Indian economy is facing challenges: Aurn Jaitley
Aug 27, 2018, at 10:29 pm
New Delhi, Aug 27 (IBNS): Union Finance Minister Arun Jaitley on Monday said Indian economy is facing challenges and the attempt to recover funds from defaulters would continue.
Robust corporate bond market imperative to achieve 8% economic growth: Study
Jul 17, 2018, at 08:37 pm
New Delhi, July 17 (IBNS): A developed corporate bond market is the need of the hour for India as an eight per cent economic growth cannot be achieved without a robust corporate capex cycle, more so as sole reliance on bank loans is not warranted, particularly when bank lending has been squeezed, noted a recent ASSOCHAM-Ashvin Parekh Advisory Services LLP (APAS) joint study.
Economy makes it merry in March; expenditure shoots up in closing month of fiscal year: ASSOCHAM
Jun 18, 2018, at 07:19 pm
New Delhi, June 18 (IBNS): Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections.
WPI index eases to 6-month low of 2.84 pct in January
Feb 16, 2018, at 12:52 am
New Delhi, Feb 15 (IBNS): In a major development, India's wholesale inflation eased for the second consecutive month, growing at 2.84 percent in January, official government data released on Thursday said.
RBI need not react to bond yields, MSP for interest rate review: ASSOCHAM
Feb 04, 2018, at 10:15 pm
New Delhi, Feb 4 (IBNS): The Reserve Bank of India should not over-react to the high yield pressures of the bond market, along with the government promising a substantial revision in the Minimum Support Price for farmers and refrain from going in for any hike in the benchmark policy lending rates when the Monetary Policy Committee meets on February 7, the ASSOCHAM has said.
CPI-W for December decreases by 2 points
Feb 03, 2018, at 01:08 am
New Delhi, Feb 2 (IBNS): The All-India CPI-IW for December, 2017 dropped by 2 points to touch 286, official government records released on Friday said.
WPI inflation eases to 3.58% in December
Jan 16, 2018, at 01:25 am
New Delhi, Jan 15 (IBNS): India's wholesale price inflation eased to 3.5 percent in December, official data released by the government on Monday said.
Stocks may witness global, domestic headwinds in 2018: ASSOCHAM study
Jan 15, 2018, at 10:13 pm
New Delhi, Jan 15 (IBNS): The year 2017 may have gone as the golden period for Indian stock market, in sync with the major economies of the world, global headwinds like tightening of monetary stance by major central banks and increasing crude oil prices , coupled with domestic concerns like firming inflation could halt the underlying bull run in 2018 and bring in lot more volatility going forward, an ASSOCHAM Paper has indicated.
World Bank projects 7.3 percent growth rate for India in 2018
Jan 10, 2018, at 02:01 pm
New Delhi, Jan 10 (IBNS): Giving positive news to people in the country, the World Bank has projected India'a growth rate to 7.3 per cent in 2018.
Economy may reach 7% growth in 2018; tilt towards farm sector in new year: ASSOCHAM Outlook
Dec 25, 2017, at 11:28 pm
New Delhi, Dec 25 (IBNS): After ”disruptions" like lingering demonetisation effect and GST roll-out, the IndiaDn economy may reach a 7 per cent growth in 2018 with government policies tilting towards the stress-ridden rural landscape in the penultimate year before the Lok Sabha elections, the ASSOCHAM Year-Ahead Outlook (AYAO) pointed out.
Cut corporate tax; raise exemption limits for salaried employees: ASSOCHAM to FM
Dec 08, 2017, at 10:28 pm
New Delhi, Dec 8 (IBNS): Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Sandeep Jajodia said in his presentation before Finance Minister Arun Jaitley tax exemption limits for senior citizens and salaried employees should be also raised substantially for a demand push to the economy.
India's GDP grows 6.3 pct in Q2
Dec 01, 2017, at 12:12 am
New Delhi, Nov 30 (IBNS): India's GDP growth for the second quarter of the current fiscal that ended on Sept 30 moved up to 6.3 percent, government data released on Thursday said.
Growth of eight core sector industries remains at 4.7 pct in October, says govt data
Nov 30, 2017, at 11:53 pm
New Delhi, Nov 30 (IBNS): Growth of India's eight core sector industries remained at 4.7 percent in October from a year ago, as per official data released on Thursday.
GST implementation caused ‘temporary slowdown’: ASSOCHAM-EY study
Nov 13, 2017, at 09:34 pm
New Delhi, Nov 13 (IBNS): After its launch in July 2017, there has been a temporary slowdown post implementation of Goods and Services Tax (GST) even though Government of India has ideated and implemented a number of initiatives to improve business conduciveness, noted a recent ASSOCHAM-EY joint study.
PSU banks in sweet spots; market mop up can well exceed Rs 58K crore: ASSOCHAM
Oct 30, 2017, at 09:30 pm
New Delhi, Oct 30 (IBNS): If the change of perception for PSU banks, post the mega capital infusion scheme is any indication, dilution of government equity, up to 52 per cent in the state-owned lenders can fetch valuation much higher than the estimated potential of Rs 58,000 crore as provided in the Rs 2,11,000 crore re-capitalisation plan, an ASSOCHAM report has said.
Agriculture and industry shall be looked at as two eyes of our economy: Vice President
Oct 29, 2017, at 02:59 am
New Delhi, Oct 28 (IBNS): Vice President of India M. Venkaiah Naidu has said that Agriculture and industry shall be looked at as the two eyes of our economy.
Fundamentals of the Indian economy is strong: Jaitley
Oct 24, 2017, at 10:39 pm
Mumbai, Oct 24 (IBNS): Union Finance Minister Arun Jaitley on Tuesday said the fundamentals of the Indian economy is strong.
Economy needs to grow at 7 per cent in the next three quarters: Dr C. Rangarajan
Sep 22, 2017, at 09:15 pm
New Delhi, Sept 22 (IBNS): To get 6.5 per cent for the year as a whole, the economy needs to grow at 7 per cent in the next three quarters, probably rate of growth will be around 6.5 per cent, said Dr C. Rangarajan, Former Chairman-Economic Advisory Council to the Prime Minister of India & Former Governor, RBI at an ASSOCHAM event held in New Delhi today.
CPI moves up to 2.36 percent in July
Aug 15, 2017, at 12:23 am
New Delhi, Aug 14 (IBNS): India's annual consumer price inflation moved up to 2.36 percent in July, official data released on Monday revealed.
External rupee value far greater than internal; mismatch hurting exporters: ASSOCHAM
Aug 08, 2017, at 12:11 am
New Delhi, Aug 7 (IBNS): Declining by close to six per cent over the last one year, rupee is now trading at 63.63-70 against 66.93 to a dollar in August, 2016.
Banks may need 20% incremental provisioning for 50 large stressed assets: Study
Aug 05, 2017, at 01:28 am
New Delhi, Aug 4 (IBNS): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of the banking sector, noted a recent joint study by ASSOCHAM-Crisil.
19 per cent of Indian population is still unbanked: ASSOCHAM-EY
Jul 26, 2017, at 01:41 am
New Delhi, July 25 (IBNS): Despite rationale and a strong institutional credit network, India’s financial services ecosystem lags in terms of physical infrastructure and has failed to reach the poor, more than 19% of the population who are unbanked or financially excluded, noted a recent ASSOCHAM-EY joint study.
New food policies could take the bite out of India’s malnutrition, says study
Jul 22, 2017, at 02:16 am
New York, July 21 (IBNS): India has spent the last 50 years combating hunger by boosting its production of staple crops like wheat, rice and maize. The strategy has worked – up to a point.
June retail inflation eases to 1.54 percent
Jul 12, 2017, at 11:47 pm
New Delhi, July 12 (IBNS): India's Consumer price inflation eased to 1.54 per cent in June, as per the latest government data released on Wednesday.
IIP growth slows to 1.7 per cent in May
Jul 12, 2017, at 11:36 pm
New Delhi, July 12 (IBNS): India's factory output moved up by 1.7 per cent in May, official government data released on Wednesday said.
India's industrial input grows by 3.1 pc in April 2017 from last year
Jun 13, 2017, at 12:04 am
New Delhi, June 12 (IBNS) India’s industrial output grew at 3.1 percent in April 2017 from the corresponding period last year, according to the quick estimates of Index of Industrial Production (IIP), said the government on Monday.
Indian economy grew 6.1 pct in Q4
May 31, 2017, at 11:39 pm
New Delhi, May 31 (IBNS): In the fourth quarter ending in March, India's economic growth slowed down to 6.1 percent, government data released on Wednesday showed.
Budget: Political Parties cannot receive donation above Rs. 2,000 in cash from one person
Feb 02, 2017, at 12:30 am
New Delhi, Feb 1 (IBNS): Union Minister for Finance and Corporate Affairs Arun Jaitely while presenting the General Budget 2017-18 in Parliament on Wednesday said that the political party can receive maximum donation up to Rs. 2,000 in cash from one person.
Budget 2017: New law to freeze assets of offenders who flee, bad news for Mallya
Feb 01, 2017, at 06:12 pm
New Delhi, Feb 1 (IBNS): Union Finance Minister Arun Jaitley, while presenting the Budget 2017 on Wednesday, said that the government proposes to freeze the assets of offenders who flee the country, according to media reports.
Jan 21, 2017, at 12:53 am
New Delhi, Jan 20 (IBNS): The number of digital financial transactions made through Unified Payments Interface (UPI) and Unstructured Supplementary Service Data (USSD) mode has grown exponentially by 3,574 per cent and 10,603 per cent respectively till 18th January 2017, Union Minister of State for Law & Justice and Electronics & Information Technology, P.P. Chaudhary said at an ASSOCHAM event held in New Delhi today.