Reduce corporate tax to 25%, ASSOCHAM to Govt
Nov 18, 2016, at 10:03 pm
New Delhi, Nov 18 (IBNS): In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25% to attract more investment in the country while for driving the consumption led demand, income tax for individuals should also be reduced along with upward revision in the exemption limit upto Rs 5 Lakhs.
Hire retired bank staff; others on big scale to deal with demonetisation: ASSOCHAM
Nov 15, 2016, at 03:37 am
New Delhi, Nov 14 (IBNS): Assuring the government of India Inc's support against corruption and black money, the ASSOCHAM on Monday impressed upon the government to mobilise all resources across different departments and hire retired bank staff on a massive scale to expedite the currency swapping and withdrawal of cash with minimum inconvenience to the public.
Apprehensions on Trump to prove wrong; India Inc hails his victory: ASSOCHAM
Nov 13, 2016, at 05:14 am
New York, Nov 12 (IBNS): With his sober, very fair sounding and statesman like demeanor promising a fair deal with the rest of the world, ASSOCHAM on Saturday expressed confidence that apprehensions linked to Donald Trump would certainly prove wrong even as India Inc looks forward to taking the bilateral economic engagement to a greater level under the new administration.
Mobile payment transaction volume to rise manifold to reach 153 billion by FY22: Study
Nov 11, 2016, at 10:26 pm
Mumbai, Nov 11 (IBNS): The mobile payment transaction volume in India is likely to witness exponential compounded annual growth rate (CAGR) of over 90 per cent to reach 153 billion by FY 2022 as against a meagre about 3 billion in FY 2016, noted a recent ASSOCHAM-RNCOS joint study.
ASSOCHAM for setting up road transport regulatory authority
Nov 04, 2016, at 06:39 pm
New Delhi, Nov 4 (IBNS): Apex industry body, ASSOCHAM, as part of its initiative to bring back India’s steel sector on growth trajectory, has submitted various suggestions to the Central government and the steel ministry.
Economy set to perform better in 2nd half of FY 16: ASSOCHAM Bizcon survey
Nov 02, 2016, at 04:15 am
New Delhi, Nov 1 (IBNS): Indian economy would be performing better in the second half of the current fiscal and the trend appears to have begun from the quarter beginning October, 2016 with 66.7 per cent of the latest ASSOCHAM Bizcon Survey respondents expecting uptick in sales, capacity utilization, though positivity on fresh investment is tentative.
Indian FMCG firms outpace MNCs in growth, revenue: ASSOCHAM-TechSci study
Nov 01, 2016, at 09:52 pm
New Delhi, Nov 1 (IBNS): During the FY 2016, domestic Fast-moving consumer goods (FMCG) companies have performed significantly well vis-Ã -vis the multinational companies in India, according to the just concluded study by ASSOCHAM-TechSci Research.
ASSOCHAM organises interactive session with Chinese business delegation
Oct 27, 2016, at 03:57 am
Kolkata, Oct 26 (IBNS): The Associated Chambers of Commerce and Industry of India (ASSOCHAM) organised an interactive session with Chinese business delegation led by Dr. H P Kanoria, Chairman, SREI Foundation, Mahesh Saharia, Chairman Saharia Groupt and Perminder Jeet Kaur, Director, ASSOCHAM at Kolkata
Bank card fraud was waiting to happen, says ASSOCHAM-Mahindra SSG
Oct 24, 2016, at 01:09 am
New Delhi, Oct 23 (IBNS): The credit,debit or ATM card frauds as detected by some of the largest banks were waiting to happen as India has been on the radar of the global cyber criminals who hack into the computer servers using the malware, putting the entire financial structure into a big risk, an ASSOCHAM-Mahindra SSG joint study had forewarned.
Informal trade or smuggling rampant in India-Pak trade: ASSOCHAM Paper
Oct 03, 2016, at 11:19 pm
New Delhi, Oct 3 (IBNS): Informal trade or putting it bluntly, smuggling of goods, between India and Pakistan is estimated at over USD five billion, almost double the official two-way commerce between the two neighbours with history of chequered ties, an ASSOCHAM study has pointed out.
Indian electronics products to touch $75 bn by 2017: ASSOCHAM-EY study
Sep 19, 2016, at 09:42 pm
New Delhi, Sept 19 (IBNS): The Indian electronic products industry in India is expected to grow at a CAGR of 10.1% to reach US$ 75 billion by 2017 from US$ 61.8 billion in 2015 with increasing penetration across consumer products especially in semi-urban and rural markets, along with government push for infrastructure development, locomotive and energy, there exists a significant opportunity for rapid expansion of this industry, adds the ASSOCHAM-EY joint study.
Strike to cost up to Rs 18,000 crore to economy; exports too get hurt: ASSOCHAM
Sep 02, 2016, at 11:53 pm
New Delhi, Sept 2 (IBNS): With all-India strike by central trade unions affecting trade, transport, key manufacturing facilities and banking services in Kerala, Karnataka, Tripura, Haryana and Uttar Pradesh besides other parts of the country, the loss to the economy is estimated at between Rs 16,000 – Rs 18,000 crore, according to an ASSOCHAM assessment.
Differential duty structure a big challenge for toy industry: ASSOCHAM
Aug 19, 2016, at 10:48 pm
New Delhi, Aug 19 (IBNS): Due to Inverted Duty Structure, India’s Toy Industry which is dominated by the micro, small and medium enterprises (MSMEs), is struggling hard for their survival due to heavy imports duty, reveals ASSOCHAM latest statement.
Government to boost Housing Finance sector to meet ‘Housing for All by 2022’
Jul 20, 2016, at 08:14 pm
New Delhi, Jul 20 (IBNS): The government is making all efforts to boost the Housing Finance Sector to ensure that the goal of Affordable Housing for all by 2022 said Minister of Housing & Urban Poverty Alleviation M. Venkaiah Naidu on Wednesday.
WB can create 1 cr jobs, attract Rs 10 lakh cr investments in next 5 years: ASSOCHAM
Jul 06, 2016, at 01:20 am
Kolkata, July 5 (IBNS): West Bengal has the potential to create one crore jobs and attract investments of up to Rs 10 lakh crore during the course of next five years, which will accelerate the state's economic growth and lead to social welfare of its people, the apex industry body ASSOCHAM said.
Rajan exit will certainly create a vacuum: ASSOCHAM
Jun 20, 2016, at 09:13 pm
New Delhi, June 20 (IBNS) ASSOCHAM on Monday said Raghuram Rajan's exit as RBI Governor will create a vacuum.
Indian economy needs strong medicine to ward off Chinese flu: ASSOCHAM President
Jan 28, 2016, at 12:16 am
Kolkata, Jan 27 (IBNS) As the world looks up to India to provide a leadership role in pushing global economic growth, the government has no option but to make some big bang announcements in the forthcoming Budget to resurrect investment in the public projects, or else the Indian economy can soon catch up the Chinese flu with serious consequences, apex industry body ASSOCHAM said on Wednesday.
ASSOCHAM urges central trade unions to call of the strike
Sep 02, 2015, at 08:20 pm
New Delhi, Sept 2 (IBNS): Apex industry body ASSOCHAM on Wednesday urged the central trade unions to call off their one-day nationwide strike as it is likely to seriously affect the functioning of various essential services like banking, power supply, oil & gas, transport, warehousing and other vital public services causing seismic effect on India's economy.
Coal strike will cost Rs 200 a day: ASSOCHAM
Jan 07, 2015, at 09:41 pm
Kolkata, Jan 7 (IBNS) The joint call of strike by five trade unions at Coal India mines would bring the entire economy to a grinding halt as the country would lose production of over one million tones (MT) of coal worth about Rs 200 crore per day, apex industry body ASSOCHAM said today.
ASSOCHAM seeks wider political support for key reform measures
Dec 15, 2014, at 09:47 pm
Kolkata, Dec 15 (IBNS) ASSOCHAM President elect Sunil Kanoria on Monday appealed to all the mainline political parties, to support the crucial economic reforms agenda of the government that comprises among other things Goods and Services Tax, Insurance Bill, changes in the Land Acquisition Act and the labour laws so that the economy can be put back to the growth path.