Press Releases

Centre to incorporate electronics manufacturing specifics in segments ruled by imports in new National Electronics Policy: MeitY secy

Wednesday, 30 May, 2018

New Delhi, 30 May 2018: The Centre will hold discussions with the industry on electronics manufacturing related specifics in segments like automotive, defence, medical and power that are currently ruled by imports and the same will be incorporated in the new National Electronics Policy to be out in a couple of months’ time, a top official said at an ASSOCHAM event held in New Delhi today.

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Large cut in Odisha mining, post court ruling to pay hefty penalty of Rs 17,576 crore: ASSOCHAM

Monday, 28 May, 2018

New Delhi, May 28, 2018: Iron ore mining has witnessed a sizeable decline in Odisha , following the Supreme Court’s direction to the miners for payment of compensation of Rs 17,576 crore for exceeding output beyond the quantum fixed under the environmental clearances , the ASSOCHAM has said, seeking Centre’s immediate intervention to resolve the issue in consultation with the state government , and cautioning that thousands of jobs are at stake.

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India’s gross defence budget may reach $112 bn by FY27 clocking 11% CAGR: ASSOCHAM-KPMG report

Sunday, 27 May, 2018

New Delhi, 26 May 2018: India’s gross defence budget is expected to reach US$ 112 billion (bn) by FY27 from $45 bn announced by the Government of India in 2018-19, owing to significant steps been taken by the Centre to bolster country’s position as a major aerospace and defence power, noted a recent ASSOCHAM-KPMG joint study.

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Big revival in business sentiment in Punjab; projects worth Rs 1.2 lakh crore under implementation in state: ASSOCHAM

Thursday, 24 May, 2018

Chandigarh, 24 May, 2018: Showing a handsome revival in business sentiment in the last one year, as many as 248 projects involving an investment of Rs 1.20 lakh crore are under implementation in Punjab, with considerable cut in time taken for project completion, an ASSOCHAM paper has noted.

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India’s organic consumption share less than 1%: study

Wednesday, 23 May, 2018

New Delhi, 23 May, 2018: Despite the promising performance in terms of exports, the local consumption of organic produce is still at a nascent stage with a market share of less than 1% and per capita consumption at only EUR0, said the ASSOCHAM-EY joint report.

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Robust food processing sector key to doubling farmers’ income: Sadhvi Niranjan Jyoti

Tuesday, 22 May, 2018

New Delhi, May 22, 2018: Strengthening food processing sector is key to achieving government’s aim to double farmers’ income, union minister Sadhvi Niranjan Jyoti said at an ASSOCHAM event held in New Delhi today.

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Banks credit in personal loans too high compared to degrowth in infra sectors: ASSOCHAM

Sunday, 20 May, 2018

New Delhi, May 19, 2018: Banks are deploying credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans etc, while witnessing negative growth in key infrastructure sectors like telecom, power and roads, an ASSOCHAM paper has said

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Friday, 18 May, 2018

Patiala, May 18, 2018: Minister for Family Welfare and Health, Government of Punjab, Mr Brahm Mohindra today stated that the Chief Minister Punjab Captain Amarinder Singh was the savior of farmers in true sense. The Chief Minister has raised demand with the Prime Minister seeking Rs 685 cr compensation for the farmers to pull them out of the problem of setting paddy stubble on fire.

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ASSOCHAM-Reckitt Benckiser launch joint campaign to raise awareness of air pollution in Punjab

Thursday, 17 May, 2018

Patiala, May 17, 2018: Apex industry body ASSOCHAM under the aegis of its Corporate Social Responsibility Foundation in collaboration with global consumer product company Reckitt Benckiser and Government of Punjab is launching a massive, year-long campaign aimed at raising public awareness on air pollution caused by burning crop residue in the state.

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Political economy to centre around elections forcing "wait and watch" by biz: ASSOCHAM

Sunday, 13 May, 2018

New Delhi, May 12, 2018: Whatever the outcome of Karnataka elections, the political-economic narrative of 2018 and early part of 2019 would centre around either the impending polls in states like Madhya Pradesh and Rajasthan or the general Lok Sabha elections, forcing investors to adopt a ''wait and watch'' stance although sectors focussed on rural consumption and health are likely to receive increased opportunities, an ASSOCHAM note has said.

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