The Associated Chambers of Commerce & Industry of India

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Press Releases

Mines Ministry to bring out proposed draft changes to Mineral Auction Rules, 2015 within August: Secretary

New Delhi, August 4, 2017: The Union Mines Ministry will bring out proposed draft changes to the Mineral Auction Rules, 2015 within August with a view to make mineral block auctions more effective thereby removing the small glitches highlighted by the bidders and industry associations at a meeting held last month, a top Ministry official said at an ASSOCHAM event held in New Delhi today.

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Friday, August 04, 2017

Banks may need 20% incremental provisioning for 50 large stressed assets: Study

New Delhi, August 3, 2017: Banks may require an incremental provisioning of 20 per cent against cumulative debt of 50 large stressed assets worth over Rs 4.3 lakh crore in construction, power, metals and other sectors that constitute about half of the gross non-performing assets of the banking sector, noted a recent joint study by ASSOCHAM-Crisil.

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Thursday, August 03, 2017

India is setting best practices in NTP 2018: Aruna Sundararajan

New Delhi, August 2, 2017: India is not just following but setting best practices in many areas in terms of New Telecom Policy 2018, Ms Aruna Sundararajan, chairperson, Telecom Commission and secretary, Department of Telecommunications said at an ASSOCHAM event held in New Delhi today.

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Wednesday, August 02, 2017

Firms must step up focus & spending on strengthening IT systems to thwart cyber attacks: Study

New Delhi, 1st August 2017: The focus and spending on information technology (IT) systems by business organisations in India needs to be complemented with similar efforts in operational technology (OT) and consumer technology (CT) systems to combat myriad cyber attacks, suggested a recent ASSOCHAM-PwC study.

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Tuesday, August 01, 2017

India’s solar capacity fell short of target of 17 GW by FY2017: study

New Delhi, July 31, 2017: India’s installed solar capacity fell short of target of 17 gigawatts (GW) by the end of FY2017, the country will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and 15+ GW per year to meet the 2022 target, noted a recent ASSOCHAM-NEC joint study.

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Monday, July 31, 2017

With inflation at 5 year low, RBI Monetary Policy Committee must cut interest rates: ASSOCHAM to Governor Patel

New Delhi, 29 July, 2017: Citing inflation at a five year low and deceleration in the factory output, the ASSOCHAM has written to the RBI Governor Dr Urjit Patel, making out a strong case for at least 25 basis point cut in the policy interest rate when the RBI Monetary Policy Committee meets on August 2.

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Sunday, July 30, 2017

Rise in tomato prices lead to high demand for puree/ketch up: ASSOCHAM

New Delhi, July 28, 2017: Rise in tomato prices to as much as Rs 100 per kg. due to crop damage following rains in the growing areas, has created an additional demand for alternatives like tomato puree/ketchup to the extent of 40-45 per cent in the recent few weeks, as the home makers are resorting to balance budgets in the face of no immediate relief in sight for the key ingredient for the Indian cuisine, an ASSOCHAM Paper has said.

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Friday, July 28, 2017

ISA to bring out a global tender for 5 lakh solar pumps before December: Upendra Tripathy, Director General, ISA

New Delhi, July 27, 2017: International Solar Alliance (ISA) plans to come out with a global tender for price discovery of 5 Lakhs solar pumps beore December and presumed prices will come down of the solar pumps, said Mr Upendra Tripathy, Director General, International Solar Alliance at an ASSOCHAM event held in New Delhi today.

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Thursday, July 27, 2017

GST-a real major incentive for making investments in SEZs: Commerce Ministry official

New Delhi, July 26, 2017: Though imposition of Minimum Alternative Tax (MAT) in 2011 slowed down growth of special economic zones (SEZs), but implementation of Goods and Service Tax (GST) provides wonderful opportunity for making investments in Indian SEZs, a top Commerce Ministry official said at an ASSOCHAM event held in New Delhi today.

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Wednesday, July 26, 2017

Allow all state-run vehicles to move on ethanol based clean fuel: ASSOCHAM plea to Yogi Adityanath

Lucknow, July 25, 2017: Apex industry body ASSOCHAM has urged the Uttar Pradesh chief minister, Yogi Adityanath to allow all state-run buses to move on from oil-based fuel (petrol, diesel) to alternative and environment-friendly fuel like ethanol.

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Tuesday, July 25, 2017

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