Press Releases

PM meeting industry leaders on Coronavirus crisis: ASSOCHAM seeks debt rollover; IBC suspension for 6-12 months

Monday, 23 March, 2020

New Delhi, 23rd March 2020: The ASSOCHAM today extended collaborative support of its over 4.5 lakh members to ''heroic" resolve and efforts of the Prime Minister Shri Narendra Modi-led government to deal with Covid-19 virus crisis, suggesting immediate relief measures including one-time rollover of all debt for businesses and individuals. Besides, the IBC framework be kept in suspension for 6-12 months in view of the worsening economic situation.

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Banks should declare 1 year moratorium on all loans; LIC must chip in for NBFCs: ASSOCHAM to FM -headed Task Force

Saturday, 21 March, 2020

New Delhi, 21st March 2020 :Giving a comprehensive note to the Covid-19 Economic Response Task Force, headed by Finance Minister Mrs Nirmala Sitharaman, the ASSOCHAM has sought a blanket year-long moratorium by banks on debt repayment both for corporates and individuals as also urgent infusion of liquidity by the Life Insurance Corporation of India into the NBFCs in a quasi-equity format.

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Permit App-based Cabs to work as delivery support for home orders to mitigate Coronavirus impact: ASSOCHAM

Thursday, 19 March, 2020

New Delhi, 19thMarch 2020: In order to mitigate risks to the trade and a large workforce, the ASSOCHAM has suggested that the app-based cabs be permitted to act as delivery logistics for online and telephonic orders from the e-commerce players as also the traditional retail stores for household essentials in metro cities where social distancing is being encouraged to stay indoors, in the aftermath of Covid-19 health emergency.

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ASSOCHAM to share ground level impact report on Coronavirus with Eco Response Task Force, announced by PM

Thursday, 19 March, 2020

New Delhi, 19th March 2020 :Assuring Hon'ble Prime Minister ShriNarendraModi to extend its fullest cooperation through its vast base of 4.5 lakh industry and trade members for his clarion call to observe "Janata Curfew" on March 22 to deal with the Coronavirus, ASSOCHAM today said it would reach out to its rank and file to give top priority to crucial societal and economic issues flagged by the Prime Minister.

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ASSOCHAM suggests war-footing steps to deal with Covid-19 virus; seeks moratorium on all debt repayments

Thursday, 19 March, 2020

New Delhi, 19th March 2020 :Suggesting ''war-footing '' measures to mitigate the impact of Covid-19 virus on the Indian economy, the ASSOCHAM has sought a moratorium on debt-servicing along with a big cut in the interest rates, besides protecting vulnerable sections of the society by direct cash support of Rs 3,000-5,000 per month and providing tax credits to firms which protect employment in a situation of grave worldwide health emergency.

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RBI moves on dollar liquidity re-assuring; rate cut appears very much on cards: ASSOCHAM

Monday, 16 March, 2020

New Delhi, 16th March 2020: An unequivocal assertion by Governor Mr Shaktikanta Das that the Reserve Bank of India is 'ready' to rise up to any situation arising out of the global health emergency from the Coronavirus, should be "re-assuring" to India Inc. about stability of the Indian financial markets, ASSOCHAM Secretary General, Mr Deepak Sood has said.

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ASSOCHAM to reach out to 4.5 lakh members to join national efforts to deal with Coronavirus; Indian economy well-cushioned

Friday, 13 March, 2020

New Delhi, 13th March 2020: Being a responsible organisation with a rich 100-year heritage, the ASSOCHAM is reaching out to its wide base of over 450,000 industry and trade members to work in close coordination with the Central and State Governments in dealing with the global pandemic of Coronavirus, and follow the medical and health protocols as prescribed by the authorities to be on top of the unprecedented situation, backed by strong cushions like large foreign exchange reserves, available with the policy makers, the Chamber Secretary General Mr Deepak Sood has said.

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Fall in crude prices to help India; macros to improve: ASSOCHAM

Monday, 09 March, 2020

New Delhi, March 9, 2020: Panic in the financial markets today, owing to a massive fall in the crude oil prices, does not affect India’s macro picture; on the contrary low fuel prices would help the country, said ASSOCHAM secretary general, Mr Deepak Sood.

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15th Annual Banking Summit “Structural Reforms in MSME Funding”

Friday, 06 March, 2020

Mumbai, March 6, 2020: The ASSOCHAM National Council for Banking has taken the initiative of organizing the 15th Annual Banking Summit at Hotel Taj Mahal Palace, Colaba, Mumbai. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has been conducting the Annual Banking Summit with the objective of bringing together various stakeholders to deliberate new opportunities and radical ways.

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Working in close coordination with Consumer Affairs Dept on reports of mustard oil adulteration: FSSAI chief

Thursday, 05 March, 2020

New Delhi, 05th March 2020: The Food Safety and Standards Authority of India (FSSAI) is working in close coordination with Department of Consumer Affairs on reports of mustard oil being adulterated with other low cost edible oils, its chief executive officer (CEO), Mr G.S.G. Ayyangar said at an ASSOCHAM event held in New Delhi today.

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