The Associated Chambers of Commerce & Industry of India

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Press Releases

India to have 13.5% share in global smart market by 2019: ASSOCHAM-KPMG study

Thanks to digital revolution riding on the aggressively priced mobile data packages, India is expected to have a total number of 180 million smart phones by 2019 claiming 13.5 per cent of total global smart phone markets from 7.6 per cent at present, according to an ASSOCHAM-KPMG joint study.

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Monday, August 08, 2016

Standard GST rate should not exceed 20%; mass level services be in ‘Merit’ list: ASSOCHAM

A large section of India Inc would like the standard Goods and Services Tax (GST) rate to stay well below 20 per cent along with services of mass consumption being included in the ‘Merit’ list to ensure that prices of critical services like telecom, banking, healthcare, railways, do not lead to inflation, an ASSOCHAM internal assessment on the GST roadmap has noted.

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Sunday, August 07, 2016

U’khand emerges numero uno clocking highest growth in industry & services sectors across India: ASSOCHAM study

Uttarakhand has emerged on top by clocking highest compounded annual growth rate (CAGR) of 16.5 per cent and 12.3 per cent in industry and services sectors respectively during the decadal period between 2004-05 and 2014-15 among states across India and also much better than national average growth of about seven per cent, noted a just-concluded ASSOCHAM study.

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Friday, August 05, 2016

Online platform soon for SEZs to raise issues & concerns: Commerce Ministry official

The union government will soon roll out a web-based platform for special economic zones (SEZs) to raise their concerns and action taken may be provided by the concerned authority, a top Union Commerce Ministry official said at an ASSOCHAM event held in New Delhi today.

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Thursday, August 04, 2016

Govt. obtain return of 12% on equities than G-Secs: Secretary, Ministry of Labour and Employment

As on July 31, 2016, we got a return of over 12 percent on investments in equities as compared to 8 or 7.5 percent on government securities (G-Secs) within a year, said Shankar Aggarwal, Secretary, Ministry of Labour and Employment at an ASSOCHAM event held in New Delhi today.

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Wednesday, August 03, 2016

Rains lead to increase in vegetable prices by 40%: ASSOCHAM

Prices of vegetables such as lady fingers, cabbage, beans, brinjal, bitter gourd have increased by 35-40% over a month as heavy rains in several parts of the country have hit the supply line to Delhi-NCR, according to an ASSOCHAM paper.

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Tuesday, August 02, 2016

Industry expects uptick by December, says ASSOCHAM Bizcon Survey

India Inc expects better days ahead six months from now in terms of growth in sales, profitability in sync with an uptick in the big macro picture, though fresh investment by the private sector is still far off thanks to continuous under-utilisation of capacities, the latest round of ASSOCHAM Bizcon Survey has pointed out.

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Sunday, July 31, 2016

Time to scale up cyber security preparedness to meet emerging threats: Deputy Governor, RBI

Banks need to put in place preventive measures such as appropriate controls framework around the systems, reconciliation of transactions in on real / near real time basis, controls over the message creation and transmission, applying timely security patches to the interfaces, if any, close monitoring of transactions and disabling USB, and Internet access on the connected nodes, said Mr R Gandhi, Deputy Governor RBI at an ASSOCHAM event held in New Delhi today.

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Friday, July 29, 2016

Internet is not confined to boundary: Kiren Rijiju

He stressed upon the important aspect of cyber security cooperation. Mr. Rijiju said "Yesterday we had a long discussion with team of Bangladesh led by their home minister and the entire team of their security experts and forces. So, again we have stressed that we really need to work closely to deal with this cyber security problems."

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Friday, July 29, 2016

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