Press Releases

Build Climate for Investments, Continue Reforms, Fine-tune SME Rules: ASSOCHAM in pre-Budget Meeting

Tuesday, 11 June, 2019

New Delhi, June 11, 2019: Participating in the pre-Budget meeting convened by Finance Minister Mrs Nirmala Sitharaman, ASSOCHAM President Mr B K Goenka today recommended more favourable norms for investment – both domestic and FDI. On behalf of industry, he made various suggestions which would help the Indian economy achieve its objectives of high growth and inclusive development.

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Pre-Budget proposals: ASSOCHAM seeks raise in exemption limit for taxpayer to Rs 5 lakh

Sunday, 09 June, 2019

New Delhi, June 8, 2019: The basic exemption limit for an individual income tax payee should be raised to Rs 5 lakh from Rs 2.50 lakh at present, in the backdrop of the inflationary impact over the years, the ASSOCHAM has proposed in its pre-Budget memorandum to the Government.

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Study suggests govt to allow min 51% FDI in defence without riders to linkages with modern technology for large scale job creation

Wednesday, 05 June, 2019

New Delhi, 05th June 2019: The government should allow a minimum of 51 per cent FDI in defence sector without any riders to linkages with ‘modern technology,’ so as to enable international defence companies to exercise adequate control over joint venture companies, intellectual property rights (IPR) and product quality, suggested an ASSOCHAM-BDO joint study.

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New Govt. to use Fintech for flagship programmes: Amitabh Kant

Thursday, 30 May, 2019

New Delhi, May 30, 2019: Use of financial technology (Fintech) revolution for achieving greater financial and insurance inclusion, besides lifting people above the poverty line would be amongst the biggest agenda of the Narendra Modi 2.0 government, NITI Aayog CEO, Mr Amitabh Kant said at an ASSOCHAM Conference in New Delhi today.

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Final report on cryptocurrency ready to be submitted to FM: Finance Secy

Thursday, 30 May, 2019

New Delhi, 30th May 2019: While the final report on cryptocurrency would soon be submitted to the Union Finance Minister, there is no report yet from expert committee on economic capital framework (ECF), finance secretary Subhash Chandra Garg said at an ASSOCHAM event held in New Delhi today.

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ASSOCHAM on PM Modi: New Government Slated to Place India on Higher Growth Trajectory

Thursday, 30 May, 2019

New Delhi, May 30, 2019: After attending the new government's swearing-in ceremony today, ASSOCHAM President Mr B K Goenka extended his warmest congratulations to Hon'ble Prime Minister Shri Narendra Modi and his Council of Ministers. Expressing industry's enthusiasm with the new leadership and sharing his optimism on the government's agenda, Mr Goenka said, "With Shri Narendra Modi ji taking oath as the Prime Minister for his second term, India is slated to undertake the next level of reforms for becoming a global economic power house."

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TARI study, shared with ASSOCHAM unveils a model to measure full economic value generated by an entire sector

Wednesday, 29 May, 2019

New Delhi, May 29, 2019: TARI (Thought Arbitrage Research Institute) today shared its study with ASSOCHAM, stating that as per an economic metric model it has measured the total cumulative intrinsic economic value generated by a sector over the years. This model is developed by combining financial reports, econometric and statistical methodologies, as per the TARI study shared with the ASSOCHAM.

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Research underway on biodegradable products being manufactured in menstrual hygiene space: MoHFW official

Tuesday, 28 May, 2019

New Delhi, 28th May 2019: The Department of Health Research (DHR) under the Ministry of Health and Family Welfare has been advised to conduct research on safety, scalability, efficacy, cost-effectiveness of biodegradable products being manufactured in the menstrual hygiene space, a top official said at an ASSOCHAM event held in New Delhi today.

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Modi 2.0 to bring in virtuous cycle of economic growth: ASSOCHAM

Thursday, 23 May, 2019

New Delhi, May 23, 2019: Congratulating Mr Narendra Modi for leading the NDA to a convincing victory in the Lok Sabha elections, ASSOCHAM President Mr B K Goenka today said, "An aspirational India has reposed great faith in Mr Modi's leadership. The ASSOCHAM will extend full support to his government to meet these aspirations by achieving higher economic growth through enhanced investment in manufacturing, rural and urban infrastructure, agriculture and social sectors, including health and education".

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‘Fairly robust’ economic agenda awaits new Govt: N K Singh, Fin Commission Chairman

Friday, 17 May, 2019

New Delhi, May 17, 2019: The new government at the Centre will have a ‘fairly robust’ economic agenda and need to support fiscal integrity and reforms, Chairman of the 15th Finance Commission, Mr N K Singh said at an ASSOCHAM conference in New Delhi today.

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