The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Less cash economy to help India leap frog to levels of developed world in doing business: ASSOCHAM President

Prime Minister Mr Narendra Modi’s bold drive to take the economy into a ‘less cash’ mode through a multi-pronged strategy would not only check the menace of black money and corruption but would also lead to a large part of the informal economy into the organised sector , said ASSOCHAM President Mr Sunil Kanoria.

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Friday, December 09, 2016

CEM legislation to come soon: Secretary, Department of Heavy industries

Construction Equipment Manufacturing (CEM) legislation to come soon stated Girish Shankar, Secretary, Department of Heavy Industry, the bill will concern regulations for construction equipment which are not wheeled and use of spurious parts, which though cheap, is detrimental to the equipment said at an ASSOCHAM event held in New Delhi today.

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Wednesday, December 07, 2016

MSME ministry suggest withdrawal limit to 2 lakh for micro units: Haribhai Parathibhai Chaudhary, MoS for MSME

Ministry for Micro Small and Medium Enterprises (MSME) will suggest for increasing the withdrawal limit to 2 lakh per week for MSME sector said, Mr Haribhai Parathibhai Chaudhary, Minister of State for MSME, GoI at an ASSOCHAM event held in New Delhi today.

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Tuesday, December 06, 2016

India’s Internet population likely to touch 600 million by 2020: study

With increased 4G and 3G penetration, the Internet user base in India is rapidly expanding and has reached a penetration of over 27% versus 50.3% penetration in China and expected to double to 600 million users by 2020 from 343 million users currently, according to an ASSOCHAM- Deloitte joint study.

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Monday, December 05, 2016

Jack up Govt expenditure to make up for loss in private consumption due to demonetisation: ASSOCHAM

As the private consumption would be taking a significant hit on account of cash crunch in the economy at least in the next two quarters, the government should make all efforts to at least partly limit the impact of demonetization on the GDP by sharply jacking up its own expenditure during the fiscal 2016-17, the ASSOCHAM has said.

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Sunday, December 04, 2016

Promote separate hill farming policy: ASSOCHAM plea to U’khand govt.

Uttarakhand needs to promote a separate hill farming policy as the state has a meagre 14 per cent net sown area, more so as 3/5th of the state’s total working population is engaged in agriculture, noted a recent ASSOCHAM-RNCOS joint study.

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Thursday, December 01, 2016

NPAs, less debt appetite road blocks for bank lending despite deposit pile-up on demonetisation

Despite banks filled with huge deposits following demonetization, a very high level of non-performing assets and reducing appetite for more loans from the over-leveraged industry would come in the way of increased bank lending despite bond yields falling even below the policy interest rates, an ASSOCHAM-CARE rating joint study has said.

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Thursday, December 01, 2016

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