Investments worth $291 bn needed to plug water demand-supply gap in India: Study
Jul 01, 2017, at 03:16 am
New Delhi, June 30 (IBNS): The widening gap between demand for water and its supply is estimated to reach as high as about 50 per cent by 2030 and plugging this huge gap would need an additional investment of about $291 billion (bn), noted a just-concluded ASSOCHAM-PwC joint study.
US commitment on improving IT market access big positive for India, says ASSOCHAM
Jun 28, 2017, at 11:25 pm
New Delhi, June 28 (IBNS): ASSOCHAMon Wednesday welcomed the India-US joint statement following the meeting of Prime Minister Narendra Modi with President Donald Trump, stating the mutual commitment to increasing market access in Information Technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.
Rentals easing in IT hubs on subdued sentiment: ASSOCHAM study
Jun 28, 2017, at 11:18 pm
New Delhi, June 28 (IBNS): With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according to an ASSOCHAM paper.
Road and Railway to be exempted under the GST regime: ASSOCHAM plea to Govt.
Jun 21, 2017, at 09:28 pm
New Delhi, June 21(IBNS): In view of the long gestation period and showing negative returns, industry body ASSOCHAM has suggested that infrastructure and transportation such as road and railway sectors should continue to be exempted under Goods and Services Tax (GST) regime.
Need to establish legal infrastructure for India to take lead in AI field: Study
Jun 18, 2017, at 12:42 am
New Delhi, June 17 (IBNS): India should take lead in establishing a legal infrastructure on the application of artificial intelligence (AI) to become a frontrunner, suggested a recent ASSOCHAM-PwC joint study titled, ‘Leveraging artificial intelligence and robotics for sustainable growth.’
Assocham, Videocon gear up for GST, launch awareness drive for consumer electronic traders
Jun 04, 2017, at 12:27 am
New Delhi, June 3 (IBNS): In a view to generate awareness and educate retail partners around GST implications, ASSOCHAM and the leading consumer electronics and home appliances company, Videocon, organized the first-of-its-kind GST Summit for Traders recently.
Developed states not adding to skill sets; face big gaps: Study
May 27, 2017, at 11:14 pm
New Delhi, May 27 (IBNS): The most economically developed states are not adequately adding to skill sets , which may result in the severe shortages of skilled manpower in the coming years, with Maharashtra leading the table followed by Tamil Nadu, according to an ASSOCHAM-Thought Arbitrage Paper.
GST to be biggest achievement of Modi Govt; fin inclusion, digital other big milestones: ASSOCHAM
May 21, 2017, at 12:34 am
New Delhi, May 20 (IBNS): As the Narendra Modi is about to complete three years in office, its biggest achievement on economic front would be the Goods and Services Tax which is near a roll-out, while financial inclusion, digitisation and public investment on infrastructure like railways and power distribution are perceived as other credible steps for structural changes in the economy, the ASSOCHAM has said.
Waning appetite for credit in power, telecom, mining; steel witnesses uptick: ASSOCHAM
May 15, 2017, at 10:41 pm
New Delhi, May 15 (IBNS): With appetite disappearing for both lenders and borrowers in highly debt-ridden sectors like power, telecom and mining, the deployment of bank credit to these industries have witnessed a plunge and the trend may continue unless the basic issue of red mark in the balance sheets of banks by way of Non-Performing Asset (NPAs) and the corporate firms in the form of back breaking leverage, is addressed, an ASSOCHAM Paper has said.
May 11, 2017, at 12:40 am
New Delhi, May 10 (IBNS): Maharashtra, Uttar Pradesh (UP) and Gujarat together account for over half of the total investments attracted by real estate and construction sector in India as of December 2016, noted a recent study by apex industry body ASSOCHAM.
Set up stressed assets funds for NPA resolution: ASSOCHAM
May 08, 2017, at 02:54 am
New Delhi, May 7 (IBNS): While lauding the resolute steps being taken by the government and the Reserve Bank of India to tackle the stressed assets in the banking system, the ASSOCHAM has suggested also creation of Stressed Assets Funds (SAFs) with active participation of the cash rich public sector firms to turn non-performing assets (NPAs) into the performing assets.
Devise back up minimum income schemes for those losing jobs due to automation: ASSOCHAM-PwC Paper
Apr 30, 2017, at 11:22 pm
New Delhi, Apr 30 (IBNS): With the Indian IT and other industries facing some of the daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a strong case for government –industry schemes which ensure a minimum income to those displaced , along with basic health facilities for the families in stress.
ASSOCHAM advocates MAT exemption for sick companies under debt restructuring
Apr 27, 2017, at 12:55 am
New Delhi, Apr 26 (IBNS): Apex Industry body ASSOCHAM on Wednesday advocated continuation of the exemption from MAT (Minimum Alternative Tax) by the insertion of a suitable substitution of or addition to the Income Tax Act in respect of the restructuring under the insolvency & banking code 2016.
Indian Nutraceuticals industry to touch US$ 8.5 billion by 2022: Study
Apr 19, 2017, at 02:41 am
New Delhi, Apr 18 (IBNS): Indian nutraceuticals market is expected to cross from a value of US$ 2.8 Billion in 2015 to a value of US$ 8.5 Billion by 2022, according to the joint study brought out by ASSOCHAM and RNCOS.
E-commerce term may be misinterpreted in GST; fear commodity exchanges may be brought in: ASSOCHAM
Apr 16, 2017, at 10:40 pm
New Delhi, Apr 16 (IBNS): The scope of the e-commerce definition as given in the Goods and Services dispensation has been left so wide that it could go well beyond Amazon or Flipkart marketplace platforms and may even cover the commodity exchanges, the ASSOCHAM has said, seeking a clarity from the government so as to remove uncertainty among businesses, as the GST is set for a roll out.
Sharp rise in ACs, power back up devices this summer: ASSOCHAM
Apr 16, 2017, at 01:16 am
New Delhi, Apr 15 (IBNS): Onset of early summer with sudden rise of temperature in most parts of India has given a big boost to Air conditioner (ACs), inverters, generators and air coolers with demand estimated to be going up between 35-45 per cent this season as compared to last year, an ASSOCHAM survey has indicated.
826 housing projects running behind schedule; average delay 39 months: ASSOCHAM study
Apr 10, 2017, at 10:19 pm
New Delhi, Apr 10 (IBNS): Battling adversity, as many as 826 housing projects are running behind schedule by an average of 39 months, with Punjab having the maximum of the delayed projects followed by Telangana and West Bengal, an ASSOCHAM study has found.
Credit growth in exports, shipping, farm mark uptick in sentiment: ASSOCHAM
Mar 29, 2017, at 01:10 am
New Delhi, Mar 28 (IBNS): Export credit grew by a handsome 32 per cent in the current financial year , helped by a smart recovery in the global demand, also leading to an upturn in shipping, an ASSOCHAM Paper has said.
Mar 29, 2017, at 01:05 am
New Delhi, mar 28 (IBNS): Apex industry body ASSOCHAM on Tuesday urged the BJP-led Uttar Pradesh (UP) government to formulate a suitable strategy for unlocking the significant growth potential of dairy sector in the state through productivity enhancement, strengthening and expanding village level infrastructure for milk procurement and providing producers with greater access to markets.
Using digital technology to accelerate business growth: ASSOCHAM-Deloitte study
Mar 25, 2017, at 01:46 am
New Delhi, Mar 24 (IBNS): In India, adoption of advanced business digital technologies can lead to increase in revenues by up to 27%, increase in employment by up to 84% and enhanced access to international markets by up to 65% for small and medium business (SMBs), according to ASSOCHAM-Deloitte joint study.
Incentives to promote API Manufacturing; Need for IoT Platforms in Quality Control: study
Mar 25, 2017, at 01:12 am
New Delhi, Mar 24 (IBNS): Urgent need to foster “Make in India for India†in Active Pharmaceutical Ingredient (API )manufacturing to capitalize on the lost market share, reduce our dependency on China and establish self-sustainability, reveals the ASSOCHAM-Sathguru joint study.
Large imports of items like electronics run counter to Make in India, finds ASSOCHAM analysis
Mar 06, 2017, at 10:42 pm
New Delhi, Mar 6 (IBNS): For success of its flagship programme to boost manufacturing within the country, the government’s Make in India should first target high import intensive items like electronic goods, machinery, steel and transport equipment which together add close to USD nine billion or over 27 per cent of the country’s monthly import bill, according to an ASSOCHAM analysis.
All-India bank strike may impact transactions over Rs one lakh crore: ASSOCHAM
Feb 28, 2017, at 08:53 pm
New Delhi, Feb 28 (IBNS): Apex industry body ASSOCHAM has urged the state-owned bank unions to drop the day-long strike as it may impact banking transactions worth up to Rs 1.3 lakh crore including forex and paper clearing.
ASSOCHAM concerned over lukewarm response to year-old proposal for keeping shops open all 7 days
Feb 25, 2017, at 10:34 pm
New Delhi, Feb 25 (IBNS): Expressing concern over a lukewarm response on allowing small and medium scale shop-keepers to remain open for all seven days, the ASSOCHAM has impressed upon the Centre to ask the states to realise benefits of model Shops and Establishments Bill and adopt the same , for promoting retail trade which is the largest sector employer in the country.
SEBI member hails consensus on UPA and NDA economic policies
Feb 21, 2017, at 09:46 pm
Kolkata, Feb 21 (IBNS) There is a need to celebrate the broad consensus emerging as far as economic policies of previous UPA government and the current government are concerned, a top SEBI official said at an ASSOCHAM event held in Kolkata Tuesday.
New leadership team takes the helm at ASSOCHAM
Feb 15, 2017, at 12:07 am
New Delhi, Feb 14 (IBNS): A new team is at the helm of The Associated Chambers of Commerce and Industry of India (ASSOCHAM) as Sandeep Jajodia, chairman & managing director (CMD), Monnet Ispat & Energy Ltd.
UBI may be launch as a pilot says Finance Minister
Feb 10, 2017, at 09:41 pm
New Delhi, Feb 10 (IBNS): Extoling virtues of the Universal Basic Income, Finance Minister Arun Jaitley on Friday said at ASSOCHAM event at least one state is willing to take a plunge and launch a pilot on the scheme, proposed by the Economic Survey.
ASSOCHAM seeks fine prints of electoral bond scheme
Feb 08, 2017, at 01:59 am
New Delhi, Feb 7 (IBNS): ASSOCHAM on Tuesday said the fine prints of the electoral bond scheme for donations to the political parties by businesses and wealthy individuals should aim at maximising clean-up of the system and transparency in political funding.
ASSOCHAM seeks RBI nudge to banks for full transmission of interest cuts, post- note ban
Feb 05, 2017, at 11:09 pm
ew Delhi, Feb 5 (IBNS): As the Monetary Policy Committee of the Reserve Bank of India meets on February 7 and 8 for next bi-monthly credit policy, apex industry body ASSOCHAM has impressed upon the central bank and the Finance Ministry to ensure adequate transmission of cuts in the interest rates even as the industry would seek at least 50 -75 basis point reduction in the benchmark lending rates, post demonetization.
All efforts on for smooth handling of data for transition to GST: Member, CBEC
Feb 04, 2017, at 02:45 pm
New Delhi, Feb 4 (IBNS): With the goods and services tax (GST) on the anvil, all state governments are working very closely with central government and all efforts are on to put the elaborate information technology (IT) infrastructure in place for smooth handling of massive amount of data, a top CBEC (Central Board of Excise and Customs) official said at an ASSOCHAM event held in New Delhi on Friday.