The Associated Chambers of Commerce & Industry of India

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Press Releases

35-40% slashing in corporate gifts this Diwali: ASSOCHAM Survey

New Delhi, 18th October 2017: In sync with the low-key festivities due to slowdown concerns and pressure on their balance-sheets, corporate India is going rather lukewarm in Diwali gifts this year to its associates, networked partners, employees and other key personalities, slashing the budget by at least 35-40 per cent under this head, an ASSOCHAM survey has noted.

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Wednesday, October 18, 2017

Average family to spend Rs. 10,000 on this Diwali: ASSOCHAM survey

New Delhi, October 17, 2017: About 68 per cent families to spend in the range of Rs. 5,000 to Rs.10,000 on the occasion of Diwali which is slightly lower than the last year, a quick survey by ASSOCHAM-Social Development Foundation (ASDF).

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Tuesday, October 17, 2017

Majority of Delhiites welcome ban on firecrackers, suggest effective implementation: Survey

New Delhi, October 16, 2017: While the Supreme Court ban on sale of firecrackers in Delhi-NCR has been drawing mixed reactions from people in general, majority of working professionals in the region have supported such prohibition, noted a quick random survey by ASSOCHAM Social Development Foundation.

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Monday, October 16, 2017

NRI deposits nosedive, due to oil price tremors in Gulf

New Delhi, October 14, 2017: With fading away of the glorious years for the oil-rich countries in the Gulf following the crude prices battling to inch up, the Non-Resident Indians (NRIs) net deposits inflows have seen a huge drop of 98 per cent in the first five months of current financial year over the same period of 2016-17, according to an ASSOCHAM analysis.

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Sunday, October 15, 2017

Digital India to provide 20-30% increase in India’s GDP by 2025: K.J. Alphons

New Delhi, October 12, 2017: Digital India program has the potential to provide an incremental 20-30% increase in India’s GDP by 2025, since its launch in July 2015, significant progress has been made in several initiatives under Digital India, Minister of State, Ministry of Electronics and IT, Mr K.J. Alphons said at an ASSOCHAM event held in New Delhi today.

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Thursday, October 12, 2017

Odisha tops with highest DMF collection of over Rs 3.4K crore till September-end: Prafulla Kumar Mallik

Bhubaneswar, October 12, 2017: With total funds collection worth Rs 3,433.66 crore up to end of September, Odisha has topped among all states in the country in terms of collecting and utilising funds under the District Mineral Foundation (DMF) mandated under the amended Mines and Minerals Development & Regulation (MMDR) Act, Steel and Mines Minister, Prafulla Kumar Mallik said at an ASSOCHAM event held in Bhubaneswar today.

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Thursday, October 12, 2017

Odisha ranks 3rd top-most in attracting live investments across India: ASSOCHAM

The proactive approach of Odisha government towards consequential implementation of investment intentions seems to have been producing results as rate of under-implementation of live projects has drastically declined from peak level of about 62 per cent in FY13 to about 47 per cent in FY17, according to a just-concluded study conducted by apex industry body ASSOCHAM.

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Thursday, October 12, 2017

Online sales may surpass Rs 30,000 cr. in festive month: ASSOCHAM

New Delhi, October 11, 2017: Consumers are increasingly opting for online shopping preferably mobile phones, electronic gadgets, consumer durables, apparel, home appliances and gift articles on the occasion of Diwali, the sale may touch Rs 30,000 crore as against Rs. 22,000 cr spent last year, a quick survey by ASSOCHAM National Council on E-commerce.

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Wednesday, October 11, 2017

Govt. to promote setting up mini food processing units: Sadhvi Niranjan Jyoti

New Delhi, October 10, 2017: The Government of India is focussing on creating mini food processing units across India, Union Minister of State for Food Processing Industries Sadhvi Niranjan Jyoti said at an ASSOCHAM event held in New Delhi today.

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Tuesday, October 10, 2017

Sale of Chinese goods may drop 45% this Diwali; India to Celebrate a Make in India Diwali: ASSOCHAM

New Delhi, October 9, 2017: Be it decorative items like lights, gift items, lamps and wall hangings or other product, the sale of Chinese products may decline by 40-45% this Diwali as compared to last year which was about 30% as per the market report from various states, a quick survey by ASSOCHAM-Social Development Foundation (ASDF).

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Monday, October 09, 2017

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