The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

ASSOCHAM seeks higher outlay for education in Budget

New Delhi, January 17, 2018: Seeking enhanced outlay for education in the coming Budget, the ASSOCHAM has sent a communication to the Finance Minister Mr Arun Jaitley, also making out a case for relief to higher education under Goods and Services Tax (GST).

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Wednesday, January 17, 2018

Union Budget 2018-19: ASSOCHAM seeks 10% customs duty on pulp imports

New Delhi, 16th January 2018: Apex industry body ASSOCHAM has urged the Centre to impose 10 per cent customs duty on import of hardwood chemical pulp and bleached chemi-thermo mechanical pulp (BCTMP) to encourage domestic pulp production, provide fillip to job creation and promote overall economic development of India’s vast rural hinterland housing pulpwood plantations.

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Tuesday, January 16, 2018

Corporate Wellness can save India Inc revenue to US$ 20 bln: ASSOCHAM

New Delhi, January 15, 2018: Adoption of Corporate wellness program can save India Inc. income up to US$ 20 billion by 2018 through a reduction in absenteeism rate by 1.00 percent and at the same time improve chronic and lifestyle diseases of corporates and employees, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM) latest paper.

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Monday, January 15, 2018

Stocks may witness global, domestic headwinds in 2018: ASSOCHAM study

New Delhi, January 13, 2018: The year 2017 may have gone as the golden period for Indian stock market, in sync with the major economies of the world, global headwinds like tightening of monetary stance by major central banks and increasing crude oil prices , coupled with domestic concerns like firming inflation could halt the underlying bull run in 2018 and bring in lot more volatility going forward, an ASSOCHAM Paper has indicated.

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Sunday, January 14, 2018

Urgent need to devise policy framework to address export finance issues: Commerce secretary

Mumbai, 12th January 2018: Expressing concerns over India’s institutional frameworks currently not being geared to recognise risks of overseas markets, Commerce Secretary, Ms Rita A. Teaotia today said that there is a pressing need for India to devise the kind of policy framework needed to address issues of finance to exports.

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Friday, January 12, 2018

Government examining various aspects of virtual currencies: Mr Anadee Nath Mishra, additional secretary

New Delhi, January 11, 2018: The committee appointed by the government last year to examine issues related to cryptocurrency has submitted its report and examining pros and cons including launching of its own crypto currency, said a top legal affair ministry official said at an ASSOCHAM event held in New Delhi today.

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Thursday, January 11, 2018

Abolish Income Tax, raise banks’ rates to 9%, says Dr Subramanian Swamy at ASSOCHAM meet

New Delhi, January 10, 2018: Domestic savings and not foreign investment can take Indian economy on a 10 per cent growth path, for which Income Tax must be abolished and interest rates on Fixed Deposits be raised to nine per cent along with the reduction in the banks' Prime Lending Rates (PLR), senior BJP leader and Member of Parliament (MP), Dr Subramanian Swamy said at an ASSOCHAM function in New Delhi today.

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Wednesday, January 10, 2018

Delhi-NCR will generate 1,50,000 MT e-waste by 2020: ASSOCHAM study

New Delhi, January 9, 2018: Delhi-National Capital Region (NCR) is likely to generate about 1,50,000 metric tonnes (MT) of e-waste per annum by 2020 from the current level of 85,000 metric tonnes growing at compound annual growth rate (CAGR) of about 25%, reveals ASSOCHAM Council on Climate Change & Environment latest findings.

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Tuesday, January 09, 2018

All is not lost in stressed power projects, Railways, PPAs, electric vehicles to be growth drivers: ASSOCHAM study

New Delhi, January 8, 2018: As many as 24 power projects with 41.81 GW capacity may be under a severe financial stress, but the troubled sector still holds hope in growth drivers including higher demand from the Railways, proposed law to enforce power purchase agreements (PPAs) on the discoms, increasing focus on electric vehicles and reaching electricity to all un-electrified villages, an ASSOCHAM study has noted.

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Monday, January 08, 2018

Indian NBFCs must adopt new tech-based biz models to attract PE funding: ASSOCHAM-PwC Study

New Delhi, January 6, 2018: With banks tightening their purse strings owing to increasing bad loans, Indian non-banking financial companies (NBFCs) are growing their market share, however a recent ASSOCHAM-PwC joint study has stated that NBFCs will have to keep pace with new technologies and changing customer aspirations to attract timely PE (private equity) investments.

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Sunday, January 07, 2018

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