Sale of Chinese goods may drop 45% this Diwali; India to celebrate a Make in India Diwali: ASSOCHAM
Oct 09, 2017, at 09:28 pm
New Delhi, Oct 9 (IBNS): Be it decorative items like lights, gift items, lamps and wall hangings or other product, the sale of Chinese products may decline by 40-45% this Diwali as compared to last year which was about 30% as per the market report from various states, a quick survey by ASSOCHAM-Social Development Foundation (ASDF).
Mutual Funds trust sovereign the most for deploying debt funds: ASSOCHAM
Oct 09, 2017, at 04:17 am
New Delhi, Oct 8 (IBNS): When it comes deploying their resources for long term debt products, the mutual funds bet the most on the government securities or the sovereign, an ASSOCHAM analysis has shown.
Floods to dent Khariff output; rain shortfall in Karnataka, Kerala adding to woes: ASSOCHAM
Sep 22, 2017, at 09:29 pm
New Delhi, Sept 22 (IBNS): The flood fury in Assam, West Bengal, Bihar, Gujarat, Rajasthan, Uttar Pradesh alongside shortfalls in rains in southern states would significantly dent the khariff output with three major foodgrains expected to give a lower harvest of 129.5 million tonnes this year against 138.5 million tonnes in the same season of 2016-17, an ASSOCHAM study has cautioned.
Petrol,diesel prices not market driven, but tax driven, Centre, states should cut levies: ASSOCHAM
Sep 16, 2017, at 11:35 pm
New Delhi, Sept 16 (IBNS): Consumer is getting restive about a three year high in the petrol and diesel prices because he/she feels the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply and are ruling at exactly half the level of USD 107 per barrel in May, 2014 even after rising in the last three months .
Global e-waste poised to surge from 47.8 MT to 49.8 MT by 2018: study
Sep 15, 2017, at 09:39 pm
New Delhi, Sept 15 (IBNS): The global quantity of e-waste is expected to touch 49.8 Mt (million tonnes) by 2018 from the current level of 47.8 million tonnes, with an annual growth rate of 4 to 5 per cent, according to an ASSOCHAM-Sofies-Toxics Link joint study.
Tax on any gain to firms under insolvency code under hair cut be waived: ASSOCHAM to Govt.
Sep 13, 2017, at 10:43 pm
New Delhi, Sept 13 (IBNS): Apex industry body ASSOCHAM has written to the government, seeking a slew of tax reliefs, including exemption from tax on any hair cut taken by the banks in the form of a waiver of interest accrued, for the debt -ridden companies which are sought to be revived under the Insolvency and Bankruptcy Code (IBC) .
Sep 13, 2017, at 10:39 pm
New Delhi, Sept 13 (IBNS): If India has to maintain a sustained GDP growth of 9-10 per cent per annum, it is crucial that the manufacturing sector grows steadily at 14–15 per cent per annum over the next three decades, noted a recent ASSOCHAM-EY joint study.
IBBI needs a framework to resolve cross-border insolvency-study
Sep 13, 2017, at 02:07 am
New Delhi, Sept 12 (IBNS): Insolvency and Bankruptcy Board of India (IBBI) needs to quickly provide for a cross-border insolvency framework as many of the existing insolvency cases have foreign creditors, the existing provisions of code may not be adequate, according to an ASSOCHAM-EY joint study.
India Inc not ready for professional boards with promoters in background: ASSOCHAM survey
Sep 11, 2017, at 11:51 pm
New Delhi, Sept 11 (IBNS): India Inc is not ready yet to give complete management control to professional boards and managers, as majority of the corporate firms have promoters' holding well over 50 per cent and even those with much lower stake are not willing to bet fully on professionals, an ASSOCHAM CEOs' survey has noted.
Sep 09, 2017, at 10:46 pm
Bengaluru, Sept 9 (IBNS): While Karnataka has emerged numero uno amongst the mainstream states across India in terms of manufacturing excellence, it has ranked third in terms of attracting investments in manufacturing sector thereby leaving frontline states like Gujarat behind, apex industry body ASSOCHAM has said.
Mumbai work force deserves a better deal; mega city to lose sheen among investors: ASSOCHAM
Aug 31, 2017, at 01:04 am
New Delhi, Aug 30 (IBNS): Complimenting resilience shown by Mumbaikars in battling heavy rains on August 29, the ASSOCHAMon Wednesday said the mega city would lose its sheen among the large domestic and global investors, as it is ill-equipped to face such eventualities.
Aug 27, 2017, at 11:15 pm
New Delhi, Aug 27 (IBNS): Amidst the debate on possible fall-outs of the Supreme Court judgement pronouncing privacy as fundamental right, on Aadhaar related government schemes, an ASSOCHAM–Thought Arbitrage Report Card of three years of the Narendra Modi Government has noted that the biometric cards have facilitated as much as Rs 83,184 crore to beneficiaries of the Direct Benefit Transfer (DBT) schemes, without the notorious leakages of the past.
Telecom sector bat for lower financial charges: ASSOCHAM-KPMG study
Aug 21, 2017, at 10:30 pm
New Delhi, Aug 21 (IBNS): The financial stress on the telecom sector can be reduced to a great extent by considering a reduction in spectrum usage charges as well as license fees, according to an ASSOCHAM-KPMG joint study.
Telecommunications sector to generate 30 lakh jobs by 2018: ASSOCHAM-KPMG
Aug 18, 2017, at 10:50 pm
New Delhi, Aug 18 (IBNS): Roll out of 4G technology with an increase in data, entry of new players in the market, introduction of digital wallets, popularity of smart phone leading to consistent increase in demand for technology and other developments in the telecom sector likely to increase job opportunities by 30 lakhs by 2018, according to an ASSOCHAM-KPMG joint study.
Startups must develop stronger & sustainable biz plans to continue receiving PE/VC funding: Study
Aug 16, 2017, at 10:52 pm
New Delhi, Aug 16 (IBNS): Developing stronger and sustainable business plans will help startups in receiving PE/VC (private equity/venture capital) funding, suggested a recent ASSOCHAM-Hammurabi & Solomon joint study.
Tech solutions in place; mind set of staff manning customer services need massive change: ASSOCHAM
Aug 15, 2017, at 12:07 am
New Delhi, Aug 14 (IBNS): Be it a post office, not in some remote area but in big cities of Mumbai and Delhi, or a public sector bank, state-owned MTNL, BSNL or several other government owned and run organisations, the ease of doing business, especially for a small entrepreneur is missing despite a well-meaning digital drive of the government, an ASSOCHAM paper has noted with concern.
Pool all skill development schemes under single minister with Rs 25K crore budget, suggests study
Aug 13, 2017, at 10:24 pm
New Delhi, Aug 13 (IBNS): The Union Government should take core elements of skill development from various ministries and pool them under single minister with a budget of about Rs 25,000 crore, suggested an ASSOCHAM-Tata Institute of Social Sciences (TISS) joint study.
Indian handset market crosses 350 million shipments in 2017: ASSOCHAM-KPMG study
Aug 09, 2017, at 01:06 am
New Delhi, Aug 8 (IBNS): Indian handset market recorded over 350 million shipments in the year 2017 as compared to 280 million in 2016, a surge in revenue from INR 111,000 crores in 2015 to INR 135,000 crore in 2016, according to an ASSOCHAM-KPMG joint study.
External rupee value far greater than internal; mismatch hurting exporters: ASSOCHAM
Aug 08, 2017, at 12:11 am
New Delhi, Aug 7 (IBNS): Declining by close to six per cent over the last one year, rupee is now trading at 63.63-70 against 66.93 to a dollar in August, 2016.
Banks may need 20% incremental provisioning for 50 large stressed assets: Study
Aug 05, 2017, at 01:28 am
New Delhi, Aug 4 (IBNS): Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of the banking sector, noted a recent joint study by ASSOCHAM-Crisil.
Firms must step up focus, spending on strengthening IT systems to thwart cyber attacks: Study
Aug 01, 2017, at 09:55 pm
New Delhi, Aug 1 (IBNS): The focus and spending on information technology (IT) systems by business organisations in India needs to be complemented with similar efforts in operational technology (OT) and consumer technology (CT) systems to combat myriad cyber attacks, suggested a recent ASSOCHAM-PwC study.
India’s solar capacity fell short of target of 17 GW by FY2017: study
Jul 31, 2017, at 10:17 pm
New Delhi, July 31 (IBNS): India’s installed solar capacity fell short of target of 17 gigawatts (GW) by the end of FY2017, the country will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and 15+ GW per year to meet the 2022 target, noted a recent ASSOCHAM-NEC joint study.
19 per cent of Indian population is still unbanked: ASSOCHAM-EY
Jul 26, 2017, at 01:41 am
New Delhi, July 25 (IBNS): Despite rationale and a strong institutional credit network, India’s financial services ecosystem lags in terms of physical infrastructure and has failed to reach the poor, more than 19% of the population who are unbanked or financially excluded, noted a recent ASSOCHAM-EY joint study.
Rs. 8 Lakh crore NPAs likely to undergo bankruptcy proceedings by March 2019: ASSOCHAM
Jul 18, 2017, at 02:12 am
New Delhi, June 17 (IBNS): Emboldened by the Banking Regulation (Amendment) Ordinance, RBI is expected to put bad loans worth about Rs 8 lakh crore for resolution by March 2019, a move that could bring down the non-performing assets (NPAs) to acceptable level and significantly improve the financial health of banks as well, a study done by ASSOCHAM said.
Inflation outlook to stay muted for more months: ASSOCHAM
Jul 18, 2017, at 02:10 am
New Delhi, July 17 (IBNS): With the country set to reap a record foodgrains production and the industry not enjoying any pricing power, the inflation outlook remains quite muted at least till festival season of Durga Puja and Diwali, an ASSOCHAM analysis has suggested.
Dismantling check posts, post- GST save 24-36 hrs trucking time on trunk routes: ASSOCHAM
Jul 11, 2017, at 09:58 pm
New Delhi, July 11 (IBNS): Notwithstanding some teething troubles, the GST is saving trucking time on trunk routes, connecting top cities, between 24-36 hours besides saving the fleet owners Rs 5,000 -7,500 per trip by way of corruption at the octroi and sales tax/VAT check posts which have since been dismantled by most of the states, an ASSOCHAM quick check has noted.
GST to boost MSMEs’ competitiveness, says study
Jul 08, 2017, at 10:41 pm
New Delhi, July 8 (IBNS):The Goods and Services Tax (GST) would boost the competitiveness of micro, small and medium enterprises (MSMEs), noted a recent joint study by ASSOCHAM- Ashvin Parekh Advisory Services (APAS).
India spends miniscule amount on cyber security: ASSOCHAM-PwC study
Jul 05, 2017, at 09:26 pm
New Delhi, July 5 (IBNS): Despite the growing threat, India’s budgetary allocation towards cyber security was about Rs 42.2 crore in 2012-13, up 19 per cent from Rs 35.45 crore in 2010-11 whereas US spend $658 million through department of homeland security and $93 million through US-CERT in 2013, according to the joint study brought out by ASSOCHAM and PwC.
GST to bring cheer for domestic electronic components’ manufacturers: Study
Jul 05, 2017, at 09:18 pm
New Delhi, July 5 (IBNS): Implementation of goods and services tax (GST) will bring innumerable benefits for domestic manufacturers of electronic components as cost of manufacturing will be significantly brought down, noted a recent ASSOCHAM-NEC joint study.
Record inflation augurs perfectly well for GST launch: ASSOCHAM
Jul 03, 2017, at 09:37 pm
New Delhi, July 3 (IBNS): With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.