The Associated Chambers of Commerce & Industry of India

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Press Releases

Negotiations on with US over tariff imposed on steel imports: Minister

New Delhi, 14th September, 2018: The Government is holding negotiations with the US on 25 per cent import tariff imposed on steel, Union Steel Minister Chaudhary Birender Singh said at an ASSOCHAM event held in New Delhi today.

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Friday, September 14, 2018

Banks have to take haircuts of 40-60% to achieve moderate degree of safety: Study

New Delhi, 12th September, 2018: With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate degree of safety regarding timely servicing of financial obligations), noted a recent ASSOCHAM-Crisil joint study.

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Wednesday, September 12, 2018

Need to make IBC more effective, says official

Insolvency & Bankruptcy Code (IBC) has simplified a lot of things, but a lot more needs to be done, Ms. Vinita Srivastava, Joint Secretary who had directly dealt with bankruptcy procedure said at an ASSOCHAM Insolvency & Bankruptcy Code summit held in New Delhi today.

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Wednesday, September 12, 2018

Index of Industrial Production (IIP) for July 2018

New Delhi, 12 September 2018: Terming the latest estimates for Index of Industrial Production (IIP) as a positive sign towards the growth cycle of industrial activity in India, apex industry body ASSOCHAM today said that July 2018 IIP numbers state an optimistic outlook for the economy.

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Wednesday, September 12, 2018

Ayushman Bharat, other factors may help insurance industry grow to USD 280 bn by 2020: ASSOCHAM-APAS study

New Delhi, September 8, 2018: The Indian insurance industry is expected to grow to USD 280 billion by FY 2020 with the government’s flagship Ayushman Bharat – the National Health Protection Mission (AB-NHPM) and other growth drivers like rising disposable incomes, presence of global players and easing of the regulatory regime, helping penetration of the insurance culture in the country, according to an ASSOCHAM-APAS study.

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Sunday, September 09, 2018

NHIDCL might use geothermal energy for powering energy needs of Zojila tunnel: MD

New Delhi, 4th September, 2018: The National Highways and Infrastructure Development Corporation Limited (NHIDCL) which is executing Zojila Tunnel project in Jammu and Kashmir is thinking on lines of using geothermal energy for powering energy needs of tunnels as well as for heating them in winters, its managing director (MD), Mr Nagendra Nath Sinha said at an ASSOCHAM event held in New Delhi today.

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Tuesday, September 04, 2018

Communication, trade, financial services catch foreign investors’ fancy; attract over USD 20 bln FDI: ASSOCHAM

New Delhi, September 1, 2018: India's digital drive, riding on communication, IT and financial services has caught fancy of foreign investors, as reflected in over USD 20 billion Foreign Direct Investment (FDI) flowing in these sectors alone in the fiscal, 2017-18, claims an ASSOCHAM analysis.

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Sunday, September 02, 2018

IT Industry must work in tandem with govt. for a secure cyberspace: Dr Gulshan Rai

New Delhi, August 31, 2018: There is an urgent need to remove asymmetry to promote comprehensive and balanced growth in the cyber sector, National Cyber Security Coordinator, Dr Gulshan Rai said at an ASSOCHAM event held in New Delhi today.

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Friday, August 31, 2018

Job-oriented manufacturing, construction leading GDP growth is best part of data: ASSOCHAM President

New Delhi, August 31, 2018: The best part about an impressive GDP growth of 8.2 per cent for the first quarter of the current fiscal is that it is being led by employment-intensive manufacturing which expanded by 13.5 per cent .Same is true about the construction which again is job-generating sector and grew by 8.7 per cent, said ASSOCHAM President Mr. Sandeep Jajodia.

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Friday, August 31, 2018

Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM

New Delhi, August 25, 2018: It is not only crude oil which is exerting pressure on India's import bill and consequently on the current account deficit and the rupee, but a host of other non-oil items like coal, electronics, chemicals and leather and leather products, fruits and vegetables are witnessing rising imports and becoming a drag on the country's overall balance of trade situation , an ASSOCHAM analysis has noted.

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Sunday, August 26, 2018

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