The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Govt. focussed on harnessing strengths of ancient & traditional medicinal practices to get more export value: Y.S. Chowdary

The government is focussed upon harnessing the strength of India’s ancient medicinal practices based on traditional health systems to get more and more export value, union minister of state for Science and Technology. Mr Y.S. Chowdary said at an ASSOCHAM event held in New Delhi today.

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Tuesday, July 05, 2016

ASSOCHAM approaches PMO, proposing National Data Bank

Proposing to break wall between the government and private organisations, the ASSOCHAM has written to the Prime Minister’s Office (PMO) and the National Security Advisor offering to set up a national data bank from billions and trillions of e-transactions and exchange of information, to be used for the common citizens as also for the country’s strategic needs.

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Monday, July 04, 2016

Avg. salary in gems & jewellery sector lowest across manufacturing sector: Study

The average salary in Indian gems and jewellery industry at Rs 2.52 lakh per annum is lower than other manufacturing industries that are becoming more lucrative for young workers – pharmaceuticals (Rs 5.09 lakh), capital goods (Rs 4.94 lakh), electronics (Rs 4.43 lakh), chemical (Rs 3.97 lakh), automotive (Rs 3.77 lakh), construction material (Rs 2.88 lakh), metal and metal products (Rs 2.54 lakh), noted an ASSOCHAM-Thought Arbitrage joint study.

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Sunday, July 03, 2016

Reserve Bank of India should be audited: Shashi Kant Sharma, CAG

There is a need to consider financial regulator like the Reserve Bank of India (RBI) to be audited, said Comptroller and Auditor General of India (CAG) Mr Shashi Kant Sharma said at an ASSOCHAM event in New Delhi today.

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Friday, July 01, 2016

Banks may have to take 40-70 % hair cuts in 240 firms: ASSOCHAM-Ind-Ra Study

Lenders would need to take hair cuts or cut their losses between 40 and 70 per cent in at least 240 companies which are under heavy debt mostly in steel, construction, power, textiles and infrastructure, an ASSOCHAM-India Ratings and Research (Ind-Ra) joint study has pointed out.

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Thursday, June 30, 2016

Growing e-commerce to invest $8 billion in infra, logistics: study

With the growing popularity of online shopping which is expected to catapult the e-commerce market to $80 billion by 2020 in India, the online companies are expected to invest close to $6-8 billion in logistics, infrastructure and warehousing in the next few years, an ASSOCHAM-PwC study has said.

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Wednesday, June 29, 2016

More risks from Brexit than perceived; ASSOCHAM seeks Monitoring Group; early announcement on Rajan’s successor

The risks to global economy and its spin off to India from Brexit are emerging out to be much larger than initially perceived, making it imperative for the Indian government to heighten the watch on the unfolding political-economic scenario in Europe , by setting up a high level monitoring group comprising inter-ministerial and agency representatives, the ASSOCHAM said today.

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Tuesday, June 28, 2016

More jobs & entrepreneurship opportunities needed to promote women empowerment & achieve gender parity: Study

There is an urgent need to create more jobs and entrepreneurship opportunities to promote women empowerment thereby making them economically independent as female labour force participation (FLFP) rate in India has fallen significantly by 10 per cent during the last decade, noted a recent ASSOCHAM-Thought Arbitrage Research study.

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Sunday, June 26, 2016

Brexit fall-out: India must build firewalls by domestic reforms, says ASSOCHAM

Britain's exit from the European Union (EU), as decided by its people, has come about as a shocker not only for global financial markets but also the political leaders across the world, throwing a huge amount of uncertainty as to which way the economic winds would blow, ASSOCHAM Secretary General Mr D S Rawat said.

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Friday, June 24, 2016

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