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Modi visit to US to take India-America ties to new scale; India Inc                                                                                            Over Rs 1,000 cr damage to Kashmir apple in floods: ASSOCHAM                                                                                            Norms for REITs to be notified soon: ED, SEBI                                                                                            Government is planning to rope in more states in Buddhist Circuit: Tourism Minister, Shripad Naik                                                                                            
Report on Mobile Value Added Services (MVAS)
Report on Mobile Value Added Services (MVAS)

Press Releases

Modi visit to US to take India-America ties to new scale; India Inc
Sunday, September 21, 2014

India Inc is very optimistic about the ensuing visit of Prime Minister Narendra Modi with an impressive 77 per cent of corporate heads and senior management expecting tangible results from the much-awaited PM’s meetings with President Barack Obama taking the India- US economic engagement to a further scale from a sizeable level of about USD 150 billion a year, an ASSOCHAM survey has said. more...

Over Rs 1,000 cr damage to Kashmir apple in floods: ASSOCHAM
Saturday, September 20, 2014

Floods have washed out Kashmir apple's crop worth Rs 1,000 crore leaving a devastating impact on growers and the collateral damage for the consumers in rest of the country who should be prepared to pay high prices in the coming festival and rest of the winter season, an ASSOCHAM assessment of the state pointed out. more...

Norms for REITs to be notified soon: ED, SEBI
Friday, September 19, 2014

BSE to have 100 cos. listed on its SME platform by end of December: Ashish Kr. Chauhan The Securities Exchange Board of India (SEBI) is in the final stages of drafting guidelines for real estate investment trusts (REITs) in India and it will be notified very shortly, a top SEBI official said at an ASSOCHAM event held in New Delhi today. more...

Government is planning to rope in more states in Buddhist Circuit: Tourism Minister, Shripad Naik
Thursday, September 18, 2014

Odisha has strong case to be included in Buddhist Circuit: Tourism Minister, Odisha Govt. With a view to promote Buddhist tourism in India, Union Ministry of Tourism is planning to rope in more states to be integrated in the Buddhist Circuit apart from Bihar and Uttar Pradesh (UP), Minister of State (Independent Charge) for Tourism and Culture, Mr Shripad Naik said at an ASSOCHAM event held in New Delhi today. more...

Maruti voting by minority shareholders in Gujarat plant likely in November: Chairman, Maruti Suzuki India
Thursday, September 18, 2014

Chairman, Maruti Suzuki India Ltd, Mr R.C. Bhargava today said at an ASSOCHAM meeting about voting by minority shareholders in Gujarat plant will take place in November instead of October. Addressing the interactive session on “Asia Monozukuri Conference 2014” organized by ASSOCHAM here, Mr. Bhargava clarified about the minority shareholders vote on Gujarat plant, he said, “we have not finalized as of now. October will not be possible because time is not adequate for that. The earliest it can happen is in November”. more...

DMRC will reply to NGT on groundwater extraction near Lal Quila: DMRC chief, Mangu Singh India loses 1% GDP in natural disasters: Head/Scientist, Department of Science & Technology
Wednesday, September 17, 2014

The Delhi Metro Rail Corporation (DMRC) will reply to the National Green Tribunal (NGT) on the issue of damage caused to water bodies near Lal Quila area due to extraction of groundwater during construction of an underground station, managing director of DMRC, Mr Mangu Singh said at an ASSOCHAM event held in New Delhi today. more...

Import duty on feedstock for petrochemicals be fixed at zero rate to boost domestic value addition: Study
Tuesday, September 16, 2014

India's trade imbalance with GCC to deteriorate with tariff elimination on petrochemicals under proposed FTA There is an urgent need to fix import duty on feedstock for petrochemicals including naphtha, natural gas liquids (NGL), propane and butane at zero rate to make investments in this sector financially viable and encourage domestic value addition as currently all these feedstock have higher duty resulting in nil to negative protection to the sector, according to an ASSOCHAM study. more...

No proposal yet on Modi–Sharif meeting in New York as of now: Pak High commissioner
Monday, September 15, 2014

Pakistan High Commissioner to India Mr Abdul Basit today said at an ASSOCHAM meeting that at present moment there is no proposal either from India or his country for a meeting between Prime Minister Mr Narendra Modi and Prime Minister Mian Nawaz Sharif during the UN General Assembly (UNGA) in New York later this month. more...

ASSOCHAM Reaction - Wholesale Price Index for August 2014
Monday, September 15, 2014

Apex industry body ASSOCHAM has welcomed the estimates of low wholesale price inflation in August 2014. “If we recall, in August 2013 the Country witnessed build up of inflationary pressures mainly aided by steep increase in the prices of primary articles and fuel & power, in contrast, August 2014 has seen low rise in the prices of primary articles and fuel group.” more...

Rs 5,700 crore immediate loss to J & K economy; tourism hit hardest: ASSOCHAM
Sunday, September 14, 2014

Devastating floods in Jammu and Kashmir have caused an immediate loss of Rs 5,400-5700 crore , well exceeding 10 % of the state’s GDP with heavy damages to trade, hotels, restaurants, horticulture and handicraft besides throwing completely out of gear basic infrastructure of power, railways and communication, initial estimates arrived by ASSOCHAM. more...

Influx of NRI investments in real estate likely to increase by 35% this year: ASSOCHAM
Friday, September 12, 2014

Indian property developers are anticipating a 35% surge in enquiries from NRI-based purchasers as compared to last year about 18%, reveals the Associated Chamber of Commerce and Industry of India (ASSOCHAM) latest study. more...

Losses in Fruits and Vegetables to be brought down: Harsimrat Kaur Badal
Thursday, September 11, 2014

Union Food Processing Industries Minister Smt. Harsimrat Kaur Badal stressed on the need for bringing down the percentage of losses in the agricultural commodities particularly in fruits and vegetables from the present 18% to much lower levels at an MOFPI-ASSOCHAM event held in New Delhi today. more...

Wilful defaulter tag to guarantor by banks is dangerous; will hit the trust core of business: ASSOCHAM
Wednesday, September 10, 2014

Pushing the envelope on the loan guarantor and declaring him wilful defaulter without banks being asked to first exhaust the remedies against the principal debtors is a knee-jerk reaction of the RBI and is not the right way to tackle the NPA issue, as the move will scare away the guarantors affecting the credit growth, ASSOCHAM said today. more...

Clinical Trial Rules counter-productive: ASSOCHAM
Tuesday, September 09, 2014

Major industry chamber ASSOCHAM has expressed concern at the setback to clinical trials for new pharmaceutical drugs in the country and has called for several changes in the Drugs and Cosmetics Amendment Rules (DCAR) to meet industry concerns about these trials. more...

Power situation to worsen if all coal blocks since 1993 are cancelled: ASSOCHAM
Monday, September 08, 2014

The ongoing power crisis in several parts of the country in Punjab, West Bengal, Haryana, Punjab and Uttar Pradesh will take a sure turn for the worse dealing a severe blow to the industrial production, if captive coal mining is stopped following the Supreme Court ruling holding all coal blocks between 1993-2009 illegal, the ASSOCHAM said today. more...

5 states claim half of PSUs investment; Maharashtra at top: ASSOCHAM
Sunday, September 07, 2014

Maharashtra, Andhra Pradesh, Tamil Nadu, Odisha and Uttar Pradesh were the major investment destinations for the Central Public Sector Enterprises (CPSEs) claiming 50 per cent of their total investment of Rs 5.5 lakh crore between 2008-09 ad 2012-13, an ASSOCHAM study has noted. more...