Press Releases

Few takers for bank loans, credit deployment runs minus in most sectors; ASSOCHAM expects RBI - MPC to brainstorm

Tuesday, 28 July, 2020

New Delhi, 28th July 2020: Reeling under debt-ridden balance sheets and economic uncertainties in the face of Covid-19 crisis, the Indian industry is left with little appetite for anymore loans, with the result that most of bank deposits are either being parked with the RBI or used by the central bank to fund ever-increasing government borrowings, the ASSOCHAM has noted.

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Government initiatives will provide growth momentum next year

Saturday, 25 July, 2020

New Delhi, 25th July 2020: Most of the measures taken by the government in this financial year will definitely show results and drive the country to have at least a 6 percent growth rate in the FY22 stated various economists and industry leaders at the Webinar organized by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) titled- "Economic Outlook: Post Pandemic”.

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CBIC notification about e-invoice schema and mandatory e-invoicing for businesses with turnover of Rs 500 crore or more by next week: Official

Thursday, 23 July, 2020

New Delhi, 24th July 2020The Central Board of Indirect Taxes and Customs (CBIC) will in a week’s time come out with a notification about implementing e-invoicing, a form of electronically-authenticated invoices, from 1 October only for businesses with turnover of Rs 500 crores or more, a top official said at in ASSOCHAM webinar today.

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Indian spices in great demand in post Covid 19 times; Exports up 34 %: ASSOCHAM

Sunday, 19 July, 2020

New Delhi, July 18, 2020: Prime Minister Mr NarendraModi's observation on increasing use of spices in the world, after outbreak of Coronavirus, is borne out by a huge rise in exports of Indian spices, by 34 per cent in rupee terms and 23 per cent in dollar terms in June this year, an ASSOCHAM dipstick study has shown.

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An ASSOCHAM-IFCCI Interaction with Mr. Piyush Goyal, Hon’ble Minister of Commerce & Industry and Railways, Government of India and Mr. Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness attached to the Minister for Europe

Friday, 17 July, 2020

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Indo-French Chamber of Commerce and Industry (IFCCI) co-organized a special interaction with Mr. Piyush Goyal, Hon’ble Minister of Commerce & Industry and Railways, Government of India and Mr. Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness attached to the Minister for Europe and Foreign Affairs, Government of France on 17th July, 2020 on the theme “Business continuity between India and France during COVID-19”. The objective of this interaction was to provide a fresh impetus to the robust India - France commercial and economic partnership in times of the COVID-19 pandemic.

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Policies will be tailored based on Covid-19 impact on economic activity of various businesses: RBI

Friday, 17 July, 2020

New Delhi, 17th July 2020: The Reserve Bank of India (RBI) will modify the policies based on the evolving situation in terms of the impact of Covid-19 to address various concerns of the industry, a top official said at an ASSOCHAM webinar held today.

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ASSOCHAM makes a plea for One Nation, One Stamp Duty on M&As to FM

Sunday, 12 July, 2020

New Delhi, 11th July 2020: Amidst an impending increase in the mergers and acquisitions in the post-COVID-19 era, the ASSOCHAM has approached the Finance Minister Mrs Nirmala Sitharaman with a plea to streamline the M&As on the principle of 'One Nation, One Stamp Duty.

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Ministry of Human Resource Development turns challenges into opportunities: Dr Ramesh Pokhriyal Nishank

Thursday, 09 July, 2020

New Delhi, 09th July 2020: The Union Minister for Human Resource Development, Dr Ramesh Pokhriyal Nishank today addressed an industry dialogue organized by ASSOCHAM on "Changing the threat of COVID-19 as a new model of education", highlighting the various steps taken by the Government to bolster the education system of the country with regards to changes in the COVID era and how the Union Ministry transformed challenges into opportunities.

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Sports Minister Kiren Rijiju interacts with corporates, says that all stakeholders need to move in the same direction to take India forward.

Wednesday, 08 July, 2020

New Delhi, 08th July 2020: Union Sports Minister Kiren Rijiju spoke on the importance of promoting fitness and sport and the need for corporate-government partnership in achieving these goals, during an online webinar titled “Role of Corporate India for Fit India”. The webinar which was organized by the Associated Chambers of Commerce in India (ASSOCHAM) in association with Fit India, saw Rijiju interact with members from the corporate world as he encouraged them to get more involved in sports and promoting fitness.

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