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Maharashtra tops in fiscal management amid high-income states: Study                                                                                            App downloads in India likely to cross 9 billion by 2015: ASSOCHAM                                                                                            Gujarat acquires lion’s share in new investments attracted by power sector: Study                                                                                            Hiring improves in telecom, marketing & advertising in first half of 2014; prospects look brighter, ASSOCHAM survey                                                                                            
Report on Mobile Value Added Services (MVAS)
Report on Mobile Value Added Services (MVAS)

Press Release Archives


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Maharashtra tops in fiscal management amid high-income states: Study
Wednesday, July 30, 2014

Gujarat, Maharashtra and Haryana have recorded highest trend growth rate in terms of per capita income (PCI) during 2004-2013 amid high income states, revealed a just-concluded ASSOCHAM study. more...

App downloads in India likely to cross 9 billion by 2015: ASSOCHAM
Tuesday, July 29, 2014

The number of app downloads in India is expected to grow from 1.56 billion per annum in 2012 to 9 billion by 2015, a compound annual growth rate (CAGR) of about 75%, between the age of 16-30, according to an ASSOCHAM-Deloitte joint study. more...

Gujarat acquires lion’s share in new investments attracted by power sector: Study
Monday, July 28, 2014

Gujarat has least share in power projects that remained non-starter Gujarat is ranked on top acquiring highest share of over 17 per cent in the new investments attracted by the power sector during the course of financial year (FY) 2004-05 and FY 2012-13, apex industry body ASSOCHAM said today. more...

Hiring improves in telecom, marketing & advertising in first half of 2014; prospects look brighter, ASSOCHAM survey
Sunday, July 27, 2014

With a marked improvement in sentiment in the financial markets and overall turnaround in the business mood, corporate hiring in the first six months of 2014 has changed for better in key sectors like telecom, marketing and advertising while the information technology (IT) remained robust at the entrance level even though it is witnessing churning at the high-end jobs due to emergence of new technologies, an ASSOCHAM survey has shown. more...

Investment target of DFC revised to 80,000 crore: Chairman, Railway Board
Friday, July 25, 2014

The initial investment needed for the Dedicated Freight Corridor (DFC) was estimated around Rs. 27,000 crore but it has touched close to Rs 80,000 crore in the span of 6 years for the various genuine reasons, said Mr. Arunendra Kumar, Chairman, Railway Board at an ASSOCHAM event held in New Delhi. more...

Hold your ground in WTO talks: ASSOCHAM to Govt
Friday, July 25, 2014

India must hold its ground at the WTO negotiations without succumbing to the pressure of the developed countries which must be told in clear terms that the issue of farmers' security and welfare of the poor is not negotiable. more...

ASSOCHAM hopes Parliament to give nod to Insurance Bill in current session
Thursday, July 24, 2014

Welcoming approval of the Bill to raise FDI in insurance to 49 per cent by the Cabinet, ASSOCHAM today expressed the hope that Parliament will pass the crucial reforms oriented legislation in the current session itself. more...

Needs a strong law for benefit of mankind: Secretary, Law and Justice
Thursday, July 24, 2014

India needs a strong law to ensure the benefits of technology used for the benefit of mankind, said Mr P.K. Malhotra, Secretary, Department of Legal Affairs, Ministry of Law and Justice at an ASSOCHAM event held in New Delhi today. more...

RBI working on enabling mechanism for exit by entrepreneurs in absence of bankruptcy laws, says Executive Director, RBI
Wednesday, July 23, 2014

The Reserve Bank of India (RBI) has started work on enabling banks to provide an honourable exit to unsuccessful entrepreneurs from "unattractive" businesses in the absence of a good bankruptcy legal system, RBI Executive Director Mr. B Mahapatra said at an ASSOCHAM event. more...

Focus on innovation to boost country's economic growth: DIPP, Secretary
Wednesday, July 23, 2014

Indian companies will have to more focus on innovation, comprehensive strategy to boost the country's economic growth, said Mr Amitabh Kant, Secretary, Department of Industrial Policy & Promotion (DIPP) at an ASSOCHAM event held in New Delhi today. more...

ASSOCHAM urges govt. to review any increase in royalty rate on iron ore
Tuesday, July 22, 2014

The apex industry body ASSOCHAM has suggested the Finance Minister to review its budget proposal to increase the royalty rate on Iron Ore from 10 to 15% with a view to maintain cost competitiveness and sustainable growth of the domestic industry. more...

Immediately release spectrum available with Defence to garner additional revenues: ASSOCHAM plea to Government
Monday, July 21, 2014

ASSOCHAM has suggested the Defence Ministry to release spectrum for commercial use minimum quantity of 112 MHz out of 500 MHz (900 MHz band type), 135 Mhz from 1650 MHz (1800 MHz band type) and 415 Mhz from 1320 MHz (2100 MHz band type) with a view to achieve India’s mobile broadband objectives. more...

70% travel trade gone online; airlines marching towards 100%: ASSOCHAM
Sunday, July 20, 2014

Over 70 per cent of travel trade in India has gone online and the figure will likely reach 85-90 per cent in the next five years with maximum of internet usage being seen in airlines ticketing, luxury and mid-segment hotel bookings and the Railways with the booking agents mushrooming even in smaller cities, an ASSOCHAM study has said. more...

Need to relook at policies impacting growth of domestic manufacturing industry: CBEC chairperson
Thursday, July 17, 2014

CBDT upgrading technology to minimise litigation and enhance tax collection: Chairman There is a need to relook at policies as they impact growth of domestic industry over a short-term or long-term period and whenever a policy is made whether it is for exports or otherwise, these things need to be kept in view, chairperson of the Central Board of Excise and Customs (CBEC) said at an ASSOCHAM event held in New Delhi today. more...

ASSOCHAM Reaction on trade data: Keep eye on gold imports; electronics need support
Wednesday, July 16, 2014

A detailed analysis of the trade data released today shows that while engineering, petroleum goods and others have bounced back, the agri exports and shipments of electronics goods are causing concern requiring immediate support from the government, apex industry body ASSOCHAM said today. more...

BRICS Bank will need to raise big time resources in excess of USD 1 trillion: ASSOCHAM President, Mr Rana Kapoor
Wednesday, July 16, 2014

The decision to set up a USD 100 billion development bank by the BRICS countries is a strong signal to the rest of the world about the growing economic clout of Brazil, Russia, India, China and South Africa. While BRICS development bank will not undermine the IMF and the World Bank, those wielding political control of the Bretton Woods institutions must realise that we are living in a different world today than the world of the 1940s. more...

Rising Chinese imports threaten 25 lakh jobs in domestic furniture industry: Study
Tuesday, July 15, 2014

20% registered furniture factories non-operational due to labour dogs & lack of modernisation With $447 million worth annual furniture imports into India, China accounts for 53 per cent of India’s total furniture imports worth over $736 million thereby giving severe competition to the domestic industry, according to a just-concluded ASSOCHAM study. more...

Headline grabbing potato, tomatoes limit policy space for bold measures, says ASSOCHAM on inflation
Monday, July 14, 2014

While the headline inflation is showing deceleration, the associated chamber of commerce and industry of India (ASSOCHAM) says, the rise in prices of items used by the common-man such as fruits, vegetables, potato, rice and milk are worrisome. In fact, when potatoes and tomatoes grab headlines, they limit the policy space both with the Reserve Bank of India (RBI) and the government to really go for bold measures. more...

ASSOCHAM Reaction: Consumer Price Index Numbers for June 2014
Monday, July 14, 2014

Welcoming the moderation in the provisional Consumer Price Index for the month of June 2014, apex industry body ASSOCHAM said that indications that growth in the retail prices is moderating offers a big relief to the Nation and its policy makers more...

Budget has devils in tax details; huge hikes in penal interest, cost of compliance to go: ASSOCHAM Tax Panel
Sunday, July 13, 2014

Detecting devil in details in the Budget, the ASSOCHAM Indirect Tax Committee has said there is no justification for a huge increase in interest rate to 30 per cent from 18 per cent on delay in payment of service tax and for mandatory deposit of 7.5-10 per cent of demand before an appeal is filed for customs and excise claims. more...

Implement incentive-based population control strategy monitored by nodal agency: Study
Friday, July 11, 2014

Set up dedicated population control fund to incentivize families committed to small family norms On the eve of World Population Day, annually observed on July 11, apex industry body ASSOCHAM has suggested the Centre to adopt an incentive based population control strategy and create a nodal agency to oversee its implementation process. more...

Holy Trinity of Union Budget FY 15 – creating growth, managing fiscal deficit and destroying inflation
Thursday, July 10, 2014

“Like The Trinity of Brahma (The Creator), Vishnu (The Preserver), and Shiva (The Destroyer) play an all encompassing role in balancing the shrishti, the FY15 Union Budget makes a fervent pitch for attaining a balance by creating growth, preserving an ideal level of deficit, and destroying (supply side) inflation.” more...

Hope concerns highlighted in Economic Survey are addressed by FM in Budget tomorrow: ASSOCHAM
Wednesday, July 09, 2014

The candid admission of the fiscal situation of the central government being in “worse situation than it appears” in the Economic Survey which underscores the need for the FRBM Act with teeth is laudable, but the key is held by the intent and resoluteness of the Government to really walk the talk, said Mr. D S Rawat, Secretary General ASSOCHAM. more...

Farmers not willing to deposit produce in warehouses due to poor post-harvest lending by banks: WDRA chairman
Wednesday, July 09, 2014

Warehousing sector awaiting positive outcome from Union Budget 2014-15 Poor post-harvest lending by banks is affecting farmers’ willingness to deposit their produce in warehouses as banks are mostly giving crop loans, said Mr Dinesh Rai, chairperson of the Warehousing Development and Regulatory Authority (WDRA) at an ASSOCHAM event held in New Delhi today. more...

Very businesslike and smart; Rail Budget focuses on delivery not populism: ASSOCHAM President Mr Rana Kapoor
Tuesday, July 08, 2014

Clearly spelling out the economic model of the Narendra Modi Government, the Railway Budget is banking heavily on involvement of the private investment- both domestic and overseas on modernization and a smart functioning of the country’s largest transport operator. more...

Provide Rs 20K crore budgetary support each for next 2 years to Indian Railways: ASSOCHAM plea to Govt.
Monday, July 07, 2014

With Indian Railways currently facing tremendous financial constraint, apex industry body ASSOCHAM today urged the Central Government to provide budgetary support of Rs 20,000 crore each for next two years in form of a soft loan or a grant or a mix of both to upgrade and plug all loopholes and deficiencies in this 160 years old network, especially in area of safety and transform it into the most efficient and affordable carrier in the world. more...

Vegetables prices up by 80% in two months: ASSOCHAM
Sunday, July 06, 2014

The ASSOCHAM study of 33 ‘Mandies’ in India has revealed that during April-June 2014, the gap between the wholesale and retail prices of vegetables has increased by 80% whereas retail prices in ten centres has been to the extent of 30%. more...

India supplies pharma to 200 countries; but heavily dependent itself on imports from China: ASSOCHAM Study
Friday, July 04, 2014

Alongside India building an unenviable reputation of being the pharmacy of the world supplying reliable and affordable medicines to over 200 countries, lesser known fact is that the country has become heavily import dependent on China when it comes to many essential and large volume drugs making us vulnerable to sudden disruption of supplies, an exhaustive ASSOCHAM study on “Pharmaceuticals Sector in India: Challenges faced & Suggested Way Forward” has cautioned. more...

ASSOCHAM submits 10 pt. growth agenda for textile industry to Textiles Minister
Thursday, July 03, 2014

Huge opportunity for Indian textile industry to increase its share in global markets Apex industry body ASSOCHAM has submitted a 10-point detailed agenda for growth and development of Indian textile industry to the Textiles Minister, Mr Santosh Gangwar. more...

ASSOCHAM advocates setting up Gold Bank & Gold Deposit Account
Wednesday, July 02, 2014

Apex industry body ASSOCHAM has mooted a proposal to the Finance Minister for setting up of Gold Bank and introduction of Gold Deposit Account (GDA) operated through scheduled commercial banks (SCBs) to minimize the smuggling of gold. more...

Govt. in process to set up National Youth Advisory Council to advise on youth related issues: Youth Affairs & Sports Minister
Tuesday, July 01, 2014

Sports Ministry asks IOA to submit comprehensive proposal for Asian Games bid The Government is in the process of setting up a National Youth Advisory Council represented by young leaders from various sectors along with other stakeholders, to advise the Government on youth related issues, Minister of State for Youth Affairs and Sports, Mr Sarbananda Sonowal said at an ASSOCHAM event held in New Delhi today. more...

Give boost to Tourism & Hospitality sector for fast & inclusive economic growth : Rana Kapoor President
Tuesday, July 01, 2014

India’s vibrant Tourism industry has the potential to grow four-fold to INR 25 lakh Crore by 2022. ASSOCHAM believes that Tourism and Hospitality sector can contribute significantly to economic growth by accelerating infrastructure development, generating livelihood, bringing in foreign exchange and facilitating social up-liftment through education, skill development and cross-cultural interface. more...