Press Releases

ASSOCHAM seeks immediate fiscal stimulus; advises Govt to brush aside rating downgrade fears

Monday, 13 April, 2020

New Delhi, 13th April 2020: A day ahead of the Prime Minister Shri Narendra Modi’s address to the nation with his guidance and direction to deal with Coronavirus, the ASSOCHAM has approached the government for an immediate and an impactful stimulus package without getting weighed in by any possible downgrade by global rating agencies.

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Coronavirus crisis: ASSOCHAM for graded opening of economy, with SOP for employees medical tests, support to farm sector in harvest season

Saturday, 11 April, 2020

New Delhi, 11th April 2020: Committing itself to work with the Centre and the state governments to deal with the Covid-19 pandemic, the ASSOCHAM has formulated a calibrated approach for re-opening of the economic activities in phases, putting agriculture, export units, highly automated industries and selective construction ahead of other vital sectors, with each phase strictly adhering to the safety SOPs, which include medical fitness and testing of employees resuming work.

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Lessons from Coronavirus pandemic: ASSOCHAM seeks faster time lines for bulk drugs/API mega parks, higher incentives on output

Friday, 10 April, 2020

New Delhi, 10th April 2020: Lauding the recent Cabinet decision to earmark Rs 10,000 crore to ensure ''drug security'' for India to deal with pandemics like Covid-19 by promoting major bulk drug parks for manufacture of bulk drugs and Active Pharmaceutical Ingredients (API), the ASSOCHAM has impressed upon the Centre and states to advance the timeline for implementation of these strategic schemes and extend the incentives for longer period.

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COVID-19: Minimum $200 billion stimuli needed to support the Indian economy says ASSOCHAM

Wednesday, 08 April, 2020

NEW DELHI, April 8, 2020: With a sentiment that to tackle the unprecedented times, exceptional measures are essential, apex industry body, ASSOCHAM has recommended a 16-point agenda and a stimulus package of at least $200-$300 billion to thwart one of the deepest global recession expected in the world’s history, states its secretary general, Deepak Sood.

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ASSOCHAM suggests business continuity measures to sustain economic activity amid COVID-19 crisis

Tuesday, 07 April, 2020

New Delhi, 07th April 2020: In a comprehensive plan for gradual lifting of the lockdown, the ASSOCHAM has suggested that several selective but key sectors of trade and industry, including retail, essential manufacturing, large construction and infrastructure projects, to name a few, should be allowed to resume operations, with strict adherence to social distancing norms and other precautionary measures suggested by the Government. This would help mitigate the business and job loss that Indian industries are facing amid the Covid-19 outbreak.

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ASSOCHAM for greater use of contactless debit/cards, further push to digital economy to deal with Covid19 crisis; writes to FinMin, RBI

Sunday, 05 April, 2020

New Delhi, 4th April 2020: Increasing the limit on debit or credit card payments without swiping on the PoS machines, expanding money transfers anywhere in the world and inter-operability of digital transactions are among a slew of recommendations made by ASSOCHAM to the Finance Ministry and the RBI for giving a further push to India’s digital landscape which is playing a savior in the human and economic turmoil caused by Coronavirus.

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Financial markets need further support to minimize Covid-19 impact: ASSOCHAM

Thursday, 02 April, 2020

New Delhi, 02nd April 2020: The RBIs announcement on key rate cuts and measures to infuse liquidity could just be seen as a quick short term fix, and the government would need to do much more in the immediate future amid coronavirus lockdown, states Deepak Sood, secretary general, ASSOCHAM.

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Allow extension for Co accounts up to 6 months amidst disruptions by Covid-19; ASSOCHAM to MCA

Monday, 30 March, 2020

New Delhi, 30th March 2020: As the Financial Year 2019-2020 comes to close amidst nationwide lockdown due to Covid-19 health crisis, the ASSOCHAM has sought from the Ministry of Corporate Affairs (MCA) one-time extension of annual company accounts, up to September 30 or at least by three months up to June 30, 2020.

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RBIs 'war efforts' to fight Covid19 blow will bring financial stability, restore biz confidence: ASSOCHAM

Friday, 27 March, 2020

New Delhi, 27th March 2020: With a sizeable cut in the policy interest rates by 75 basis points and Cash Reserve Ratio by 100 basis, the RBI would be injecting huge liquidity into the banking and financial system along with the much- needed three-month moratorium on all loan repayments, thus joining the national ''war efforts'' to courageously face the unprecedented worldwide crisis caused by the Covid-19 virus, said Dr Niranjan Hiranandani, President, ASSOCHAM.

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PM Greeb Kalyan Yojana puts money where mouth is: ASSOCHAM

Thursday, 26 March, 2020

New Delhi, 26th March 2020: The ASSOCHAM today said, the government has put the ‘money where the mouth is’ by unveiling the Rs 1.70 lakh crore PM Greeb Kalyan Yojana, expressing confidence that similar packages would be announced for the trade and industry which too have been hit severely by the three-week nation-wide lockdown, following outbreak of Coronavirus.

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