The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

RBI working towards simplifying registration process of new NBFCs: R. Gandhi, deputy governor

RBI concept note on P2P lending to be shortly put up on website for public comments In order to improve ease of doing business and make the process of registration of new non-banking finance companies smoother and hassle free, the Reserve Bank of India (RBI) is simplifying and rationalising the registration process, a top official said at an ASSOCHAM event held in Mumbai today.

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Monday, April 25, 2016

Banks` loss is NBFCs gain as risk aversion by govt lenders on rise: ASSOCHAM - PwC

With the public sector banks battling the mounting non-performing assets (NPAs) and losing their risk appetite, the non-banking finance companies (NBFCs) have a big growth opportunity knocking at their door, a joint ASSOCHAM-PwC paper stated

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Sunday, April 24, 2016

Government to boost MSMEs in defence sector to provide greater benefits: Kalraj Mishra

The Union Ministry of defence has ensured the participation of the Indian MSMEs (Micro, Small and Medium Enterprises) in defence sector for high technology products and services, Union MSME Minister, Mr Kalraj Mishra said at an ASSOCHAM event held in New Delhi today.

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Friday, April 22, 2016

India to sit on e-waste pile of 30 lakhs MT with Mumbai on top of heap: ASSOCHAM-Frost & Sullivan study

As reminder of a major health hazard and risk to environment on the eve of the 'World Earth Day', an ASSOCHAM-Frost & Sullivan study has said that India's electronic waste is likely to reach 30 lakh metric tonnes (MT) per year by 2018 from the present level of 18.5 lakh metric tonnes (MT) with Mumbai being the largest contributor to the problem.

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Thursday, April 21, 2016

India Inc turning optimistic about economy, corporate performance: ASSOCHAM Bizcon survey

An overwhelming large part of India Inc. is getting increasingly optimistic about performance of the economy in coming six months, leading to higher sales and profitability on the back of uptick in the company order-book and capacity utilization, according to a latest ASSOCHAM Bizcon Survey.

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Tuesday, April 19, 2016

UP has highest share in infra projects being carried out in PPP mode across India: Study

Govt. should set up an independent body for co-ordination & effective management of PPP projects Uttar Pradesh (UP) tops with highest share of about 15 per cent in the projects being carried out under public-private partnership (PPP) mode across India followed by Maharasthra (12 per cent), Gujarat (10 per cent), Karnataka (nine per cent) and Tamil Nadu (six per cent) amid top five states in this regard, noted a recent ASSOCHAM-SREI joint study.

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Monday, April 18, 2016

ASSOCHAM Reaction: WPI for March 2016

Apex industry body ASSOCHAM today said that though wholesale prices have been falling for more than 12 months, pulses that are within primary articles have shown upward price pressure continuously for the past six months, as such policymakers should check and address this issue through supply side responses.

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Monday, April 18, 2016

Stress assets of banks may notch upto Rs.10 lakh crore in Q4: ASSOCHAM

Given the slowdown in certain important sectors like steel, textiles, aluminium etc, and the ongoing Asset Quality Review (AQR), may push stressed assets of the banks to Rs 10 lakh crore mark in the fourth quarter of the current fiscal, reveals the ASSOCHAM latest study.

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Sunday, April 17, 2016

India is drying out leading to Latur like situation : ASSOCHAM-Skymet study

With prominent increase in the number of hot days and day and night temperatures , India is drying out marked by persistent moisture deficit conditions which are translating into Latur like water crisis, according to a latest study jointly taken by ASSOCHAM and Skymet Weather Services

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Friday, April 15, 2016

World Bank should increase financial commitment from 5% to at least 15% for renewable energy sector development in India: Secretary, MNRE

IR looking for international funding to harness renewable energy potential: Member (electrical), Railway Board The global financial institutions including the World Bank should provide a clear roadmap and increase their financial commitment from five per cent to at least 15 per cent as finance has been the biggest challenge in development of renewable energy sector in India owing to high cost of capital, a top New & Renewable Energy Ministry official said at an ASSOCHAM event held in New Delhi today.

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Thursday, April 14, 2016

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