has said that India continues to remain an open and compelling destination for global capital, supported by strong macroeconomic fundamentals, a rapidly expanding investor base, and a reform-oriented policy environment.The SEBI chief was speaking at an interactive session — jointly organised by the Confederation of Indian Industry (CII) and the Consulate General of India (CGI) — with global…
New Delhi, April 5 (IANS) Apex business chamber CII on Sunday sought more fiscal and monetary policy concessions from the government and the RBI to tide over the global uncertainty triggered by the West Asia conflict, even as it lauded “the series of timely, well calibrated and coordinated measures” that have already been taken in this regard.CII director general Chandrajit Banerjee said, “the Government and the RBI have responded with speed, clarity and coordination. The early measures ha…
New Delhi, March 29 (IANS) Apex business chamber CII on Sunday lauded the swift action taken by the Government of India for a coordinated and well-calibrated response to the disruptions arising from the West Asia crisis, and called on industry to complement these efforts through responsible and constructive action.CII observed that the present situation represents a supply-side disruption, with pressures transmitted through energy costs, logistics and working capital cycles. While the policy res…
New Delhi, March 23 (IANS) In view of the evolving geopolitical situation due to the Iran war and its implications for maritime trade, the Centre has decided to restore the rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for all eligible export products with effect from March 23, according to a statement issued by the Ministry of Commerce and Industry on Monday. This step is intended to provide timely support to Indian exporters facing elevated f…
New Delhi, March 22 (IANS): A timely and strategic move by the government with the RELIEF initiative to support exporters amid global disruptions has strengthened trade resilience and ensured continuity by easing logistics, insurance, and cost pressures in a volatile geopolitical environment, apex business chamber CII said on Sunday.”For the manufacturing and chemicals sector, it comes as a crucial buffer against rising freight, insurance, and input costs, helping maintain production continuity …
Mumbai, Feb 24 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Tuesday said that Artificial Intelligence is rapidly transforming the nature of markets and employment. To build a ready and capable administration, the government has begun prioritising the effective use of ‘AI’ in official operations. He was speaking during an interactive session at the Nasscom Technology and Leadership Forum 2026.Fadnavis noted that the government is focusing on building a robust Digital Public I…
New Delhi, Feb 18 (IANS) Finance Minister Nirmala Sitharaman made a strong pitch for more foreign direct investment (FDI) in India at a roundtable meeting with prominent Norwegian CEOs and investors in Oslo on Wednesday.In her remarks at the event, the Finance Minister said: “My official visit to Norway has witnessed engaging and positive discussions on India as an investment destination and the fastest growing major economy of the world.”She also said that the Union Budget 2026-27 underpins the…