Confederation of Indian Industries Current Affairs - 2020
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On March 16, 2020, India has announced that it is to stop entry of people from European Union and United Kingdom till the end of March 2020. This is being done with the increasing threats of Corona Virus.
The entry ban includes all the 27 members of European Union and also the members of European Free Trade Association. India will also ban passengers from Oman, UAE, Qatar and Kuwait. Because of travel ban, the tourism industries in the country is greatly affected.
World Health Organization
The WHO has criticized India that the country is implementing a “blanket ban”. By the term, the organization means that India is restricting foreign nationals and also has suspended visas of foreign nationals.
In the last 2 weeks more than 200,000 international and domestic and international tourists cancelled their trips to Taj Mahal. The holiday seasons in the country is between April and July during which Indians travel inside and outside the country a lot. It is expected that this holiday season is to take a hit by more than 80% according to Confederation of Indian Industries (CII). This will be the biggest hit in the history of tourism industry.
Tags: Confederation of Indian Industries • Corona Virus • COVID-19 • European Free Trade Association • European Union
The Confederation of Indian Industry (CII) is celebrating its 125th birth anniversary in the year 2020. In order to commemorate its anniversary, the organization has been hosting several events in different parts of India under the theme
Theme: CII@125: Business and Beyond
The CII is India’s premier business association that works to sustain an environment that is conducive towards the economic growth of the country.
The Journey of CII began as Engineering and Iron Trades Association (EITA) in 1895. Later the Engineering Association of India that was established in 1942 merged with EITA to form the Association of Indian engineering Industry (AIEI) in 1974. In 1986, it became the Confederation of Engineering Industry (CEI).
Finally, in 1991, the CEI became the CII.
Tamil Nadu Scheme
The Tamil Nadu Chief Minister on 30th January 2020, announced “Direct CTO (Consent To Operate) Scheme for Green Industries” to mark the 125th birth anniversary of CII. The scheme also helps to improve Ease of Doing Business.
The scheme aims at relaxing the clearances of Green category industries.
Pillars of CII
The CII works on the four pillars as follows
- Building Competitiveness
- Policy Advocacy
- Creating an equitable society
- Expanding industry’s global footprint
Tags: CII • Confederation of Indian Industries • Ease of doing business • Economic Growth • Green Initiatives