Financial vaccine would revive lives at the bottom of the pyramid: ASSOCHAM president Dr Hiranandani
May 14, 2020, at 10:51 pm
New Delhi/IBNS: The COVID infected economy got the second dose from the finance ministry and would boost the immunity of some of the most underprivileged sections of the society that is the farmers, labourers, street vendors and the tribals, stated Dr Niranjan Hiranandani, President, ASSOCHAM.
PM Modi's Rs 20 lakh crore package calls for self-reliance to lift national spirit: ASSOCHAM
May 12, 2020, at 10:38 pm
New Delhi/IBNS: ASSOCHAM on Tuesday profusely thanked Prime Minister Narendra Modi for lifting the national spirit up, not only with his Rs 20 lakh crore economic package but also laying a broad direction for the country's development , based on a Self-Reliant India, standing tall in the evolving new world order.
Apr 14, 2020, at 05:00 pm
Kolkata/IBNS: Business body ASSOCHAM on Tuesday fully supported Prime Minister Narendra Modi for extending the nationwide lockdown till May 3 for saving each and every Indian from the unprecedented global pandemic, with a firm conviction that the government would soon be announcing a large and effective financial package for protecting agriculture, industry , trade with a particular focus on the MSMEs and millions of jobs.
Apr 08, 2020, at 06:59 pm
Kolkata/IBNS: Apex industry body, Associated Chambers of Commerce and Industry of India or ASSOCHAM, has recommended a 16 point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the backdrop of the Covid19 pandemic.
COVID-19: Minimum $200 billion stimuli needed to support the Indian economy says ASSOCHAM
Apr 08, 2020, at 04:07 pm
New Delhi/IBNS: With a sentiment that to tackle the unprecedented times, exceptional measures are essential, apex industry body, ASSOCHAM has recommended a 16 point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the world’s history, states its Secretary-General, Deepak Sood.
ASSOCHAM suggests business continuity measures to sustain economic activity amid COVID-19 crisis
Apr 07, 2020, at 09:44 pm
Kolkata/IBNS: In a comprehensive plan for gradual lifting of the lockdown, the ASSOCHAM has suggested that several selective but key sectors of trade and industry, including retail, essential manufacturing, large construction and infrastructure projects, to name a few, should be allowed to resume operations, with strict adherence to social distancing norms and other precautionary measures suggested by the Government. This would help mitigate the business and job loss that Indian industries are facing amid the Covid-19 outbreak.
Feb 04, 2020, at 11:40 pm
Kolkata/IBNS: ASSOCHAM Chairman PC Mody, while talking about the thought process that went in drafting Budget 2020 at the body's Post-Budget Conference to analyse tax-related proposals, said their focus was on promoting voluntary tax compliance, facilitate the compliant taxpayer and go after the delinquent ones.
ASSOCHAM states wish list ahead of Budget
Jan 15, 2020, at 06:07 pm
Kolkata/UNI: The Associated Chamber of Commerce and Industry (ASSOCHAM) on Wednesday said it was looking forward to some bold measures in key areas of concerns from the upcoming budget for it to be able to play a galvanising role in the economy and help achieve the target of a $5 trillion economy in the next few years.
Niranjan Hiranandani new ASSOCHAM PresidentÂ
Dec 23, 2019, at 06:10 pm
Kolkata/UNI: Dr Niranjan Hiranandani, Co-Founder and Managing Director of the Hiranandani Group, has taken over as the new president of the Associated Chambers of Commerce & Industry of India (ASSOCHAM), the country's apex organisation of industry and trade.
Assocham welcomes FM Sitharaman's steps to revive growth
Aug 23, 2019, at 09:23 pm
New Delhi, Aug 23 (UNI) India Inc on Friday thanked Finance Minister Nirmala Sitharaman for unveiling a slew of measures to revive economic growth and alleviate problems faced by specific sectors.
India’s food retail market may attract investment USD 827 bln by 2023: study
Nov 11, 2018, at 06:50 pm
New Delhi, Nov 11 (IBNS): India’s food retail market is expected to touch USD 827 billion by 2023, up from USD 487 billion in 2017, growing at a compound annual growth rate (CAGR) of 9.23%, with recent reforms making the sector more competitive and market oriented, according to an ASSOCHAM-TechSci Research consulting joint study.
Nov 05, 2018, at 03:28 pm
New Delhi, Nov 5 (IBNS): Capital expenditure by central and state government agencies on homeland security presents potential of USD 2.73 billion for the year 2018-2019, noted a just-concluded ASSOCHAM-KPMG joint study.
Indian construction equipment sector grew 24% in FY18: ASSOCHAM-Feedback study
Oct 29, 2018, at 03:12 pm
New Delhi, Oct 29 (IBNS): The demand for Indian Construction Equipment (ICE) grew by 24% in FY 2017-18, up from 13% in FY 2015-16, and the sector crossed 90,000 units for the first time due to increase in infrastructure expenditure, according to an ASSOCHAM-Feedback consulting joint study.
Air cargo industry must grow 12.9% annually to achieve national aviation policy target: Study
Oct 22, 2018, at 04:25 pm
New Delhi, Oct 22 (IBNS): The Indian cargo industry needs to grow at a rate of about 12.9 per cent every year from 2018 to 2027 to achieve National Civil Aviation Policy (NCAP 2016) vision of reaching cargo volumes of 10 million tonnes (MT) by 2027, noted a recent ASSOCHAM-Auctus Advisors joint study.
Indian medical device firms be given faster access to US-FDA: Study
Oct 14, 2018, at 04:46 pm
New Delhi, Oct 14 (IBNS): The ASSOCHAM has suggested that the Indian firms engaged in the manufacture of medical devices, be enabled faster access to the US drug and pharmaceutical regulator FDA or FDA equivalent certifications in a cost effective manner through a fast track FDA desk in India with the government, facilitating such a dispensation, according to an ASSOCHAM-MRSS India.Com joint study.
Life insurance preferred investment choice for 70% millennials: Survey
Oct 03, 2018, at 04:38 pm
New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.
Robust US growth to help Indian exporters; big macro picture: ASSOCHAM
Oct 01, 2018, at 04:13 pm
New Delhi, Oct 1 (IBNS): With the US, India's largest destination for merchandise exports, showing a robust economic growth, its best in the last four years, Indian exports hold a promising outlook, helping the country's macro picture, an ASSOCHAM Paper has noted.
Sep 19, 2018, at 04:01 pm
New Delhi, Sept 19 (IBNS): The regulation on data protection and privacy should adopt a risk-based approach and provide certain relaxations and exceptions for micro, small and medium enterprises (MSMEs) under specific circumstances, suggested a recent ASSOCHAM-PwC joint study.
Banks have to take haircuts of 40-60% to achieve moderate degree of safety: Study
Sep 12, 2018, at 04:13 pm
Mumbai, Sept 12 (IBNS): With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate degree of safety regarding timely servicing of financial obligations), noted a recent ASSOCHAM-Crisil joint study.
Sep 10, 2018, at 03:33 pm
New York, Sept 10 (IBNS): The Indian insurance industry is expected to grow to USD 280 billion by FY 2020 with the government’s flagship Ayushman Bharat – the National Health Protection Mission (AB-NHPM) and other growth drivers like rising disposable incomes, presence of global players and easing of the regulatory regime, helping penetration of the insurance culture in the country, according to an ASSOCHAM-APAS study.
Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM
Aug 27, 2018, at 03:17 pm
New Delhi, Aug 27 (IBNS): It is not only crude oil which is exerting pressure on India's import bill and consequently on the current account deficit and the rupee, but a host of other non-oil items like coal, electronics, chemicals and leather and leather products, fruits and vegetables are witnessing rising imports and becoming a drag on the country's overall balance of trade situation , an ASSOCHAM analysis has noted.
Kerala floods may have caused damage of Rs 20,000 crore: ASSOCHAM
Aug 20, 2018, at 03:55 pm
New Delhi, Aug 20 (IBNS): With floods playing havoc in Kerala, the state, known as ‘God’s Own Country’ would have suffered massive economic losses, the estimates of which could well be Rs 15,000-20,000 crore with a staggered impact of a few months, mostly on tourism, cash crops, trade including international trade from Kochi and other ports, besides shaking the lives of millions of people, an ASSOCHAM quick assessment has indicated.
ASSOCHAM opens representative office in North America
Aug 20, 2018, at 03:45 pm
New Delhi, Aug 20 (IBNS): Apex industry body ASSOCHAM has opened a representative office in North America with a view to strengthen India Inc’s presence in the United States of America (USA).
Healthcare BPO Market to touch 188.9 billion USD by 2018: ASSOCHAM-EY
Aug 15, 2018, at 04:26 pm
New Delhi, Aug 15 (IBNS0): The global health care BPO market is expected to grow at a compound annual growth rate (CAGR) of about 10.7% from US$113.2 billion in 2013 to US$188.9 billion by 2018, noted a recent ASSOCHAM-EY joint study.
India’s exports record highest growth in 2017-18: Suresh Prabhu
Jul 25, 2018, at 04:18 pm
New Delhi, July 25 (IBNS): Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal said Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, in New Delhi on Wednesday.
India's export to retain healthy growth despite world protectionism: Suresh Prabhu
Jul 25, 2018, at 01:58 pm
New Delhi, July 25 (IBNS): Despite increasing global protectionism, India’s export will continue to register healthy growth rates and is expected to touch USD 350 billion in the current fiscal, Union Minister of Commerce and Industry Suresh Prabhu said in New Delhi on Wednesday.
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.
Indian TSPs to build efficient infrastructure service for swift growth: ASSOCHAM-KPMG study
Jul 17, 2018, at 08:32 pm
New Delhi, July 16, 2018: Indian Telecom service providers (TSPs) have invested about INR 9,27,000 crore while Foreign Direct Investment (FDI) in the telecom industry has increased from INR 20,000 crore in FY’15-16 to approximately INR 67,000 crore in the first three quarters of FY’16-17, contributing towards building an efficient infrastructure to provide accessible and affordable service to customers, according to an ASSOCHAM-KPMG joint study.
Indias retail sales will cross $1,244.58 billion by 2018: ASSOCHAM-Resurgent study
Jul 13, 2018, at 07:03 pm
New Delhi, July 13 (IBNS): The total retail sales in India will likely to increase from the $717.73 billion during CY 2014 to touch $1,244.58 billion by 2018 as its growing at an impressive rate of about 15%, registering a double digit growth figure year after year, according to an ASSOCHAM-Resurgent India latest study.
Jul 11, 2018, at 03:46 pm
New Delhi, July 11 (IBNS): TRAIs recommendation to permit sale of internet services without a licence and licence fee and other statutory levies is highly disruptive in nature and would wreck a huge investment made in the telecom sector, the ASSOCHAM has said, impressing upon the government to reject the ill-advised move of the regulator.