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."