Business like budget; high on reforms, rural demand & infra: ASSOCHAM
Feb 02, 2017, at 12:24 am
New Delhi, Feb 1 (IBNS): Apex industry body ASSOCHAM today congratulated Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley for giving a truly workman and business-like Budget, with a great focus on rural economy, small and medium enterprises, small income tax payers and importantly bringing reforms in political funding.
ASSOCHAM submits suggestions to political parties for inclusion in election manifesto
Jan 31, 2017, at 01:53 am
New Delhi, Jan 30 (IBNS): The Associated Chambers of Commerce and Industry of India (ASSOCHAM) today submitted its suggestions to various political parties in Goa for inclusion in their respective election manifesto.
FM faced with excessive hopes on ‘Solve-All’ Budget: ASSOCHAM
Jan 31, 2017, at 01:51 am
Mumbai, Jan 30 (IBNS): Meeting excessive expectations riding on the forthcoming Union Budget, being seen as a ‘Solve-All’ big mover in the aftermath of demonetization, could be a challenging task for the Finance Minister Arun Jaitley who has to reckon in the fall out of the Goods and Services Tax, stress in the small industry and trade as also the rural landscape, an ASSOCHAM pre-Budget assessment pointed out.
Jan 28, 2017, at 10:55 pm
New Delhi, Jan 28 (IBNS): Apex industry body ASSOCHAM has urged the Union Government to reduce customs duty on chilled and frozen sea food from present level of 30 per cent to 10 per cent to bring down food inflation and satiate high demand for sea food in India.
Link BPO promotion scheme with direct tax benefit: ASSOCHAM plea to Govt.
Jan 25, 2017, at 10:14 pm
New Delhi, Jan 25 (IBNS): Apex industry body ASSOCHAM has suggested the Union Government to link the India business process outsourcing promotion scheme (IBPS) with direct tax benefit.
GST on healthcare will make medicare unaffordable: ASSOCHAM-TechSci study
Jan 25, 2017, at 10:08 pm
Mumbai, Jan 25 (IBNS): The healthcare sector catering to the unmet health needs of the society should be kept out of the purview of the Goods and Services Tax (GST) or else medical care would become expensive and unaffordable for the common persons, said an ASSOCHAM-TechSci Research paper.
Note ban has negative impact on SMEs; large firms can benefit in long run: ASSOCHAM Bizcon
Jan 23, 2017, at 11:33 pm
Chennai, Jan 23 (IBNS): Demonetisation of high value currency notes would leave quite a negative impact on small and medium enterprises, rural consumption and job creation in the immediate run while the large and well organised sectors of the corporate India stand to benefit in the long term horizon, the latest ASSOCHAM Bizcon Survey pointed out.
India will add 160-170 million labour force by 2020: study
Jan 21, 2017, at 12:58 am
New Delhi, Jan 20 (IBNS): India’s labour force will expand by 160-170 million in 2020, depends on various factors which includes population growth rate, labour force participation, education enrolment at higher levels etc, an ASSOCHAM –Thought Arbitrage joint study has pointed out.
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.
India sees large rise in cybercrime: ASSOCHAM-PwC study
Jan 19, 2017, at 01:07 am
New delhi, Jan 18 (IBNS): Cyber security incidents are seeing a rise in India, with a total of 39,730 incidents reported in the first 10 months of 2016, as against 44,679 and 49,455 observed during the years 2014 and 2015 respectively, a recent ASSOCHAM-PwC joint study said on Wednesday.
Note scrapping can do little to stop future generation of black money: ASSOCHAM study
Jan 18, 2017, at 09:45 pm
New Delhi, Jan 18 (IBNS): Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation.
Let Budget be presented on Feb 1, ASSOCHAM to opp parties
Jan 15, 2017, at 09:17 pm
New Delhi, Jan 15 (IBNS): Making a strong appeal to different political parties to let the Union Budget for 2017-18 be presented to Parliament on Feb 1, the apex industry chamber ASSOCHAM on Sunday said the advancement to this effect would help the government to begin its capital and other expenditure right from April and revive the much needed economic growth.
India needs 80 lakhs Wi-Fi hotspots: ASSOCHAM-Deloitte study
Jan 14, 2017, at 12:22 am
New Delhi, Jan 13 (IBNS): India needs over 80 lakhs hotspots as against the availability of about 31,000 hotspots with a view to reach the global level of one Wi-Fi hotspot penetration for every 150 people, according to ASSOCHAM-Deloitte joint study.
Real estate, infrastructure investment trusts could raise Rs 50K crore: ASSOCHAM-Crisil
Jan 11, 2017, at 09:59 pm
New Delhi, Jan 11 (IBNS): The real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) can help raise close to Rs 50,000 crore in the near term given the interest shown by certain players in the infra and real estate space, noted a recent ASSOCHAM-Crisil joint study.
Over 69 million consumers shopped online in 2016: ASSOCHAM-Resurgent study
Jan 09, 2017, at 11:07 pm
New Delhi, Jan 9 (IBNS): In 2016, about 69 million consumers purchased online and the number is expected to cross 100 million by 2017 with the rise of digital natives, better infrastructure in terms of logistics, broadband and Internet-ready devices to fuel the demand in e-Commerce, according to an ASSOCHAM-Resurgent India study.
Agent, sales person least trustworthy for those buying insurance: ASSOCHAM study
Jan 08, 2017, at 01:30 am
New Delhi, Jan 7 (IBNS): Insurance agent is taken as the least trustworthy source in the sales process of an insurance policy across different policy segments both among the financially literate and financially non-literate consumers, an ASSOCHAM study has found.
Jan 05, 2017, at 12:02 am
New Delhi, Jan 4 (IBNS): In the larger interest of industries, apex industry body ASSOCHAM has urged the Union Government to immediately get revoked the notification vis-Ã -vis withdrawal of input tax credit on inter-state sale/branch transfer of natural gas issued by Finance Department of Gujarat government on Nov 28, 2016.
Effective implementation of schemes announced by PM will boost India’s economic growth: ASSOCHAM
Jan 04, 2017, at 03:35 am
New Delhi, Jan 3 (IBNS): Terming the steps announced by Prime Minister Narendra Modi in his address to the nation on New Year’s Eve as ‘extremely positive for the Indian economy,’ apex industry body ASSOCHAM today said that the focus should now be on effective implementation of these schemes to drive economic growth.
Patanjali among most disruptive forces of 2016: ASSOCHAM- TechSci study
Jan 02, 2017, at 09:41 pm
New Delhi, Jan 2 (IBNS): Patanjali Ayurveda, steered by Baba Ramdev has turned out to be the most disruptive force in India’s fast moving consumer goods (FMCG) market which is expected to reach the USD billion mark by 2020, according to an ASSOCHAM– TechSci Research paper.
Hotel bookings for New Year’s Eve celebrations down by up to 5%: ASSOCHAM
Dec 31, 2016, at 03:35 am
New Delhi, Dec 30 (IBNS): Demonetisation and the consequent cash crunch seems to have some impact on New Year's Eve celebrations as bookings received by star-rated hotels in metros have registered a decline of about 5-7 per cent, noted a quick survey undertaken by ASSOCHAM Social Development Foundation.
Take digital era to in flights; ASSOCHAM seeks PM nod
Dec 28, 2016, at 09:51 pm
New Delhi, Dec 28 (IBNS): In an era of digital push, the ASSOCHAM has approached the Prime Minister Mr Narendra Modi and other concerned senior ministers to permit satellite –based ‘In Flight Connectivity (IFC)’ in the aircraft flying over the Indian air space, both for the domestic and foreign airlines.
Dec 26, 2016, at 10:12 pm
New Delhi, Dec 26 (IBNS): In order to mitigate the problems of farmers and those engaged in allied activities like poultry farming and horticulture, arising out of the demonetization, the ASSOCHAM has suggested issuance of Transferrable Receipts (TRs) by agencies like the Food Corporation of India (FCI), National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and other Central and state entities against procurement of the farm produce.
IDBI Bank receives ASSOCHAM SMEs Excellence Award 2016 in micro lending
Dec 22, 2016, at 01:14 am
Mumbai, Dec 21 (IBNS): ASSOCHAM has instituted Awards for Excellence in MSE Lending to Banks & NBFCs in recognition of the performance in financing to Micro, Small & Medium Enterprises.
75% fall in supply of animal hide threatens closure of tanneries in major leather clusters: ASSOCHAM
Dec 20, 2016, at 03:11 am
New Delhi, Dec 19 (IBNS): Trade in major clusters of leather and leather products in India has been hit hard by the union government's move of demonetisation, observed a quick survey-cum-analysis by apex industry body ASSOCHAM.
Dec 10, 2016, at 11:07 pm
New Delhi, Dec 10 (IBNS): Prime Minister Narendra Modi’s bold drive to take the economy into a ‘less cash’ mode through a multi-pronged strategy would not only check the menace of black money and corruption but would also lead to a large part of the informal economy into the organised sector , said ASSOCHAM President Sunil Kanoria.
M-wallet, digital payment cos. must win customers’ trust for widespread adoption, says study
Nov 22, 2016, at 09:54 pm
New Delhi, Nov 22 (IBNS): With a view to win customers’ trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people, suggested an ASSOCHAM-RNCOS joint study.
Nov 22, 2016, at 12:22 am
New Delhi, Nov 21 (IBNS): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.
Cash crunch fall-out: Non-bank payment players to witness huge growth, says ASSOCHAM Paper
Nov 20, 2016, at 11:54 pm
New Delhi, Nov 20 (IBNS): One of the immediate fall outs of the demonitisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business, as more and more retailers in the goods and service value chain would be compelled to shift to non-cash modes for customer transactions, an ASSOCHAM Paper has said.
Deploy more mobile ATMs in areas with large no. of workforce: Bandaru Dattatreya to FinMin
Nov 19, 2016, at 01:49 am
New Delhi, Nov 18 (IBNS): The Union Labour Ministry has requested the Finance Ministry for deploying more mobile automated teller machines (ATMs) in areas like construction sites and others where there is workforce in large numbers, Minister of State (I/C) for Labour and Employment, Bandaru Dattatreya said at an ASSOCHAM event held in New Delhi on Friday
Standing against black money; ASSOCHAM urges Govt for relief to SMEs, trade
Nov 18, 2016, at 10:10 pm
New Delhi, Nov 18 (IBNS): Assuring the Prime Minister Narendra Modi of India Inc’s full support in the fight against black money and corruption, the ASSOCHAM has said though the short – term hardship would lead to long-term cleaning up of the economy, some immediate relief should be considered for the industry, SMEs and the trade.