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Import duty on feedstock for petrochemicals be fixed at zero rate to boost domestic value addition: Study                                                                                            No proposal yet on Modi–Sharif meeting in New York as of now: Pak High commissioner                                                                                            ASSOCHAM Reaction - Wholesale Price Index for August 2014                                                                                            Rs 5,700 crore immediate loss to J & K economy; tourism hit hardest: ASSOCHAM                                                                                            
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Report on Mobile Value Added Services (MVAS)

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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...

Let‘s seek PM Tony Abbott’s support for increased Australian coal supplies to India to tide over power crisis: ASSOCHAM
Friday, September 05, 2014

With power crisis looming large in the face of coal shortages, India must seek more access to coal from Australia making use of the opportunity from the ongoing visit of Prime Minister Mr. Tony Abbott here, ASSOCHAM said today. more...

PM’s interaction with school kids to strengthen foundation for India’s human resource: ASSOCHAM
Friday, September 05, 2014

Prime Minister Mr Narendra Modi’s heart-to-heart interaction with school students on Teacher’s Day is a path-breaking initiative and will go a long way in laying foundation for building a world class human resource that will be India’s USP , ASSOCHAM Secretary General Mr D S Rawat said. more...

Domestic paint industry to cross Rs 62K crore mark by 2016-17: ASSOCHAM
Thursday, September 04, 2014

Festival season bring bright colours for Indian paints industry! Indian paint industry is likely to surge from the current level of about Rs. 40,600 crore to about Rs. 62,000 crore by 2016 witnessing a breathtaking double-digit compound annual growth rate (CAGR) of about 20%, apex industry body ASSOCHAM said today. more...

100 days: Modi govt. receives positive vibes all round world, says ASSOCHAM
Tuesday, September 02, 2014

ASSOCHAM today complimented Prime Minister Mr Narendra Modi for giving a decisive turn to the Indian economy within 100 days of assuming office, enthusing domestic global investors about the commitment to fight corruption, further liberalise policy space and giving a transparent and accountable government to the nation which is attracting positive vibes all round the world. more...

‘We will deliver all promises,’ says I&B minister Prakash Javadekar on completion of 100 days of Narendra Modi Govt.
Tuesday, September 02, 2014

100 days too soon to judge/praise the Govt.: Dr Shashi Tharoor Terming the completion of 100 days of Narendra Modi government in office as a review and a report card, Union Minister of Information and Broadcasting, Mr Prakash Javadekar said that the government was committed to deliver all its promises, while speaking at an ASSOCHAM event held in New Delhi today. more...