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Press Releases Railway Budget on Expected Lines: ASSOCHAM ASSOCHAM President Mr. Sajjan Jindal complimented Railway Minister Ms. Mamta Banerjee for presenting a people and industry friendly railway budget since no increase in passenger fare and freight traffic has been proposed. This move is praiseworthy especially for times when people and industry are somehow coping with adversaries of economic slowdown. more... 1.6% Agriculture Growth In `08-09 Is A Matter Of Concern, Sector Needs Higher Investments: ASSOCHAM Chief Despite global meltdown, India recording a GDP growth of 6.7% in 2008-09 is a matter of satisfaction as projected in Economic Survey tabled here in the Parliament, says the ASSOCHAM President, Mr. Sajjan Jindal. more... ASSOCHAM Urges Mamata To Spell Out Plans For Freight Corridors The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged the Railway Minister, Mamata Banerjee to unfold adequate provisions in her forthcoming Budget Proposals for construction of two dedicated Freight Corridors across Eastern and Western flanks. more... Commodity Bubble would Spark Inflation to Average 5% in `09-10: ASSOCHAM Defying current downward trend in headline inflation, continuing spike in commodity prices globally supported by poor monsoon and the fruits of fiscal and monetary measures are likely to trigger inflation to average near 5 per cent in FY 2009-10, according to an ASSOCHAM Eco Pulse Study. more... In April-June `09, Banks, IT/ITeS Give Highest Number of Jobs : ASSOCHAM Global demand for tech-services is propelling Banking and IT/ITeS to emerge as the top employer, carving out a share of nearly 74 per cent in total hiring plans during first quarter of financial year 2009-10, according to ASSOCHAM Placement Pattern (APP). more... Finance Commission To Provide Compensation To States & UTs For `Flawless GST Implementation: Vijay Kelkar In a bid to protect revenue losses of States and UTs on account of implementation of Goods and Service Tax (GST), 13th Finance Commission on Monday offered to provide them with `Compensation Package’ and also proposed to bring Construction, Real Estate and even Railways under ambit of GST. more... To contain Fiscal Deficit raise Resources thru’ PSU Stake Dilution, Stable interest rate, Low Tax regime and tap G-20 Global Facility, says ASSOCHAM The ASSOCHAM has come out in strong defense of adherence to FRBM fiscal discipline in the forthcoming government Budget and has suggested a three-pronged approach to “narrow the inevitable widening in fiscal deficit”. more... 89% of Students Enhance Soft Skills for achieving success in Career: ASSOCHAM Apart from good academic records and work experience, 89% of students feel that soft skills such as oral communication, written communication and team work need to be enhanced to land up into money minting industries, according to ASSOCHAM Business Barometer (ABB). more... Exempt `Infrastructure Projects’ From Excise, VAT/CST: ASSOCHAM The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged Finance Minister to exempt `Infrastructural Projects’ in Power, Roads, Ports, Oil & Gas and irrigation from levy of Excise, Value Added Tax (VAT) and Central Sales Tax (CST) until such projects are commissioned. more... Exempt `Infrastructure Projects’ From Excise, VAT/CST: ASSOCHAM The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged Finance Minister to exempt `Infrastructural Projects’ in Power, Roads, Ports, Oil & Gas and irrigation from levy of Excise, Value Added Tax (VAT) and Central Sales Tax (CST) until such projects are commissioned. more... Demand For Promotional & Financial Incentives To Port Projects: ASSOCHAM The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has advocated the need for promotional and financial incentives for port projects with a view to create port facilities and also develop infrastructure like roads and railways in hinterland. more... VCs, PEs Investments In Indian Inc. Likely To Exceed USD 8.5 Billion: ASSOCHAM Whopping investments of over USD 8.5 billion is expected in Indian Venture Capitalists (VCs) and Private Equities (PEs) in next five years in atleast five identified areas such as Biotechnology and Life Sciences, Logistics, Cleantechnology, Film Production and Education, says a joint paper brought out by ASSOCHAM and Deloitte. more... In Last 10 Yrs Take Home Salary Dips By 30% : ASSOCHAM Take home salary of average employee in metros and large townships has gone down 30% in last ten years which used to be over 70% around 1999 and now stands around 40% due to increasing burden of EMI’s on housing, auto & luxurious items and life insurance premia, reveals the ASSOCHAM survey. more... Health Ministry Will Develop Rs.100 Cr. Clusters On Lines .Of SEZs: Secretary, Deptt. Of AYUSH Department of Ayush, Ministry of Health & Family Welfare has decided to develop Clusters on the lines of SEZs all over the country with a cost of Rs.100 crore to promote medicinal and herbal plants and increase its current export of Rs. 500 crore to Rs.1000 crore annually. more... |
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