The Associated Chambers of Commerce & Industry of India

"The Knowledge Chamber: Serving the Nation since 1920"

Press Releases

Mumbai work force deserves a better deal; mega city to lose sheen among investors: ASSOCHAM

Mumbai, August 30, 2017: Complimenting resilience shown by Mumbaikars in battling heavy rains on August 29, the ASSOCHAM today said the mega city would lose its sheen among the large domestic and global investors, as it is ill-equipped to face such eventualities.

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Wednesday, August 30, 2017

India may see low plant load factor at about 62% until 2018-19: Study

New Delhi, August 29, 2017: India’s energy sector is facing low capacity utilisation in power generation as plant load factor (PLF) is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil joint study.

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Tuesday, August 29, 2017

Aadhaar based DBT results in over Rs 83,000 cr disbursals; SC ruling on privacy leaves scope for biometric usage in social schemes: ASSOCHAM

New Delhi, August 26, 2017: Amidst the debate on possible fall-outs of the Supreme Court judgement pronouncing privacy as fundamental right, on Aadhaar related government schemes, an ASSOCHAM–Thought Arbitrage Report Card of three years of the Narendra Modi Government has noted that the biometric cards have facilitated as much as Rs 83,184 crore to beneficiaries of the Direct Benefit Transfer (DBT) schemes, without the notorious leakages of the past.

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Sunday, August 27, 2017

Indian mobile services market to touch US$ 103.9 bln by 2020: study

New Delhi, 25 August, 2017: Indian mobile services market is expected to reach $37 billion in 2017, growing at 10.3 per cent year-on-year to cross US$ 103.9 billion by 2020, according to an ASSOCHAM-Resurgent India joint study.

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Friday, August 25, 2017

Had warned Centre that GSTN won’t be able to take this much load: Dr Amit Mitra

Kolkata, August 24, 2017: Addressing an ASSOCHAM interactive session, West Bengal finance minister, Dr Amit Mitra today said that he had told the Centre to postpone July 1st launch of Goods and Services Tax (GST) and had sought a whitepaper on preparedness which was not provided to the GST Council.

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Thursday, August 24, 2017

Realty, power, telecom, infra in troubled zone with vulnerable debts worth Rs 5 lakh crore: ASSOCHAM managing committee

Kolkata 24 August, 2017: The managing committee of apex industry body ASSOCHAM today noted with concern that real estate, power, telecommunication and infrastructure are among the most troubled sectors of the Indian economy, leaving a potential for vulnerable debts to the extent of Rs five lakh crore.

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Thursday, August 24, 2017

Govt. to eradicate black money, reduce litigations and tax certainty: Chairman CBDT

New Delhi, 23 August, 2017: The chairman of the Central Board of Direct Taxes (CBDT) Sushil Chandra said, the government main aim is to eradicate black money, lesser litigations and bring certainty in tax laws, said at an ASSOCHAM event held in New Delhi today.

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Wednesday, August 23, 2017

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

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