The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

ASSOCHAM seeks review of GST rates for specific agriculture inputs

New Delhi, July 12, 2017: Apex industry body ASSOCHAM has urged the union government to review GST (Goods and Services Tax) rates for select agriculture inputs viz., bio fertilizers, bio pesticides/bio control agents (BCA), organic manures/vermicompost/farmyard manure (FYM) and others.

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Wednesday, July 12, 2017

To be an IAS officer remains among preferred choices for youth: ASSOCHAM survey

New Delhi, 11 July 2017: To be a civil servant, more specifically, the Indian Administrative Service (IAS) officer, remains among the top most preferred choices for the youth, as is evident from a sharp rise in the number of the applicants for the coveted positions, an ASSOCHAM Paper has noted.

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Tuesday, July 11, 2017

Dismantling check posts, post- GST save 24-36 hrs trucking time on trunk routes: ASSOCHAM

New Delhi, 10 July 2017: Notwithstanding some teething troubles, the GST is saving trucking time on trunk routes, connecting top cities, between 24-36 hours besides saving the fleet owners Rs 5,000 -7,500 per trip by way of corruption at the octroi and sales tax/VAT check posts which have since been dismantled by most of the states, an ASSOCHAM quick check has noted.

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Monday, July 10, 2017

GST to boost MSMEs’ competitiveness, says study

New Delhi, 8 July, 2017: The Goods and Services Tax (GST) would boost the competitiveness of micro, small and medium enterprises (MSMEs), noted a recent joint study by ASSOCHAM- Ashvin Parekh Advisory Services (APAS).

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Sunday, July 09, 2017

Labour ministry likely to amalgamate and simplify 4 labour course : Bandaru Dattatreya

New Delhi 6 July, 2017: Union Labour and Employment Minister Mr. Bandaru Dattatreya today said, out of 44 labour laws, we are going to amalgamate, simplify and rationalise into four labour course at an ASSOCHAM event held in New Delhi today.

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Thursday, July 06, 2017

FSSAI addressing industry’s concerns over notified standards for food supplements & nutraceuticals: CEO

New Delhi, July 6, 2017: The Food Safety and Standards Authority of India (FSSAI) is in the process of addressing concerns raised by the industry on new standards for eight categories of products, including health supplements and nutraceuticals notified last year, its CEO (chief executive officer), Mr Pawan Agarwal said at an ASSOCHAM event held in New Delhi today.

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Thursday, July 06, 2017

Industry alone to add USD 280 billion to GDP from GST in 8-9 years: ASSOCHAM

New Delhi, 5 July 2017: Industry alone is expected to contribute USD 280 billion to India’s Gross Domestic Product (GDP) in the next 8-9 years, as a positive fall out of the Goods and Services Tax as structural changes in the ease of doing business would propel the growth, an ASSOCHAM-APAS study has said.

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Wednesday, July 05, 2017

India spends miniscule amount on cyber security: ASSOCHAM-PwC study

New Delhi, 4 July 2017: Despite the growing threat, India’s budgetary allocation towards cyber security was about Rs 42.2 crore in 2012-13, up 19 per cent from Rs 35.45 crore in 2010-11 whereas US spend $658 million through department of homeland security and $93 million through US-CERT in 2013, according to the joint study brought out by ASSOCHAM and PwC.

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Tuesday, July 04, 2017

GST to bring cheer for domestic electronic components’ manufacturers: Study

New Delhi, July 3, 2017: Implementation of goods and services tax (GST) will bring innumerable benefits for domestic manufacturers of electronic components as cost of manufacturing will be significantly brought down, noted a recent ASSOCHAM-NEC joint study.

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Monday, July 03, 2017

Record inflation augurs perfectly well for GST launch: ASSOCHAM

New Delhi, 1 July, 2017: With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.

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Sunday, July 02, 2017

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