Tag: CII President

Bad bank not a good idea unless key issues are addressed: Uday Kotak

The idea of a bad bank keeps on re-surfacing every three-four years when stressed assets in the banking sector moves northward.

June 8, 2020

Uday Kotak backs RBI on interest during loan moratorium

RBI said that the benefit and intention of the moratorium given to the borrowers facing the heat of coronavirus were to provide a brief interlude in payment pressures.

June 5, 2020

Shobana Kamineni is new CII President

Shobana Kamineni is the new President of the Confederation of Indian Industry (CII), it was announced here on Monday. Kamineni, the Executive Vice Chairperson of Apollo Hospitals Enterprise (AHEL), will take over from Naushad Forbes co-Chairman Forbes Marshall. Rakesh Bharti Mittal, the Vice Chairman of Bharti Enterprises, has been named President-designate. "Uday Kotak, Executive Vice …

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May 1, 2017

18% GST rate would be revenue neutral: CII President

The rate of Goods and Services Tax (GST) at 18 per cent would be "revenue neutral", CII president Naushad Forbes said on Tuesday. "The maximum rate around 18 percent would be fine. The intension of GST is not to either increase or decrease the total amount of taxes collected from goods and services transaction. "GST rate …

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August 23, 2016