‘Make in India’ will have to be Robotics-driven for global firms eyeing India: ASSOCHAM Study
Jul 06, 2018, at 04:04 pm
New Delhi, July 6 (IBNS): Without treating them as anti-labour devices, Robotics will have to be integrated as key components of the government’s flagship ‘Make in India’ programme for attracting global manufacturers to set up their highly efficient and automated supply chain facilities in the country, an ASSOCHAM study has pointed out.
Over 120 million Indian consumers expected to shop online in 2018: ASSOCHAM-Resurgent study
Jun 24, 2018, at 05:14 pm
New Delhi, June 24 (IBNS): Helped by fast increasing data consumption and improvement in logistics, over 120 million Indian consumers are expected to shop online, clocking annualized growth of 115 per cent in 2018 as the e-commerce platforms slug it out with discounts and other attractive deals in a wide range of products from clothes, mobile phones, air-conditioners to a whole lot of consumer items, according to ASSOCHAM-Resurgent 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.
India’s overall electricity demand from EVs may reach 69.6 TWh by 2030: ASSOCHAM-EY study
Jun 16, 2018, at 03:52 pm
New Delhi, June 16 (IBNS): The overall electricity demand from electric vehicles (EVs) in India is projected to be around 79.9 gigawatt hours(GWh) by 2020 and is expected to reach 69.6 terawatt hours (TWh) by 2030, noted a recent ASSOCHAM-EY joint study.
India among the top five countries in e-waste generation: ASSOCHAM-NEC study
Jun 04, 2018, at 05:01 pm
New Delhi, June 4 (IBNS): Despite the government’s emphasis on Swachch Bharat Abhiyaan and Smart Cities project, India continues to be generating highest e-waste vis-à-vis China, USA, Japan and Germany an ASSOCHAM-NEC recent study coinciding with the “Environment Day” (June 5) noted.
Political economy to centre around elections forcing "wait and watch" by biz: ASSOCHAM
May 14, 2018, at 09:39 pm
New Delhi, May 14 (IBNS): Whatever the outcome of Karnataka elections, the political-economic narrative of 2018 and early part of 2019 would centre around either the impending polls in states like Madhya Pradesh and Rajasthan or the general Lok Sabha elections, forcing investors to adopt a ''wait and watch'' stance although sectors focussed on rural consumption and health are likely to receive increased opportunities, an ASSOCHAM note has said.
Frame separate law, implement Direct Selling Guidelines: ASSOCHAM plea to Consumer ministry
Apr 25, 2018, at 09:31 pm
New Delhi, Apr 25 (IBNS): Apex industry body ASSOCHAM has urged the centre for speedy implementation of Direct Selling Guidelines notified by Union Government’s Department of Consumer Affairs in 2016 to facilitate ease of doing business in this sector.
Twin balance sheets problems nearing resolution in 3 quarters: ASSOCHAM
Apr 16, 2018, at 03:24 am
New Delhi, Apr 15 (IBNS): It may take at least another three quarters before the problem of twin balance sheets of banks and highly leveraged corporate firms gets reasonably resolved, even as the process of resolution of the companies under IBC reference would pick up pace in the coming months, said ASSOCHAM.
Cyber frauds: ASSOCHAM-PwC paper moots proposal for creating central monitoring mechanism
Apr 10, 2018, at 09:45 pm
New Delhi, Apr 10 (IBNS): The union government must set up a central security operations centre (SOC) with advanced analytical capabilities to enable continuous and real-time monitoring of all information technology (IT) assets, interconnected networks and operational environments, suggested a recent ASSOCHAM-PwC joint paper.
Privacy, data leak, data trail, strategic issues to need RBI focus on crypto currency: ASSOCHAM
Apr 09, 2018, at 10:03 pm
New Delhi, Apr 9 (IBNS): Describing the RBI move to explore and examine introduction of official virtual currency in the country, the ASSOCHAM has, however, cautioned that extreme care be taken to ensure safety of the data trail that the crypto currency can leave as it changes hands through a range of electronic devices and platforms.
MSP hike, likely populist measures key risks to inflation, ASSOCHAM tells RBI
Apr 02, 2018, at 01:45 am
New Delhi, Apr 1 (IBNS): Key risks to the retail inflation include higher Minimum Support Prices (MSP) for agricultural items, populist spending in the run-up to the 2019 general elections and strengthening of global crude oil prices, the ASSOCHAM has said in its pre-credit policy review letter to the Reserve Bank of India (RBI).
Set up BPO sector specific CERTs: ASSOCHAM
Apr 01, 2018, at 02:26 am
New Delhi, Mar 31 (IBNS): While the government and BPO industry are taking variety of initiatives in the cyber security domain, apex industry body ASSOCHAM has suggested the government to establish BPO (business process outsourcing) sector specific computer emergency response team (CERT) to minimise cyber attacks in the BPO landscape.
Mar 30, 2018, at 08:44 pm
New Delhi, Mar 30 (IBNS): Most cyber frauds in India’s booming business process outsourcing (BPO) sector occur due to lack of strict implementation of existing information security protocols together with poor employee awareness, noted a recent survey jointly conducted by apex industry body ASSOCHAM and global software giant Microsoft.
Trade war can lead to collateral damage for India: ASSOCHAM
Mar 26, 2018, at 02:08 am
New Delhi, Mar 25 (IBNS): If the tariff war escalates into a full-scale global trade war, it would have a collateral damage for the Indian economy as well, with the country's exports taking a hit, current account deficit facing pressure and the GDP taking a setback, the ASSOCHAM has said.
In possible global trade war; India does not have much flexing power despite high imports: ASSOCHAM
Mar 19, 2018, at 02:53 am
New Delhi, Mar 18 (IBNS): India may be running an annual trade deficit of about USD 150 billion , but a much higher level of imports than exports would not provide the country handle to retaliate , should the world witnesses an escalation in trade war, since most of the Indian imports are unavoidable, said ASSOCHAM.
Drop in diamond demand, more so in unorganised market on purity concerns.: ASSOCHAM Survey
Mar 16, 2018, at 10:08 pm
New Delhi, Mar 16 (IBNS): The alleged PNB fraud involving diamantaire Nirav Modi seems to have shaken confidence of the diamond jewellery buyers, especially from the unorganised jewellers, on concerns of the purity of the precious jewellery, resulting in drop in business in the trade, according to an ASSOCHAM survey.
Mar 15, 2018, at 08:44 pm
New Delhi, Mar 15 (IBNS): Implementing digital technologies such as blockchain, artificial intelligence (AI), machine learning and robotic process automation can resolve inefficiencies in our current trade finance system, and make the process efficient at the bank’s, buyer’s, seller’s, as well as the SME’s/MSME’s end, noted a recent ASSOCHAM-Deloitte joint study.
Limit collateral damage from bank frauds: ASSOCHAM
Mar 11, 2018, at 11:50 pm
New Delhi, Mar 11 (IBNS): All out efforts must be made by banks, regulators, government and India Inc to limit the collateral damage from the alleged fraud in PNB, said the ASSOCHM on Sunday, cautioning over-reaction by the banks and the investigative agencies would hurt essential credit disbursement to the trade and industry and tamper the growth expectations.
Life insurance popular choice among women: IndiaFirst Life Insurance-ASSOCHAM
Mar 09, 2018, at 10:19 pm
New Delhi, Mar 9 (IBNS): Life insurance is the most popular choice of the respondents with at least 72% wanting to invest in it followed by deposits both fixed and recurring at 69% and mutual funds at 61%, a survey released on International Women’s Day by ASSOCHAM and IndiaFirst Life Insurance Company Limited.
Lets not push banks fire fighting with frauds to meet hard Aadhaar deadline: ASSOCHAM
Mar 05, 2018, at 03:02 am
New Delhi,m Mar 4 (IBNS): Notwithstanding judicial scrutiny and governments well-intentioned moves, the banks , particularly those in the PSUs, may find it hard and challenging to complete the task of linking Aadhaar with the accounts of all the customers by Mar 31,2018 thus necessitating relaxation of the deadline, the ASSOCHAM has said.
Indian paper industry likely to touch 25 MT by 2020: ASSOCHAM
Feb 27, 2018, at 10:18 pm
New Delhi, Feb 27 (IBNS): Indian paper industry is poised to grow and touch 25 million tonnes from 20.37 million tonnes to 2019-20 from 2017-18 at the rate of 10% per annum, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM) recent paper.
Let PNB fraud not halt business lending: ASSOCHAM
Feb 25, 2018, at 09:17 pm
New Delhi, Feb 25 (IBNS): ASSOCHAM has cautioned against allowing the alleged fraud in the Punjab National Bank (PNB) to halt the entire system of corporate lending as demoralisation would set in among the top functionaries and employees of the state-owned banks, something the country can ill-afford at a time when the credit growth was about to recover and economy was set to grow at a higher pace.
Feb 24, 2018, at 12:48 am
New Delhi, Feb 23 (IBNS): Considering that multitude of homeland security solutions currently available in the market create lot of confusion for authorities during procurement, a recent ASSOCHAM-EY joint study suggested the government to come up with a formal national security strategy.
Cut govt stake in banks below 50%: ASSOCHAM
Feb 19, 2018, at 09:35 pm
New Delhi, Feb 19 (IBNS): The Punjab National Bank's fraudulent transactions worth Rs 11,300 crore should act as a strong trigger for the government for reducing its stake to less than 50 per cent in the banks which should then be allowed to work on the lines of private sector lenders with a full sense of accountability to their shareholders protecting interest of depositors, ASSOCHAM has said.
Comprehensive action plan needed to drive EV uptake: ASSOCHAM-Nomura Research paper
Feb 16, 2018, at 09:31 pm
New Delhi, Feb 16 (IBNS): Conducive policy environment for market creation, technology development and setting up of a vibrant manufacturing ecosystem for electric vehicles can drive electric mobility in India, noted a recent ASSOCHAM-Nomura Research Institute (NRI) joint study.
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.
India trails developed debt markets by miles: ASSOCHAM-Crisil study
Jan 30, 2018, at 10:48 pm
New Delhi, Jan 30 (IBNS): With a meagre 35 per cent and 17 per cent debt market penetration in Government securities (G-secs) and corporate bonds, India is trailing developed economies like the United States of America (USA) where it is 83 per cent and 123 per cent respectively, noted a recent ASSOCHAM-Crisil joint study.
Jan 29, 2018, at 11:46 pm
New Delhi, Jan 29 (IBNS): Economic Survey for 2017-18 has brought out areas of concern such as rising non-performing assets of the public sector banks and has underlined the need, rightly so, for putting maximum emphasis on creating new jobs, agriculture and education, said ASSOCHAM President Sandeep Jajodia.
Study forecasts gross NPAs to rise to Rs 9.5 lakh crore by March ’18
Jan 22, 2018, at 11:15 pm
Mumbai, Jan 22 (IBNS): With Indian banking sector currently under stress, gross NPAs are expected to rise from March 2017 level of Rs 8 lakh crore to Rs 9.5 lakh crore as on March 31, 2018 i.e. about 10.5 per cent of total advances, while stressed assets are expected to be at Rs 11.5 lakh crore, noted a just-concluded ASSOCHAM-Crisil joint study.
India loses 4% of GDP to mal-nutrition; ASSOCHAM-EY Paper to FM Jaitley in run up to Budget
Jan 22, 2018, at 12:23 am
New Delhi, Jan 21 (IBNS): As Finance Minister Mr Arun Jaitley is busy giving final touches to the Union Budget for 2018-19, an ASSOCHAM-EY joint paper has said that nearly 4 per cent of India’s GDP is estimated to have been lost due to mal-nutrition and certainly women and children deserve a better deal in expenditure outlay, since the country hosts 50 per cent of under-nourished children of the world and women and girl children fall last in the household food serving.