Budget 2021: A Call For Extraordinary Measures
The corporate sector has already been given enough attention in previous budgets. It’s now time to give some much needed relief to salaried middle class. PTI File Photo outlookindia.com 2021-01-27T15:52:57+05:30
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Budget is more than a “Bahi-Khata” and it outlines the vision of the government. In addition to being a policy document, the budget is a political document as well because funds are allocated to various schemes which are aligned with the political ideology of the ruling dispensation. In a virtual summit organised by Confederation of Indian Industries (CII), finance minister Nirmala Sitharaman has already said that current year proposals would be one-of-a-kind.
January 27, 2021
Mukesh Kumar Surana, CMD, HPCL×
PCPIR in Rajasthan eyes ₹15,000 crore investment and 1.5 lakh jobs by 2030
Post-Covid consumption spike is set to drive the growth for the petrochemicals segment and fuel the growth opportunity for the downstream players, informed Mukesh Kumar Surana, Chairman and Managing Director (CMD), Hindustan Petroleum Corporation Limited (HPCL) on Wednesday.
Surana also stated that overall consumption of petrochemicals will go up substantially and grow at the 1.5-times the GDP growth of the country.
“Due to pandemic, there is a general uptrend in the consumption of petrochemicals and derivatives of petrochemicals such as plastics. Driven by higher disposable income, rapid urbanisation, brand consciousness accompanied by targeted increase in consumption in automobile and housing sector will drive growth in petrochemical segment,” Surana said during a global virtual meeting between Rajasthan Government and top global downstream players
India - January 28, 2021, 8:00-10:00 a.m. (NYC), 5:30 - 7:30 p.m. (MUMBAI)
IT, financial services, health insurance, human resources, construction, supply chain and logistics and sustainability, data analytics, and consulting are among the industries that will be represented. In addition to full-time positions, there will be several internship opportunities for the summer. The CDL partnered with Columbia s Global Centers in Beijing, Mumbai, and Santiago, the Consulate General of Canada in New York, Confederation of Indian Industries, and the newly-formed SPS Alumni Global Career Coalition to organize the week-long event. On Friday, January 29th, Invest Ottawa, representing more than 20 businesses in the region, will discuss expedited visa opportunities for international professionals, including Chinese nationals. China-based employers, who’ll participate on Wednesday, January 27th, are seeking candidates from Hong Kong, Taiwan, Japan, Singapore, and South Korea, in addition to Chi
CII discusses Madurai airport expansion
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MADURAI
Sathish Devadoss, Chairman of Confederation of Indian Industries (CII), Madurai Zone, Poornima Venkatesh, Chair, and L. Sevugan, Co-Chair, Young Indians (Yi), Madurai zone, met Madurai Airport Director S. Senthil Valavan on Thursday and discussed development of the airport.
According to a press release from CII, they had placed a request to Mr. Senthil Valavan to rename the airport as Madurai international airport. They also discussed expanding the length of the runway, introducing more domestic and international routes to improve tourism and economic growth in the city.
Currently, Madurai airport has got the second largest terminal in Tamil Nadu after Chennai. There are direct flights to Colombo, Dubai and Singapore, apart from domestic flights.
Updated Jan 22, 2021 | 12:55 IST
The CII has also called for transformation of old public sector banks (OPSBs) wherein the government should facilitate the takeover of old public sector banks by private sector banks. Representational image
New Delhi: Government should reduce its stake in the public-sector banks below 50% through the market route over the next 12 months except for three-four large PSU banks like State Bank of India, Bank of Baroda and Union Bank, industry body Confederation of Indian Industries (CII) said in its Pre-Budget Memorandum 2021-22.
Further, the industry body has suggested for revamping the human resources (HR) policies at large PSU banks and recommended that they should enjoy freedom of the new private sector banks.