New Delhi, Oct 11 : Commenting on the index of industrial production for August 2014, Mr Chandrajit Banerjee, Director General, CII said the IIP data shows that industrial production continues to be in the slowdown phase and a visible turnaround in industrial growth is still not happening.
And if we factor in the base effect, the performance of industry shows that demand is yet to show distinct signs of a pick-up. Business sentiment has significantly improved as is borne out from the CII business confidence index, and we hope that this would translate on the ground soon.
New Delhi, Aug 14 : Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII), has sounded positive over latest figures showing the inflation to be at a two month low.
"It is good to note that headline inflation has eased to a two month low in July 2014, essentially on the back of a drop in fuel prices and a moderation in the prices of food items such as cereals and vegetables," Banerjee said.
New Delhi, Aug 1 - The Confederation of Indian Industry (CII) has welcomed the Cabinet nod for Labour Law Reforms in a few important acts as reported in the media today.
"The quick action has demonstrated the Government's strong commitment towards pushing key labour reforms to encourage economic growth and generate employment opportunities in the country," said. Chandrajit Banerjee, Director General, CII.
New Delhi, July 12 - Commenting on IIP figures released for May 2014-25, Chandrajit Banerjee, Director General, CII said that the rise in industrial production for the second month in a row provides a glimmer of hope that the economy could be bottoming out and recovery could be on the anvil.
He further said in a statement that the favourable base effect of last year and the double digit export growth experienced during the month could have also contributed in boosting industrial activity during the month, but the overall trend is positive.
New Delhi, Jan 29 : Chandrajit Banerjee, Director General of CII is reportedly surprised by the RBI's decision to increase the repo rate despite all indicators suggesting that a status quo was in order.
In a press release, Banerjee said that while CII recognised the overwhelming concern of the monetary authorities to keep inflation under check, it expected RBI to take cognizance of the faltering investment and consumption demand, which is preventing the economy from realising its growth potential.
New Delhi, Oct 29 : The Reserve Bank of India's decision to hike repo rate 0.25 percent will hurt investments and economic growth, industry leaders and experts said.
Director General of the Confederation of Indian Industry (CII) Chandrajit Banerjee said the hike in repo rate has come as a disappointment to industry, especially as the investment climate continues to be weak and growth outlook remains muted.
The Confederation of Indian Industry (CII) has demanded a cut in repo
rate, saying the economy is in dire need of sentiment boosters.
CII Director General Chandrajit Banerjee said that there was a dire
need of announcing non-legislative policy measures as soon as possible
because investments had almost dried up.
Banerjee's comments surfaced after the release of data that showed that
the Index of Industrial Production (IIP) grew at a rate of merely 0.1
per cent in July.
The manufacturing growth in the month of July was recorded in the
India industry leaders have expressed disappointment over the RBI's decision to keep its interest rates unchanged in scheduled review of the monetary policy recently.
The country's central bank kept its key lending rates unchanged in its mid-quarter monetary policy review even as it was widely expected that the rates would be cut following weak figures from the economy.
New Delhi, Aug 31 - The recent reforms initiatives taken by the capital market regulator, the Securities and Exchange Board of India (SEBI), will strengthen investors' confidence in the Indian economy, industry lobby Confederation of Indian Industry said Wednesday.
"Exhibiting sensitivity towards the users' need for simplification and meaningful disclosures, the initiatives will generate confidence in the domestic markets and also send the right message to the international investing community," said CII Director General Chandrajit Banerjee.
New Delhi, Nov 6 : The Confederation of Indian Industry (CII) and the US-India Business Council (USIBC) Friday announced a joint partnership in the field of healthcare under the banner "Coalition for Healthy India".
Announcing the partnership here, CII director Chandrajit Banerjee said: "CII and the US-India Business Council have long collaborated to support healthcare improvements in India. Today, we're proud to announce an exclusive partnership in the form of a joint CII-USIBC Healthcare Task Force."