Naushad Forbes

Strength of Indian economy lies in its diversity: CII

The president of Confederation of Indian Industry (CII) Naushad Forbes today said the strength of Indian economy rests in its diversity.

Union Budget 2017-18: FII inflows will increase significantly going forward: CII

CNBC-TV18‘s Ronojoy Banerjee spoke to Naushad Forbes, President, CII, Vipin Sondhi, MD & CEO, JCB India, Rajiv Memani Chmn - Global EMs Committee EY, Chandrajit Banerjee Director General, CII who gave their views on Union Budget 2017-18. Here‘s what they had to say.

Privatise 100 PSUs,develop 50 stations via PPP by 2017-end:CII

Privatisation of 100 PSUs, including sale of Air India and Ashoka Hotel, and developing 50 train stations with private participation by 2017-end featured in the CII wish-list to Finance Minister Arun Jaitley.

IMTEX2017: Watch 18th Indian Metal-cutting Tool Exhibition

The role of manufacturing is changing. India is riding on the anvil of major reforms and is poised to become the third-largest economy of the world by 2030 but how can India‘s manufacturing sector integrate its 400 million labour pool with its research community?

'Note ban debate similar to Indira era rich vs poor discourse'

Ruing that the debate on corruption against the backdrop of demonetisation is a throwback to "bad old days" of rich versus poor discourse under Indira Gandhi, CII President Naushad Forbes said wealth and dishonesty should be delinked and we should be respectful of "honest riches".

Post demonetisation, demand likely to be normal by Q2 2017:CII

Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption.

US protectionist tone to have bearing on IT sector: Forbes

"It has been there in the campaign, it has been there in the run up to the inauguration with fairly unbelievable involvement in policy-making through tweets," Forbes told PTI when asked if there is increasing protectionism in the US.

Tourism, healthcare, infra have huge potential to create jobs

Job creation must be at the center of all policymaking, according to the report, Future of Jobs in India Enterprises and Livelihoods, released by CII today.

Growth rate to see 'significant fall' on demonetisation: CII

As far as corporates earnings are concerned, the consumer goods sector has seen sales drop by 20 percent in the last month, CII President Naushad Forbes said.

Remonetising of Rs 500 note should be Govt's top priority: CII

Forbes, who is also Co-Chairman of Forbes Marshall, was in the city to attend the inaugural session of the National Quality Summit 2016 organised by the industry body Confederation of Indian Industry (CII).

Cash crunch if lasts long can hit firms' Q3 results: CII

In an interview to PTI, CII President Naushad Forbes also urged the government to increase weekly withdrawal limit for current accounts from Rs 50,000 at present to ensure adequate liquidity for businesses, acknowledging that the move has certainly created "serious inconvenience" for most people.

CII President says demonetization is a very good move

In conversation with CNBC-TV18, Naushad Forbes, Prez of CII, said the broad industry reaction on demonetization is that it is a very good move.

India Inc urges govt to gradually come down to 1 or 2 GST rates

"GST rates structure can be absolute limit of four rates as suggested by the government, and over time, the Government should commit to converge to one or two rates," CII said in a statement.

Disappointed with World Bank's doing biz ranking of India: CII

CII Past President Sunil Kant Munjal said: "This result was surprising and disappointing because one can see the kind of work happening in the government".

India Inc mood was negative under UPA: Biocon founder Kiran Shaw

In his interview to Network 18, Narendra Modi had said that he did not reveal the full economic rot before his first Budget as he thought that it would depress business and investor sentiment further

CII favours short-term protection of steel industry

"If protection is temporary, it is acceptable. In the long term it (country) has to do away with the protections," CII president Naushad Forbes said here today in a media interaction.

India Inc looks forward to GST becoming a reality

India Inc today said it is looking forward to introduction of the much-awaited Goods & Services Tax (GST), saying it would be a very significant step in the field of indirect tax reforms in India.

Lot of 'merit' in negotiating separate FTA with UK: CII

Launched in June 2007, the negotiations for the proposed Broad-based Trade and Investment Agreement (BTIA) between India and the EU have seen many hurdles with both sides having major differences on crucial issues like intellectual property rights, duty cut in automobile and spirits, and liberal visa regime.

Hope for strong successor to Raghuram Rajan soon: Naushad Forbes

On June 18, buffeted by political attacks, including by BJP MP Subramanian Swamy, coupled with unending speculation over his continuance, Rajan had said no to a second term -- a surprise decision the industry and opposition parties termed as a loss.

Rajan's exit will not cause panic reaction: CII

Dismissing doomsday theories, industry body CII on June 22 said the exit of RBI Governor Raghuram Rajan will not cause a panic reaction as the Indian economy is very strong and robust

Normal monsoon will outweigh concerns on oil price rise: CII

Terming the 7.6 percent GDP growth of 2015-16 as "very real", Naushad Forbes, president of the Confederation of Indian Industry (CII), said there has been significant growth pick-up on account of investment in the infrastructure sector and the government's reform push.

Focus on political consensus for GST: Industry to Govt

"Government needs to focus on building political consensus so that the GST Bill is passed in Rajya Sabha. Goods and Services Tax (GST) is a landmark reform which will straight away add upto 1.5 percent to the GDP," Godrej Group Chairman Adi Godrej said.

Investments follow demand, intolerance debate not an issue:CII

Forbes, who took charge last week, also said it was too early to say if such issues were diluting the focus away from economic growth and development.