ASSOCHAM seeks higher outlay for education in Budget
Jan 17, 2018, at 10:16 pm
New Delhi, Jan 17 (IBNS): Seeking enhanced outlay for education in the coming Budget, the ASSOCHAM has sent a communication to the Finance Minister Arun Jaitley, also making out a case for relief to higher education under Goods and Services Tax (GST).
Union Budget 2018-19: ASSOCHAM seeks 10% customs duty on pulp imports
Jan 16, 2018, at 09:50 pm
New Delhi, Jan 16 (IBNS): Apex industry body ASSOCHAM has urged the Centre to impose 10 per cent customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) to encourage domestic pulp production, provide fillip to job creation and promote overall economic development of India’s vast rural hinterland housing pulpwood plantations.
Corporate Wellness can save India Inc revenue to US$ 20 bln: ASSOCHAM
Jan 15, 2018, at 10:14 pm
New Delhi, Jan 15 (IBNS): Adoption of Corporate wellness program can save India Inc. income up to US$ 20 billion by 2018 through a reduction in absenteeism rate by 1.00 percent and at the same time improve chronic and lifestyle diseases of corporates and employees, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM) latest paper.
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.
Jan 08, 2018, at 09:34 pm
New Delhi, Jan 8 (IBNS): As many as 24 power projects with 41.81 GW capacity may be under a severe financial stress, but the troubled sector still holds hope in growth drivers including higher demand from the Railways, proposed law to enforce power purchase agreements (PPAs) on the discoms, increasing focus on electric vehicles and reaching electricity to all un-electrified villages, an ASSOCHAM study has noted.
Indian NBFCs must adopt new tech-based biz models to attract PE funding: ASSOCHAM-PwC Study
Jan 07, 2018, at 11:37 pm
New Delhi, Jan 7 (IBNS): With banks tightening their purse strings owing to increasing bad loans, Indian non-banking financial companies (NBFCs) are growing their market share, however a recent ASSOCHAM-PwC joint study has stated that NBFCs will have to keep pace with new technologies and changing customer aspirations to attract timely PE (private equity) investments.
ASSOCHAM Paper suggests "mid-course" correction to remove inequalities
Jan 06, 2018, at 03:44 am
New Delhi, Jan 5 (IBNS) Suggesting "mid-course corrections" in growth and development model, an ASSOCHAM Paper has said economic, social and political focus should be on narrowing the inequalities among different segments of the Indian population.
Union Budget 2018-19: ASSOCHAM seeks venture capital pool & lower tax rates for electronics sector
Jan 03, 2018, at 09:05 pm
New Delhi, Jan 3 (IBNS): Considering that costs pertaining to finance, energy and logistics/transportation constitute major portion of consumer electronics sector, apex industry body ASSOCHAM has recommended the union government to allow weighted deduction of 150-200 per cent of the actual cost on specified components.
India's direct selling industry may reach Rs 159.3 bln by 2021: ASSOCHAM
Jan 02, 2018, at 11:10 pm
New Delhi, Jan 2 (IBNS): The Direct Selling industry in India has almost doubled since 2011 to reach INR 126.2 billion in 2016 and is expected to grow at a compounded annual growth rate (CAGR) of about 4.8% to reach INR 159.3 billion in 2021, reveals the study undertaken by ASSOCHAM.
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.
Dec 13, 2017, at 09:41 pm
Bhubaneswar, Dec 13 (IBNS): India’s total containerized cargo capacity of 8.75 million TEUs (twenty-foot equivalent units) at all its 12 major ports, a key indicator of a country’s integration with global supply chain for value-added manufactured goods, is less than a quarter of containerized goods handled at China’s single port of Shanghai, making it imperative for us to do a fast catching up, an ASSOCHAM comprehensive study on ports has pointed out.
Farm woes pronounced amidst bright GDP picture: ASSOCHAM
Dec 11, 2017, at 10:29 pm
New Delhi, Dec 11 (IBNS): If there is one sector which needs the maximum of the government’s attention and the top most priority in the ensuing Budget , it is the agriculture that has seen a major setback in Kharif production , leading to overall laggard growth of the farm sector in the country’s GDP performance for the second quarter of the current fiscal, ASSOCHAM said today.
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.
Healthcare mkt. in India may see threefold increase by 2022: ASSOCHAM-RNCOS Paper
Dec 04, 2017, at 09:14 pm
New Delhi, Dec 4 (IBNS): India’s healthcare market may see threefold rise as its size in value terms is likely to reach $372 billion (bn) by 2022 from the level of $110 bn as of 2016 thereby clocking a compounded annual growth rate (CAGR) of 22 per cent, according to an ASSOCHAM-RNCOS joint paper.
Exempt electricity duty to boost investments in metallurgical plants: ASSOCHAM plea to Odisha govt.
Dec 01, 2017, at 09:01 pm
Bhubaneswar, Dec 1 (IBNS): Apex industry body ASSOCHAM has urged the Government of Odisha for exemption of electricity duty to encourage investments in setting up metallurgical plants across the mineral-rich state.
Fix GST rates for hydropower at par with wind and solar: ASSOCHAM plea
Dec 01, 2017, at 08:59 pm
New Delhi, Dec 1 (IBNS): Apex industry body ASSOCHAM has urged the Centre to fix Goods and Services Tax (GST) rates for hydropower at par with wind and solar so that value added cost and tax are commensurate for all renewable power projects.
GST reshaping FMCG logistics into modern business, says study
Nov 29, 2017, at 10:06 pm
New Delhi, Nov 29 (IBNS): Trade and industry may have faced teething troubles from the Goods and Services Tax (GST) but the entire business landscape of FMCG (fast moving consumer goods), retail and logistics is going to be transforming into modern and efficient model with introduction of uniform tax regime, says a joint study by ASSOCHAM-MRSS India.
Looming inflation to dash interest rate cut prospects; says ASSOCHAM
Nov 26, 2017, at 10:20 pm
New Delhi, Nov 26 (IBNS): As uncertainty and apprehension looms over crude oil prices and vegetables, mainly on the back of rising retail prices of onion and tomatoes, are disrupting the home makers’ budget, inflation would remain a key concern both for the RBI and the government dimming any hope of a cut in interest rates, the ASSOCHAM said on Sunday.
Digital ad spending in India to cross Rs 13,000 crore mark by 2018: ASSOCHAM
Nov 20, 2017, at 09:26 pm
New Delhi, Nov 20 (IBNS): With the growing demand for smartphones and falling data prices are likely to increase digital advertising spend in India from the current level of Rs 9,800 crore to Rs 13,000 crore by December 2018 growing at a compound annual growth rate (CAGR) of 35 per cent, according to ASSOCHAM.
Hiring prospects to remain subdued in short term; things to look up in 2 quarters: ASSOCHAM
Nov 19, 2017, at 11:44 pm
New Delhi, Nov 19 (IBNS): With corporate India placing most energies on rationalising costs, including the wage costs , and trying to deleverage its balance sheet, the hiring outlook in the private sector , is expected to stay muted till beginning of fiscal 2018-19, an ASSOCHAM assessment , based on its feedback from members has indicated.
India’s retail market to touch US $1.1 trillion by 2020: study
Nov 15, 2017, at 09:49 pm
New Delhi, Nov 15 (IBNS): The retail market in India is likely to reach US$1.1 trillion by 2020 from the current level of US$ 680 billion, according to the just published study jointly by MRRSIndia.com and ASSOCHAM.
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.
ASSOCHAM seeks relief for exporters on GST issues
Nov 07, 2017, at 09:48 pm
New Delhi, Nov 7 (IBNS): ASSOCHAM has suggested examining the impact of the Goods and Services Tax (GST) on exports and impressing upon the GST Council and the government to help exporters receive their tax refunds without any further delay, besides easing rules for the GST administration on exports to maintain the growth momentum.
25 lakhs workers jobless due to furnace oil ban in NCR: ASSOCHAM
Nov 06, 2017, at 09:25 pm
New Delhi, Nov 6 (IBNS): ASSOCHAM has advocated giving adequate time to the industrial consumers to migrate from thefurnace oil and pet coke to gas-based to save the livelihood of over 25 Lakhs workers in the national capital region (NCR).
India’s grooming and cosmetic market to touch $35 billion by 2035: study
Oct 30, 2017, at 09:33 pm
New Delhi, Oct 30 (IBNS): The market size of India’s beauty cosmetics and grooming is expected to touch $35 billion by 2035 from the current level of $6.5 billion says the joint study undertaken by ASSOCHAM– MRSSIndia.com.
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.
Oct 24, 2017, at 09:07 pm
New Delhi, Oct 24 (IBNS): Despite India being world’s largest producer for milk and second largest producer of fruits and vegetables, about 40 to 50 per cent of the total production valued of $440 billion (bn) ends up wasting, noted a recent ASSOCHAM-MRSS India study.
GST, demonetisation may impact Indian wedding market growth: ASSOCHAM
Oct 24, 2017, at 09:01 pm
New Delhi, Oct 24 (IBNS): The upcoming wedding season starting in November may be impacted by 10-15 per cent particularly wedding services like marriage garden/marriage hall booking, tent booking, confectionery services, photography and more, reveals by industry chamber ASSOCHAM.
35-40% slashing in corporate gifts this Diwali: ASSOCHAM Survey
Oct 19, 2017, at 07:33 pm
New Delhi, Oct 19 (IBNS): In sync with the low-key festivities due to slowdown concerns and pressure on their balance-sheets, corporate India is going rather lukewarm in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, an ASSOCHAM survey has noted.
Online sales may surpass Rs 30,000 cr. in festive month: ASSOCHAM
Oct 12, 2017, at 12:44 am
New Delhi, Oct 11 (IBNS): Consumers are increasingly opting for online shopping preferably mobile phones, electronic gadgets, consumer durables, apparel, home appliances and gift articles on the occasion of Diwali, the sale may touch Rs 30,000 crore as against Rs. 22,000 cr spent last year, a quick survey by ASSOCHAM National Council on E-commerce.