'Decision to scrap MAT will boost India's investment position'

Last Updated: Wednesday, September 2, 2015, 20:09

Industry body CII Wednesday said the government's announcement that minimum alternate tax will not be imposed on overseas portfolio investors retrospectively will boost India's position as a favourable investment destination, help reduce litigation and resolve disputes.

Black money: CII lauds govt's efforts to fight menace

Last Updated: Sunday, August 16, 2015, 19:22

A day after Prime Minister Narendra Modi in his Independence-Day speech talked about the steps taken to unearth black money, industry chamber CII Sunday hailed the government's efforts to fight the menace while advocating 'stringent punishments' for offenders.

Parliamentary logjam holding up GST, other key bills: CII

Last Updated: Tuesday, August 4, 2015, 17:01

Continued logjam in Parliament is delaying passage of key Bills like GST, which are crucial for economic growth, industry body CII said Tuesday.

Government forms task force on capital goods to tackle irritants

Last Updated: Sunday, May 17, 2015, 12:06

The Heavy Industries Ministry has set up a task force to sketch out a road map for the country's capital goods sector.

PM Modi calls for building `Team India' to take country forward

Last Updated: Sunday, May 10, 2015, 20:18

Vowing to work with the states to "take India forward", the Prime Minister said it has been a "misfortune" that in the past there have been tensions between states and the Centre.

GST to boost growth rate by 1.5 percentage points: Industry

Last Updated: Wednesday, May 6, 2015, 18:02

Welcoming the passage of GST Bill in the Lok Sabha, industry and experts said roll out of the new tax regime would add 1.5 percentage points to the economic growth and create a common market across the country.

European development bank inks pact with CII

Last Updated: Monday, April 6, 2015, 16:25

EBRD Vice-President Phil Bennett and Confederation of Indian Industry (CII) Director-General Chandrajit Banerjee signed an agreement to this effect today, the bank said in a statement issued from London.

Tata Housing to invest Rs 1500 cr on two new realty projects

Last Updated: Wednesday, February 11, 2015, 15:37

Tata Housing will invest about Rs 1,500 crore to develop two new residential projects in Mumbai and Kolkata and has started selling apartments from today through its online 'National Home Buying Week'.

West Bengal govt for presenting budget a day ahead of Union Budget

Last Updated: Tuesday, January 27, 2015, 23:14

West Bengal government wants the budget session of the Assembly to commence on February 19 and the state budget for the next fiscal year to be placed in the House on February 27, a day ahead of presentation of the Union Budget.

Obama's visit signifies inflection point in US-India bilateral relationship: CII

Last Updated: Monday, January 26, 2015, 17:21

Director General of Confederation of Indian Industry (CII), Chandrajit Banerjee, has said that US President Obama's visit as the Chief Guest at Republic Day signifies an inflection point in the US-India bilateral relationship.

Jaitley hopes states will vie for investments

Last Updated: Tuesday, January 13, 2015, 18:17

He, however, added the Mamata Banerjee-led government would have to consistently take pro-reform and business- friendly steps to build investor confidence

DA hike for West Bengal government employees

Last Updated: Friday, January 9, 2015, 17:19

West Bengal Chief Minister Mamata Banerjee Friday announced the much-awaited hike in Dearness Allowance for state government employees by seven percent with effect from January 1, this year.