Press Releases

Rs 1 lakh crore Revolving Fund mooted by MSME Min to ease industry pain: NitinGadkari at ASSOCHAM webinar

Friday, 24 April, 2020

New Delhi, 24th April 2020: The government would be examining a proposal for setting up a Revolving Fund of Rs one lakh crore for injecting the much-needed liquidity into small businesses by banks on credit guarantee in the face of Covid-19 crisis, MSME and Road Transport & Highways Minister Mr NitinGadkari said today at an ASSOCHAM webinar.

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Insolvency Professionals should use technology and keep working for revival of companies under IBC: IBBI official

Thursday, 23 April, 2020

New Delhi, 23rd April 2020: The insolvency professionals should engage greater use of technology and keep working for revival of companies under the Insolvency and Bankruptcy Code (IBC), said Dr Ms Mukulita Vijayawargiya, WTM (Research and Regulation Wing), IBBI in a ASSOCHAM webinar on ‘Covid19 relief-Insolvency and Bankruptcy Code,’ held ‘Tuesday.

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RBIs Whatever-It-Takes approach to face Covid-19 is lifesaver dose for economy: ASSOCHAM

Friday, 17 April, 2020

New Delhi, 17th April 2020: Describing the new RBI measures as a life-saving dose for millions of businesses, ASSOCHAM today said along with government’s partial re-opening plan from the lockdown, further regulatory forbearances, infusion of additional liquidity and nudging banks to do real lending would provide a much-needed shield both to Corporate India as also the most vulnerable informal sectors of the economy from the Covid-19 pandemic onslaught.

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Lockdown exemptions can help partial but key restoring of economy: ASSOCHAM

Wednesday, 15 April, 2020

New Delhi, 15th April 2020: Exemptions from lockdown measures are wide-ranging in nature and under the given circumstances of health emergency, this is the best we could expect from the government, said ASSOCHAM secretary general, Mr Deepak Sood.

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PM move to build on lockdown gains wise; says ASSOCHAM seeking urgent financial help for industry, trade, employees

Tuesday, 14 April, 2020

New Delhi, 14th April 2020: ASSOCHAM today fully supported Prime Minister Shri Narendra Modi for extending the nationwide lockdown till May 3 for saving each and every Indian from the unprecedented global pandemic, with a firm conviction that the government would soon be announcing a large and effective financial package for protecting agriculture, industry, trade with a particular focus on the MSMEs and millions of jobs, said ASSOCHAM secretary general, Mr Deepak Sood.

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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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