Key Initiatives / Information
The business environment, global and Indian economic issues and the regulatory environment are undergoing considerable changes. CFOs, working closely with the CEOs, are the ones who need to understand the impact of these changes on the company. These issues need to be discussed in a forum of CFOs to understand their impact on the industrial front. These deliberations may result in formulating the additional competencies that need to be developed by an organisation. It may also result in developing strategies for a collective intervention with the appropriate authorities.
The year has seen committed initiatives by the Government towards economic liberalisation. Key policies such as the National Manufacturing Policy and Strategy for Doubling Exports have been announced. Several bills are undergoing the Parliamentary process. For the coming year, industry hopes for more steps to restore business confidence and investments.
The article appeared in “The Financial Express” dated 31 December 2011.
CII has been conducting a bi-annual Business Outlook Survey (BOS) among its members in order to get a consistent view of the prevailing business sentiment in the country. The survey results are quoted by RBI and referred by economy watchers and CII’s own membership.
Confederation of Indian Industry (CII) and United States-India Educational Foundation (USIEF) announce the Fulbright-Nehru-CII Fellowships for Leadership in Management Program for the academic year 2012-2013. Indian business managers, whose employers would be willing to bear 50% (US$ 18,400) of the total cost (US$ 36,800), may compete to attend this specially designed management program at the Carnegie Mellon University’s Tepper School of Business in Pittsburgh from May 23 to July 31, 2012. Aimed to broaden overall perspectives and to strengthen strategic, functional and leadership skills in global business, this program combines classes with group work, industry visits, and networking.
Complete announcement matter and application materials are available at USIEF website www.usief.org.in.
November 15, 2011 is the application deadline.
76th CII Northern Region Business Outlook Survey is a quarterly study conducted to gauge the sentiment in the economy. Earlier, the survey was conducted bi-annually, but from the 74th Survey onwards the study is conducted on a quarterly basis in order to get a more frequent indicator of business sentiment. The current survey gives an outlook on business sentiments for the first quarter of 2011-12 as compared to the last quarter of 2010-11.
The information presented in this publication has been compiled from various published and electronically available primary and secondary sources. CII makes every effort to ensure the accuracy of information presented in this document. However, neither CII nor any of its office bearers or analysts or employees can be held responsible for any financial consequences arising out of the use of information provided herein.
The travails of the global economy appear to be still not behind us, despite gradual recovery during 2010 from the worst global
economic conditions since World War II. Continued fiscal and debt burdens vitiate the recovery process, imparting a degree of
fragility and uncertainty to global economic conditions. The world needs a new source of growth and stability, and India, a
rapidly growing economy with strong internal demand, offers a new opportunity.
India remained relatively untrammeled by the developments in the Eurozone and reverted to close to 9% GDP growth rates in
2010. Growth was broad-based across all sectors, including agriculture, manufacturing and services. Public commitment to
calibrated exit from expansionary fiscal policy and continued corporate and household confidence have helped sustain a
virtuous growth cycle. The resurgence of the rural economy and intensified infrastructure mission further strengthened the
foundations for medium-term growth propensities.
For greater understanding and appreciation of competition regime in the country, please click on the link above to access the advocacy booklets of the Competition Commission of India
Continuing with the typical interactive format, the afternoon session of Day 1 of Ideas India 2009, organized by Aspen Institute India from 17-19 December in New Delhi, covered a range of diverse topics including elections, healthcare, education, and naxalism.
The plenary session 'Do Elections in India Reinforce Narrow Divides?' touched upon whether India's democratic processes perpetuated identity politics. It was moderated by Mr Pramit Pal Chaudhuri, Senior Editor, Hindustan Times and the panelists included Mr Manish Tewari, MP and spokesperson for Congress party, Dr NK Singh, Rajya Sabha MP, Prof Sumantra Bose, Professor of International and Comparative Politics, London School of Economics, and Dr Pratap Bhanu Mehta, President, Center for Policy Research.