The Associated Chambers of Commerce & Industry of India

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Press Releases

RBI mulling over Ombudsman for NBFCs: Dy. Governor, RBI Vishwanathan

New Delhi, 23 August, 2017: The Reserve Bank of India (RBI) is considering an 'Ombudsman' scheme for redressal of customer grievances with the non-banking finance companies even as the central bank is not in favour of the NBFCs taking deposits from public, said RBI Governor Mr N S Vishwanathan at an ASSOCHAM event today.

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Wednesday, August 23, 2017

Nepal Prime Minister invites Indian companies for bilateral ties

New Delhi, 23 August, 2017: Prime Minister of the Federal Democratic Republic of Nepal, Rt. Hon’ble Mr Sher Bahadur Deuba on Wednesday said that there exists a strong convergence of views among Nepal’s major political parties that the country is poised to stand at a critical economic juncture at a business meeting organized by ASSOCHAM jointly with CII and FICCI.

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Wednesday, August 23, 2017

Centre to link all police stations, judiciary & enforcement agencies with CCTNS: Kiren Rijiju

New Delhi, August 22, 2017: The Central Government will link all police stations across India and further integrate all the data with courts, judiciary officers and enforcement agencies under the Crime and Criminal Tracking Networks and Systems (CCTNS) to combat security breaches that tend to break confidence of industry, trade and commerce, Union Minister, Mr Kiren Rijiju said at an ASSOCHAM event held in New Delhi today.

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Tuesday, August 22, 2017

Industry 4.0: Innovative towards smart manufacturing: Secretary, Heavy Industries

New Delhi, August 22, 2017: The department of heavy Industries have approved four chlorofluorocarbons (CFCs) on industries 4.0 by the end of this month, said Mr Girish Shankar, Secretary (HI), Department of Heavy Industries said at an ASSOCHAM event held in New Delhi today.

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Tuesday, August 22, 2017

Have requested FM to think in terms of reducing GST rate for automobile sector: Anant Geete

New Delhi, August 22, 2017: Union Minister for Heavy Industries, Mr Anant Geete has strongly recommended the Union Finance Minister for reduction in GST (Goods and Services Tax) rates for automobile sector to promote its growth and maintain tempo of job growth, he said at an ASSOCHAM event held in New Delhi today.

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Tuesday, August 22, 2017

Telecom sector bat for lower financial charges: ASSOCHAM-KPMG study

New Delhi, August 21, 2017: The financial stress on the telecom sector can be reduced to a great extent by considering a reduction in spectrum usage charges as well as license fees, according to an ASSOCHAM-KPMG joint study.

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Monday, August 21, 2017

Give a carve-out to home buyers, treat them at par with banks in realty projects: ASSOCHAM

New Delhi, August 19, 2017: ASSOCHAM today impressed upon the government, National Company Law Tribunal (NCLT) and the Insolvency and Bankruptcy Board of India to treat home buyers in real estate projects at par, if not above banks in the pecking order, by providing a separate carve-out for those stuck in the incomplete construction, and any legal hurdle should be immediately removed, by a Presidential Ordinance, if need be.

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Sunday, August 20, 2017

Youth in large nos. approaching govt. to set up startups in north-eastern states: Dr Jitendra Singh

New Delhi, August 18, 2017: More number of youngsters from across India are approaching the union government to set up startups in north-eastern states under the ‘Startup India, Standup India,’ programme, union minister Dr Jitendra Singh said at an ASSOCHAM event held in New Delhi today.

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Friday, August 18, 2017

Telecommunications sector to generate 30 lakh jobs by 2018: ASSOCHAM-KPMG

New Delhi, August 17, 2017: Roll out of 4G technology with an increase in data, entry of new players in the market, introduction of digital wallets, popularity of smart phone leading to consistent increase in demand for technology and other developments in the telecom sector likely to increase job opportunities by 30 lakhs by 2018, according to an ASSOCHAM-KPMG joint study.

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Thursday, August 17, 2017

Startups must develop stronger & sustainable biz plans to continue receiving PE/VC funding: Study

New Delhi, August 16, 2017: Developing stronger and sustainable business plans will help startups in receiving PE/VC (private equity/venture capital) funding, suggested a recent ASSOCHAM-Hammurabi & Solomon joint study.

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Wednesday, August 16, 2017

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