The Associated Chambers of Commerce & Industry of India

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Press Releases

Regulators, corporates cannot escape public scrutiny: SEBI chief

As a strong votary of transparency in corporate India, Chairman of the Securities and Exchange Board of India (SEBI) Mr U K Sinha today said at an ASSOCHAM event regulators too "cannot escape the scrutiny of their working " as they are, in several cases, empowered as "mini states" with vast powers.

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Friday, October 07, 2016

Reserve Bank expecting only first cut reporting from banks vis-à-vis proforma Ind AS statement by Nov 30: ED, RBI

The Reserve Bank of India (RBI) is expecting a rough, first cut reporting from banks vis-à-vis proforma Ind AS (Indian Accounting Standards) financial statements for the half year ending September by November 30 to ascertain the difficulties and problems faced by banks as part of transition to International Financial Reporting Standards from April 2018, a top RBI official said at an ASSOCHAM event held in New Delhi today.

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Friday, October 07, 2016

Stringent law on misleading celeb endorsements: Ram Vilas Paswan

For stricter law on celebrities endorsing misleading advertisements, a proposal to ban is being considered by consumer affairs Ministry, said Ram Vilas Paswan minister for Consumer Affairs at an ASSOCHAM event held in New Delhi today.

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Thursday, October 06, 2016

Festive mood uplift: Medium term outlook for Indian FMCG bright; to reach $ 104 bln by 2020: study

In the midst of ringing cash registers on the back of festive sale, an ASSOCHAM-TechSci Research report has projected more than doubling of India's market for the fast moving consumer goods to $104 billion by 2020 from the present level of $49 billion, growing at an impressive compounded annual growth rate of 20.6 per cent.

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Wednesday, October 05, 2016

Need to link Cross Subsidy Charges to avoid states losses: ASSOCHAM

To reduce states discoms burgeoning losses, the Industry body ASSOCHAM has suggested linking of Cross Subsidy Charges (CSS) with aggregate technical and commercial (AT&C) losses faced by them.

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Wednesday, October 05, 2016

9 mineral blocks to be put up for auction soon: Secretary, Mines

A total of 9 mineral blocks put on auction including two from Karnataka iron ore plots with excellent response upto 100% bidding over reserve price, Secretary, Ministry of Mines, Mr Balvinder Kumar said at an ASSOCHAM event held in New Delhi today.

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Tuesday, October 04, 2016

Informal trade or smuggling rampant in India-Pak trade: ASSOCHAM Paper

Informal trade or putting it bluntly, smuggling of goods, between India and Pakistan is estimated at over USD five billion, almost double the official two-way commerce between the two neighbours with history of chequered ties, an ASSOCHAM study has pointed out.

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Sunday, October 02, 2016

Online shopping may clock sales worth up to Rs 25K crore: ASSOCHAM

The upcoming festive season, beginning October 1 is likely to register record-breaking sales, revenues, and highest ever purchase rate per minute for e-commerce giants as most people deferred their purchasing plans during the fortnight of pitru paksha and are now ready to loosen purse strings, an ASSOCHAM survey-cum-analysis has noted.

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Friday, September 30, 2016

Surgical Strikes haven’t affected gold prices in India: Dr M. Veerappa Moily

Chairman, Parliamentary Standing Committee on Finance, Dr M. Veerappa Moily said today India Surgical Strikes on Pakistan have not affected gold prices in India at an ASSOCHAM event held in New Delhi today.

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Thursday, September 29, 2016

MoU with World Bank for investing Rs 2,200 crore to set up training centres for MSMEs across India: Haribhai Parthibhai Chaudhury

The union Ministry for Micro, Small and Medium Enterprises (MSMEs) has signed a Memorandum of Understanding (MoU) with the World Bank for investing Rs 2,200 crore to set up training centres for MSME sector across India by 2017, Minister of State for MSME, Mr Haribhai Parthibhai Chaudhury said at an ASSOCHAM event held in New Delhi today.

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Thursday, September 29, 2016

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