The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

ASSOCHAM collaborates with Tally Solutions to simplify GST for the Retail Community

Delhi, 28 Nov, Monday: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Tally Solutions Pvt. Ltd., the premier Indian software product company, today, signed a Memorandum of Understanding (MoU) to demystify, educate and train the retail community for the roll out of the Goods and Services Tax (GST) law in India. The MoU was signed between Mr. D.S Rawat, Secretary General of ASSOCHAM and Mr. Sathya Pramod, Chief Financial Officer of Tally Solutions Private Limited.

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Monday, November 28, 2016

ASSOCHAM urges Govt to ease cash limits for logistic fleet operators

As India Inc supports Prime Minister Mr Narendra Modi's battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need hard cash for meeting expenses for crew members including truck drivers and cleaners.

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Sunday, November 27, 2016

Indian luxury sector may touch $18.5 bn this year; need to create own luxury brands: Amitabh Kant

The luxury market in India is likely to touch $18.5 billion (bn) in 2016 as against $14.7 bn last year and will clock a compounded annual growth rate (CAGR) of 25 per cent, chief executive officer (CEO) of NITI Aayog (National Institution for Transforming India), Mr Amitabh Kant said at an ASSOCHAM event held in New Delhi today.

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Friday, November 25, 2016

Farm produce worth Rs 3.8K crore traded through e-NAM till 16 November: Radha Mohan Singh

Farm produce worth Rs 3,841 crore has been traded through electronic-National Agriculture Market (e-NAM) till 16 November in 250 wholesale markets connected to this platform, Union Agriculture and Farmers Welfare Minister, Mr Radha Mohan Singh said at an ASSOCHAM event held in New Delhi today.

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Thursday, November 24, 2016

India Inc. must formulate strong anti-fraud programme to reduce risk on account of corporate fraud: ASSOCHAM-Grant Thornton study

Companies across India must implement an anti-fraud framework to mitigate the risks evolving from illegal activities as pressure of uncertain markets, escalating input costs, high labour turnover, advent of technology and others provide significant opportunity and incentives for fraudsters to commit financial frauds, noted an ASSOCHAM-Grant Thornton joint study.

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Wednesday, November 23, 2016

M-wallet/digital payment cos. must win customers’ trust for widespread adoption, says study

With a view to win customers’ trust, companies operating in the mobile-wallet sector should take measures like providing effective, completely secure, private and reliable services, 3-D or OTP (one time password) security options, data back-up system and others to spread awareness among people, suggested an ASSOCHAM-RNCOS joint study.

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Tuesday, November 22, 2016

Insolvency and Bankruptcy Code may help unlock NPAs worth Rs 25K crore over next 5 yrs: ASSOCHAM-Crisil study

Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs 25,000 crore capital currently locked up in non-performing assets (NPAs) over next 4-5 years, noted a recent ASSOCHAM-Crisil joint study.

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Monday, November 21, 2016

Cash crunch fall-out: Non-bank payment players to witness huge growth, says ASSOCHAM Paper

One of the immediate fall outs of the demonitisation of high value notes would be a mushrooming growth in the number of non-bank players like Paytm and Free charge into the payment business, as more and more retailers in the goods and service value chain would be compelled to shift to non-cash modes for customer transactions, an ASSOCHAM Paper has said.

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Sunday, November 20, 2016

Deploy more mobile ATMs in areas with large no. of workforce: Bandaru Dattatreya to FinMin

The Union Labour Ministry has requested the Finance Ministry for deploying more mobile automated teller machines (ATMs) in areas like construction sites and others where there is workforce in large numbers, Minister of State (I/C) for Labour and Employment, Mr Bandaru Dattatreya said at an ASSOCHAM event held in New Delhi today.

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Friday, November 18, 2016

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