Press Releases

India’s container capacity at 12 ports is less than 1/4th of single Chinese port of Shanghai: ASSOCHAM

Tuesday, 12 December, 2017

Bhubaneswar, December 12, 2017: India’s total containerized cargo capacity of 8.75 million TEUs (twenty-foot equivalent units) at all its 12 major ports, a key indicator of a country’s integration with global supply chain for value-added manufactured goods, is less than a quarter of containerized goods handled at China’s single port of Shanghai, making it imperative for us to do a fast catching up, an ASSOCHAM comprehensive study on ports has pointed out.

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ASSOCHAM for urgent ban or regulation on Bitcoin and ICOs

Tuesday, 12 December, 2017

New Delhi, December 12, 2017: Advocating either policy framework or firm stop, for the Bitcoin which is attracting average 3500 new users/entrants in India alone, ASSOCHAM has stated that Indian start ups are more fascinating by Initial Coin Offering (ICO) route for raising funds, being Bitcoin’s bullish market than capital market, P/E or Venture Capital routes.

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Only 20% students from business schools land job offers: ASSOCHAM

Monday, 11 December, 2017

New Delhi, December 11, 2017: In sync with the demonetisation, lacklustre business sentiment and stalling of new projects have led to drying of job opportunities for b-category business schools which are struggling hard for placement so far with only 20% of students landing with employment offers, making this placement year the most challenging in recent years, reveals the ASSOCHAM latest paper.

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Farm woes pronounced amidst bright GDP picture: ASSOCHAM

Sunday, 10 December, 2017

New Delhi, December 9, 2017: If there is one sector which needs the maximum of the government’s attention and the top most priority in the ensuing Budget , it is the agriculture that has seen a major setback in Kharif production , leading to overall laggard growth of the farm sector in the country’s GDP performance for the second quarter of the current fiscal, ASSOCHAM said today.

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NCLT be empowered to grant tax relief on waiver of interest on stressed assets: ASSOCHAM

Thursday, 07 December, 2017

New Delhi, December 7, 2017: The National Company Law Tribunals (NCLTs) should be empowered by law to grant relief on any tax that may be imposed on any waiver of accrued interest with regard to stressed assets referred for resolution under the Insolvency and Bankruptcy Code, the ASSOCHAM has said in its communication to the Finance Minister Mr Arun Jaitley.

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Cut corporate tax; raise exemption limits for salaried employees: ASSOCHAM to FM

Wednesday, 06 December, 2017

New Delhi, December 6, 2017: Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Mr Sandeep Jajodia said in his presentation before Finance Minister Mr Arun Jaitley tax exemption limits for senior citizens and salaried employees should be also raised substantially for a demand push to the economy.

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We are cleansing education sector by thinking out of box and weeding out mafia: Anil Swarup

Tuesday, 05 December, 2017

Gurugram, December 5, 2017: The Union Ministry of Human Resource Development is taking on and trying to weed out mafia in the education sector, a top official said at an ASSOCHAM-Management Development Institute (MDI) joint event held in Gurugram today.

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Hopeful that Indo-African bilateral trade will cross $100 bn in next 2 yrs.: Union Minister

Monday, 04 December, 2017

New Delhi, December 4, 2017: The bilateral trade between India and Africa which reached about $60 billion in 2015-16 will cross $100 billion mark in next two years owing to improvement in business environment in the country together with better infrastructure and connectivity across African continent, Union Minister Mukhtar Abbas Naqvi said at an ASSOCHAM event held in New Delhi today.

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Healthcare mkt. in India may see threefold increase by 2022: ASSOCHAM-RNCOS Paper

Sunday, 03 December, 2017

India’s healthcare market may see threefold rise as its size in value terms is likely to reach $372 billion (bn) by 2022 from the level of $110 bn as of 2016 thereby clocking a compounded annual growth rate (CAGR) of 22 per cent, according to an ASSOCHAM-RNCOS joint paper.

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Exempt electricity duty to boost investments in metallurgical plants: ASSOCHAM plea to Odisha govt.

Friday, 01 December, 2017

Bhubaneswar, December 1, 2017: Apex industry body ASSOCHAM has urged the Government of Odisha for exemption of electricity duty to encourage investments in setting up metallurgical plants across the mineral-rich state.

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