The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Empower banks to cut losses and get rid of NPAs without 3C fear: ASSOCHAM

With a view to containing non-performing assets (NPAs) in banks, the government should empower the boards of the public sector banks to deal with the bad assets with the help of a special purpose vehicle which can lay broad guidelines for the lenders to take "haircuts" and cut the losses in the sectors in distress, without fear of 3Cs - CAG, Central Vigilance Commission and CBI, the ASSOCHAM has said.

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Thursday, June 09, 2016

Incentives like interest subvention & MEIS imperative to promote G&J exports: ASSOCHAM

Apex industry body ASSOCHAM today urged the government to extend incentives like interest subvention, Merchandise Exports from India Scheme (MEIS) and others to promote gems and jewellery (G&J) exports that have been marred by global slowdown thereby putting at risk livelihood of over 30 lakh people employed by the sector across India.

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Wednesday, June 08, 2016

Transmission of rates is the key for banks: ASSOCHAM

By choosing to retain the benchmark policy interest rate at 6.5 per cent, the RBI has not given any surprise to the industry since the central bank wants to wait and see the impact of Monsoon along with certain global factors such as rising commodity prices on inflation, ASSOCHAM President Mr Sunil Kanoria said.

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Tuesday, June 07, 2016

ASSOCHAM appeals to Haryana Govt for strict vigil on Jat agitation, industry wary of flare-up

In order to avert the repeat of carnage during the previous reservation agitation of February, 2016, the ASSOCHAM today made a strong plea with the Haryana Government along with the Central agencies to take effective pre-emptive steps to ensure that renewed Jat agitation does not disrupt normal life in the state and the neighbouring areas.

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Monday, June 06, 2016

India`s e-waste growing at 30% per annum: ASSOCHAM-cKinetics study

India is emerging as one of the world's major electronic waste generators and likely to generate 52 lakh metric tonnes (MT) per annum by 2020 from the current level 18 lakh metric tonnes growing at a compound annual growth rate (CAGR) of about 30%, an ASSOCHAM-cKinetics recent study coinciding with the “Environment Day” (June 5) noted.

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Friday, June 03, 2016

India loses to China, Singapore in cost competitiveness in auto sector: study

India loses out to China, Singapore, Indonesia and even to Bangladesh when it comes to achieving cost competitiveness in the automobile and automobile components industry in terms of major parameters including labour, fuel cost and price of raw material, an ASSOCHAM –Thought Arbitrage joint study has pointed out.

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Thursday, June 02, 2016

ASSOCHAM hails India growth story; time to make growth job –oriented, sustainable

Hailing India’s emergence as the fastest growing major economy in the world with the GDP expanding by 7.6 per cent, ASSOCHAM President Mr Sunil Kanoria today said it was time to build on the gains and bolster private investment which will be a big catalyst for job creation and achieving the ultimate objective of sustainable growth.

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Thursday, June 02, 2016

TN tops in green energy capacity addition; to reach 72 % of peak demand: study

In an election season, Tamil Nadu may be in the news of some populist schemes but the state has done a tremendous development when it comes to adding capacity of Renewable Energy (RE), which is projected to reach even 72 per cent of its peak demand by 2022, according a joint ASSOCHAM-Ernst & Young paper.

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Wednesday, June 01, 2016

Agri-Ministry licensing guidelines discourages research and innovation: ASSOCHAM

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) today expressed concern over recent actions by the Agriculture Ministry, notifying on May 18 a new framework for licences for agricultural biotechnology covering existing and future technologies and advocated review of the same.

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Tuesday, May 31, 2016

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