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Press Releases Embargo for Release on Sunday, February 5, 2012 - Logistic bottlenecks hampering supplies for steel industry: ASSOCHAM Apex chamber ASSOCHAM today voiced concern over poor logistics infrastructure for supply of iron ore and coal for the steel industry, and said slurry pipelines should be included in the list of industries with infrastructure status to address bulk transportation needs of the sector. more... Manufacturing, infrastructure, energy sectors need fresh impetus: ASSOCHAM (President-elect Dhoot submits chamber’s pre-Budget memo to finance minister) ASSOCHAM president-elect Rajkumar Dhoot today emphasised the need for new impetus to manufacturing sector, boost in physical and social infrastructure with large doses of investments and tax relief, and ensuring energy security with tax holidays for oil and gas exploration activities. more... 2G Case – ASSOCHAM reaction Industry body ASSOCHAM said the Supreme Court judgment will be in the interests of serious and long-term investors – both domestic and foreign. The apex court has strongly underlined the need to follow an open, transparent, fair and rational approach for the development of infrastructure sector and allocation of scarce national public property such as spectrum, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM). more... Designer wear industry to reach Rs 11K crore mark by 2020: ASSOCHAM Growing at a compounded annual growth rate (CAGR) of about 40 per cent, the booming designer wear industry in India is likely to cross Rs 11,000 crore mark by 2020, apex industry body ASSOCHAM said today. more... ASSOCHAM calls for removal of import duty on iron ore Industry body ASSOCHAM today urged the government to remove 2.5 per cent import duty on iron ore lumps, fines and pellets to increase supply options for the steel industry. more... Nursery admission to cost parents between Rs. 2 to 4 Lakh this year: ASSOCHAM Affording best quality education for children has burnt hole in the pocket of parents, this year parents will keep aside an average budget of over Rs. 2 Lakhs to 4 Lakhs before the primary schools begins due to the heavy fee charged by the private schools, a survey conducted by industry body ASSOCHAM said. more... Economic outlook looks brighter, inflation and interest rates to decline: Rangarajan Despite global economic slowdown, the Indian economy is poised to grow between 7 and 7.25 per cent during 2011-12 but the fiscal deficit target of 4.6 per cent seems difficult to achieve, chairman of the Economic Advisory Council to the Prime Minister C. Rangarajan said today. more... Rationalise duties for new steel making technologies: ASSOCHAM Lead chamber ASSOCHAM today called for rationalisation of duty structure to provide a level-playing field for new-generation iron and steel making technologies like corex at par with conventional blast furnace technology. more... Exempt coal imports from customs duty, CVD to reduce power tariff: ASSOCHAM Industry body ASSOCHAM today sought exemption from basic customs duty and countervailing duty for thermal or steam coal which increase the power tariff by 25 paise per unit and go against the basic tenets of ensuring long-term fuel sustainability and energy security. more... ASSOCHAM pitches for separate air cargo policy Industry body ASSOCHAM today called for a separate air cargo policy to tone up infrastructure, formulate regulatory framework and induct modern technology in the fast-growing industry. more... 78% of urban youth intake dietary supplement: ASSOCHAM Survey - Fitness trainer-coaches push for dietary supplements Due to easy availability of supplements, about 78 per cent of adolescents in urban centers of India consume at least one dietary supplement such as pills, energy drinks, steroids and high protein supplements, reveals a just concluded survey by apex industry body ASSOCHAM. more... Aerospace and defence exports likely to reach USD 2 billion in 2011-12: ASSOCHAM Aerospace and defence exports are likely to clock two billion dollars in the current fiscal, apex industry body ASSOCHAM said today. more... ASSOCHAM calls for raising import duty on steel products Industry body ASSOCHAM today called for raising import duty on steel products from the prevailing five per cent to a minimum of ten per cent so that domestic manufacturers can withstand growing imports from China and CIS countries. more... RBI Policy Review – ASSOCHAM reaction Industry body ASSOCHAM welcomed the RBI’s move to cut cash reserve ratio (CRR) by 50 basis points, saying it will release Rs 32,000 crore and help fund viable projects held up due to liquidity crunch. more... Strict enforcement of criminal laws to check corporate frauds: Moily The government will remove existing ambiguities for strict enforcement of criminal laws to prevent growing incidents of corporate fraud as the financial sector diversifies to keep pace with the rapidly-growing economy, minister for corporate affairs Veerappa Moily said today. more... Restore priority sector status for bank loans to NBFCs: ASSOCHAM Industry body ASSOCHAM today called for restoring priority sector status for bank loans to non-banking finance companies (NBFCs) and said core investment companies (CICs) should be permitted to invest ten per cent of the corpus in any scheme, including mutual funds. more... ASSOCHAM roadmap to transform MP into food processing hub At its day long summit on "Food Processing Investment Summit: Market Development & Business Opportunities" to be held tomorrow at Bhopal, apex industry body ASSOCHAM will explore the possibilities to enhance Madhya Pradesh’s contribution in India’s Rs 3.4 lakh crore worth food processing sector to about 12 per cent from the current level of about eight per cent amounting to over Rs 27,000 crore. more... National Procurement Policy to be introduced in Budget session of Parliament The first-ever National Procurement Policy likely to be introduced in the next session of Parliament will be sustainable, based on best international practices and have a clause of price variation to ensure its successful implementation, top government officials said today. more... |
