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New Delhi, July 7 (SocialNews.XYZ) Fintech companies should leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats -- making greater use of emerging technologies like artificial intelligence (AI), a top government official said on Monday. With the country's digital payments ecosystem rapidly maturing, its influence has begun to extend beyond national borders, reaching Glo ...Read More >
New Delhi: Private investment stayed flat in the last three-six months as companies are finding it challenging to envisage manufacturing amid an uncertain tariff structure, though it is currently seeing a revival in line with an improvement in the demand environment, said Rajiv Memani, president, Confederation of Indian Industry (CII). "I won't say it has gone down, but it is kind of flat in the last three to six months. But we can see an acceleration happening as the demand environment picks u ...Read More >
PURI: Over two million devotees thronged Puri to witness the Suna Besha of the Trinity atop their respective chariots on Sunday. The process for Suna Besha ritual began at 4 pm. Under tight security, the Mekapa servitors retrieved three sets of ornaments from a temporary strong room relocated from the Bahar Ratna Bhandar, and handed those over to the dressers on the chariots, which were placed under a five-tier security cordon. The Trinity was adorned with a stunning array of ornaments, includ ...Read More >
New Delhi: CII president Rajiv Memani said India requires a 10 per cent average nominal GDP growth annually to achieve its Viksit Bharat vision by 2047. He highlighted that the interim trade pact with the US will remove uncertainty and provide access to a larger market for Indian firms. India's economy is projected to grow at 6.4-6. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP. ...Read More >
New Delhi [India], July 6 (ANI): Collaboration between industry and government which proved successful in semiconductors, will be the key to addressing rare minerals dependencies according to president of the Confederation of Indian Industry (CII) who pointed out that there is no short-term fix for the possible shortage of rare-earth minerals. 'It's a long-term solution,' acknowledged the CII President Rajiv Memani emphasizing on the need for a comprehensive, product-led strategy. 'What are th ...Read More >
New Delhi [India], July 6 (ANI): Confederation of Indian Industry (CII) President, Rajiv Memani, has countered prevailing market sentiment about private capital expenditure, asserting that while there's a perception of a slowdown, private capex is actually taking place across various industry sectors in the country. "There's an atmosphere suggesting that private capex is not happening, but actually capex is happening," Memani stated, citing data showing consistent private investment over the pa ...Read More >
Lucknow: In line with Chief Minister Yogi Adityanath's vision to transform Uttar Pradesh into a $1 trillion economy and a global industrial powerhouse, the state is stepping up its international outreach under the China+1 strategy to attract multinational manufacturers looking to diversify beyond China. As part of this initiative, Invest UP -- the state's nodal investment promotion agency is organizing a series of global roadshows and strategic business engagements across the United States, Eur ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o ...Read More >
NEW DELHI: The country's economy is projected to grow by 6.4-6.7% during the current financial year, Rajiv Memani, newly appointed president of Confederation of Indian Industry (CII), said on Thursday but cautioned that geopolitical uncertainty could pose a risk to the forecast. "At a time when global economic and political volatility is at its highest in over two decades, India stands out as a bright spot," Memani said. In his first news conference after taking over as CII president, Memani als ...Read More >
New Delhi: Industry body CII Thursday pitched for rationalisation of goods and service tax (GST) rates, reduction in tax litigation, establishment of a joint skills acceleration fund (between public, private and CSR), and introduction of a capital support scheme for small and medium enterprises. New CII President Rajiv Memani said the Indian economy was expected to grow by 6.4-6.7% in FY26, driven by strong domestic demand amid global uncertainties. "We must remember that in all these cases we ...Read More >
New Delhi: Indian businesses are hoping for a breakthrough in trade negotiations with the US as the deadline for higher reciprocal tariffs approaches, said Rajiv Memani, chairman and chief executive of EY India, who has recently taken over as president of the Confederation of Indian Industry (CII) for 2025-26. Speaking to reporters on Thursday, Memani underscored the urgency of boosting Indian competitiveness through regulatory and business reforms. "India's economy is expected to grow at 6.4-6 ...Read More >
New Delhi: Leading industry body Confederation of Indian Industries (CII) on Thursday said that the Indian economy is expected to grow between 6.4 to 6.7 per cent. Highlighting the magnitude of the current unprecedented geopolitical global shocks, it has also said that India continues to lead as the world's fastest-growing major economy amidst global flux. Besides, the industry body is also hopeful that there will be a balanced and reasonable free trade agreement (FTA) between India and the US i ...Read More >
New Delhi, Jul 3 (PTI) India's economy is expected to grow 6.4-6.7 per cent during the current financial year driven by strong domestic demand, even as geopolitical uncertainty poses downside risks, the newly appointed CII President Rajiv Memani said on Thursday. Addressing his first press conference after taking over as the CII President, Memani made a strong case for simple three-tiered GST rate structure, with essential items attracting 5 per cent, luxury and sin goods at 28 per cent, and th ...Read More >
New Delhi [India], July 2 (ANI): R Mukundan, President Designate CII and Managing Director & CEO, Tata Chemicals Limited, on Wednesday said that the Employment Linked Incentive (ELI) scheme can pave the way for a more resilient, competitive and equitable labour market in the country. 'We believe the ELI scheme can pave the way for a more resilient, competitive and equitable labour market in India. We also commend the government for the consultative approach in designing the scheme while reflect ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security acros ...Read More >
New Delhi [India], July 1 (ANI): As the Digital India Mission completed 10 years on Tuesday, BJP leader Pradeep Bhandari drew contrast between the BJP and the opposition bloc and said that while the INDI Alliance is associated with 'corruption and nepotism,' the Modi government is associated with the model of development. The BJP leader praised the central government for the success of Digital India and stated that the country now accounts for 50 per cent of global financial transactions, a tes ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrai ...Read More >
JAMMU, July 02: With the annual ShriAmarnathJiYatra 2025 set to commence tomorrow, a vibrant spiritual atmosphere prevails at the YatriNiwas Base Camp in Bhagwati Nagar, Jammu, where around 3,500 pilgrims are ready to begin their sacred journey. "All arrangements have been made, and nearly 3,500 pilgrims are currently stationed at the Jammu Base Camp," said Rajesh Raina, a senior officer of the Tourism Department, speaking to Rising Kashmir. Registration counters have been set up inside YatriN ...Read More >
New Delhi [India], July 1 (ANI): Indian industry leaders have hailed the government's approval of the Employment Linked Incentive (ELI) Scheme as a bold and timely move to tackle India's pressing job creation challenge. The business executives and policy experts believe that the scheme will transform the employment landscape, as it focuses on formalising the workforce, empowering first-time job seekers, and reducing hiring costs for employers--especially in labour-intensive and capital-constrai ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security acros ...Read More >
New Delhi [India], July 1 (ANI): Following the Union Cabinet's approval of the Employment Linked Incentive (ELI) Scheme to support employment generation, former secretary of the Ministry of Labour and Employment, Sumita Dawra, said that the scheme is expected to generate over 3.5 crore jobs. The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the Employment Linked Incentive (ELI) Scheme to support employment generation, enhance employability and social security acros ...Read More >
Bihar News: Cabinet Clears 'Mukhya Mantri Pratigya Yojana'; Internship Aid for Youths, Monthly Pension for Artists The Bihar cabinet has launched the Mukhya Mantri Pratigya Yojana, offering financial assistance to youths aged 18-28 for internships. Beneficiaries will receive monthly stipends based on their qualifications, promoting skill development and employment opportunities. In an important decision, the Bihar cabinet on Tuesday approved "Mukhya Mantri Pratigya Yojana" as per which the gov ...Read More >
Bhopal - In a transformative move set to redefine the future of education in India, Scope Global Skills University (SGSU), Bhopal, has announced the launch of its "AI First Campus" and a comprehensive "AI Action Plan." As Central India's first NEP and NSQF-aligned skills university, SGSU is committed to embedding artificial intelligence (AI) deeply into every aspect of higher education, from academic programs and faculty development to student engagement and industry collaboration. These new in ...Read More >
New Delhi [India], May 29 (ANI): Defence Minister Rajnath Singh on Thursday said that under the Advanced Medium Combat Aircraft (AMCA) project, the Government, with industry participation plans to develop five prototypes of the 5th generation fighter aircraft, which will later lead to series production. Addressing the Annual Summit of the Confederation of Indian Industry (CII) in the national capital, Singh said the decision should be considered a milestone in the history of the 'Make in India' ...Read More >
Mumbai: As The Free Press Journal's Angels of Tourism 2024 season ended, a jury panel of five distinguished members came together to select the top 10 winning Angels and one special mention. These five stalwarts from the tourism industry deliberated at The Free Journal's Nariman Point office to discuss the Angels' work. This special initiative in association with the Maharashtra Tourism Department, aims at honouring pioneers from the state's tourism sector who have been working relentlessly to ...Read More >
Bhubaneswar: Industry leaders from at least eight countries will take part in the Utkarsh Odisha: Make in Odisha Conclave 2025, the state's flagship investors' summit, scheduled to be inaugurated by Prime Minister Narendra Modi on January 28, govt authorities said. Addressing a news conference, industries secretary Hemant Sharma said that while invitations were extended to 12 countries, confirmation has been received from eight. Business delegates from Singapore, the partner country for the eve ...Read More >
New Delhi, Dec 17 (VOICE) India has added nearly 15 GW of renewable energy capacity during April-November in the current financial year, which is almost double the 7.54 GW added during the same period last year, Union New and Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing the CII International Energy Conference and Exhibition (IECE) here, the Minister further stated that India's total installed capacity in the non-fossil fuel energy sector has reached 214 GW, marking an incr ...Read More >
New Delhi, Dec 12 (PTI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and said that it should be done without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said. While speaking at the Global Eco ...Read More >
A new report reveals Indian graduate employability has risen to 54.81%, up from 51.25% the previous year and 33% a decade ago. This growth is driven by skill development in areas like AI and cloud computing, positioning India as a global talent leader, particularly in IT, engineering, and healthcare, with significant global opportunities emerging.As the demand for talent continues to rise, a report on Tuesday revealed that employability among Indian graduates has seen a steady rise, reaching 54. ...Read More >
New Delhi: Wheebox ETS India Skills Report 2025, in collaboration with CII, Taggd, AICTE, and AIU, unveils a strategic vision for "Global Talent Mobility" underscores India's pivotal role in addressing global workforce demand, skills required fueled by rising employability, an optimistic hiring intent, and a roadmap for 2030. Employability among Indian graduates has seen a steady rise of 7% this year, reaching 54.81% in 2025, up from 51.25% last year. With 65% of the Indian workforce under 35 y ...Read More >
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