Press Releases

Government Detects GST Evasion of Rs 20,000 crore in April-Feb: Central Board of Indirect Taxes and Customs (CBIC)

Wednesday, 27 February, 2019

New Delhi, February 27, 2019: The government has detected Goods and Services Tax evasion of around Rs 20,000 crore in April 2018 to Feb 2019 period, said Mr John Joseph, Member (Budget & Investigations) at Central Board of Indirect Taxes and Customs (CITC), at a National Conference on GST 2.0 – Recent Development and Way Forward, organised by an apex industry body ASSOCHAM, in New Delhi today.

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Air purifier industry to touch USD 38.99 million by 2023: ASSOCHAM- TechSci study

Sunday, 24 February, 2019

New Delhi, February 23, 2019: Indian residential air purifiers market is projected to grow at a CAGR of more than 29% from the current level of USD 14.14 million to USD 38.99 million in 2023, backed by rapid urbanisation, increasing purchasing power, expanding urban population and deteriorating air quality, according to an ASSOCHAM-TechSci Research joint study.

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India’s packaging industry to touch US$72.6 bln by FY20: ASSOCHAM-EY study

Sunday, 17 February, 2019

New Delhi, February 15, 2019: India’s packaging industry is expected to witness an outstanding growth during 2016–21, anticipated to reach the level of US$ 72.6 billion by FY20 growing at a CAGR of 18%, according to an ASSOCHAM-EY joint study.

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The Inventory Stock Time of Coal at Power Stations Is Raised To 15 Days: Haribhai Parthibhai Chaudhary

Thursday, 14 February, 2019

New Delhi, February 14th 2019: To meet the rising demand for power across the country and to avoid any delays in procurement of the coal, the Government has decided to allow stoking from 7 to 15 days. This will allow power manufacturers enough breathing room to streamline the sourcing of the coal and maintain a steady supply of power.

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India records about two million deaths every year due to air pollution – ASSOCHAM Report

Wednesday, 13 February, 2019

New Delhi, February 13th 2019: When air pollution is worsening the living conditions in the cities like New Delhi and Mumbai, the state of Uttar Pradesh has recorded the highest number of deaths due to air pollution, followed by Maharashtra and Bihar. Bio-Waste is an alarming issue for air pollution cited Mr. Vivek Gupta, Vice President- Research and Operations, TechSci Research in an event organized by ASSOCHAM here in New Delhi today.

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Thermal power projects with investments worth over INR2.5 lakh crore facing stress: ASSOCHAM-Grant Thornton report

Sunday, 10 February, 2019

New Delhi, 9th February 2019: Investments worth over INR2,50,000 crore in thermal sector projects (based on domestic coal, imported coal and gas) are facing stress, and immediate remedial measures need to be undertaken to ensure that they are revived in a time-bound manner, noted a recent ASSOCHAM-Grant Thornton joint study.

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~ IT Department going aggressively after undisclosed foreign assets: Says Mr Sushil Chandra, Chairman, CBDT~

Thursday, 07 February, 2019

New Delhi, February 07, 2019: Under Automatic Exchange of Information (AEOI) route, the Government is aggressively collecting information about foreign assets accumulated by people in foreign countries and for this, it has signed treaties with various countries such as Hong Kong, Switzerland to plug in the loopholes, informed Mr Sushil Chandra, Chairman, Central Board of Direct Taxes (CBDT) at an event - ‘National Conference on Recent Challenges in Taxation and the Way Forward’ organised by ASSOCHAM in New Delhi today.

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Government to Soon Announce a Policy to Introduce ITES-Enabled Intelligent Transport System: Niti Aayog

Wednesday, 06 February, 2019

New Delhi, February 06 2019: In India, a person dies every 3.5 minutes in road accidents, out of which people in the prime age group perish the most. Despite it reaching enormous proportion, there is still lack of precautionary measures taken on road safety, states a study conducted by industry body, ASSOCHAM.

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Interim Budget aims at wooing middle class tax payers, farmers: B K Goenka, President, ASSOCHAM

Friday, 01 February, 2019

New Delhi, 1st February 2019: The finance minister, Piyush Goyal in his interim vote of account budget presented today announced sops that would benefit people from several walks of the society. Right from the farmer, to the worker from the unorganised sector to the middle class tax payer, everyone would have something to cheer upon.

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FAME II to be soon rolled out on consortia-based approach: Scientific Secy

Monday, 28 January, 2019

New Delhi, 28th January 2019: The Government will soon roll out second phase of the FAME India scheme on consortia-based approach, a top official said at an ASSOCHAM event held in New Delhi today, but he did not give a specific timeline.

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